Global Food Manufacturer Adopts SaverOne System for Supply Chain Truck Protection
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE), a transportation safety solutions company, has announced a new order for its SaverOne Systems from the Israeli subsidiary of a leading global food manufacturer. Following a successful pilot, the customer ordered the installation of SaverOne Systems on 46 trucks in their supply chain fleet. This order comes after the customer recently contracted SaverOne to install systems across their full fleet of employee vehicles in Israel.
CEO Ori Gilboa highlighted the order's significance in validating SaverOne's growth strategy and its potential for international expansion. The SaverOne System aims to protect the customer's supply chain from disruptions caused by driver distraction-related accidents. The company sees this as an opportunity to further penetrate the customer's global organization and expand to additional subsidiaries worldwide.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE), un'azienda che offre soluzioni per la sicurezza nei trasporti, ha annunciato un nuovo ordine per i suoi Sistemi SaverOne dalla filiale israeliana di un importante produttore alimentare globale. Dopo un pilota di successo, il cliente ha ordinato l'installazione dei Sistemi SaverOne su 46 camion nella loro flotta di approvvigionamento. Questo ordine arriva dopo che il cliente ha recentemente incaricato SaverOne di installare i sistemi su tutti i veicoli aziendali in Israele.
Il CEO Ori Gilboa ha sottolineato l'importanza di questo ordine nel convalidare la strategia di crescita di SaverOne e il suo potenziale di espansione internazionale. Il Sistema SaverOne mira a proteggere la catena di approvvigionamento del cliente dalle interruzioni causate da incidenti dovuti alla distrazione del conducente. L'azienda vede questo come un'opportunità per penetrare ulteriormente nell'organizzazione globale del cliente ed espandersi in ulteriori filiali in tutto il mondo.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE), una empresa de soluciones de seguridad en el transporte, ha anunciado un nuevo pedido para sus Sistemas SaverOne por parte de la filial israelí de un importante fabricante de alimentos global. Tras un piloto exitoso, el cliente ordenó la instalación de los Sistemas SaverOne en 46 camiones de su flota de cadena de suministro. Este pedido se produce después de que el cliente contratara recientemente a SaverOne para instalar sistemas en toda su flota de vehículos de empleados en Israel.
El CEO Ori Gilboa destacó la importancia de este pedido al validar la estrategia de crecimiento de SaverOne y su potencial para la expansión internacional. El Sistema SaverOne tiene como objetivo proteger la cadena de suministro del cliente de interrupciones causadas por accidentes relacionados con la distracción del conductor. La empresa ve esto como una oportunidad para penetrar más en la organización global del cliente y expandirse a filiales adicionales en todo el mundo.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE)은 운송 안전 솔루션 회사로, 세계적인 식품 제조업체의 이스라엘 자회사로부터 SaverOne 시스템에 대한 신규 주문을 발표했습니다. 성공적인 파일럿 이후, 고객은 공급망 플릿의 46대 트럭에 SaverOne 시스템 설치를 주문했습니다. 이 주문은 고객이 최근 SaverOne에 이스라엘 내 모든 직원 차량에 시스템 설치를 계약한 후 이루어졌습니다.
CEO 오리 길보아는 이 주문이 SaverOne의 성장 전략을 검증하고 국제적 확장 가능성을 확립하는 데 중요하다고 강조했습니다. SaverOne 시스템은 고객의 공급망을 운전자의 방해로 인한 사고로부터 보호하는 것을 목표로 하고 있습니다. 이 회사는 이를 통해 고객의 글로벌 조직에 더 깊이 침투하고 세계 여러 자회사로 확장할 수 있는 기회로 보고 있습니다.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE), une entreprise spécialisée dans les solutions de sécurité dans le transport, a annoncé une nouvelle commande pour ses systèmes SaverOne de la filiale israélienne d'un important fabricant mondial de produits alimentaires. Suite à un pilote réussi, le client a ordonné l'installation des systèmes SaverOne sur 46 camions dans sa flotte de chaîne d'approvisionnement. Cette commande arrive après que le client a récemment engagé SaverOne pour installer des systèmes sur l'ensemble de sa flotte de véhicules de société en Israël.
Le PDG Ori Gilboa a souligné l'importance de cette commande pour valider la stratégie de croissance de SaverOne et son potentiel d'expansion internationale. Le système SaverOne vise à protéger la chaîne d'approvisionnement du client contre les perturbations causées par des accidents liés à la distraction du conducteur. L'entreprise voit cela comme une opportunité de pénétrer davantage dans l'organisation mondiale du client et de s'étendre à d'autres filiales à travers le monde.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE), ein Unternehmen für Sicherheitslösungen im Transportwesen, hat eine neue Bestellung seiner SaverOne-Systeme von der israelischen Tochtergesellschaft eines führenden globalen Lebensmittelherstellers angekündigt. Nach einem erfolgreichen Pilotprojekt bestellte der Kunde die Installation der SaverOne-Systeme auf 46 Lastwagen in seiner Lieferkettenflotte. Diese Bestellung erfolgt, nachdem der Kunde kürzlich SaverOne beauftragt hat, Systeme in seiner gesamten Fahrzeugflotte für Mitarbeiter in Israel zu installieren.
CEO Ori Gilboa hob die Bedeutung der Bestellung hervor, da sie die Wachstumsstrategie von SaverOne und das Potenzial für internationale Expansion validiert. Das SaverOne-System zielt darauf ab, die Lieferkette des Kunden vor Störungen zu schützen, die durch Unfälle aufgrund von Ablenkungen des Fahrers verursacht werden. Das Unternehmen sieht dies als Gelegenheit, weiter in die globale Organisation des Kunden einzudringen und sich auf zusätzliche Tochtergesellschaften weltweit auszuweiten.
- Successful completion of pilot leading to a new order for 46 trucks
- Expansion of existing customer relationship from employee vehicles to supply chain trucks
- Potential for international growth with a leading global food manufacturer
- Validation of SaverOne's growth strategy
- None.
Insights
The adoption of SaverOne's system by a subsidiary of a leading global food manufacturer marks a significant milestone for the company's growth strategy. This development could have several implications for SaverOne and the broader market:
- Validation of Technology: The successful pilot and subsequent order of 46 systems demonstrate the effectiveness of SaverOne's solution in real-world applications. This validation could attract more customers in the food and beverage industry.
- Potential for Expansion: With the customer being a subsidiary of a global food manufacturer, there's substantial international growth potential. If SaverOne can leverage this relationship to expand into other subsidiaries worldwide, it could lead to exponential growth.
- Market Differentiation: By focusing on supply chain protection, SaverOne is addressing a critical need in the transportation industry. This approach could set them apart in the competitive landscape of transportation safety solutions.
- Industry Trend Indicator: This adoption might signal a growing trend in the food manufacturing sector towards investing in advanced safety technologies for their supply chains. Other companies in the industry might follow suit to remain competitive.
While this order is promising, investors should consider that the current impact on SaverOne's financials may be . The true value lies in the potential for future expansion within the customer's global organization. Monitoring SaverOne's ability to capitalize on this opportunity will be important for assessing its long-term growth prospects.
SaverOne's system represents a cutting-edge approach to addressing the pervasive issue of driver distraction in the transportation industry. Here's a technical breakdown of its potential impact:
- Targeted Solution: Unlike general-purpose safety systems, SaverOne's technology specifically tackles smartphone-related distractions. This focused approach could yield higher efficacy rates in preventing accidents.
- Scalability: The system's ability to be installed across various vehicle types - from employee cars to supply chain trucks - demonstrates its versatility. This scalability is important for widespread adoption.
- Integration Capabilities: The successful pilot suggests that SaverOne's system can integrate seamlessly with existing fleet management systems. This compatibility is essential for adoption in complex supply chain operations.
- Data Potential: While not explicitly mentioned, such systems often collect valuable data on driver behavior and potential safety incidents. This data could be leveraged for further improvements in safety protocols and even insurance purposes.
From a technological standpoint, SaverOne's system appears to be at the forefront of addressing a critical safety issue. However, as with any tech solution, its long-term success will depend on factors such as reliability, ease of use and the ability to stay ahead of evolving smartphone technologies. Investors should keep an eye on SaverOne's R&D efforts to ensure the technology remains cutting-edge in this fast-paced sector.
New order for SaverOne Systems by the Israeli subsidiary of a leading global food manufacturer with strong international growth potential
Petah Tikvah, Israel, July 31, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in disruptive transportation safety solutions, today announced the successful completion of a pilot of SaverOne Systems’ on the customer’s trucks, an integral part of their supply chain in Israel. The customer subsequently ordered the SaverOne System, which will be installed on 46 trucks.
The customer is the Israeli subsidiary of one of the world’s top food manufacturers and recently signed a contract with SaverOne to install SaverOne systems across their full fleet of employee vehicles in Israel.
Mr. Ori Gilboa, CEO of SaverOne commented, “We are pleased that our pilot installation in which the customer tested every aspect of the system has led to this key order. This new order validates our growth strategy of cementing relationships with some of the world’s leading companies. The customer’s supply chain will be better protected from disruption due to accidents caused by driver distraction. Most importantly there remains strong international growth potential for SaverOne with this customer. We aim to further penetrate the customer’s global organization bringing our solution to the trucks of their additional subsidiaries throughout the world.”
About SaverOne’s Systems
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, the safety of their passengers and others on the road. 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
SaverOne’s primary target markets include commercial and private vehicle fleets, including public transportation and buses, 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.
SaverOne has developed a Vulnerable Road User (VRU) solution with the potential to significantly enhance the performance of Advanced Driver Assistance System (ADAS) sensors through a superior ability to deal with NLoS (non-line of sight) situations as well as adverse weather conditions and low-visibility. SaverOne’s technology identifies the exact location and direction of movement of the VRU via their RF footprint from their cellphone signal. This safety solution enables the avoidance of a collision by early detection VRUs such as pedestrians or cyclists in the vicinity of the vehicle.
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 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, growth, 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 SaverOne’s technology to substantially improve the safety of drivers; market acceptance of SaverOne’s protection solutions; SaverOne’s realization of the international growth potential with this and other customers; SaverOne’s ability to penetrate this and other customer’s global organization with its solution; SaverOne’s planned level of revenues and capital expenditures; SaverOne’s ability to market and sell its products; SaverOne’s 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 that it will conduct business to distribute our products or technology; SaverOne’s plan to seek patent, trademark and other intellectual property rights for our products and technologies in the United States and internationally, as well as its ability to maintain and protect the validity of its currently held intellectual property rights; SaverOne’s expectations regarding future changes in its cost of revenues and our operating expenses; interpretations of current laws and the passage of future laws; acceptance of SaverOne’s business model by investors; the ability to correctly identify and enter new markets; the success of the IVECO POC Product; 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 our belief that we maintain good relations with all of its employees; any resurgence of the COVID-19 pandemic and its impact on SaverOne’s business and industry; security, political and economic instability in the Middle East that could harm SaverOne’s business, including due to the current war between Israel and Hamas; 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 March 25, 2024 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
FAQ
What is the new order received by SaverOne (SVRE) for its SaverOne Systems?
How does the SaverOne System benefit the customer's supply chain?
What is SaverOne's (SVRE) growth strategy as mentioned in the press release?
What previous contract did SaverOne (SVRE) have with this customer?
