Entire Truck Fleet of Global Manufacturer to Install the SaverOne System

Posted On Nov 28, 2022

PETAH TIKVAH, Israel, Nov 28, 2022 /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a company developing and deploying transportation safety and advanced driver-assistance systems (ADAS) technologies and solutions, today announced that following a successful trial, a leading global chemical manufacturer headquartered in Israel with over fifty production sites across multiple countries will equip its entire fleet of trucks with the SaverOne System to protect against mobile phone-caused distraction.

Following extensive tests across a small portion of its fleet, the customer has signed up its entire fleet, amounting to seventy heavy-duty trucks to the SaverOne Protection System. While preventing distracting phone use while driving, SaverOne's platform also enables the customer's fleet manager to review and monitor advanced driver behavior on an ongoing basis.

Mr. Ori Gilboa, CEO of SaverOne commented, "We are particularly proud that this caliber of customer decided to protect its entire fleet with our system following their initial trial. They join many other leading corporates with a strong commitment to driver safety and a belief in our value proposition. Furthermore, we are discussing with the customer into expanding the project into the private vehicles of the employees throughout the world, representing significant further potential and ongoing upside from this win."

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 on the mobile phone 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), without user intervention or consent, creating a safer driving environment.

Original Post: Entire Truck Fleet of Global Manufacturer to Install the SaverOne System