SaverOne and Volvo Sign New OEM Agreement to Install the SaverOne Safety Solution in Volvo Buses in Mexico
SaverOne 2014 Ltd. - American Depositary Shares (SVRE)
Company Research
Source: GlobeNewswire
Petah Tikvah, Israel, March 12, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells transportation safety solutions, today announced that it has entered into an original equipment manufacturer (OEM) agreement with Volvo Bus Corporation, a subsidiary of the global automotive giant, Volvo Group. The agreement covers Volvo buses in the Mexican coach-bus market, a market in which Volvo has leadership with approximately 50% market share of new coach-bus vehicle sales. Under the OEM agreement, SaverOne's Safety Solution, known as the ‘Driver Distraction Prevention System’ (DDPS), which is aimed at reducing cellphone-related distractions and accidents, will be installed in new Volvo buses that are manufactured for the Mexican market. Volvo Bus customers in Mexico will be offered the SaverOne Safety Solution pre-installed, following integration into Volvo’s assembly line. In addition, the agreement also allows for
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- CEO Spotlight: SaverOne CEO Explains Why Deals Made In 2024 Steepen Company's Growth Trajectory [Yahoo! Finance]Yahoo! Finance
- SaverOne Signs Milestone OEM Agreement with IVECO [Yahoo! Finance]Yahoo! Finance
- SaverOne Signs Milestone OEM Agreement with IVECOGlobeNewswire
- SaverOne Reports Full Year 2023 Results with 128% Year-over-Year Revenue GrowthGlobeNewswire
- SaverOne Engages with Top-tier Global Consultancy Firm to Develop Strategic Plan for its Vulnerable Road User (VRU) Solution.GlobeNewswire
SVRE
Sec Filings
- 3/29/24 - Form EFFECT
- 3/27/24 - Form 6-K
- 3/25/24 - Form 6-K
- SVRE's page on the SEC website