GB Tours to Expand its Installation of the SaverOne System Across its Full Fleet of Public Transportation and Tour Buses
March 11 2024 - 7:00AM
SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company
engaged in transportation safety solutions, today announced that it
has expanded its collaboration and signed a further agreement with
GB Tours to install the SaverOne System on the full fleet of GB
Tours’ fleet of public transportation and tour buses. GB Tours is a
leading Israel-based public transportation company that operates
public transportation lines as well as tour buses with a fleet of
about one hundred buses. This order follows the conclusion of a
successful pilot of the SaverOne System on twenty of GB Tours’
buses.
Over the coming weeks, SaverOne will install its
system across the full fleet of GB Tours’ buses, amounting to a
further 77 public transportation and tour buses.
Ashraf Houri, Public Transportation
Manager at GB Tours, commented, “At GB Tours, we are
constantly striving to improve our service quality while ensuring
the safety of our passengers during their travels. The decision to
expand our installation of the SaverOne system is a testament to
our commitment to passenger safety. We believe that this solution
will bring an increase in the safety of our passengers while
traveling with us.”
Mr. Gilboa, CEO of SaverOne
commented, “After using our product for some time and
fully testing it on a quarter of their fleet, we are very pleased
that GB Tours has seen the significant value that we bring and have
chosen to roll-out our safety solution across their full fleet. The
public transportation sector has always been an important one for
SaverOne where the safe passage of many people concurrently is key,
and it is critical for bus owners to minimize the risk of traffic
accidents as much as possible. We believe that we have the
potential to play a significant role in this sector, which
represents an area ripe for long-term growth for SaverOne,
worldwide.”
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 (e.g. navigation), 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.
Learn more at https://saver.one/
Forward Looking StatementsThis
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
8040saverone@ekgir.com Israeli Investors Contact:
Jonathan EilatJohn@theinvestor.co.il |
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