tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Mobix Labs RaGE Systems secures AI drone contract

Mobix Labs (MOBX) announced that its Mobix Labs Wireless division, RaGE Systems, has been awarded a new contract to develop drone-based, AI-powered inspection technology for the U.S. rail industry. This program marks Mobix Labs’ entry into a massive new market, applying its technology to improve rail safety and modernize critical infrastructure. “This program shows the potential of combining drones with AI to tackle one of America’s toughest infrastructure challenges,” said Russell Cyr, General Manager and Vice President of Mobix Labs Wireless. “We believe this technology can help revolutionize how railroads inspect bridges and create opportunities for Mobix Labs to expand into many other industries that demand smarter, safer solutions.”

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue

1