SaverOne signs a Commercial Agreement with a Leading Multinational in the Construction Sector
SaverOne announced signing a commercial agreement with a Spanish subsidiary of a multinational construction company following a successful pilot. The agreement includes the deployment of up to 200 SaverOne systems from a total fleet of 500 vehicles in Spain. The first 100 systems have been shipped and will be installed by mid-December 2024. The customer is a leader in the construction industry with global operations and a fleet of thousands of vehicles. This expansion follows a previous successful implementation in Israel, where the company started with a pilot project two years ago before expanding to their full fleet.
SaverOne ha annunciato di aver firmato un accordo commerciale con una filiale spagnola di un'azienda multilocale di costruzioni, a seguito di un pilota di successo. L'accordo prevede il dispiegamento di fino a 200 sistemi SaverOne da una flotta totale di 500 veicoli in Spagna. I primi 100 sistemi sono stati spediti e saranno installati entro metà dicembre 2024. Il cliente è un leader nel settore delle costruzioni con operazioni a livello globale e una flotta di migliaia di veicoli. Questa espansione segue una precedente implementazione di successo in Israele, dove l'azienda ha iniziato con un progetto pilota due anni fa prima di espandersi all'intera flotta.
SaverOne anunció la firma de un acuerdo comercial con una filial española de una empresa de construcción multinacional tras un piloto exitoso. El acuerdo incluye el despliegue de hasta 200 sistemas SaverOne de una flota total de 500 vehículos en España. Los primeros 100 sistemas han sido enviados y se instalarán para mediados de diciembre de 2024. El cliente es un líder en la industria de la construcción con operaciones globales y una flota de miles de vehículos. Esta expansión sigue a una implementación exitosa previa en Israel, donde la empresa comenzó con un proyecto piloto hace dos años antes de expandir su flota completa.
SaverOne은 성공적인 파일럿 프로젝트를 바탕으로 다국적 건설 회사의 스페인 자회사와 상업 계약을 체결했다고 발표했습니다. 이 계약에는 스페인에서 총 500대의 차량 중 최대 200개의 SaverOne 시스템 배치가 포함되어 있습니다. 첫 번째 100개 시스템이 발송되었으며 2024년 12월 중순까지 설치될 예정입니다. 고객은 전 세계에서 운영되는 차량 수천 대를 보유한 건설 산업의 리더입니다. 이번 확장은 2년 전 파일럿 프로젝트로 시작된 이스라엘에서의 성공적인 구현 이후 이루어졌습니다.
SaverOne a annoncé avoir signé un accord commercial avec une filiale espagnole d'une entreprise de construction multinationale suite à un projet pilote réussi. L'accord inclut le déploiement de jusqu'à 200 systèmes SaverOne d'une flotte totale de 500 véhicules en Espagne. Les premiers 100 systèmes ont été expédiés et seront installés d'ici la mi-décembre 2024. Le client est un leader du secteur de la construction avec des opérations mondiales et une flotte de milliers de véhicules. Cette expansion fait suite à une mise en œuvre réussie précédente en Israël, où l'entreprise a commencé par un projet pilote il y a deux ans avant d'étendre sa flotte entière.
SaverOne gab bekannt, dass ein Handelsvertrag mit einer spanischen Tochtergesellschaft eines multinationalen Bauunternehmens nach einem erfolgreichen Pilotprojekt unterzeichnet wurde. Der Vertrag umfasst die Bereitstellung von bis zu 200 SaverOne-Systemen aus einer Gesamtflotte von 500 Fahrzeugen in Spanien. Die ersten 100 Systeme wurden versandt und sollen bis Mitte Dezember 2024 installiert werden. Der Kunde ist ein führendes Unternehmen in der Bauindustrie mit globalen Aktivitäten und einer Flotte von Tausenden von Fahrzeugen. Diese Erweiterung folgt auf eine vorhergehende erfolgreiche Implementierung in Israel, wo das Unternehmen vor zwei Jahren mit einem Pilotprojekt begann, bevor es auf die gesamte Flotte ausweitete.
- Secured contract for 200 system installations in Spain
- First 100 systems already shipped for December 2024 installation
- Successful expansion from pilot to full fleet implementation
- Strategic entry into important European market
- Potential for further international expansion with same customer
- None.
Insights
This commercial agreement marks a significant milestone in SaverOne's European market expansion. The deal for 200 systems represents about
The construction sector presents a substantial market opportunity, particularly given the industry's focus on safety and regulatory compliance. The customer's global presence, with thousands of vehicles worldwide, offers significant scaling potential. This contract could serve as a reference case for penetrating other European markets and expanding within the construction industry vertical.
200 SaverOne systems to be installed in the subsidiary in Spain
Petah Tikvah, Israel, Nov. 19, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions, today announced that following the press release issued on September 6, 2023, and following the successful completion of a pilot, a commercial agreement was signed with the Spanish subsidiary of a multinational company in the construction sector. Under the agreement, SaverOne will deploy up to 200 SaverOne systems out of the full fleet of 500 vehicles in Spain. The first 100 systems were shipped and will be installed by mid-December 2024.
This multinational company is a leader in the construction industry, with operations and fleets in many countries worldwide. Its extensive transportation network includes maritime and land logistics, supported by a global fleet of thousands of heavy and light vehicles.
Mr. Ori Gilboa, CEO of SaverOne, commented, "This is an important order for SaverOne, equipping a significant truck fleet in Spain, an important European market. Our cooperation with this customer has developed very nicely, starting from a small pilot project in Israel two years ago, broadening to their full fleet there, and now expanding internationally to their Spanish division. We aim to broaden our products and services into this customer further, supporting safer driving in many other countries in which they operate in Europe and America."
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 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 our technology to substantially improve the safety of drivers; our planned level of revenues and capital expenditures and our ability to continue as a going concern; SaverOne’s ability to further broaden our products and services t in Spain and the rest of Europe; our ability to maintain our listing on the Nasdaq Capital Market; the ability of our technology to substantially improve the safety of drivers; our ability to market and sell our products; our plans to continue to invest in research and development to develop technology for both existing and new products; our intention to advance our technologies and commercialization efforts; our intention to use local distributors in each country or region that we will conduct business to distribute our products or technology; our plan to seek patent, trademark and other intellectual property rights for our products and technologies in the United States and internationally, as well as our ability to maintain and protect the validity of our currently held intellectual property rights; our expectations regarding future changes in our cost of revenues and our operating expenses; our expectations regarding our tax classifications; interpretations of current laws and the passage of future laws; acceptance of our 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 we operate; projected capital expenditures and liquidity; our intention to retain key employees, and our belief that we maintain good relations with all of our employees; any resurgence of the COVID-19 pandemic and its impact on our business and industry; 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 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
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