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MarketScreener Homepage  >  Equities  >  Xetra  >  Knorr-Bremse AG    KBX   DE000KBX1006

KNORR-BREMSE AG

(KBX)
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Delayed Quote. Delayed Xetra - 10/23 11:35:14 am
102.6 EUR   +0.12%
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Knorr Bremse : and Rail Vision to test obstacle detection systems for SBB Cargo

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09/23/2020 | 11:01am EDT
Rail Vision SBB Cargo

Knorr-Bremse and Israeli startup Rail Vision will equip multiple SBB Cargo shunting locomotives with Rail Vision's Assisted Remote Shunting system for obstacle detection.

After prototype testing is successfully completed at the end of the first quarter of 2021, the partners will be looking into addressing additional business activities to adopt obstacle detection systems for cargo vehicles.

Based on electro-optic sensors, artificial intelligence and deep learning capabilities, Rail Vision's systems are expected to make shunting processes of cargo vehicles more efficient. Detecting obstacles and interfacing with the Remote Control from Schweizer Electronic, the prototype system can enable a single person to control shunting from a remote location. Today, by contrast, shunting generally takes two people: a locomotive driver and a signaler, who notifies of any possible obstacles and the remaining distance to other vehicles to the driver via radio from outside. The innovation comes at a crucial time, as several operators are expecting staffing crunches in the medium-term.

rail vision sbb cargo

Rail Vision obstacle detection and classification. Credit: Rail Vision

Dr. Nicolas Lange, Chairman of the Management Board of Knorr-Bremse Rail Vehicle Systems, said: “We are very happy to jointly enter the crucial testing phase of Rail Vision's obstacle detection systems on SBB Cargo's locomotives. These systems offer a promising avenue to further support operators in managing their fleets, and they are a building block in realising the future scenario of automatic train operation.”

Andreas Hefti, Managing Director at Knorr-Bremse Switzerland, said: “As several cargo operators are anticipating personnel shortages in the coming years, Rail Vision's products can contribute to increasing operational efficiency after a more widespread rollout.”

Elen Katz, CEO of Rail Vision, said: “Rail Vision is proud to jointly execute this project with our partner Knorr-Bremse Switzerland and in cooperation with Schweizer Electronic. SBB Cargo is widely regarded as a pioneer when it comes to innovation in the railway industry. We are excited to introduce our unique application with our partners to the train industry. Rail Vision's Assisted Remote Shunting system will improve safety and contribute to unobstructed one-man control in everyday operations.”

Rail Vision's Shunting Yard System uses advanced electro-optic sensors combined with artificial intelligence and deep learning technologies to detect and classify obstacles on and along rail tracks, providing both drivers and remote operators with critical real-time alerts. The system monitors switches and recognises signals and paths up to 200 meters ahead. Once an obstacle is detected, the system analyses and classifies it. When warning is needed, it sends both visual and acoustic alerts to the driver, and optionally also to the Command & Control Centre.

Knorr-Bremse and Rail Vision have been partners in the realm of obstacle detection technology for rail vehicles since March 2019, when Knorr-Bremse acquired a 21.3 per cent share in the Israeli startup. With its $10 million strategic investment, Knorr-Bremse took another step on its way to support innovative systems for automated driving in the railway sector.

© Russell Publishing Limited, 2020. All Rights Reserved., source Trade Journals


Stocks mentioned in the article
ChangeLast1st jan.
KNORR-BREMSE AG 0.12% 102.6 Delayed Quote.13.06%
SCHWEIZER ELECTRONIC AG -1.70% 9.26 Delayed Quote.-46.78%
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Financials
Sales 2020 6 064 M 7 192 M 7 192 M
Net income 2020 441 M 523 M 523 M
Net Debt 2020 552 M 654 M 654 M
P/E ratio 2020 37,5x
Yield 2020 1,36%
Capitalization 16 539 M 19 578 M 19 617 M
EV / Sales 2020 2,82x
EV / Sales 2021 2,48x
Nbr of Employees 28 941
Free-Float 41,0%
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Mean consensus HOLD
Number of Analysts 15
Average target price 99,00 €
Last Close Price 102,60 €
Spread / Highest target 21,8%
Spread / Average Target -3,51%
Spread / Lowest Target -40,5%
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NameTitle
Klaus J. Mangold Chairman-Supervisory Board
Frank Markus Weber Chief Financial Officer
Heinz Hermann Thiele Member-Supervisory Board
Werner Ratzisberge Member-Supervisory Board
Michael Jell Member-Supervisory Board
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