Rail Vision (NASDAQ:RVSN) announced Wednesday it has finalized the acquisition of a 51% ownership interest in Quantum Transportation, a strategic move that integrates cutting-edge quantum computing into the company’s suite of railway safety and autonomous driving technologies.
The transaction establishes Quantum Transportation as a majority-owned subsidiary of the Ra’anana, Israel-based firm.
In exchange for the controlling stake, Rail Vision issued 2,982,710 ordinary shares, representing nearly 5% of its outstanding capital.
Additionally, Rail Vision has extended a $700,000 convertible loan facility to the subsidiary, carrying an 8% annual interest rate, to fund a 24-month development roadmap focused on hardware-agnostic quantum applications.
Through the deal, Rail Vision secures an exclusive sub-license for an innovative pending patent in quantum error correction (QEC), originally developed at Tel Aviv University and owned by its tech-transfer arm, Ramot.
This technology addresses the "noise" inherent in current quantum devices, enabling real-time decoding of surface code errors with significantly lower computational overhead than traditional methods.