SVRE - SaverOne Signs a Contract with Lev Hasharon Regional Council to use the SaverOne System in its School Buses

PR Newswire

This is the 6th regional council in Israel to install the SaverOne System on its school buses and more councils are expected to join in the near future

PETAH TIKVAH, Israel , April 27, 2023 /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a technology company engaged in transportation safety solutions, today announced that the Regional Council of Lev Hasharon signed a contract to install the SaverOne system on its 14 school buses to prevent drivers from being distracted by their mobile phones while driving students to their schools.

As part of SaverOne's strategic plan to focus on public transportation, and in particular the safe transportation of students on school buses, it is expected that in the coming weeks the SaverOne system will be installed on the school buses of additional regional Councils throughout Israel .

Commented Ori Gilboa , CEO of SaverOne, "This vertical of public transport is an important vertical in our global penetration strategy. The impact of cellphone-related driving distraction on the safety of passengers in buses is huge. When we talk about safety of kids, the cost becomes a less important factor.   Our solution offers a highly attractive proposition to this market segment, as the additional cost of a SaverOne system on a school bus, pales in significance against the safety of our children. We are rolling out this solution to additional regional councils and school districts in Israel and expect more and more councils to join the expanding group of local councils that are using our system for the safety of children."

About the SaverOne System

SaverOne systems can be installed in private vehicles, trucks and buses and provide a solution to the problem of driver distraction away from the road, that results from drivers using specific distracting applications on the mobile device while driving, in a way that endangers their safety and the safety of 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 device 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 navigation, without user intervention or consent, creating a safer driving environment.

SaverOne's primary target markets include commercial and private vehicle fleets, as well as insurance and leasing companies that are very interested in reducing potential damages and significant costs. SaverOne is initially addressing 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 longer-term strategy is to address vehicle manufacturers, to install the Company's protection technologies in the vehicle manufacturing process as an OEM.

About SaverOne

SaverOne is a technology company engaged in the design, development and commercialization of transportation safety solutions designed to save lives by preventing car accidents resulting from distraction, by the use of mobile phones while driving. The SaverOne system provides an advanced driver safety solution that can identify and monitor mobile phones located in the driver's vicinity and selectively block use of distracting applications that may become life-threatening.

Learn more at https://saver.one/

Forward Looking Statements

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SOURCE SaverOne