Builds railway detection systems that use cameras and AI to spot track hazards and alert crews, for passenger and freight rail operators and shunting-yard operators.
20-F for FY2025, filed Mar 31, 2026Since our founding in April 2016, we have developed proprietary railway detection systems designed to enhance railway safety and…View ↗
Our railway detection systems are based on electro-optic technology, including visible-light and thermal cameras, which transmit data to a…View ↗
Locomotives for shunting yards - We are focused on selling the ShuntingYard System to shunting yard operators. Our railway detection system…View ↗
Locomotives for passenger and freight trains - Our strategic focus on this market segment, through our MainLine system, derives from the…View ↗
Customers pay under contract billing schedules; product sales are tied to shipment, delivery, or installation, while service revenue is earned over the service period.
20-F for FY2025, filed Mar 31, 2026
20-F for FY2025, filed Mar 31, 2026
FY2025 revenue by product or service (Total) ↗$1.5M
20-F for FY2025, filed Mar 31, 2026
$1.5M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Sale of Products
Sold outright
20-F for FY2025, filed Mar 31, 2026 |
93%
FY2022: 52%
|
Sale of Products, FY2025
$1.4M Sources
|
Sold outright |
|
Services
Recurring
|
7.3%
FY2022: 48%
|
Services, FY2025
$108K Sources
|
Recurring |
Rail operators buy systems through pilots, demonstrations and evaluations before commercial orders; buyers also include mining and rail-services companies.
20-F for FY2025, filed Mar 31, 2026Our railway detection systems are currently being deployed in pilot projects with several industry-leading railway operators, and in…View ↗
In October 2023, we received a $500,000 order from a leading Latin American mining company for a MainLine System, which was delivered in…View ↗
In January 2024 we signed a supply contract with a U.S.-based rail and leasing services company valued at up to $5.0 million for AI-based…View ↗
In April 2024, we received an order from Loram, a leading U.S.-based provider of railway track maintenance equipment and services for our…View ↗
Locomotives for passenger and freight trains - Our strategic focus on this market segment, through our MainLine system, derives from the…View ↗
No. It lost $11.1M in FY2025.
20-F for FY2025, filed Mar 31, 2026
−$11.7MView ↗
20-F for FY2025, filed Mar 31, 2026
−$11.1MView ↗
20-F for FY2025, filed Mar 31, 2026
−$9.2MView ↗
Growing. Revenue grew 67% in 4 years, from $888K in FY2021 to $1.5M in FY2025, about 14% a year.
Competes with 4AI Systems, NIART Technologies, Bosch Engineering, Siemens Mobility, and OTIV
20-F for FY2025, filed Mar 31, 2026Our MainLine System, designed for passenger and freight trains operating on main railway lines, competes primarily against companies that…View ↗
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