SaverOne Expands Partnership with Cemex to Offer Driver Distraction Prevention System in Europe

SaverOne 2014 has expanded its relationship with Cemex by deploying its Driver Distraction Prevention System across Cemex's fleet in Europe. This agreement builds on the successful rollout of SaverOne's Safety solution in global markets and adds another of Cemex's global operations to its customer roster.

SaverOne 2014 Ltd. (Nasdaq: SVRE) has expanded its relationship with Cemex by deploying its Driver Distraction Prevention System (DDPS) across Cemex's fleet in Europe. This agreement builds on the successful rollout of SaverOne's Safety solution in global markets and adds another of Cemex's global operations to its customer roster. The new partnership follows successful implementations of SaverOne's technology in other Cemex operations worldwide.

The agreement represents a strategic milestone in SaverOne's global expansion and demonstrates Cemex's continued confidence in SaverOne's safety solution. CEO Ori Gilboa highlighted this development as validation of their DDPS technology and expressed commitment to supporting Cemex's safety initiatives across their global fleet operations. The deployment of SaverOne's DDPS will help Cemex enhance the safety of its drivers and contribute to its overall safety culture.

The global low carbon building market is projected to reach $1.3 trillion by 2033, growing at a CAGR of 9.1% from 2024 to 2033 [2]. This growth is driven by increasing awareness of environmental sustainability and the need for energy-efficient buildings. Companies like Cemex are at the forefront of this movement, integrating low carbon technologies into their operations and supply chains.

SaverOne's DDPS technology is designed to prevent driver distraction by recognizing the driver area in the vehicle and preventing access to distracting applications such as messaging. This technology addresses a significant global safety issue, with the US National Highway Traffic Safety Administration estimating that about 25% of road accidents in the United States are related to the use of mobile phones while driving [1]. By deploying SaverOne's DDPS, Cemex can help reduce the risk of accidents and improve the safety of its drivers and passengers.

The new agreement with Cemex is part of SaverOne's strategy to provide its technology to customers in the aftermarket and address OEM vehicle manufacturers to integrate its protection technologies during the vehicle manufacturing process. This expansion will help SaverOne further establish its brand in the global market and position itself as a leader in transportation safety solutions.

References:
[1] https://www.stocktitan.net/news/SVRE/saver-one-broadens-its-relationship-with-cemex-an-additional-6su82kb67fr4.html
[2] https://www.alliedmarketresearch.com/low-carbon-building-market-A325511