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SaverOne Signs Third Distribution Agreement in the United States
Globenewswire· 2025-10-20 12:30
Agreement signed with BSD Tree Strongly Expanding SaverOne’s Footprint into the U.S. North East Petah Tikvah, Israel, Oct. 20, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company specializing in developing transportation safety solutions, today announced that it has signed a new distribution agreement with BSD Tree Inc., a New York City-based company. This is the third distribution agreement signed in the United States. Under the agreement, BSD Tree Inc. will distri ...
SaverOne Signs New Distribution Agreement in Canada
Newsfilter· 2025-04-16 12:30
Core Insights - SaverOne 2014 Ltd. has entered the Canadian market through a distribution agreement with MRF Geosystems, targeting sales of 1,000 units in the first six months [1][2][4] Group 1: Distribution Agreement - The agreement grants MRF Geosystems conditional exclusive rights to sell, install, and support the SaverOne System in Alberta [1][2] - MRF is expected to achieve sales of at least 1,000 units during the six-month exclusivity period [2] - MRF may also market SaverOne's solutions in other Canadian provinces on a non-exclusive basis [2] Group 2: Company Background - SaverOne develops advanced transportation safety solutions aimed at preventing driver distraction caused by mobile phone usage [5][10] - The technology specifically prevents access to distracting applications while allowing essential functions like navigation and calls [5] - The company targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies [6][10] Group 3: Market Context - Distracted driving is a significant issue, contributing to a substantial number of road accidents, with the annual cost of road accidents in the U.S. estimated at $870 billion [5] - The technology addresses the growing international demand for driver distraction prevention solutions [4] - Upcoming EU regulations are expected to increase demand for cellular distraction monitoring systems in vehicles [6]