PETAH TIKVAH, Israel, Jan. 31,
2024 /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq:
SVRE) (TASE: SVRE), a technology company engaged in
advanced transportation safety solutions, today announced that it
has secured a new customer, Bon Tour, with a significant order of
300 SaverOne Systems. In the coming month, 50 systems will be
installed on Bon Tour's various buses and minibuses, and following
that, a further 250 systems are expected to be installed.
Bon Tour is one of the leading private transit companies in
Israel, operating hundreds of
buses and providing transportation solutions and travel services to
some of the largest companies in the country. Among Bon Tour's
customers are government offices, municipalities and councils,
institutions and hospitals, factories, tourism bodies, as well as
private customers.
Mr. Ori Gilboa, CEO of
SaverOne, commented, "We are very pleased with this sizable
order and new customer win, with one of Israel's leading transportation companies.
Given the pervasiveness of their buses on Israeli roads, we see
strong strategic value in the new support from a well-known
transportation brand for SaverOne's solution to combat driver
distraction. This win is a further testament to the increasing
traction that our solution is gaining."
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 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 (e.g. navigation, calls), without
the need for 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 – the DDPS (Driver
Distraction Presentation Solution) 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.
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, 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