Osem-Nestle expands the set up of the SeverOne safety system in its fleet

A brand new follow-on order for 50 SeverOne Programs with the Israeli subsidiary of a worldwide meals producer represents long-term progress potential

Petah Tikvah, israel, November 21, 2022 /PRNewswire/ — ServerOne 2014 Restricted (Nasdaq: SVRE) (TASE: SVRE), Osem-Nestle, a know-how firm engaged in transportation safety options, at this time introduced that it has ordered 50 new SaverOne programs to be put in on their worker autos. As well as, further programs are anticipated to be put in at a later stage with the final word purpose of equipping your complete firm’s fleet of automobiles and vehicles with the SaverOne system.

This new order follows a profitable six-month trial interval overlaying an preliminary 30 autos, throughout which all facets of the system have been examined. On the finish of the trial interval, Osem-Nestle performed an inner survey amongst customers and SaverOne’s system acquired very excessive satisfaction grades with suggestions that the system offers them peace of thoughts whereas driving and protects them from mobile phone distractions. Is.

Osem-Nestle is among the largest meals producers and distributors israeland owned by Nestle SwitzerlandIt’s a multinational meals and beverage firm with 270,000 workers and working in 186 nations.

Mr. Gilboa, CEO of SeverOne, commented, “We’re delighted with this follow-on order from Osem-Nestle, a key buyer, which presents sturdy long-term progress potential for SaverOne. This represents a possibility to additional develop and broaden gross sales throughout a worldwide group. This new The follow-on order is critical, demonstrating the success of our product in preliminary trials with Osem-Nestle and likewise exhibiting the sturdy worth they see in offering this safety system for his or her workers. Lastly, this ongoing is a testomony to the success we’re seeing in executing our progress technique and constructing relationships with multinational organizations.”

About ServerOne System

SeverOne’s system is put in in autos to supply an answer to the issue of driver distraction, which threatens their security and the security of their passengers, on account of drivers utilizing distracting functions on cellphones whereas driving. places in This phenomenon is taken into account to be one of many main causes of street accidents on this planet. In response to the US Nationwide Freeway Site visitors Security Administration, the annual value of street accidents is just United Statesstands about $870 billion Every year, 1 / 4 of these accidents are estimated to be associated to cell phone use whereas driving, excluding the price of severe damage or demise. SeverOne’s know-how particularly identifies the motive force space within the automobile and blocks the motive force from accessing distracting functions corresponding to messaging, whereas permitting others (corresponding to navigation) to be activated, making a safer driving setting, with out consumer intervention or consent. permits.

SaverOne’s major goal markets embrace industrial and personal automobile fleets considering decreasing potential injury and important prices, automobile producers considering integrating security options for his or her autos, and insurance coverage and leasing corporations. corporations are included. Savervan initially addresses automobile fleets with a give attention to the Israeli, European and American markets, in addition to different markets world wide. SeverOne believes that finally the elevated give attention to monitoring and prevention of mobile distraction programs in autos, particularly pushed by upcoming anticipated EU regulation, will dramatically positively affect demand for its programs sooner or later.

The corporate’s technique is to supply its know-how for set up to clients within the aftermarket in addition to to deal with OEM automakers to put in the corporate’s security applied sciences throughout the automobile manufacturing course of.

About ServerOne

SeverOne is a know-how firm engaged within the design, improvement and commercialization of OEM and aftermarket options and applied sciences to scale back and forestall the danger of car accidents.

SeverOne’s preliminary vary of merchandise is a collection of options that save lives by stopping automobile accidents attributable to cell phone use whereas driving. SeverOne can be growing a sensor system to detect the beginning location and course of weak street customers (VRUs) by way of their cellphone footprint underneath all visibility situations.

Study extra at https://saver.one/

forward-looking statements

This press launch incorporates “forward-looking statements” topic to substantial dangers and uncertainties inside the that means of the Non-public Securities Litigation Reform Act and different securities legal guidelines. All statements apart from statements of historic reality contained on this press launch are forward-looking statements. Ahead-looking statements contained on this press launch will be recognized by means of phrases corresponding to “anticipate,” “consider,” “anticipate,” “could,” “estimate,” “anticipate,” “intend,” “anticipate,” Is. “could,” “may,” “plan,” “potential,” “predict,” “challenge,” “goal,” “goal,” “ought to,” “will,” “will,” or in detrimental or different related connotations of phrases, though not all forward-looking statements comprise these phrases. Ahead-looking statements are primarily based on Severvan’s present expectations and are topic to inherent uncertainties, dangers and assumptions which are tough to estimate. As well as, sure forward- Indicative statements are primarily based on assumptions about future occasions that will not show correct. Quite a lot of components might trigger Severvan’s precise actions or outcomes to vary materially from the actions and outcomes anticipated in such forward-looking statements. Components that would trigger our precise outcomes to vary materially from these expressed or implied in such forward-looking statements embrace, however should not restricted to: the flexibility of our know-how to considerably enhance the security of drivers; income and capital expenditures our deliberate degree of gross sales; our capacity to market and promote our merchandise; present and new merchandise Our plan to proceed investing in analysis and improvement to develop know-how for each; our intention to advance our applied sciences and commercialization efforts; We intend to make use of native distributors in every nation or territory that we are going to do enterprise to distribute our merchandise or know-how; We plan to acquire patents, emblems and different mental property rights for our merchandise and applied sciences in United States and internationally, in addition to our capacity to take care of and defend the validity of our at the moment held mental property rights; our expectations concerning future adjustments in our value of income and our working bills; our expectations with respect to our tax classifications; interpretation of present legal guidelines and passage of future legal guidelines; acceptance of our enterprise mannequin by traders; Potential to accurately determine and enter new markets; the affect of competitors and new applied sciences; the overall market, political and financial scenario within the nations wherein we function; estimated capital expenditure and liquidity; our intention to retain key workers, and our perception that we keep good relationships with all of our workers; the affect of the COVID-19 pandemic, and ensuing authorities actions, on us; and different dangers and uncertainties, together with these listed within the part entitled “Danger Components” within the ultimate prospectus on Kind 424B4 filed with the Securities and Change Fee. June 6, 2022, The forward-looking statements included on this announcement are made as of the date hereof, and ServerOne undertakes no responsibility to replace such data besides as required underneath relevant regulation.

Worldwide Investor Relations Contact:
ehud helft
+1 212 378 8040
[email protected]

Israeli Investor Contacts:
Jonathan Elliott
[email protected]

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