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SaverOne 2014 | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]

SEC announcement ·  Jan 22 00:00
Summary by Moomoo AI
SaverOne 2014 Ltd., a technology company specializing in advanced transportation safety solutions, has announced a significant business development on January 22, 2024. The company revealed that its SaverOne system, designed to reduce driver distraction by limiting access to mobile phone applications while driving, will be installed across the entire fleet of Strauss Group, one of Israel's largest food manufacturers. This decision comes after a successful trial on 17 Strauss trucks, which demonstrated a notable reduction in accident rates. The full deployment of the SaverOne system across Strauss Group's fleet of over 80 food delivery trucks underscores the company's commitment to road safety and responsible vehicle operation. SaverOne's CEO, Ori Gilboa, expressed pride in this achievement, highlighting the strategic importance of the...Show More
SaverOne 2014 Ltd., a technology company specializing in advanced transportation safety solutions, has announced a significant business development on January 22, 2024. The company revealed that its SaverOne system, designed to reduce driver distraction by limiting access to mobile phone applications while driving, will be installed across the entire fleet of Strauss Group, one of Israel's largest food manufacturers. This decision comes after a successful trial on 17 Strauss trucks, which demonstrated a notable reduction in accident rates. The full deployment of the SaverOne system across Strauss Group's fleet of over 80 food delivery trucks underscores the company's commitment to road safety and responsible vehicle operation. SaverOne's CEO, Ori Gilboa, expressed pride in this achievement, highlighting the strategic importance of the partnership with Strauss Group, which is also connected to Frito-Lay and PepsiCo, potentially paving the way for international expansion. The company's technology aims to address the global issue of road accidents caused by mobile phone use while driving, which is estimated to cost the United States around $870 billion annually. SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance and leasing companies, focusing on markets in Israel, Europe, the US, and globally. The company also anticipates that upcoming EU regulations will increase demand for its systems.

This announcement is a separate document:

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