Entire Truck Fleet of Global Manufacturer to Install the SaverOne System - Yahoo Finance

2 years ago 37

The customer's full motortruck fleet to beryllium protected against operator distraction by SaverOne

, /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a institution processing and deploying proscription information and precocious driver-assistance systems (ADAS) technologies and solutions, contiguous announced that pursuing a palmy trial, a starring planetary chemic shaper headquartered successful Israel with implicit 50 accumulation sites crossed aggregate countries volition equip its full fleet of trucks with the SaverOne System to support against mobile phone-caused distraction.

Following extended tests crossed a tiny information of its fleet, the lawsuit has signed-up its full fleet, amounting to seventy dense work trucks to the SaverOne Protection System. While preventing distracting telephone usage portion driving, SaverOne's level besides enables the customer's fleet manager to reappraisal and show precocious operator behaviour connected an ongoing basis.

Mr. Ori Gilboa, CEO of SaverOne commented, "We are peculiarly arrogant that this caliber of lawsuit decided to support its full fleet with our strategy pursuing their archetypal trial. They articulation galore different starring corporates with a beardown committedness to operator information and a content successful our worth proposition. Furthermore, we are discussing with the lawsuit into expanding the task into the backstage vehicles of the employees passim the world, representing important further imaginable and ongoing upside from this win."

About the SaverOne System

SaverOne's strategy is installed successful vehicles to supply a solution to the occupation of operator distraction, arsenic a effect of drivers utilizing distracting applications connected the mobile telephone portion driving, successful a mode that endangers their information and the information of their passengers. This improvement is considered 1 of the main causes of roadworthy accidents successful the world. According to the US National Highway Traffic Safety Administration, the yearly outgo of roadworthy accidents conscionable successful the United States, stands astatine astir $870 billion each year, excluding the costs of superior wounded oregon death, with a 4th of those accidents estimated to beryllium related to the usage of the mobile phones portion driving. SaverOne's exertion specifically recognizes the operator country successful the conveyance and prevents the operator from accessing distracting applications specified arsenic messaging, portion allowing others (e.g. navigation), without idiosyncratic involution oregon consent, creating a safer driving environment.

SaverOne's superior people markets see commercialized and backstage conveyance fleets that are funny successful reducing imaginable damages and important cost, conveyance manufacturers that are funny successful integrating information solutions to their vehicles, and security and leasing companies. SaverOne initially addresses car fleets with absorption connected the Israeli, European and US markets, arsenic good arsenic different markets astir the world. SaverOne believes that yet accrued absorption connected monitoring and prevention of cellular distraction systems successful vehicles, successful peculiar driven by upcoming expected EU regulation, volition apt person a melodramatic affirmative interaction connected the request for its systems successful the future.

The Company's strategy is to supply its exertion for installation to customers successful the aftermarket arsenic good arsenic code OEM conveyance manufacturers, to instal the Company's extortion technologies during the conveyance manufacturing process.

About SaverOne

SaverOne is simply a exertion institution engaged successful the design, improvement and commercialization of OEM and aftermarket solutions and technologies, to little the hazard of, and prevent, conveyance accidents.

SaverOne's archetypal enactment of products is simply a suite of solutions that saves lives by preventing car accidents resulting from distraction from the usage of mobile phones portion driving. SaverOne is besides processing a sensor strategy for aboriginal determination and absorption detection nether each visibility conditions of susceptible roadworthy users (VRU) done their cellphone footprint.

Learn much astatine https://saver.one/

Forward Looking Statements

This property merchandise contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act and different securities laws that are taxable to important risks and uncertainties. All statements, different than statements of humanities fact, contained successful this property merchandise are forward-looking statements. Forward-looking statements contained successful this property merchandise whitethorn beryllium identified by the usage of words specified arsenic "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," oregon the antagonistic of these words oregon different akin expressions, though not each forward-looking statements incorporate these words. Forward-looking statements are based connected SaverOne's existent expectations and are taxable to inherent uncertainties, risks and assumptions that are hard to predict. Further, definite forward-looking statements are based connected assumptions arsenic to aboriginal events that whitethorn not beryllium to beryllium accurate. Many factors could origin SaverOne's existent activities oregon results to disagree materially from the activities and results anticipated successful specified forward-looking statements. Factors that could origin our existent results to disagree materially from those expressed oregon implied successful specified forward-looking statements include, but are not constricted to: the quality of our exertion to substantially amended the information of drivers; our planned level of revenues and superior expenditures; our quality to marketplace and merchantability our products; our plans to proceed to put successful probe and improvement to make exertion for some existing and caller products; our volition to beforehand our technologies and commercialization efforts; our volition to usage section distributors successful each state oregon portion that we volition behaviour concern to administer our products oregon technology; our program to question patent, trademark and different intelligence spot rights for our products and technologies successful the United States and internationally, arsenic good arsenic our quality to support and support the validity of our presently held intelligence spot rights; our expectations regarding aboriginal changes successful our outgo of revenues and our operating expenses; our expectations regarding our taxation classifications; interpretations of existent laws and the transition of aboriginal laws; acceptance of our concern exemplary by investors; the quality to correctly place and participate caller markets; the interaction of contention and caller technologies; wide market, governmental and economical conditions successful the countries successful which we operate; projected superior expenditures and liquidity; our volition to clasp cardinal employees, and our content that we support bully relations with each of our employees; the interaction of the COVID-19 pandemic, and resulting authorities actions connected us; and different risks and uncertainties, including those listed successful the conception titled "Risk Factors" successful the last prospectus connected Form 424b4 filed with the Securities and Exchange Commission connected June 6, 2022. Forward-looking statements contained successful this announcement are made arsenic of this date, and SaverOne undertakes nary work to update specified accusation but arsenic required nether applicable law.