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SaverOne Signs Agreement with Fandango to Deploy its Driver Distraction Prevention Solution Across Heavy Truck Fleet
Globenewswire· 2025-09-03 12:30
Core Viewpoint - SaverOne 2014 Ltd. has signed an agreement with Fandango to deploy its Driver Distraction Prevention Solution across Fandango's heavy truck fleet, reinforcing its strategic presence in the heavy-truck sector [1][3]. Group 1: Agreement and Impact - The agreement follows a successful pilot program that demonstrated significant driver behavioral changes and a reduction in the use of distracting mobile applications while driving [2]. - The deployment of SaverOne's technology is expected to reduce accidents, lower potential liability claims, improve fleet availability, and decrease overall costs for Fandango [3]. Group 2: Company Positioning and Technology - SaverOne's CEO highlighted the agreement as validation of the safety and operational value of their solution, indicating growing momentum in the heavy-truck sector [4]. - SaverOne's system addresses driver distraction caused by mobile phone usage, which is a leading cause of road accidents globally, with the annual cost of road accidents in the U.S. estimated at $870 billion [5]. - The technology allows drivers to access navigation applications while preventing access to distracting apps, thereby enhancing safety [5]. Group 3: Market Focus and Strategy - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on reducing costs and damages [6]. - The company aims to integrate its technology into both aftermarket solutions and during the vehicle manufacturing process [7]. - An anticipated increase in regulations in the EU regarding cellular distraction systems is expected to positively impact demand for SaverOne's solutions [6].
SaverOne Broadens its Relationship with Cemex: An Additional European Cemex Division Deploys SaverOne's Driver Distraction Prevention System
Globenewswire· 2025-08-18 13:23
Core Viewpoint - SaverOne 2014 Ltd. has expanded its collaboration with Cemex by signing a new agreement to deploy its Driver Distraction Prevention System (DDPS) across Cemex's fleet in Europe, marking a significant step in its global expansion strategy [1][3]. Company Overview - SaverOne is a technology company focused on developing transportation safety solutions, particularly aimed at preventing driver distraction caused by mobile phone usage while driving [5][8]. - The company's DDPS technology is designed to enhance road safety by restricting access to distracting applications while allowing essential functions like navigation [5][6]. Industry Context - The global market for driver distraction prevention solutions is expected to grow, driven by increasing regulatory focus on vehicle safety and the rising costs associated with road accidents, which in the U.S. alone amount to approximately $870 billion annually [5][6]. - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a strategic focus on markets in Israel, Europe, and the U.S. [6][8]. Partnership with Cemex - The new agreement with Cemex signifies a strong endorsement of SaverOne's DDPS, as Cemex has previously implemented the solution in other regions, showcasing its effectiveness [2][3]. - Cemex is recognized as a leading global construction materials company committed to sustainability and innovation, aligning with SaverOne's mission to enhance safety through advanced technology [4][5].
SaverOne Signs Sales & Marketing Agreement with US-based TOJ Jax Targeting Major US Trucking Fleets
GlobeNewswire News Room· 2025-07-08 12:30
Core Viewpoint - SaverOne 2014 Ltd. has signed a sales and marketing agreement with TOJ Jax LLC to enhance its market presence in the U.S. trucking and logistics industry, focusing on mobile distraction prevention systems for large commercial fleets [1][2][3][4]. Company Overview - SaverOne is a technology company focused on developing transportation safety solutions, particularly aimed at reducing vehicle accidents caused by driver distraction [11]. - TOJ Jax LLC is a Florida-based agency specializing in the trucking and logistics fleet sector, led by industry veterans Steven Silverman and Richard Sisisky [5][6]. Partnership Details - The agreement grants TOJ Jax exclusivity in the U.S. for large fleet operators with over 500 vehicles and includes aggressive annual sales targets [2]. - TOJ Jax will leverage its extensive industry experience and connections to drive sales and market penetration of SaverOne's systems among major U.S. fleets [2][4]. Market Impact - This partnership is a strategic move for SaverOne to access major fleet customers, potentially leading to significant sales growth and a stronger presence in the U.S. transportation industry [3][4]. - SaverOne's technology addresses a critical issue, as the U.S. National Highway Traffic Safety Administration estimates that road accidents cost approximately $870 billion annually, with a significant portion linked to mobile phone use while driving [7]. Product Offering - SaverOne's system is designed to prevent driver distraction by restricting access to distracting applications while allowing essential functions like navigation and calls [7]. - The primary target markets for SaverOne include commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on reducing costs associated with accidents [8].
SaverOne Granted New US Patent Advancing Sensor Fusion Capabilities for Driver Safety
Globenewswire· 2025-06-18 12:30
Core Viewpoint - SaverOne has been granted a new patent, enhancing its technological leadership in mobile device detection and classification within vehicles, which is crucial for improving transportation safety [1][3] Group 1: Patent and Intellectual Property - The new patent, numbered 12,326,512, focuses on classifying mobile device usage in vehicles using sensor fusion technology [1] - With this patent, SaverOne's intellectual property portfolio now consists of 23 patents, including 14 granted patents and 9 pending applications across key markets such as the US, Europe, Israel, China, and the UK [2] Group 2: Technology and Safety Solutions - SaverOne's technology aims to prevent driver distraction by recognizing the driver's area in the vehicle and restricting access to distracting applications while allowing essential functions [4] - The annual cost of road accidents in the US is approximately $870 billion, with a quarter of these accidents linked to mobile phone usage while driving [4] Group 3: Market Focus and Strategy - The primary target markets for SaverOne include commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with an initial focus on the Israeli, European, and US markets [5] - The company plans to provide its technology for both aftermarket installations and original equipment manufacturer (OEM) integrations during vehicle manufacturing [6] Group 4: Future Developments - SaverOne is also developing a Vulnerable Road User (VRU) solution to enhance Advanced Driver Assistance Systems (ADAS) by improving detection capabilities in challenging conditions [7][8] - The company’s initial product line aims to prevent accidents caused by mobile phone distractions, while also working on systems for early detection of vulnerable road users [10]
Acacia Research (ACTG) FY Conference Transcript
2025-06-12 15:45
Acacia Research (ACTG) FY Conference Summary Company Overview - Acacia Research has transitioned from an intellectual property business to a value-based acquirer of companies, focusing on creating a diversified portfolio of assets [2][3] - The company has a book value of approximately $577 million, translating to about $6 per share, with $340 million in cash and public securities [4] Financial Performance - Acacia generated $222 million in revenue and $61 million in EBITDA, with $40 million of EBITDA related to its former intellectual property business [5] - The company operates with no debt, emphasizing a strong financial position [5] Investment Strategy - The management team, led by the CEO with a private equity background, focuses on acquiring undervalued businesses, particularly in contrarian sectors [6][8] - Acacia aims to improve the operational efficiency and profitability of acquired businesses, emphasizing hands-on management rather than passive ownership [10][11] - The company has seen a significant number of acquisition opportunities, evaluating 350 businesses last year and 280 so far this year, but remains selective [9][50] Recent Acquisitions - Acacia has made strategic acquisitions, including Benchmark Energy and Deflecto, to build a scaled oil and gas platform and diversify its portfolio [15][22] - The acquisition of Benchmark was based on identifying dislocation in the oil and gas market, focusing on cash flow generation rather than traditional valuation metrics [17][19] - Deflecto was acquired as a collection of three unrelated businesses, with plans to streamline operations and enhance value through cost-cutting and management alignment [22][24] Operational Focus - The company emphasizes operational improvements and continuous enhancement of acquired businesses, aiming to generate cash flow and increase margins [11][20] - Acacia's approach includes leveraging existing management expertise and operational partners to drive performance in acquired companies [8][26] Market Position and Future Outlook - Acacia is exploring opportunities in specialty lending and insurance, indicating a strategic focus on markets with limited capital flow [51][52] - The company is cautious about entering new markets, preferring to build around existing positions and leverage its team's expertise [54] - Acacia aims to unlock trapped value in its portfolio, with a long-term vision of growing into a formidable public holding company with multiple large businesses [42][43] Conclusion - Acacia Research is positioned as a value-oriented acquirer with a strong financial foundation and a clear strategy for operational improvement and growth through selective acquisitions [34][55]
SaverOne Further Broadens its Global Expansion with a new Agreement with CEMEX Germany
Globenewswire· 2025-06-09 12:30
Core Points - SaverOne has signed a new commercial agreement with CEMEX Logistik GmbH for the installation of Driver Distraction Prevention Systems in CEMEX's fleet of approximately 1,000 trucks [1][2] - This agreement enhances the collaboration between SaverOne and CEMEX, following previous deployments in Israel, Spain, and the Czech Republic [2][3] - CEMEX emphasizes the importance of safety and efficiency in logistics operations, citing positive results from similar implementations across Europe [3] - SaverOne's technology aims to address driver distraction, a leading cause of road accidents, by preventing access to distracting applications while allowing necessary functions like navigation [5][6] - The annual cost of road accidents in the U.S. is approximately $870 billion, with a quarter of these accidents linked to mobile phone use while driving [5] - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, focusing on markets in Israel, Europe, and the U.S. [6][9] - The company plans to expand its technology offerings in the aftermarket and collaborate with OEM vehicle manufacturers for integration during production [7][9] Company Overview - CEMEX is a global leader in construction materials and solutions, committed to sustainability and carbon neutrality through innovation [4] - The company offers a range of products including cement, ready-mix concrete, and aggregates, supported by a multinational workforce and digital technologies [5] - SaverOne specializes in developing transportation safety solutions to reduce vehicle accidents caused by driver distraction [9]
SaverOne Signs Expands Cooperation with Cemex: Signs Agreement with Cemex Czech Republic for Deployment of Its Driver Distraction Prevention System
Newsfilter· 2025-04-21 12:30
Core Insights - SaverOne 2014 Ltd. has signed a new commercial agreement with Cemex Czech Republic to deploy its Driver Distraction Prevention System (DDPS) across Cemex's cement truck fleet in the Czech Republic, marking an expansion of their collaboration in Europe [1][2][3] Company Overview - SaverOne specializes in developing transportation safety solutions, particularly focusing on preventing driver distraction caused by mobile phone usage while driving [5][8] - The company's technology aims to enhance road safety by preventing access to distracting applications while allowing necessary functions like navigation [5][6] Strategic Collaboration - The new agreement with Cemex follows a successful implementation of SaverOne's solutions in other European markets, including Israel [2][3] - Cemex emphasizes safety as a core value and is committed to adopting innovative technologies to protect drivers and communities [3][4] Market Potential - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on the Israeli, European, and US markets [6][8] - The anticipated EU regulations on monitoring and prevention of cellular distraction systems are expected to positively impact demand for SaverOne's technology [6] Technology and Innovation - SaverOne's system is designed to reduce the risk of accidents caused by mobile phone distractions, which are a leading cause of road accidents globally [5][6] - The company is also developing a sensor system for detecting vulnerable road users through their cellphone footprint [9]