SaverOne Signs Contract to Install its Systems on 300 Buses of Leading Israeli Transportation Company Bon Tour

Rhea-AI Summary

SaverOne 2014 Ltd. (SVRE) has announced a significant order of 300 SaverOne Systems from Bon Tour, one of the leading private transit companies in Israel. The initial installation of 50 systems will be followed by an additional 250 systems. The CEO, Ori Gilboa, expressed satisfaction with the order, highlighting the strategic value of the new support for SaverOne's solution in combating driver distraction.

Insights

Market Research Analyst

The announcement by SaverOne 2014 Ltd. regarding the acquisition of a new customer, Bon Tour, with a significant order for 300 SaverOne Systems, represents a strategic expansion in the company's client base. This partnership with one of Israel's leading private transit companies not only bolsters SaverOne's market presence but also serves as a strong endorsement of its transportation safety solutions. The initial installation of 50 systems, followed by an additional 250, implies a phased adoption strategy, which could pave the way for future orders contingent on the systems' performance and client satisfaction.

Investors should note the potential for increased revenue streams from such large-scale orders. Furthermore, the collaboration with a high-profile client like Bon Tour could act as a catalyst for additional sales, as success in this venture may lead to further market penetration and possibly trigger interest from other transit companies, both within and outside of Israel. The long-term implications for SaverOne's growth trajectory and stock valuation could be significant if the company continues to secure similar deals and if the SaverOne Systems prove effective in improving transportation safety.

Financial Analyst

The securing of a substantial order from Bon Tour is a positive indicator of SaverOne's financial health and future prospects. It's important to assess the impact of this deal on the company's revenue and earnings per share (EPS). With the installation of 300 systems, SaverOne is likely to see a considerable uptick in its short-term revenues, which could enhance its financial statements in the upcoming quarters. This deal may also reflect favorably in the company's stock price as the market often reacts positively to news of new customer acquisitions and expanded market share.

However, investors should consider the cost implications of fulfilling large orders, including potential increases in manufacturing and operational expenditures. It is also critical to evaluate the company's capacity to scale up production without compromising quality, as this could affect long-term profitability and customer retention. SaverOne's ability to efficiently manage supply chain and delivery logistics will be crucial in maintaining profit margins and meeting investor expectations.

Transportation Safety Expert

The adoption of SaverOne Systems by Bon Tour underscores the importance of advanced safety solutions in the transportation industry. SaverOne's technology, designed to combat driver distraction, is becoming increasingly relevant as road safety becomes a paramount concern for transit companies. The effectiveness of such systems in reducing accidents and enhancing passenger safety can have far-reaching implications, potentially influencing regulatory policies and insurance premiums for transportation companies.

As Bon Tour operates a significant number of vehicles, the impact of SaverOne's technology on accident rates and driver behavior will be a critical metric to monitor. Successful implementation could serve as a case study for the industry, potentially leading to higher standards for transportation safety and increased demand for similar technologies. This would not only benefit public safety but also create a competitive advantage for SaverOne in the market for transportation safety solutions.

PETAH TIKVAH, Israel, Jan. 31, 2024 /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a technology company engaged in advanced transportation safety solutions, today announced that it has secured a new customer, Bon Tour, with a significant order of 300 SaverOne Systems. In the coming month, 50 systems will be installed on Bon Tour's various buses and minibuses, and following that, a further 250 systems are expected to be installed.

 

 

Bon Tour is one of the leading private transit companies in Israel, operating hundreds of buses and providing transportation solutions and travel services to some of the largest companies in the country. Among Bon Tour's customers are government offices, municipalities and councils, institutions and hospitals, factories, tourism bodies, as well as private customers.

Mr. Ori Gilboa, CEO of SaverOne, commented, "We are very pleased with this sizable order and new customer win, with one of Israel's leading transportation companies. Given the pervasiveness of their buses on Israeli roads, we see strong strategic value in the new support from a well-known transportation brand for SaverOne's solution to combat driver distraction. This win is a further testament to the increasing traction that our solution is gaining."

About the SaverOne System
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 while driving, in a way that endangers their safety and the safety of their passengers. 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 $870 billion each year, excluding the costs of serious injury or death, with a quarter of those accidents estimated to be related to the use of the mobile phones while driving. SaverOne's technology specifically recognizes the driver area in the vehicle and prevents the driver from accessing distracting applications such as messaging, while allowing others (e.g. navigation, calls), without the need for user intervention or consent, creating a safer driving environment.

SaverOne's primary target markets include commercial and private vehicle fleets 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.  

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 – the DDPS (Driver Distraction Presentation Solution) 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, 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 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; 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 April 27, 2023 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 

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SOURCE SaverOne

FAQ

What is the recent announcement by SaverOne 2014 Ltd. (SVRE)?

SaverOne 2014 Ltd. (SVRE) has secured a new customer, Bon Tour, with a significant order of 300 SaverOne Systems.

Who is the new customer that SaverOne 2014 Ltd. (SVRE) has secured?

The new customer is Bon Tour, one of the leading private transit companies in Israel.

How many systems are included in the order secured by SaverOne 2014 Ltd. (SVRE)?

The order includes 300 SaverOne Systems.

What did the CEO of SaverOne 2014 Ltd. (SVRE) comment on the new order?

Mr. Ori Gilboa expressed satisfaction with the order, highlighting the strategic value of the new support for SaverOne's solution in combating driver distraction.