SaverOne Expands Deployment of Driver Safety Solutions in a Global Food Manufacturer’s Employee Car Fleet
SaverOne (Nasdaq: SVRE) announced a follow-on order from a global food manufacturer's subsidiary in Israel for its driver safety solutions. The new deployment extends to the division's employee car fleet, following a successful implementation in trucks and vehicles earlier in 2024. CEO Ori Gilboa highlighted this expansion as evidence of customer trust and the system's effectiveness in reducing driver distraction risks. The company sees this as a demonstration of how successful installations can scale across multiple divisions, with potential for broader adoption within the parent organization globally.
SaverOne (Nasdaq: SVRE) ha annunciato un ordine successivo da una sussidiaria di un produttore alimentare globale in Israele per le sue soluzioni di sicurezza per conducenti. Il nuovo dispiegamento si estende alla flotta di auto aziendali della divisione, a seguito di un'implementazione riuscita in camion e veicoli all'inizio del 2024. Il CEO Ori Gilboa ha evidenziato questa espansione come prova della fiducia dei clienti e dell'efficacia del sistema nel ridurre i rischi di distrazione per i conducenti. L'azienda considera questo come una dimostrazione di come le installazioni di successo possano espandersi su più divisioni, con potenziale per una più ampia adozione all'interno dell'organizzazione madre a livello globale.
SaverOne (Nasdaq: SVRE) anunció un pedido adicional de una subsidiaria de un fabricante de alimentos global en Israel para sus soluciones de seguridad para conductores. La nueva implementación se extiende a la flota de automóviles de empleados de la división, tras una implementación exitosa en camiones y vehículos a principios de 2024. El CEO Ori Gilboa destacó esta expansión como evidencia de la confianza del cliente y la efectividad del sistema para reducir los riesgos de distracción del conductor. La compañía ve esto como una demostración de cómo las instalaciones exitosas pueden escalarse en múltiples divisiones, con potencial para una adopción más amplia dentro de la organización matriz a nivel global.
SaverOne (Nasdaq: SVRE)는 이스라엘의 글로벌 식품 제조업체 자회사로부터 드라이버 안전 솔루션에 대한 후속 주문을 발표했습니다. 이번 새로운 배치는 2024년 초 트럭과 차량에서 성공적인 구현을 거친 후 이 부문의 직원 차량 플릿으로 확대됩니다. CEO Ori Gilboa는 이번 확장을 고객의 신뢰와 드라이버 주의 산만 위험을 줄이는 시스템의 효과를 입증하는 사례로 강조했습니다. 회사는 성공적인 설치가 여러 부문에 걸쳐 확장될 수 있는 방법을 보여주며, 모체 조직 내에서의 더 넓은 채택 가능성을 보고 있습니다.
SaverOne (Nasdaq: SVRE) a annoncé une commande supplémentaire d'une filiale d'un fabricant alimentaire mondial en Israël pour ses solutions de sécurité pour conducteurs. Le nouveau déploiement s'étend à la flotte de voitures de l'employé de la division, suite à une mise en œuvre réussie dans des camions et des véhicules au début de 2024. Le PDG Ori Gilboa a souligné cette expansion comme une preuve de la confiance des clients et de l'efficacité du système pour réduire les risques de distraction des conducteurs. L'entreprise voit cela comme une démonstration de la manière dont les installations réussies peuvent se développer à travers plusieurs divisions, avec un potentiel d'adoption plus large au sein de l'organisation mère à l'échelle mondiale.
SaverOne (Nasdaq: SVRE) gab eine Folgebestellung von einer Tochtergesellschaft eines globalen Lebensmittelherstellers in Israel für seine Fahrersicherheitslösungen bekannt. Die neue Bereitstellung erstreckt sich auf die Dienstwagenflotte der Division, nachdem bereits Anfang 2024 eine erfolgreiche Implementierung in Lastwagen und Fahrzeugen stattfand. CEO Ori Gilboa hob diese Expansion als Beweis für das Kundenvertrauen und die Wirksamkeit des Systems zur Reduzierung von Ablenkungsrisiken für Fahrer hervor. Das Unternehmen sieht dies als einen Beweis dafür, wie erfolgreiche Installationen in mehreren Divisionen skalierbar sind, mit Potenzial für eine breitere Einführung innerhalb der Muttergesellschaft weltweit.
- Secured follow-on order from existing customer, indicating product satisfaction
- Expansion into new division demonstrates scalability potential
- Opportunity for further growth within global parent organization
- Order size and financial terms not disclosed
- to single country subsidiary, not yet penetrated global operations
Insights
The follow-on order from a global food manufacturer represents minimal financial impact given SVRE's
The expansion pattern - from trucks to employee vehicles - suggests a land-and-expand strategy, but execution remains localized. For meaningful revenue impact, SVRE needs to secure enterprise-wide adoption across the parent company's global operations. Current penetration is too shallow to materially affect financials or justify significant stock movement.
For context, SaverOne's revenue was just
SaverOne received a follow-on order reflecting further growth potential within this major international food manufacturer
Petah Tikvah, Israel, Dec. 27, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a leading innovator in transportation safety technology, is pleased to announce an expansion of its deployment within another division of a global food manufacturer’s subsidiary in Israel. This follows the successful implementation of SaverOne Systems in various trucks and vehicles earlier in 2024. This new deployment will be in the fleet of cars used by the employees of the division.
Mr. Ori Gilboa, CEO of SaverOne commented, “We are proud of this customer’s continued trust in our solutions, and we are very pleased to broaden the footprint of our product and services within this company. This new deployment reflects their trust in the effectiveness of the SaverOne System in mitigating the risks of driver distraction, enhancing the safety of both their employee and their supply chain. This order demonstrates how a successful first installation within a large company can scale across multiple divisions, and we see significant potential for further adoption within this company’s Israel division, and ultimately their parent organization, globally.”
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; 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; SaverOne’s ability to broaden the footprint of its product and services within this company and 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; 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
What is the latest expansion announcement for SaverOne (SVRE) in December 2024?
How does the December 2024 order relate to SaverOne's (SVRE) previous deployments?
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What type of vehicles will SaverOne's (SVRE) safety system be installed in with this new order?
