SaverOne Announces First U.S. Commercial Agreement with FedEx Trucking Contractor MDM Express

Core Insights - SaverOne's U.S. distributor, Motor Supply, has completed the installation of its safety technology across MDM Express's fleet of 20 trucks, marking a significant milestone in the company's U.S. market expansion [1][2][3] Group 1: Company Developments - The successful pilot project with MDM Express serves as a key reference point that could attract interest from other FedEx contractors [2] - CEO Ori Gilboa emphasized the safety benefits of SaverOne's technology, viewing this deployment as a strategic entry into the broader FedEx contractor network [3] - MDM Express's owner highlighted the commitment to safety and operational efficiency through the integration of SaverOne's technology [3] Group 2: Technology and Market Impact - SaverOne's system addresses driver distraction caused by mobile phone use, which is a leading cause of road accidents, with the annual cost of such accidents in the U.S. estimated at $870 billion [4] - The technology allows drivers to access navigation while blocking distracting applications, thereby enhancing safety [4] - The company targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on the U.S., Israeli, and European markets [5] Group 3: Future Outlook - SaverOne anticipates that upcoming EU regulations will increase demand for its cellular distraction prevention systems [5] - The company's strategy includes providing technology to aftermarket customers and collaborating with OEM manufacturers for integration during vehicle production [6]