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SaverOne's Largest Ever Order: Electra Afikim to Install the SaverOne System Across its Entire Bus Fleet of ~1,200 VehiclesElectra Afikim is one of Israel's leading public transportation companies and the first public bus company to implement the SaverOne System across its entire fleet to prevent bus driver distraction from mobile apps while driving PETAH TIKVAH, Israel, March 8, 2023 /PRNewswire/ -- SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a technology company engaged in transportation safety solutions, today announced that it has signed an agreement with Electra Afikim to install the SaverOne system across its entire fleet of public buses, amounting to approximately 1,200 vehicles. Installations are expected to begin in the coming weeks. Cell phone distraction while driving is one of the primary causes of road accidents. The SaverOne Safety system is expected to be installed on all the buses owned by the Electra Afikim over the coming months and Elektra Afikim will become the first public bus company in Israel to have this safety solution, protecting its drivers and passengers. Drivers will be prevented from using certain features on their mobile phones that would distract the driver while driving, potentially endangering the lives of passengers and other road users. The SaverOne system affects only the driver's mobile device during a journey and temporarily blocks all distracting applications and messaging, while allowing applications which are not considered distracting or useful for driving, as per the company's safety policy, such as the making and receiving of calls, navigation and other non-distracting applications. Shai Malka, Vice President of Electra Afikim, commented, "Electra Afikim is one of the largest and leading public transportation operators in Israel, operating a large fleet of buses nationwide completing journeys amounting to more than 50 million kilometers each year. We have a strong commitment to innovation and are constantly on the lookout for advanced technologies which can help increase our transportation safety levels, including that of the driver, passengers and other road users. After a successful pilot with SaverOne, we decided to install the system across all of our buses to provide passengers with a safer ride, limiting the potential for driver distraction from their mobile phone." Ori Gilboa, CEO of SaverOne commented, "This is SaverOne's largest order to date, and significantly grows our user-base. The Electra Afikim bus company has made the highly admirable decision to install the SaverOne system, out of concern for the safety of both its passengers and pedestrians. SaverOne is proud to partner with this leading Israel-based bus company on this significant project. The public transportation sector is a key vertical we are focused on at SaverOne, with potential to protect millions of vehicles worldwide, representing significant long-term potential for growth for SaverOne." About the SaverOne System SaverOne's primary target markets include commercial and private vehicle fleets that are interested in reducing potential damages and significant cost, vehicle manufacturers that are interested in integrating safety solutions to their vehicles, and insurance and leasing companies. SaverOne initially addresses 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 strategy is to provide its technology for installation to customers in the aftermarket as well as address OEM vehicle manufacturers, to install the Company's protection technologies during the vehicle manufacturing process. About SaverOne SaverOne's initial line of products is a suite of solutions that saves lives by preventing car accidents resulting from distraction from the use of 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 International Investor Relations Contact: Israeli Investors Contact: logo - https://mma.prnewswire.com/media/1978170/SaverOne_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/saverones-largest-ever-order-electra-afikim-to-install-the-saverone-system-across-its-entire-bus-fleet-of-1-200-vehicles-301765766.html SOURCE SaverOne |