Osem-Nestle Expands Installation of the SaverOne Protection System Across its Fleet - Yahoo Finance

1 year ago 36

A caller follow-on bid for 50 SaverOne Systems with the Israeli subsidiary of a planetary nutrient manufacturer, representing semipermanent maturation potential

, /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a exertion institution engaged successful proscription information solutions, contiguous announced that Osem-Nestle has ordered 50 caller SaverOne Systems which are being installed connected their worker vehicles. Furthermore, further systems are expected to beryllium installed astatine a aboriginal signifier with an eventual extremity of equipping their afloat company's fleet of cars and trucks with the SaverOne system.

This caller bid follows a palmy six-month proceedings play covering an archetypal 30 vehicles, nether which each aspects of the strategy were tested. At the adjacent of the proceedings period, Osem-Nestle conducted an interior survey among users and SaverOne's strategy received precise precocious restitution grades with feedback that the strategy gives them bid of caput portion driving and prevents them from compartment telephone distractions.

Osem-Nestle is 1 of the largest nutrient manufacturers and distributors successful Israel, and is owned by Nestle of Switzerland, a multinational nutrient and beverage institution with 270,000 employees and operating successful 186 countries.

Mr. Gilboa, CEO of SaverOne commented, "We are pleased with this follow-on bid from Osem-Nestle, a cardinal customer, which presents beardown semipermanent maturation imaginable for SaverOne. It represents an accidental to further penetrate and grow income into the planetary organization. This caller follow-on bid is important, demonstrating the occurrence of our merchandise successful the archetypal trials with Osem-Nestle and it besides shows the beardown worth that they spot successful providing this extortion strategy for their employees. Finally, it is simply a testament to the ongoing occurrence we are seeing successful executing our maturation strategy and gathering relationships with multinational organizations."

About the SaverOne SystemSaverOne'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 StatementsThis 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.

International Investor Relations Contact:
Ehud Helft
+1 212 378 8040
saverone@ekgir.com

Israeli Investors Contact:
Jonathan Eilat
John@theinvestor.co.il