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

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

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

This new order follows a profitable six-month trial interval masking an preliminary 30 automobiles, throughout which all elements of the system have been examined. On the finish of the trial interval, Osem-Nestle carried out an inside 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 without doubt one of 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 increase gross sales throughout a worldwide group. This new The follow-on order is important, 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 automobiles to offer an answer to the issue of driver distraction, which threatens their security and the protection 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 the earth. In accordance with the US Nationwide Freeway Site visitors Security Administration, the annual price of street accidents is simply 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 dying. SeverOne’s know-how particularly identifies the driving force space within the automobile and blocks the driving force from accessing distracting functions reminiscent of messaging, whereas permitting others (reminiscent of navigation) to be activated, making a safer driving surroundings, with out person intervention or consent. permits.

SaverOne’s main goal markets embrace business and personal automobile fleets fascinated about lowering potential harm and vital prices, automobile producers fascinated about integrating security options for his or her automobiles, 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 all over the world. SeverOne believes that finally the elevated give attention to monitoring and prevention of mobile distraction methods in automobiles, particularly pushed by upcoming anticipated EU regulation, will dramatically positively influence demand for its methods sooner or later.

The corporate’s technique is to offer its know-how for set up to clients within the aftermarket in addition to to handle 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, growth and commercialization of OEM and aftermarket options and applied sciences to cut back and forestall the danger of auto 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 path of susceptible street customers (VRUs) through their cellphone footprint below all visibility circumstances.

Be taught extra at https://saver.one/

forward-looking statements

This press launch comprises “forward-looking statements” topic to substantial dangers and uncertainties inside the which means of the Personal Securities Litigation Reform Act and different securities legal guidelines. All statements apart from statements of historic truth contained on this press launch are forward-looking statements. Ahead-looking statements contained on this press launch may be recognized by way of phrases reminiscent of “anticipate,” “consider,” “anticipate,” “might,” “estimate,” “count on,” “intend,” “count on,” Is. “might,” “would possibly,” “plan,” “potential,” “predict,” “mission,” “goal,” “intention,” “ought to,” “will,” “will,” or in detrimental or different comparable 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 might be troublesome to estimate. As well as, sure forward- Indicative statements are primarily based on assumptions about future occasions that won’t show correct. Various elements may trigger Severvan’s precise actions or outcomes to vary materially from the actions and outcomes anticipated in such forward-looking statements. Elements that might trigger our precise outcomes to vary materially from these expressed or implied in such forward-looking statements embrace, however will not be restricted to: the flexibility of our know-how to considerably enhance the protection of drivers; income and capital expenditures our deliberate stage of gross sales; our means to market and promote our merchandise; present and new merchandise Our plan to proceed investing in analysis and growth 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 means to take care of and defend the validity of our at present held mental property rights; our expectations concerning future modifications in our price 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 buyers; Means to appropriately establish and enter new markets; the influence of competitors and new applied sciences; the final market, political and financial state of affairs within the nations during which we function; estimated capital expenditure and liquidity; our intention to retain key workers, and our perception that we preserve good relationships with all of our workers; the influence of the COVID-19 pandemic, and ensuing authorities actions, on us; and different dangers and uncertainties, together with these listed within the part entitled “Threat Elements” within the remaining prospectus on Type 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 below 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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