SaverOne System
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SaverOne Named to TIME's List of the Best of Inventions of 2025
Globenewswire· 2025-10-09 12:45
Core Insights - SaverOne 2014 Ltd. has been recognized by TIME as one of the Best Inventions of 2025 for its SaverOne System, which aims to prevent distracted driving by blocking unsafe phone use in real time [1][2][5] Company Overview - SaverOne specializes in developing transportation safety solutions, particularly focusing on reducing driver distraction caused by mobile phone use [1][10] - The SaverOne System is designed to block access to distracting applications while allowing safe functions like navigation, thereby enhancing road safety [6][11] Market Context - Distracted driving is a leading cause of road accidents globally, with the US National Highway Traffic Safety Administration estimating the annual cost of road accidents in the US at approximately $870 billion, with about 25% related to mobile phone distractions [3][6] - The company is expanding internationally with new distribution agreements and pilot projects in Europe and North America, capitalizing on the growing regulatory focus on distracted driving prevention [4][7] Strategic Focus - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, aiming to integrate its safety solutions into vehicles and reduce potential damages and costs [7][8] - The company plans to address both the aftermarket and OEM vehicle manufacturers to enhance vehicle safety during the manufacturing process [8]
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]