SaverOne Continues to Expand its Global Reach with New Distribution Agreement with Smartfits in the UK
17 Dezembro 2024 - 10:00AM
SaverOne 2014 Ltd. (Nasdaq: SVRE,
TASE: SVRE), a technology company that develops and sells
advanced transportation safety solutions, today announced it has
signed a new distribution agreement with Smartfits Installations
Ltd. (Smartfits) to bring its driver distraction prevention
technology to fleets across the United Kingdom.
Smartfits, based in Burton on Trent, central
England, specializes in fleet safety and technology integrations,
serving a diverse range of industries including logistics, public
transport and corporate fleets.
Mr. Ori Gilboa, CEO of
SaverOne, commented, “We are excited to partner with
Smartfits as we introduce our critical road-safety technology to
the UK market. This new partnership reflects Smartfits’ commitment
to introducing cutting-edge safety innovations to its customer base
and aligns strongly with our mission of enhancing road safety. This
new distribution partnership is part of our strategic global
expansion plan and builds on our strong recent success in European
markets. Smartfits’ expertise and focus on delivering safety-driven
solutions to fleet operators makes them an ideal partner. We
believe their deep market knowledge and strong distribution
capabilities will enable us to address the significant potential
demand for driver distraction prevention technology in the UK.”
Ms.
Lehanne
Hassall, Head of
Operations at Smartfits, added, “We are
thrilled to build this new collaboration with SaverOne and bring
their pioneering solution to customers across the UK. Fleet safety
is a top priority for operators, and SaverOne’s technology offers
an innovative way to prevent distractions and reduce accidents.
Together, we aim to make British roads safer while helping fleets
achieve greater efficiency and compliance. We anticipate strong
market demand ahead as we launch the product into the UK market and
look forward to providing fleets with this groundbreaking
technology.”
The UK fleet market, with over five million
vehicles, has potential for growth in safety-enhancing
technologies, driven by increasing regulatory focus and the rising
costs of accidents caused by driver distractions. SaverOne’s
solution directly addresses these challenges by preventing mobile
phone distractions among drivers, thereby reducing risks and
operational costs for fleet operators.
About the SaverOne System
SaverOne's system is installed in vehicles to
solve the problem of driver distraction, as a result of drivers
using distracting applications on their mobile phones while driving
in a way that endangers their safety and the safety of their
passengers. This phenomenon is considered one of the leading causes
of global road accidents. According to the US National Highway
Traffic Safety Administration, the annual cost of road accidents
just in the United States stands at about $870 billion each year,
excluding the costs of serious injury or death, with a quarter of
those accidents estimated to be related to the use of the mobile
phones while driving. SaverOne's technology specifically recognizes
the driver area in the vehicle. It prevents the driver from
accessing distracting applications such as messaging while allowing
others (navigation as an example) without user intervention or
consent, creating a safer driving environment.
SaverOne's primary target markets include
commercial and private vehicle fleets interested in reducing
potential damages and significant costs, vehicle manufacturers
interested in integrating safety solutions into their vehicles, and
insurance and leasing companies. SaverOne initially addresses car
fleets with a focus on the Israeli, European, and US markets and
other markets worldwide. SaverOne believes that an increased focus
on monitoring and prevention of cellular distraction systems in
vehicles, driven by upcoming expected EU regulation, will likely
have a dramatic positive impact on the demand for its systems in
the future.
The Company's strategy is to provide its
technology to customers in the aftermarket and address OEM vehicle
manufacturers to integrate the Company's protection technologies
during the vehicle manufacturing process.
About SaverOne SaverOne is a
technology company that designs, develops, and commercializes OEM
and aftermarket solutions and technologies to lower the risk of and
prevent vehicle accidents.
SaverOne's initial product line is a suite of
solutions that saves lives by preventing car accidents resulting
from distraction from using mobile phones while driving. SaverOne
is also developing a sensor system for early location and direction
detection under all visibility conditions of vulnerable road users
(VRU) through their cellphone footprint.
Learn more at https://saver.one/
Forward Looking Statements
This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act and other securities laws that are subject to
substantial risks and uncertainties. All statements, besides those
of historical fact, contained in this press release are
forward-looking. Forward-looking statements contained in this press
release include but are not limited to, statements regarding
SaverOne's strategic and business plans, technology, relationships,
objectives, and expectations for its business, the impact of trends
on and interest in its business, intellectual property or product
and its future results, operations, and financial performance and
condition and may be identified by the use of words such as
"anticipate," "believe," "contemplate," "could," "estimate,"
"expect," "intend," "seek," "may," "might," "plan," "potential,"
"predict," "project," "target," "aim," "should," "will" "would," or
the negative of these words or other similar expressions. However,
not all forward-looking statements contain these words.
Forward-looking statements are based on SaverOne's current
expectations and are subject to inherent uncertainties, risks, and
assumptions that are difficult to predict. Further, certain
forward-looking statements are based on assumptions about future
events that may not prove accurate. Many factors could cause
SaverOne's actual activities or results to differ materially from
those anticipated in such forward-looking statements. Factors that
could cause actual results to differ materially from those
expressed or implied in such forward-looking statements include,
but are not limited to: the ability of our technology to
substantially improve the safety of drivers; SaverOne’s planned
level of revenues and capital expenditures and its ability to
continue as a going concern; the success of the distribution
agreement with Smartfits in the U.K and SaverOne’s ability to
further broaden products and services in the UK and the rest of
Europe; SaverOne’s ability to maintain its listing on the Nasdaq
Capital Market; the ability of SaverOne’s technology to
substantially improve the safety of drivers; its ability to market
and sell its products; its plans to continue to invest in research
and development to develop technology for both existing and new
products; SaverOne’s intention to advance its technologies and
commercialization efforts; SaverOne’s intention to use local
distributors in each country or region in which it conducts
business to distribute products or technology; SaverOne’s plan to
seek patent, trademark and other intellectual property rights for
products and technologies in the United States and internationally,
as well as its ability to maintain and protect the validity of
currently held intellectual property rights; SaverOne’s
expectations regarding future changes in its cost of revenues and
operating expenses; SaverOne’s expectations regarding its tax
classifications; interpretations of current laws and the passage of
future laws; acceptance of its business model by investors; the
ability to correctly identify and enter new markets; the impact of
competition and new technologies; general market, political and
economic conditions in the countries in which SaverOne operates;
projected capital expenditures and liquidity; SaverOne’s intention
to retain key employees, and its belief that it will maintain good
relations with all employees; a resurgence of the COVID-19 pandemic
and its impact on business and industry; as well as other risks and
uncertainties, including, but not limited to, the risks detailed in
the Company's Annual Report on Form 20-F filed with the U.S.
Securities and Exchange Commission (the "SEC") on March 25, 2024
and in subsequent filings with the SEC. Forward-looking
statements in this announcement are made as of this date, and
SaverOne undertakes no duty to update such information except as
required under applicable law.
International Investor
Relations Contact:Ehud Helft +1 212 378
8040saverone@ekgir.com |
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