Protection system

Strauss Frito-Lay chooses the SaverOne protection system for its delivery trucks in Israel

This is a breakthrough for SaverOne with a major global food manufacturer and represents significant long-term growth potential

PETAH TIKVAH, Israel, September 20, 2022 /PRNewswire/ — SaverOne 2014 Ltd. (NASDAQ: SVRE) (TASE: SVRE), a technology company specializing in transportation safety solutions, today announced that SaverOne systems will be installed on Strauss Frito-Lay’s entire fleet of food delivery trucks in Israel. This follows a successful trial period over several months, during which Strauss Frito-Lay tested all aspects of the system.

Strauss Frito-Lay is a joint venture between Strauss Group, one of the world’s largest food manufacturers Israel, and Frito-Lay, the American subsidiary of multinational food and beverage company PepsiCo. These companies are the world’s leading food manufacturers, with thousands of delivery trucks operating around the world. This represents significant long-term potential for SaverOne to enter and expand its sales into these organizations in the many countries in which they operate.

Mr. Gilboa, CEO of SaverOne commented, “We are proud of this victory, which represents a breakthrough for SaverOne, which has now extended a successful trial to a larger initial deployment. Additionally, we are proud to work with these world leaders in food manufacturing. We see this as a strategic step towards global businesses, with the potential to expand our footprint internationally. This is a strong testament to the early success we are seeing in executing our strategy and building relationships with multinational organizations. »

About the SaverOne system

SaverOne systems can be installed in private vehicles, trucks and buses and offer a solution to the problem of driver distraction away from the road, which results from drivers using specific distracting apps on the device mobile while driving, in a way that endangers their safety and the safety of passengers. This phenomenon is considered one of the main causes of road accidents in the world. According to the US National Highway Traffic Safety Administration, the annual cost of traffic accidents just in United Statesis located approximately $870 billion each year, excluding the costs of serious injury or death, with a quarter of these accidents estimated to be related to mobile device use while driving.

SaverOne’s technology specifically recognizes the driver’s area in the vehicle and prevents the driver from accessing distracting applications such as messaging while still allowing navigation, without user intervention or consent, creating a more comfortable driving environment. sure.

SaverOne’s primary target markets include commercial and private vehicle fleets, as well as insurance and leasing companies who are very interested in reducing potential damages and significant costs. SaverOne initially targets automotive fleets with a focus on the Israeli, European and US markets, as well as other markets around the world. SaverOne believes that ultimately the increased focus on monitoring and preventing cellular distraction systems in vehicles, particularly due to expected upcoming European regulations, is likely to have a significant positive impact on demand for its systems in the future. The Company’s longer-term strategy is to reach out to automakers to install the Company’s protection technologies into the vehicle manufacturing process as an OEM.

About Saver One

SaverOne is a technology company engaged in the design, development and marketing of transportation safety solutions designed to save lives by preventing car accidents resulting from distracted mobile phone use while driving. The SaverOne system provides an advanced driver safety solution that can identify and monitor cell phones located near the driver and selectively block the use of distracting apps that can become deadly.

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Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements in this press release can be identified by the use of words such as “anticipate”, “believe”, “intend”, “could”, “estimate”, “expect”, “have the ‘intent to’, ‘seek,’ ‘may’, ‘could’, ‘plan’, ‘potential’, ‘predict’, ‘project’, ‘target’, ‘aim’, ‘should’, ‘will’, ‘ would” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on SaverOne’s current expectations and are subject to uncertainties, risks and assumptions. that are difficult to predict. In addition, certain forward-looking statements are based on assumptions about future events which may not prove to be accurate. Many factors could cause SaverOne’s actual operations or results to differ materially from activities and anticipated results in these d forward-looking statements. Factors that could cause our actual results to differ materially from those expressed or implied by these forward-looking statements include, but are not limited to: the ability of our technology to significantly improve driver safety; our expected level of revenue and capital expenditures; our ability to market and sell our products; our plans to continue to invest in research and development to develop technology for existing and new products; our intention to advance our technologies and commercialization efforts; our intention to use local distributors in each country or region where we operate to distribute our products or technology; our plan to obtain patents, trademarks and other intellectual property rights for our products and technologies in United States and internationally, as well as our ability to maintain and protect the validity of our currently held intellectual property rights; our expectations regarding future changes in our cost of revenues and operating expenses; our expectations regarding our tax classifications; interpretations of current laws and the adoption of future laws; investor acceptance of our business model; the ability to correctly identify and enter new markets; the impact of competition and new technologies; general market, political and economic conditions in the countries in which we operate; capital expenditures and projected cash; our intention to retain key employees and our belief that we maintain good relationships with all of our employees; the impact of the COVID-19 pandemic and resulting government actions on us; and other risks and uncertainties, including those listed in the section entitled “Risk Factors” in the final prospectus on Form 424b4 filed with the Securities and Exchange Commission on June 6, 2022. The forward-looking statements contained in this announcement are made as of this date, and SaverOne undertakes no obligation to update such information except as required by applicable law.

International Investor Relations Contact:
Ehud Helft
+1 212 378 8040
[email protected]

Contact Israeli investors:
Jonathan Eilat
[email protected]

SOURCESaverOne 2014 Ltd; SaverOne