Hello Everyone,
We have another profile that we wanted to bring to your attention immediately.
We profiled this company a few times in the past year. You may remember it from back in Late November when we showed you this one while it was siting at just .36.
It went on a massive run throughout December and January and not long after hit 1.22 for an incredible 200%+ run over several weeks.
This has been one of the biggest profiles of the past year on our newsletter.
Pull up SVRE immediately.
You are going to want to research it right away before the open.
Founded in 2014 with a mission to make roads safer for drivers, passengers, and pedestrians alike, SaverOne develops cellular network-based technological solutions for reducing road accidents.
Their innovative system for identifying and limiting the use of certain apps on mobile devices while operating a vehicle has already been widely adopted by dozens of companies in Israel.
SaverOne is also developing an additional system that can detect and warn the driver of VRU’s (Vulnerable Road Users and pedestrians) crossing when the driver’s field of vision is extremely limited. This system is currently in advanced stages of development.
The company dropped some exciting news this morning that is still circulating amongst traders.
SaverOne Launches Four Pilot Projects with Customers of Volvo Buses Mexico
Petah Tikvah, Israel, Sept. 17, 2024 (GLOBE NEWSWIRE) -- SaverOne2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in disruptive transportation safety solutions, today announced the launch of four new pilot projects with customers of Volvo Buses Mexico. This follows the OEM agreement signed with Volvo Group in March 2024, which allows for the SaverOne Safety Solution to be pre-installed following integration into Volvo’s assembly line as well as an aftermarket retrofit installation.
The pilots cover a total of 20 buses which will be retrofitted with SaverOne’s innovative technology, which is designed to actively prevent bus drivers from being distracted by their mobile phones. The pilots will be conducted in two regions: Mexico City, focusing on intercity buses, and Monterrey, focusing on city buses.
Volvo Buses, a subsidiary of the major Swedish vehicle maker Volvo Group, is one of the world's largest bus manufacturers, offering a complete range of heavy buses for passenger transportation.
Mr. Ori Gilboa, CEO of SaverOne, commented, “We are incredibly proud of our developing collaboration with Volvo Buses, a major bus manufacturer and leader in the transportation sector. These pilot projects in Mexico are the initial fruits of our recent OEM agreement with Volvo Group and marks a significant step forward in SaverOne’s ongoing activities to broaden its global reach. Furthermore, this OEM agreement provides for significant potential to extend our collaboration with other Volvo subsidiaries throughout the world.”
Continued Mr. Gilboa, “These four new customers are important bus operators in Mexico and the potential from these pilots are hundreds of additional buses. As these pilots demonstrate, in 2024, we are becoming increasingly successful at broadening our operations across multiple regions, including Europe, the United States and Mexico. We see immense further potential in our Volvo Bus collaboration, and we are excited about the possibilities it holds for the future.”
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