Today's New Alert +40% Premarket + Breaking News

AwesomeStocks Don’t want emails from us anymore? Click [here]( to unsubscribe. Hello! This is a reminder that our new NASDAQ alert today is SVRE. In premarket trading SVRE is already rallying upwards of 0.23, up +40% from Wednesday’s close under 0.16 after the company released breaking news this morning. Here is the breaking news from this morning: “SaverOne Announces First Distribution Agreement in the United States” - “SaverOne signs a distribution agreement with Motor Supply Inc., expanding into the US market and securing a minimum of 37,600 installations over the next 5 years” “Petah Tikvah, Israel, Sept. 26, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions, today announced it has signed a new distribution agreement in the United States with a leading trucking company, Motor Supply Inc. (Motor Supply). Motor Supply has been granted exclusive rights in 10 U.S. states to sell, install, and support SaverOne's solution. This agreement follows a successful pilot program in February 2024.” Here are some of the comments from this press release: “Mr. Ori Gilboa, CEO of SaverOne, commented, “We are excited to be partnering with Motor Supply as we expand our footprint into the U.S. market. This partnership follows a comprehensive and extended trial, during which all aspects of our system were rigorously tested and validated. Motor Supply is deeply focused on advanced transportation technologies and the fact that they see exceptional value in our solution to become our distribution partner, makes us incredibly proud. This distribution agreement guarantees us at least 37,600 orders over the next five years, which is very significant for us given that as of August-end we had a total of 3,750 installations globally. We are confident this new partnership will strengthen our presence in the United States and will contribute to our global growth.”” In addition: “Mr. Alex Abrashkin, Founder and CEO of Motor Supply commented, “We are thrilled to elevate our partnership with SaverOne, making their pioneering technology accessible to fleets throughout the United States. Committed to promoting a robust culture of road and driver safety, we continuously seek out innovations that bolster driver protection and mitigate accidents. The success of our pilot program with SaverOne confirmed the significant impact of their cell phone distraction prevention technology. Together with SaverOne we are proud to lead the way in advancing road safety through innovative solutions across the transportation industry. We foresee substantial market demand and invite both commercial and public fleets to join us in our mission to safeguard American roads.”” Full profile below: New Alert: SaverOne 2014 Ltd. (NASDAQ: SVRE) Over the past few weeks SVRE has been consolidating and now could be forming the start of a big breakout opportunity. SVRE has a history of experiencing significant upside in a short period of time and a chart setup suggesting the potential for increased gains. In addition, SVRE announced multiple developments recently... SVRE is a NASDAQ listed “technology company engaged in the design, development and commercialization of OEM and aftermarket solutions and technologies, to lower the risk of, and prevent, vehicle accidents”. The company’s “initial line of products is a suite of solutions that saves lives by preventing car accidents resulting from distraction from the use of mobile phones while driving”. SVRE is “also developing a sensor system for early location and direction detection under all visibility conditions of vulnerable road users (VRU) through their cellphone footprint”. As the company further explains: “SaverOne’s system is installed in vehicles to provide a solution to the problem of driver distraction, as a result of drivers using distracting applications on the mobile phone while driving, in a way that endangers their safety, the safety of their passengers and others on the road.” Sadly 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 road accidents just in the United States, stands at about $870 billion each year, excluding the costs of serious injury or death, with a quarter of those accidents estimated to be related to the use of the mobile phones while driving.” Here is how it works: “SaverOne's technology specifically recognizes the driver area in the vehicle and prevents the driver from accessing distracting applications such as messaging, while allowing others (e.g. navigation, calls), without user intervention or consent, creating a safer driving environment.” This could be a big opportunity for the company. Their “primary target markets include commercial and private vehicle fleets, including public transportation and buses, that are interested in reducing potential damages and significant cost, vehicle manufacturers that are interested in integrating safety solutions to their vehicles, and insurance and leasing companies”. SVRE “initially addresses car fleets with focus on the Israeli, European and US markets, as well as other markets around the world”. In addition, the company's “strategy is to provide its technology for installation to customers in the aftermarket as well as address OEM vehicle manufacturers, to install the Company's protection technologies during the vehicle manufacturing process”. SVRE has announced multiple accomplishments recently that could be significant growth catalysts for the company. Here are some of the company’s “Recent Developments in the First Half of 2024” from their August press release: - “SaverOne to Install its System Across Entire Strauss Group Fleet. Strauss Group is one of the largest food manufacturers in Israel with a fleet of over 80 food delivery trucks. The new order covering the entire Strauss delivery fleet, follows a successful trial on 17 Strauss trucks, in which Strauss' management noted a statistically significant reduction in accident rates in the trucks that had the SaverOne system installed.” - “SaverOne Signed Contract to Install its Systems on 300 Buses of Leading Israeli Transportation Company Bon Tour. Bon Tour is one of the leading private transit companies in Israel, operating hundreds of buses and providing transportation solutions and travel services to some of the largest companies in the country.” - “Leading Israeli Transportation Company Egged Tours Selects SaverOne's Driver Distraction Solution System for a contract to install 300 SaverOne Systems on all of its buses. Egged Tours, operating the largest tour bus fleet in Israel, is a subsidiary of Egged Transportation, Israel's largest bus company, with over 3,000 buses operating nationally with a vast network of urban and intercity routes.” - “SaverOne Granted New US Patent Strengthening its IP portfolio Supporting its Transportation Safety Solution. This marks SaverOne’s 23rd patent and describes SaverOne's advanced algorithms and its selective blocking mechanism to prevent the driver from accessing distracting phone functionalities while the vehicle is in motion.” - “SaverOne Launches New Pilot Project in the United States with Motor Supply, Inc., a trucking company based in Columbia, South Carolina. SaverOne's System was installed on a portion of Motor Supply's fleet of sixteen trucks. The pilot is expected to run over a period of 12 months and, if successful, could potentially expand to the rest of the fleet and any future trucks that Motor Supply may operate.” - “GB Tours to Expand its Installation of the SaverOne System Across its Full Fleet of Public Transportation and Tour Buses. GB Tours is a leading Israel-based public transportation company that operates public transportation lines as well as tour buses with a fleet of about one hundred buses. This order for 77 buses follows the conclusion of a successful pilot of the SaverOne System on 20 of GB Tours’ buses.” - “OEM Agreement Signed to Install the SaverOne Safety Solution in Volvo Buses in Mexico. SaverOne's Safety Solution will be installed in new Volvo buses that are manufactured for the Mexican market. The agreement provides Volvo with two years of exclusivity in the OEM market in Mexico. SaverOne will also provide twelve months of service and support for Volvo bus customers. After that period, Volvo bus customers will continue to receive SaverOne’s comprehensive service package for an on-going monthly fee.” - “SaverOne Signs Milestone OEM Agreement with IVECO to develop a solution to prevent driver distraction from cellphone use. The first IVECO vehicles with the integrated SaverOne software solution are expected to be delivered this year. IVECO and SaverOne will also collaborate within their service centers to offer comprehensive support for drivers that use this technology. SaverOne’s solution will be provided to IVECO’s customers under a software-as-a-service model.” - “SaverOne Expands its Collaboration with IVECO with its Vulnerable Road User Solution. Receives New Purchase Order for a vulnerable road user (VRU) proof-of-concept (POC). The POC will present SaverOne’s radio frequency (RF)-based solution that could be integrated in the vehicle Advanced Driver Assistance System (ADAS) to enhance vehicle safety. This solution is expected to be installed in one of IVECO’s vehicles in Europe in early 2025.” - “SaverOne Granted New European Patent encompassing SaverOne’s innovative system and groundbreaking methods that employ machine learning and channel fingerprinting techniques.” - “SaverOne: External Analysis Projects Annual $1.5 Billion Market Potential by 2035 for its RF-ADAS Technology. Announced spinoff company dedicated to advancing VRU sensor solution following the conclusion of a comprehensive project completed by a leading global consultancy firm which analyzed the addressable market potential, as well as the initial interest from OEMs. The consultancy firm's analysis projects a market potential annually of $1.5 billion by 2035.” - “Global Food Manufacturer Expands Installation of SaverOne Protection System. Follow-on order for 50 SaverOne Systems by the Israeli subsidiary of a leading global food manufacturer, for installation in their employee vehicles. This new order follows several successful trial phases and a prior order in November 2022, during which 80 employee vehicles in Israel were equipped with the SaverOne system.” - “Global Food Manufacturer Adopts SaverOne System for Supply Chain Truck Protection. Following the successful completion of a pilot of SaverOne Systems’ on the customer’s trucks, an integral part of their supply chain in Israel, the customer ordered 46 SaverOne Systems. The customer is the Israeli subsidiary of one of the world’s top food manufacturers.” - “Egged Tours Broaden Installation of SaverOne System Across its Entire Bus Fleet. The follow-on project will install the SaverOne system on an additional 60 buses and cover Egged Tours’ entire fleet at its central hub of 130 vehicles. Egged Tours is a subsidiary of Egged Transportation, Israel's largest public bus fleet with over 3,000 buses, representing significant broader sales potential for SaverOne.” In addition, the company also announced: “SaverOne Announces Strategic Acquisition of Micronet’s Generation-3 Camera IP” Here are some of the comments from this press release: “This acquisition of products and related IP is a new component of our ongoing strategy to broaden our product offerings and solutions for customers,” commented Ori Gilboa, CEO of SaverOne. “We believe that we are acquiring a robust IP suite and next-generation cameras that complement our existing solution and supports our intention to create a unique combined product with both camera and cellular distraction prevention solution. This transaction represents a significant opportunity for future revenue growth, as well as potential for new customer acquisition, particularly in the United States.” In September, the company announced: “Froneri Israel Orders SaverOne Systems to Provide Safety Coverage for its Entire Fleet” Here are some of the comments from this press release: “Mr. Ori Gilboa, CEO of SaverOne, commented, “We are delighted that Froneri, an early customer of ours, is expanding its use of the SaverOne System across its entire fleet in Israel. This is a strong testament to the effectiveness and reliability of our technology in enhancing the safety of their employees and preventing accidents caused by driver distraction within Froneri’s fleet over the past three years. We look forward to expanding our partnership with Froneri, with the goal of broadening sales to some of their other subsidiaries around the world.”” Most recently, last Tuesday, the company announced: “SaverOne Launches Four Pilot Projects with Customers of Volvo Buses Mexico” Here are some of the comments from this press release: “Mr. Ori Gilboa, CEO of SaverOne, commented, “We are incredibly proud of our developing collaboration with Volvo Buses, a major bus manufacturer and leader in the transportation sector. These pilot projects in Mexico are the initial fruits of our recent OEM agreement with Volvo Group and marks a significant step forward in SaverOne’s ongoing activities to broaden its global reach. Furthermore, this OEM agreement provides for significant potential to extend our collaboration with other Volvo subsidiaries throughout the world.”” In addition: “Continued Mr. Gilboa, “These four new customers are important bus operators in Mexico and the potential from these pilots are hundreds of additional buses. As these pilots demonstrate, in 2024, we are becoming increasingly successful at broadening our operations across multiple regions, including Europe, the United States and Mexico. We see immense further potential in our Volvo Bus collaboration, and we are excited about the possibilities it holds for the future.”” Last Wednesday, the company announced: “SaverOne Announces New Pilot with Malta Public Transport Company” Here are some of the comments from this press release: “Mr. Ori Gilboa, CEO of SaverOne, commented, “We are excited to start work in a new geography with Malta’s major bus company, the Malta Public Transport Company. This new pilot as well as the increasing scope of work with our regional distributor, has opened up a significant opportunity to bring our technology to Malta and underscores our growing penetration into European and international markets. We look forward to a successful evaluation and the potential for expanding sales in Malta and Europe.”” SVRE could be in a position to experience increased growth. Make sure to do your own due diligence. Sources: [PR1]( [PR2]( [PR3]( [PR4]( [PR5]( [PR6]( [Website]( [Chart]( Happy Trading! AwesomeStocks Note: We encourage all traders and investors to develop personal trading rules that you can follow and that work for you. Always protect your downside and note that we alert extremely volatile short-term opportunities. Before investing in securities, you should always consult with your financial, tax and legal advisor and never invest money you cannot afford to lose. 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