USPTO Notice Of Allowance Sends Shares Soaring

USPTO Notice Of Allowance Sends Shares Soaring

By: Dylan Sikes – News

Tuesday, August 9, 2022

It’s rather rare that we see a micro cap in the Industrial sector. Historically, junior miners or healthcare stocks tend to dominate the smaller space. That’s why we were so shocked today when we saw an industrial penny stock company announce that it received notice of allowance from the United States Patent and Trademark Office (USPTO) for its patent titled, “system and method for built-in test for optical sensors,” according to the release. This sent shares of Rail Vision Ltd (Nasdaq:RVSN) flying during Tuesday’s session.

Rail Vision Ltd is a development-stage technology company that is engaged in the design, development, and assembly of railway detection systems designed to solve the challenges in railway operational safety, efficiency, and predictive maintenance. Its railway detection systems include different types of cameras, including optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized onboard computer which is designed to be suitable for the rough environment of a train's locomotive.

As previously mentioned, traders were bullish on this news as shares popped up to $1.12/share (+7.68%) at the session high. This move is s strong continuation of the success this stock has had over the last month.

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