SaverOne Continues to Expand its Global Reach with New Distribution Agreement with Smartfits in the UK
SaverOne (Nasdaq: SVRE) has signed a new distribution agreement with Smartfits Installations to introduce its driver distraction prevention technology to fleets across the United Kingdom. Smartfits, located in Burton on Trent, specializes in fleet safety and technology integrations for logistics, public transport, and corporate fleets.
The partnership is part of SaverOne's strategic global expansion plan, building on recent success in European markets. The UK fleet market, comprising over five million vehicles, presents significant growth potential for safety-enhancing technologies, driven by increasing regulatory focus and rising costs of distraction-related accidents.
SaverOne (Nasdaq: SVRE) ha firmato un nuovo accordo di distribuzione con Smartfits Installations per introdurre la sua tecnologia di prevenzione delle distrazioni alla guida nelle flotte del Regno Unito. Smartfits, situata a Burton on Trent, è specializzata nella sicurezza delle flotte e nelle integrazioni tecnologiche per logistica, trasporto pubblico e flotte aziendali.
Questa partnership fa parte del piano strategico di espansione globale di SaverOne, basato sul recente successo nei mercati europei. Il mercato delle flotte nel Regno Unito, composto da oltre cinque milioni di veicoli, presenta un potenziale di crescita significativo per le tecnologie che migliorano la sicurezza, grazie all'aumento della regolamentazione e ai costi in crescita degli incidenti legati alle distrazioni.
SaverOne (Nasdaq: SVRE) ha firmado un nuevo acuerdo de distribución con Smartfits Installations para introducir su tecnología de prevención de distracciones al volante en las flotas del Reino Unido. Smartfits, ubicada en Burton on Trent, se especializa en la seguridad de flotas e integraciones tecnológicas para logística, transporte público y flotas corporativas.
La asociación es parte del plan estratégico de expansión global de SaverOne, que se basa en el reciente éxito en los mercados europeos. El mercado de flotas del Reino Unido, que comprende más de cinco millones de vehículos, presenta un potencial de crecimiento significativo para tecnologías que mejoran la seguridad, impulsado por un enfoque regulatorio cada vez mayor y el aumento de los costos de accidentes relacionados con distracciones.
세이버원 (Nasdaq: SVRE)는 스마트피츠 설치와 새로운 배급 계약을 체결하고, 영국의 플릿에 운전 중 주의 산만 방지 기술을 도입할 예정이다. 버턴온트렌트에 위치한 스마트피츠는 물류, 대중교통 및 기업 차량에 대한 플릿 안전 및 기술 통합을 전문으로 하고 있다.
이번 파트너십은 최근 유럽 시장에서의 성공을 바탕으로 한 세이버원의 전략적 글로벌 확장 계획의 일환이다. 영국 플릿 시장은 500만 대 이상의 차량으로 구성되어 있어 안전 기술을 향상시키기 위한 상당한 성장 가능성을 제공하며, 이는 규제 강화와 주의 산만 사고의 증가하는 비용에 의해 촉진되고 있다.
SaverOne (Nasdaq: SVRE) a signé un nouvel accord de distribution avec Smartfits Installations pour introduire sa technologie de prévention des distractions au volant dans les flottes à travers le Royaume-Uni. Smartfits, situé à Burton on Trent, se spécialise dans la sécurité des flottes et les intégrations technologiques pour la logistique, le transport public et les flottes d'entreprise.
Ce partenariat fait partie du plan stratégique d'expansion mondiale de SaverOne, s'appuyant sur le succès récent sur les marchés européens. Le marché des flottes au Royaume-Uni, qui comprend plus de cinq millions de véhicules, présente un potentiel de croissance significatif pour les technologies améliorant la sécurité, renforcé par une attention réglementaire croissante et des coûts en hausse liés aux accidents dus à des distractions.
SaverOne (Nasdaq: SVRE) hat einen neuen Vertriebsvertrag mit Smartfits Installations unterzeichnet, um seine Technologie zur Verhinderung von Ablenkungen beim Fahren in Flotten im Vereinigten Königreich einzuführen. Smartfits, mit Sitz in Burton on Trent, ist auf die Sicherheit von Flotten und technologische Integrationen für Logistik, öffentlichen Transport und Unternehmensflotten spezialisiert.
Die Partnerschaft ist Teil des strategischen globalen Expansionsplans von SaverOne, der auf dem jüngsten Erfolg in den europäischen Märkten aufbaut. Der Flottenmarkt im Vereinigten Königreich, der aus über fünf Millionen Fahrzeugen besteht, bietet ein erhebliches Wachstumspotenzial für technologiesichere Lösungen, gestärkt durch zunehmende regulatorische Anforderungen und steigende Kosten durch ablenkungsbedingte Unfälle.
- Expansion into UK market through new distribution partnership
- Access to large market potential with over 5 million fleet vehicles in UK
- Strategic alignment with recent European market expansion success
- None.
Insights
The UK fleet market presents a substantial opportunity with over 5 million vehicles, making this distribution agreement strategically significant. The UK's stringent regulatory environment and growing emphasis on fleet safety create favorable market conditions for SaverOne's technology adoption. Smartfits' established presence in key sectors like logistics and public transport provides SaverOne with immediate access to high-value customer segments. While the initial revenue impact may be gradual, the partnership could accelerate SVRE's European market penetration strategy. However, success will largely depend on Smartfits' ability to effectively market and integrate the technology, as well as fleet operators' willingness to invest in additional safety solutions amid current economic pressures.
SaverOne's driver distraction prevention technology addresses a critical safety gap in the fleet management sector. The solution's ability to selectively prevent mobile phone distractions while driving represents a technological advancement over traditional policy-based approaches. Integration with Smartfits' existing fleet safety systems could create valuable synergies and enhance the overall value proposition. The UK market's sophisticated telematics infrastructure and high smartphone penetration rate provide a solid foundation for deployment. However, successful implementation will require careful attention to compatibility with various vehicle types and mobile devices, as well as compliance with local telecommunications regulations.
Petah Tikvah, Israel, Dec. 17, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions, today announced it has signed a new distribution agreement with Smartfits Installations Ltd. (Smartfits) to bring its driver distraction prevention technology to fleets across the United Kingdom.
Smartfits, based in Burton on Trent, central England, specializes in fleet safety and technology integrations, serving a diverse range of industries including logistics, public transport and corporate fleets.
Mr. Ori Gilboa, CEO of SaverOne, commented, “We are excited to partner with Smartfits as we introduce our critical road-safety technology to the UK market. This new partnership reflects Smartfits’ commitment to introducing cutting-edge safety innovations to its customer base and aligns strongly with our mission of enhancing road safety. This new distribution partnership is part of our strategic global expansion plan and builds on our strong recent success in European markets. Smartfits’ expertise and focus on delivering safety-driven solutions to fleet operators makes them an ideal partner. We believe their deep market knowledge and strong distribution capabilities will enable us to address the significant potential demand for driver distraction prevention technology in the UK.”
Ms. Lehanne Hassall, Head of Operations at Smartfits, added, “We are thrilled to build this new collaboration with SaverOne and bring their pioneering solution to customers across the UK. Fleet safety is a top priority for operators, and SaverOne’s technology offers an innovative way to prevent distractions and reduce accidents. Together, we aim to make British roads safer while helping fleets achieve greater efficiency and compliance. We anticipate strong market demand ahead as we launch the product into the UK market and look forward to providing fleets with this groundbreaking technology.”
The UK fleet market, with over five million vehicles, has potential for growth in safety-enhancing technologies, driven by increasing regulatory focus and the rising costs of accidents caused by driver distractions. SaverOne’s solution directly addresses these challenges by preventing mobile phone distractions among drivers, thereby reducing risks and operational costs for fleet operators.
About the SaverOne System
SaverOne's system is installed in vehicles to solve the problem of driver distraction, as a result of drivers using distracting applications on their mobile phones while driving in a way that endangers their safety and the safety of their passengers. This phenomenon is considered one of the leading causes of global road accidents. 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 interested in reducing potential damages and significant costs, vehicle manufacturers interested in integrating safety solutions into their vehicles, and insurance and leasing companies. SaverOne initially addresses car fleets with a focus on the Israeli, European, and US markets and other markets worldwide. SaverOne believes that an increased focus on monitoring and prevention of cellular distraction systems in vehicles, 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 to customers in the aftermarket and address OEM vehicle manufacturers to integrate the Company's protection technologies during the vehicle manufacturing process.
About SaverOne
SaverOne is a technology company that designs, develops, and commercializes OEM and aftermarket solutions and technologies to lower the risk of and prevent vehicle accidents.
SaverOne's initial product line is a suite of solutions that saves lives by preventing car accidents resulting from distraction from using 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, besides those of historical fact, contained in this press release are forward-looking. 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. However, 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 about future events that may not prove accurate. Many factors could cause SaverOne's actual activities or results to differ materially from those anticipated in such forward-looking statements. Factors that could cause 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; SaverOne’s planned level of revenues and capital expenditures and its ability to continue as a going concern; the success of the distribution agreement with Smartfits in the U.K and SaverOne’s ability to further broaden products and services in the UK and the rest of Europe; SaverOne’s ability to maintain its listing on the Nasdaq Capital Market; the ability of SaverOne’s technology to substantially improve the safety of drivers; its ability to market and sell its products; its 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 in which it conducts business to distribute products or technology; SaverOne’s plan to seek patent, trademark and other intellectual property rights for products and technologies in the United States and internationally, as well as its ability to maintain and protect the validity of currently held intellectual property rights; SaverOne’s expectations regarding future changes in its cost of revenues and operating expenses; SaverOne’s expectations regarding its tax classifications; interpretations of current laws and the passage of future laws; acceptance of its 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 SaverOne operates; projected capital expenditures and liquidity; SaverOne’s intention to retain key employees, and its belief that it will maintain good relations with all employees; a resurgence of the COVID-19 pandemic and its impact on business and industry; as well as 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 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 |
FAQ
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