PETAH TIKVAH, Israel, Jan. 22,
2024 /PRNewswire/ -- SaverOne 2014 Ltd.
(Nasdaq: SVRE) (TASE: SVRE), a technology company engaged in
advanced transportation safety solutions, today announced that the
SaverOne system will be installed across Strauss Group's entire
fleet in Israel. Strauss Group is
one of the largest food manufacturers in Israel with a fleet of over 80 food delivery
trucks.
The new order, covering the entire Strauss
delivery fleet, follows a successful trial on 17 Strauss
trucks, in which Strauss' management noted a
statistically significant and notable reduction in accident rates
in the trucks that had the SaverOne system
installed.
Mrs. Keren
Golan, Manager of Transportation at Strauss,
commented, "We were very impressed with the
performance of the SaverOne system, and especially with the notable
reduction in what would be the typical accident rate among the
delivery trucks which had the system installed. The responsible use
of our delivery truck fleet on the road system, as well as the
safety of our employees and other drivers and road users, is of
paramount importance to Strauss. Installing the SaverOne system
across our entire fleet demonstrates our commitment to safety and
responsible road use."
Mr. Ori
Gilboa, CEO of SaverOne, commented, "We are
proud of this win, representing a breakthrough for SaverOne,
whereby a successful trial has now expanded into a full deployment
across their entire fleet. It demonstrates the strong value-add
that they see in our systems. Furthermore, Strauss is partnered
with Frito-Lay, a U.S. subsidiary of multinational food and
beverage company, PepsiCo. This win in this key vertical is highly
strategic for us with potential to expand our footprint
internationally, with all of these world-leading food manufacturers
which have thousands of delivery trucks operating globally. This
win is also a strong testament to the success we are seeing in
executing our strategy and building relationships with the
potential to lead to further penetration into multinational
organizations."
About the SaverOne
System
SaverOne's system is installed in
vehicles to provide a solution to the problem of driver
distraction, as a result of drivers using distracting applications
on the mobile phone while driving, in a way that endangers their
safety and the safety of their passengers. This phenomenon is
considered one of the main causes of road accidents in the world.
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 and 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 that are interested in
reducing potential damages and significant cost, vehicle
manufacturers that are interested in integrating safety solutions
to their vehicles, and insurance and leasing companies. SaverOne
initially addresses car fleets with focus on the Israeli, European
and US markets, as well as other markets around the world. SaverOne
believes that ultimately increased focus on monitoring and
prevention of cellular distraction systems in vehicles, in
particular 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 for installation to customers in the aftermarket as well
as address OEM vehicle manufacturers, to install the Company's
protection technologies during the vehicle manufacturing
process.
About SaverOne
SaverOne is a
technology company engaged in the design, development and
commercialization of OEM and aftermarket solutions and
technologies, to lower the risk of, and prevent, vehicle
accidents.
SaverOne's initial line of products is a
suite of solutions that saves lives by preventing car accidents
resulting from distraction from the use of 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.
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, other than statements of historical fact, contained in
this press release are forward-looking statements. 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, although 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 as to future events that may not prove to be accurate.
Many factors could cause SaverOne's actual activities or results to
differ materially from the activities and results anticipated in
such forward-looking statements. Factors that could cause our
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; our planned level of revenues and capital expenditures
and our ability to continue as a going concern; the ability of our
technology to substantially improve the safety of drivers; our
ability to market and sell our products; our plans to continue to
invest in research and development to develop technology for both
existing and new products; our intention to advance our
technologies and commercialization efforts; our intention to use
local distributors in each country or region that we will conduct
business to distribute our products or technology; our plan to seek
patent, trademark and other intellectual property rights for our
products and technologies in the United
States and internationally, as well as our ability to
maintain and protect the validity of our currently held
intellectual property rights; our expectations regarding future
changes in our cost of revenues and our operating expenses; our
expectations regarding our tax classifications; interpretations of
current laws and the passage of future laws; acceptance of our
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 we operate; projected capital expenditures and liquidity;
our intention to retain key employees, and our belief that we
maintain good relations with all of our employees; any resurgence
of the COVID-19 pandemic and its impact on our business and
industry; and 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 April 27, 2023 and in
subsequent filings with the SEC. Forward-looking statements
contained 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 8040
saverone@ekgir.com
Israeli Investors Contact:
Jonathan Eilat
John@theinvestor.co.il
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SOURCE SaverOne
