SVRE - Leading Israeli Transportation Company Egged Tours Selects SaverOne's Driver Distraction Solution System | Benzinga
Signs Contract to Install SaverOne Systems on 300 Buses
PETAH TIKVAH, Israel, Feb. 5, 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, Egged Tours, with a significant contract to install 300 SaverOne Systems on all of its buses. In the coming month, 80 systems will be installed on Egged's buses, and following that, a further 220 systems are expected to be installed.
Egged Tours, operating the largest tour bus fleet in Israel, is renowned for its uncompromising commitment to driver and passenger safety. It is a subsidiary of Egged Transportation, Israel's largest bus company, with over 3,000 buses operating nationally with a vast network of urban and intercity routes. Egged buses are a fundamental part of Israel's public transportation system, providing crucial mobility for millions of passengers annually.
Mr. Ori Gilboa, CEO of SaverOne, commented, "We are very proud of the cooperation with Egged tours. This is a second recent and sizable order in the tour bus segment and further cements SaverOne's presence in this key transportation vertical. It is a strong market validation of the strategic importance of our solution in enhancing road safety. I believe that it is a clear indication of the growing recognition and trust in SaverOne's ability to address driver distraction. We are very pleased with this new customer win and the long-term role it plays in our growing success."
Saadi Mohand Hamudi, VP Operation and Movement at Egged Tours commented, "Ensuring the safe travels of our passengers and drivers is Egged Tour's most important priority. We believe that the SaverOne system reduces the chances of our drivers, who spend significant time driving, from becoming momentarily distracted by their phones, which is a major cause of traffic accidents. By integrating SaverOne's systems into to the Egged Tours fleet, it is a testament to our dedication to setting the bar for the highest safety standards in the market today and enhances road safety for all users."
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 ...