SaverOne Announces New Deployment of Its Driver Distraction Prevention System in Teva Pharmaceutical's Truck Fleet

Core Insights - Teva Pharmaceutical Industries Ltd. has awarded a contract to SaverOne 2014 Ltd. to install the SaverOne System across its fleet of 50 delivery trucks in Israel, following a successful initial deployment in 14 trucks [1][3] Company Overview - Teva is a multinational pharmaceutical company and one of the largest generic drug manufacturers globally, operating a supply chain across more than 60 countries [2] - SaverOne is a technology company focused on developing solutions to reduce vehicle accidents caused by driver distraction, particularly from mobile phone use [7][8] Technology and Market Potential - The SaverOne System addresses driver distraction by preventing access to distracting applications while allowing essential functions like navigation, thereby enhancing road safety [4] - The annual cost of road accidents in the U.S. is approximately $870 billion, with a significant portion attributed to mobile phone use while driving [4] - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on markets in Israel, Europe, and the U.S. [5] Strategic Goals - The company aims to provide its technology to both aftermarket customers and original equipment manufacturers (OEMs) to integrate safety solutions during vehicle manufacturing [6] - There is an anticipated increase in demand for SaverOne's systems due to expected EU regulations focusing on monitoring and preventing cellular distraction in vehicles [5]