#DistractionPrevention
Solutions (Nasdaq: $SVRE) (NASDAQ:
$AAPL) (NASDAQ: $GOOG) (ACE.AX) @SaverOne_ @Apple @Google @acusensus
The Road to #Safety;
The Answer to #DriverTech Distraction is New Technology
Vancouver,
Kelowna, Delta, BC – August 3, 2023 - Investorideas.com, a
leading investor news resource covering tech and security stocks issues a
report on the evolving road safety market as technology emerges to save lives,
featuring SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a
technology company specializing in transportation safety solutions.
Read this article,
featuring SVRE in full at https://www.investorideas.com/news/2023/technology/08031Distraction-Prevention-Solutions.asp
According to AlliedMarketResearch, the global road
safety market was valued at $4.7 billion in 2021 and is projected to reach
$14.8 billion by 2031, growing at a CAGR of 12.5% from 2022 to 2031.
Existing and emerging technologies have great potential to reduce
distracted driving, which contributes to thousands of deaths each year in the
United States, according to a new National
Distracted Driving Coalition (NDDC) report.
“Many people think of technology, especially smartphones and complicated
infotainment screens as a major cause of distracted driving,” says Dr. Pnina
Gershon, a researcher at Massachusetts Institute of Technology and co-author of
the new report. “While that’s true, other technologies can potentially help
keep people focused on driving or help them avoid a crash if they are
distracted.”
SaverOne
2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a
technology company specializing in transportation safety solutions recently announced that
July 2023 was a record month for new installations of its Driver Distraction
Prevention Solution (DDPS). During July, the Company installed its innovative
safety solution on 299 new vehicles and ended the month with an install-base of
approximately 2,700 in the Israeli market, reflecting growing and broad adoption
of SaverOne's DDPS system.
Ori
Gilboa, CEO of SaverOne commented, "This record level of installations in
the past month, demonstrates that SaverOne continues to progress in the right
direction. Furthermore, based on our open orders, we expect to continue growing
our install-base for the foreseeable future. Another positive sign is that
while our installations are currently predominantly in Israel, a growing
portion of our customers are local subsidiaries of global companies, and we
intend to leverage them to access their global headquarters and fleet, as part
of our expansion into international markets."
Mr.
Gilboa continued, "I am thrilled that SaverOne is now firmly in the early
revenue growth phase in its corporate lifecycle. We look forward to continuing
to broaden our customer base and accelerate the growth of our install-base in
the months and years ahead."
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 and the safety
of their passengers. 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. 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), without user intervention or consent, creating a safer
driving environment.
SaverOne's
primary target markets include commercial and private vehicle fleets 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. SaverOne initially addresses car
fleets with focus on the Israeli, European and US markets, as well as other
markets around the world. SaverOne believes that ultimately increased focus on
monitoring and prevention of cellular distraction systems in vehicles, in
particular driven by upcoming expected EU regulation, will likely have a
dramatic positive impact on the demand for its systems in the future.
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.
Based on it’s core
Technology SaverOne is also developing an ADAS Sensor
system for early location and direction detection under all visibility
conditions of vulnerable road users (VRU) through their cellphone footprint.
According
to a July report from
auto safety group IIHS.org, “Even without our prodding, tech companies have
made big strides. Apple ( NASDAQ: AAPL) and
Google ( NASDAQ: GOOG) deserve
credit for making apps that block calls and notifications while the user is
driving part of their operating systems — though the Android system does not
prompt the user about turning it on during the initial setup procedure. Other
firms and app developers are working on improving driver monitoring,
incentivizing safe driving and other promising ideas.”
“Recent
updates to the ‘do not disturb’ feature may make it more palatable to users.
The latest versions allow ‘breakthrough’ alerts for urgent messages or
designated contacts and let users select music, get directions and perform
basic web searches using voice commands. For people with newer vehicles, Apple
CarPlay and Android Auto are designed to integrate the phone with the in-vehicle
infotainment system — but also to restrict overly complex interactions with the
device. Google Assistant’s driving mode provides a similar interface for
drivers of older vehicles using a dashboard mount for their Android phone.”
Australian
listed Acusensus (ACE.AX) has
designed, developed, patented and commercialized technology focusing on the
detection of distracted drivers who are illegally using mobile phones while
driving, and has expanded that technology offering to further address speed
(point and average), seatbelt enforcement and registration/number plate review.
In
February, Acusensus announced opening
its US headquarters in Las Vegas, Nevada. Regarding this decision, founder and
Managing Director of Acusensus, Alexander Jannink said that Las Vegas provides
a well-connected hub to be near customers to ensure accessibility to road
authorities, whom focus on road safety through implementing technological
solutions.
“North
America has a need and appetite for our road safety technologies. The Federal
Highway Administration in the US was granted $5 billion, with an additional
$15.6 billion allocated to the States’ Highway Safety Improvement Program,”
says Jannink. “We have spent time on the ground in the US to design our
solutions to satisfy the unique needs of the market in the USA, emphasising
policing over automation. This base further ensures we will make our equipment
for America, in America.”
According to the National Highway Traffic Safety
Administration’s (NHTSA) latest distracted driving report, in 2020, 3,142
people were killed and 324,652 people were injured in distraction-affected
motor vehicle crashes.
So, for future driver safety, the race is on for
companies to create technology to balance and manage the human error element in
using existing technology. The question is, where will this end?
About Investorideas.com -
Big Investing Ideas
We publish breaking
stock news, stock research, and guest posts and create original top rated
investing podcasts, plus sector tag articles featuring up and coming companies
and industry leaders. Investor Idea’s
original branded content includes the Crypto
Corner Podcast , Play by Play Sports Podcast , Cannabis
News and Stocks on the Move Podcast , Cleantech and Climate Change Podcast, Exploring Mining Podcast , Betting on Gaming Stocks Podcast
and the AI Eye Podcast. We
also create free investor stock directories for AI and tech, biotech, cannabis,
cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas,
sports and water.
Public companies within the sectors we cover can use our
news publishing and content creation services to help tell their story to interested
investors.
Disclaimer/Disclosure: Our
site does not make recommendations for purchases or sale of stocks, services or
products. This is not investment
opinion: Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Contact management and IR of
each company directly regarding specific questions. Disclosure: this
news article featuring SVRE is a paid for news release on Investorideas.com - More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other
news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country.
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact
Investorideas.com
800-665-0411
Get more Automotive Stocks Investor Ideas – news, articles and stock
directories
Get more Tech Stocks Investor Ideas- news, articles, podcasts and stock directories
No comments:
Post a Comment