Rail Vision Ltd. (NASDAQ: RVSN) announced the signing of a non-binding memorandum of understanding with Railserve Inc., a North American industrial railyard services company and subsidiary of Marmon Holdings.

The MOU outlines the companies' interest in expanding their existing collaboration beyond the current deployment of Rail Vision's AI-based ShuntingYard perception systems. The parties plan to discuss additional system deployments, new use cases, rail car mover applications, and broader rail yard solutions.

Rail Vision and Railserve initially entered into a commercialization agreement in January 2024 for the deployment of Rail Vision's ShuntingYard systems. According to the company, the collaboration has advanced Rail Vision's technology from an advanced driver assistance system to an active platform supporting semi-autonomous operations.

"This MOU marks an important step in potentially expanding our collaboration with Railserve," said David BenDavid, CEO of Rail Vision. "We believe our ShuntingYard perception systems can support a broader range of rail yard operations and operational requirements, while creating new opportunities for deployment across the Marmon Rail Group."

The expansion of the collaboration remains subject to the execution of an additional binding agreement between the parties.

Railserve operates rail switching, material handling, track services, and locomotive repair services across more than 100 locations in North America. The company is part of Marmon Rail, which is owned by Marmon Holdings, a Berkshire Hathaway company.

Rail Vision develops AI-integrated sensing systems for railway safety applications. The company's technology uses machine learning algorithms to identify and classify obstacles, providing real-time hazard detection for rail operations.