SaverOne Expands European Reach in Spain and Portugal through a New Distribution Agreement with Sistemas ADAS
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE) has signed a new distribution agreement with Sistemas ADAS to expand its reach in Spain and Portugal. This move is part of SaverOne's global expansion strategy, following recent entries into Italy, Mexico, and several US states.
Sistemas ADAS, a leading distributor of transportation safety solutions, has a strong presence in the bus and truck sectors, having deployed systems in thousands of vehicles across the Iberian Peninsula. The partnership aims to introduce SaverOne's advanced transportation safety solutions to fleets in these markets.
SaverOne's CEO, Ori Gilboa, highlighted the significant market potential in Spain and Portugal, particularly in the public transportation sector. Elías Izquierdo, CEO of Sistemas ADAS, expressed enthusiasm about the partnership's potential to improve road safety across fleets, bus operators, and OEMs in the region.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE) ha firmato un nuovo accordo di distribuzione con Sistemas ADAS per ampliare la sua presenza in Spagna e Portogallo. Questa mossa fa parte della strategia di espansione globale di SaverOne, dopo i recenti ingressi in Italia, Messico e diversi stati americani.
Sistemas ADAS, un distributore leader di soluzioni per la sicurezza nei trasporti, ha una forte presenza nei settori degli autobus e dei camion, avendo implementato sistemi in migliaia di veicoli su tutta la Penisola Iberica. La partnership mira a introdurre le soluzioni avanzate per la sicurezza nei trasporti di SaverOne nelle flotte di questi mercati.
Il CEO di SaverOne, Ori Gilboa, ha evidenziato il significativo potenziale di mercato in Spagna e Portogallo, particolarmente nel settore del trasporto pubblico. Elías Izquierdo, CEO di Sistemas ADAS, ha espresso entusiasmo riguardo al potenziale della partnership di migliorare la sicurezza stradale tra le flotte, gli operatori di autobus e le case produttrici nella regione.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE) ha firmado un nuevo acuerdo de distribución con Sistemas ADAS para expandir su alcance en España y Portugal. Este movimiento es parte de la estrategia de expansión global de SaverOne, tras las recientes entradas en Italia, México y varios estados de EE.UU.
Sistemas ADAS, un distribuidor líder de soluciones de seguridad en el transporte, tiene una fuerte presencia en los sectores de autobuses y camiones, habiendo desplegado sistemas en miles de vehículos a lo largo de la Península Ibérica. La asociación tiene como objetivo introducir las avanzadas soluciones de seguridad en el transporte de SaverOne en las flotas de estos mercados.
El CEO de SaverOne, Ori Gilboa, destacó el significativo potencial de mercado en España y Portugal, especialmente en el sector del transporte público. Elías Izquierdo, CEO de Sistemas ADAS, expresó su entusiasmo sobre el potencial de la asociación para mejorar la seguridad vial entre las flotas, los operadores de autobuses y los fabricantes en la región.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE)는 새로운 유통 계약을 체결했습니다 Sistemas ADAS와 함께 스페인과 포르투갈에서의 사업 확장을 위해. 이 결정은 SaverOne의 글로벌 확장 전략의 일환으로, 최근 이탈리아, 멕시코 및 여러 미국 주에 진입한 데 따른 것입니다.
Sistemas ADAS는 교통 안전 솔루션의 주요 유통업체로, 버스 및 트럭 부문에서 강력한 입지를 가지고 있습니다 수천 대의 차량에 시스템을 배포하였습니다. 이 파트너십은 SaverOne의 고급 교통 안전 솔루션을 이 시장의 차량에 도입하는 것을 목표로 합니다.
SaverOne의 CEO인 Ori Gilboa는 스페인과 포르투갈의 시장 잠재력을 강조하였으며, 특히 대중 교통 부문에서 그러합니다. Sistemas ADAS의 CEO인 Elías Izquierdo는 이 파트너십이 해당 지역의 차량, 버스 운영자 및 OEM의 도로 안전을 향상시킬 수 있는 가능성에 대해 열정을 표현했습니다.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE) a signé un nouvel accord de distribution avec Sistemas ADAS pour étendre sa portée en Espagne et au Portugal. Ce mouvement fait partie de la stratégie d'expansion mondiale de SaverOne, suite aux récentes entrées en Italie, au Mexique et dans plusieurs États américains.
Sistemas ADAS, un distributeur leader de solutions de sécurité routière, a une forte présence dans les secteurs des bus et des camions, ayant déployé des systèmes dans des milliers de véhicules à travers la péninsule ibérique. Ce partenariat vise à introduire les solutions avancées de sécurité routière de SaverOne dans les flottes de ces marchés.
Le PDG de SaverOne, Ori Gilboa, a souligné le potentiel considérable du marché en Espagne et au Portugal, notamment dans le secteur des transports publics. Elías Izquierdo, PDG de Sistemas ADAS, a exprimé son enthousiasme quant au potentiel de ce partenariat pour améliorer la sécurité routière au sein des flottes, des opérateurs de bus et des fabricants de la région.
SaverOne 2014 (Nasdaq: SVRE, TASE: SVRE) hat einen neuen Vertriebsvertrag unterzeichnet mit Sistemas ADAS, um seine Reichweite in Spanien und Portugal zu erweitern. Dieser Schritt ist Teil von SaverOnes globaler Expansionsstrategie, nach den jüngsten Eintritten in Italien, Mexiko und mehreren US-Bundesstaaten.
Sistemas ADAS, ein führender Anbieter von Verkehrssicherheitslösungen, hat eine starke Präsenz im Bus- und Lkw-Sektor und hat Systeme in Tausenden von Fahrzeugen auf der Iberischen Halbinsel installiert. Die Partnerschaft zielt darauf ab, die fortschrittlichen Verkehrssicherheitslösungen von SaverOne in diesen Märkten in Flotten einzuführen.
Der CEO von SaverOne, Ori Gilboa, hob das beträchtliche Markpotential in Spanien und Portugal hervor, insbesondere im öffentlichen Verkehrssektor. Elías Izquierdo, CEO von Sistemas ADAS, äußerte Begeisterung über das Potenzial der Partnerschaft zur Verbesserung der Verkehrssicherheit in den Flotten, bei Busbetreibern und OEMs in der Region.
- Expansion into new European markets (Spain and Portugal)
- Partnership with established regional distributor Sistemas ADAS
- Access to Sistemas ADAS' extensive network in bus and truck sectors
- Potential growth in public transportation safety solutions market
- None.
Insights
This distribution agreement with Sistemas ADAS marks a significant expansion for SaverOne into the Spanish and Portuguese markets, potentially boosting its European presence. The partnership leverages Sistemas ADAS' established network in the bus and truck sectors, which could accelerate SaverOne's market penetration.
Key points to consider:
- Spain and Portugal have substantial public transportation sectors, presenting a large addressable market for SaverOne's safety solutions.
- Sistemas ADAS' experience in deploying systems across thousands of vehicles suggests a robust distribution channel.
- This agreement follows SaverOne's recent expansions into Italy, Mexico and certain US states, indicating an aggressive global growth strategy.
While this partnership shows promise, investors should note that the financial impact remains uncertain without specific revenue projections or contract values. The success will depend on the rate of adoption and the effectiveness of Sistemas ADAS' distribution efforts.
SaverOne's expansion through this distribution agreement is strategically sound from a technological perspective. The company's advanced transportation safety solutions align well with the growing demand for Advanced Driver Assistance Systems (ADAS) and telematics in the commercial vehicle sector.
Key technological considerations:
- Integration with existing fleet management systems will be important for adoption.
- The effectiveness of SaverOne's technology in reducing driver distractions could set it apart in a competitive market.
- Potential for customization to meet specific regional requirements in Spain and Portugal.
The partnership with a distributor experienced in ADAS deployment suggests a good fit for SaverOne's technology. However, the success will hinge on how well the technology performs in real-world conditions across various vehicle types and operating environments in these new markets.
SaverOne accelerates its European expansion as part of its global growth strategy
Petah Tikvah, Israel, Oct. 09, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions, announced today the signing of a new distribution agreement in Spain and Portugal with Sistemas ADAS, a leading distributor in transportation safety solutions, advanced driver assistance systems (ADAS) and telematics. This new distribution agreement marks a further step in SaverOne’s global expansion strategy, following its recent market entry into Italy and Mexico, and distribution agreement covering several US states.
Spain and Portugal represent substantial growth opportunities for SaverOne. Sistemas ADAS has a strong market presence, particularly in the bus and truck sectors, having deployed various systems in thousands of vehicles across Spain and Portugal. The agreement aims to leverage Sistemas ADAS' extensive network to introduce SaverOne’s solutions to fleets across Spain and Portugal.
“We are pleased to have closed this key distribution agreement with Sistemas ADAS, a leading regional player, marking another step forward in our ongoing international expansion strategy,” said Ori Gilboa, CEO of SaverOne. “Spain and Portugal represent significant markets for SaverOne, with a robust public transportation sector in need of cutting-edge safety solutions. Sistemas ADAS has proven its capability and reliability in deploying advanced safety systems, and we look forward to working with them to accelerate our growth in these key markets.”
Elías Izquierdo, CEO of Sistemas ADAS, added: “We are proud to partner with SaverOne and bring their innovative driver safety solutions to our clients in Spain and Portugal. The potential to improve road safety across fleets, bus operators and OEMs in these regions is immense, and we are excited to play a role in this important mission.”
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 mobile phones 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 supports 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/
About Sistemas ADAS:
In Sistemas ADAS, always with the focus on the Vision Zero Accidents, Zero Victims, we work on the selection and advisory of the best technologies available, to offer the market the solution to the accident rate in their fleets, and one of the keys to reducing operating costs.
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 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 ability to expand its presence in Spain and Portugal; 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 SaverOne’s products or technology; SaverOne’s plan to seek patent, trademark and other intellectual property rights for SaverOne’s 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 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 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 the Company’s belief that it maintains 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
FAQ
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