SVRE - SaverOne Signs Contract to Install its Systems on 300 Buses of Leading Israeli Transportation Company Bon Tour | Benzinga
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 ...