SaverOne to Deploy Driver Safety Systems Across Oz Group’s Fleet
SaverOne (Nasdaq: SVRE, TASE: SVRE) has signed an agreement with Oz Group to install its driver safety systems across a fleet of 100 vehicles. The deployment will begin with 30 systems in trucks, gradually expanding to cover the entire fleet including private cars. Oz Group operates in industrial, construction, and real estate sectors. The implementation aims to enhance fleet safety by reducing driver distraction risks.
SaverOne (Nasdaq: SVRE, TASE: SVRE) ha firmato un accordo con Oz Group per installare i suoi sistemi di sicurezza per conducenti su una flotta di 100 veicoli. L'implementazione inizierà con 30 sistemi sui camion, espandendosi progressivamente per coprire l'intera flotta, comprese le auto private. Oz Group opera nei settori industriale, edile e immobiliare. L'obiettivo dell'implementazione è migliorare la sicurezza della flotta riducendo i rischi di distrazione dei conducenti.
SaverOne (Nasdaq: SVRE, TASE: SVRE) ha firmado un acuerdo con Oz Group para instalar sus sistemas de seguridad para conductores en una flota de 100 vehículos. La implementación comenzará con 30 sistemas en camiones, expandiéndose gradualmente para cubrir toda la flota, incluidas las automóviles privados. Oz Group opera en los sectores industrial, de construcción e inmobiliario. El objetivo de la implementación es mejorar la seguridad de la flota reduciendo los riesgos de distracción de los conductores.
SaverOne (Nasdaq: SVRE, TASE: SVRE)이 Oz Group과 100대 차량의 운전 안전 시스템 설치 계약을 체결했습니다. 시스템 도입은 트럭에 30개 시스템으로 시작되어, 점진적으로 전체 플릿을 포함한 개인 차량으로 확대될 예정입니다. Oz Group은 산업, 건설 및 부동산 분야에서 활동하고 있습니다. 이번 구현의 목표는 운전자의 주의 산만 위험을 줄여 플릿 안전을 향상시키는 것입니다.
SaverOne (Nasdaq: SVRE, TASE: SVRE) a signé un accord avec Oz Group pour installer ses systèmes de sécurité pour conducteurs sur une flotte de 100 véhicules. Le déploiement commencera avec 30 systèmes dans des camions, s'étendant progressivement pour couvrir l'ensemble de la flotte, y compris les voitures particulières. Oz Group opère dans les secteurs industriel, de la construction et de l'immobilier. L'objectif de cette mise en œuvre est d'améliorer la sécurité de la flotte en réduisant les risques de distraction des conducteurs.
SaverOne (Nasdaq: SVRE, TASE: SVRE) hat eine Vereinbarung mit Oz Group unterzeichnet, um seine Fahrersicherheitssysteme in einer Flotte von 100 Fahrzeugen zu installieren. Die Implementierung beginnt mit 30 Systemen in Lastwagen und wird schrittweise auf die gesamte Flotte, einschließlich privater Autos, ausgeweitet. Oz Group ist in den Bereichen Industrie, Bauwesen und Immobilien tätig. Das Ziel der Implementierung ist es, die Sicherheit der Flotte zu verbessern, indem die Risiken von Fahrerdistraktionen verringert werden.
- New contract secured for 100 system installations
- Initial deployment of 30 systems confirmed
- Expansion into industrial and construction sectors
- Phased implementation suggests delayed revenue recognition
- Small contract size relative to market potential
100 SaverOne Systems will be installed in Oz Group Trucks and Cars
Petah Tikvah, Israel, Jan. 30, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a leading innovator in transportation safety technology, announces the signing of an agreement with Oz Group, a group of companies providing goods and services to the industrial, construction, and real estate sectors.
Under the agreement, SaverOne Systems will be deployed across Oz Group’s fleet of 100 vehicles, including both trucks and private cars. The initial phase of deployment will include 30 systems installed in the company’s trucks, with plans for expansion to the entire fleet over time.
Mr. Ori Gilboa, CEO of SaverOne commented, “We are excited to collaborate with Oz Group and provide our cutting-edge safety technology to enhance the safety of their fleet. This agreement reflects the growing recognition of SaverOne’s ability to mitigate the risks of driver distraction, especially in industries where safety is paramount. We are proud to support Oz Group in their efforts to improve safety for both drivers and other road users.”
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 the Oz Group and to market and sell its products generally; 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 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
How many SaverOne systems will be installed in Oz Group's fleet?
What is the initial deployment phase for SVRE systems in Oz Group?
Which sectors does Oz Group operate in for SVRE's safety systems?
When will SaverOne (SVRE) complete the full deployment for Oz Group?
