Deutsche Bahn gives RV glowing assessment
Foresight has announced that Deutsche Bahn (DB) has concluded field tests of 32%-owned Rail Vision’s (RV) collision-avoidance system and concluded that the system’s capabilities are “unprecedented in Europe” and “may provide solutions to multiple problems the company faces and intends to address in coming years”. RV’s representatives have been asked to extend their stay in Germany for further collaboration, which, together with the above statements, may be a sign of DB’s intention to move rapidly to upgrade its fleet. Based on a prospective price per installed unit of $32-50,000, as per our model in the 2017-19 period, we see the potential for DB to spend $200-300m to install collision-avoidance systems on its fleet of 1,450 locomotives and 4,800 powered multiple units.
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