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Sobr Safe Inc - SOBR STOCK NEWS

Welcome to our dedicated page for Sobr Safe news (Ticker: SOBR), a resource for investors and traders seeking the latest updates and insights on Sobr Safe stock.

Overview

SOBR Safe Inc is a hardware and software innovator specializing in non-invasive, transdermal alcohol detection and identity verification systems. Using state-of-the-art touch-based technology and its patent-pending SOBRsafe software platform, the company delivers next-generation solutions that integrate robust detection hardware with cloud-based data analytics. These advanced products, such as the point-of-care screening system and the continuously monitoring wearable device, are meticulously engineered to support applications in behavioral health, judicial monitoring, commercial fleet management, manufacturing facilities, and warehousing.

Core Technology and Business Model

SOBR Safe Inc overcomes the limitations of conventional alcohol testing methods by employing a non-invasive, touch-based approach that eliminates the need for breath, blood, or urine samples. Its dual-component system includes detection hardware that provides immediate results and a sophisticated cloud platform that records, analyzes, and reports user and business data. This integrated model not only streamlines compliance and administrative processes but also offers measurable, statistical insights that benefit diverse operational environments. Revenue is generated through the sale of cloud-based software solutions, detection devices, and related data reporting services, all built on a foundation of responsive technology and scalable operations.

Market Position and Strategic Applications

Positioned within a critical niche of safety and compliance, SOBR Safe Inc serves sectors where regular alcohol monitoring is essential. Its technology is instrumental for behavioral health centers that require continuous patient monitoring, judicial systems that depend on accurate sobriety data, and commercial enterprises focused on workforce safety. The company’s products, engineered for accuracy and efficiency, are designed to meet both mandatory testing requirements and the broader need for operational oversight. By targeting sectors with an inherent demand for reliable monitoring, SOBR Safe Inc strategically differentiates itself in competitive and regulated markets.

Operational Excellence and Industry Significance

Since its founding in 2004, SOBR Safe Inc has consistently emphasized innovation and reliability. Headquartered in Colorado, the company upholds a commitment to improving both patient outcomes and operational efficiencies across multiple sectors. Its adaptive business model, focused on integrating advanced detection technology with real-time data management, underlines its role as an essential tool for organizations requiring stringent alcohol monitoring. With a focus on non-invasiveness and continuous data flow, the company addresses critical gaps left by outdated, invasive testing methods.

Application in Diverse Sectors

SOBR Safe Inc tailors its solutions to the unique needs of various industries:

  • Behavioral Health: Implements continuous monitoring solutions that simplify patient tracking, support long-term treatment, and enable digital recordkeeping.
  • Judicial and Probation: Provides legally compliant, objective data for court-mandated sobriety testing, ensuring reliable tracking for offenders and those under supervision.
  • Commercial and Industrial Operations: Enhances workplace safety and regulatory compliance in fleet management, manufacturing, and other critical infrastructure sectors through real-time monitoring and reporting.

Expertise, Experience, and Trustworthiness

Leveraging nearly two decades of experience, SOBR Safe Inc exemplifies operational expertise and technological acumen. Its commitment to integrating #AlcoholDetection #TransdermalTechnology and cloud-based analytics manifests a thorough understanding of industry demands. The company’s systems are developed with precision, ensuring that detection is both humane and effective. With rigorous data-driven methodologies and strong industry partnerships, SOBR Safe Inc has established a reputation based on trust and measurable results, meeting the evolving needs of high-demand sectors.

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SOBR Safe, Inc. (NASDAQ:SOBR) has released empirical data demonstrating the performance of their SOBRcheck™ alcohol detection solutions across three installed customers. The case studies show a 100% pass rate for TerraTech Services, significant growth in monthly scans and pass rate for Big Horn County, Montana, and up to 4x faster throughput at check-in/check-out for Alternatives, Inc. The customer experiences reflect high satisfaction and success with the technology, indicating positive outcomes for the company.
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SOBR Safe, Inc. (SOBR) has released a video update on their next-generation transdermal alcohol detection solutions, presented by Chairman & CEO Dave Gandini.
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SOBR Safe, Inc. (NASDAQ:SOBR) has announced the initiation of SOBRsure sales activities in Australia and New Zealand through an international channel partnership with Drug Testing Business Success. This partnership aims to drive SOBRsure orders through a coalition of suppliers and a dedicated e-commerce website, focusing on behavioral health and justice. Following a 90-day proof-of-concept, SOBRsure has been launched for sale and is in active client use. The company's Chairman and CEO, Dave Gandini, expressed optimism about gaining momentum and demonstrating traction in the behavior health and justice markets in the US.
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SOBR Safe, Inc. (NASDAQ:SOBR) has announced its fourth behavioral health provider, based in Southern California, which is initially installing SOBRcheck™ for point-of-care screening and evaluating SOBRsure™ for continuous monitoring. The company's CEO, Dave Gandini, expressed confidence in the progress within the behavioral health market and believes that these customer commitments could accelerate industry adoption.
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SOBR Safe, Inc. (NASDAQ:SOBR) announced CEO Dave Gandini's participation in the Lytham Partners 2024 Investor Select Conference. The company will host a webcasted fireside chat and one-on-one meetings with investors. The webcast will be available for replay, and management will be participating in virtual one-on-one meetings throughout the event.
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SOBR Safe, Inc. (NASDAQ:SOBR) has been selected by Navix Health as its exclusive alcohol data partner, integrating SOBRsafe's transdermal detection solutions into Navix Hub™. This collaboration aims to advance digital health and enhance patient-centric care by providing touch-based alcohol monitoring for behavioral health facilities. The announcement was made on January 12, 2024, marking a significant milestone for both companies.
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SOBR Safe, Inc. (NASDAQ:SOBR) announced the success of its SOBRsure Wearable Band in outpatient monitoring, with Oceanfront Recovery expanding its use of SOBRcheck to its two inpatient treatment facilities. The company's alcohol detection solutions have been well-received, with positive outcomes and unexpected benefits reported by clients.
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SOBR Safe, Inc. (NASDAQ:SOBR) launches new website and video for its SOBRsure alcohol detection wristband, expanding its market reach to behavioral health, child visitation trust, and parents of teen drivers.
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SOBR Safe, Inc. (NASDAQ:SOBR) announced a new partnership with Jireh Asphalt & Concrete, a regional leader in workplace safety and innovation in the construction industry. Jireh is installing SOBRcheck™ technology at its central work yard in Mukilteo, Washington, to ensure an alcohol-free organization, emphasizing its commitment to safety and preventing accidents.
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SOBR Safe, Inc. (SOBR) has received a Nasdaq deficiency letter due to its stock's closing bid price remaining below $1.00 for 30 consecutive business days. The company has 180 days to achieve 10 consecutive business days of a closing bid price of at least $1.00, with a potential additional 180 days. However, prior to October 3, 2023, SOBRsafe's common stock closed above $1.00 for 181 consecutive business days. The company has approximately $4.1 million of cash on hand and expects an increase in sales activity with the launch of its SOBRsure wearable band. Despite the Nasdaq deficiency, SOBRsafe is not considering a reverse stock split. The company has pivoted its technology towards applications where it can replace legacy solutions one-for-one, such as in behavioral health. SOBRsafe has also made adjustments to its sales organization, product pricing, and distribution solution.
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FAQ

What is the current stock price of Sobr Safe (SOBR)?

The current stock price of Sobr Safe (SOBR) is $0.5834 as of March 10, 2025.

What is the market cap of Sobr Safe (SOBR)?

The market cap of Sobr Safe (SOBR) is approximately 554.1K.

What core technology does SOBR Safe Inc offer?

SOBR Safe Inc offers a non-invasive, touch-based alcohol detection system integrated with a cloud-based software platform for real-time data analytics and identity verification.

Which industries benefit from SOBR Safe Inc's products?

Their solutions are used in behavioral health, judicial monitoring, commercial fleet management, industrial operations, and critical infrastructure applications.

How does the company differentiate its products from traditional alcohol testing methods?

Unlike conventional methods, their technology is non-invasive and contactless, eliminating the need for breath, blood, or urine samples while offering continuous, real-time monitoring.

What are the primary offerings of SOBR Safe Inc?

The company provides products like the point-of-care alcohol detection system and a wearable device for continuous monitoring, supported by a robust, scalable cloud platform.

Where is SOBR Safe Inc headquartered?

The company was founded in 2004 and is headquartered in Colorado.

How does SOBR Safe Inc generate revenue?

Revenue is generated through selling integrated hardware and cloud-based software solutions, along with related services for data collection, reporting, and analysis.

In what ways is the company positioned within the market?

SOBR Safe Inc is strategically positioned to serve regulated sectors requiring reliable and efficient alcohol testing solutions, addressing both compliance and operational efficiency needs.
Sobr Safe Inc

Nasdaq:SOBR

SOBR Rankings

SOBR Stock Data

554.09k
660.46k
4.29%
3.22%
3.98%
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