SaverOne Signs Third Distribution Agreement in the United States

Core Insights - SaverOne has signed a distribution agreement with BSD Tree Inc., expanding its presence in the U.S. market, particularly in New York, New Jersey, and Pennsylvania [1][2][3] - The agreement allows BSD Tree to distribute SaverOne's driver-distraction safety system, targeting an additional market of nearly 20 million vehicles [2][3] - The partnership is expected to enhance SaverOne's growth strategy in North America, reflecting increasing international demand for its technology [3] Company Overview - SaverOne 2014 Ltd. specializes in transportation safety solutions, focusing on preventing driver distraction caused by mobile phone usage [6][9] - The company's technology aims to reduce road accidents, which cost the U.S. approximately $870 billion annually, with a significant portion attributed to mobile phone use while driving [6] - SaverOne's target markets include commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on the U.S., Israeli, and European markets [7][9] Product and Technology - The SaverOne system prevents drivers from accessing distracting applications while allowing necessary functions like navigation, thereby creating a safer driving environment [6][9] - The company is also developing a sensor system for detecting vulnerable road users through their cellphone footprint [10] - SaverOne aims to integrate its safety solutions into both aftermarket and OEM vehicle manufacturing processes [8][9]