Distraction from cell phone use is not a matter of fate!
SVRE’s unique Distracted Driving Protection System (DDPS) is installed in vehicles to provide a solution to the problem of driver distraction that endangers their safety and the safety of their passengers.
“Preventable accidents continue to claim lives and cause injuries. Our DDPS ensures that drivers remain focused on driving safely and undistracted, mitigating a significant risk."
CEO Ori Gilboa
The CDC tells us that over 3,000 people will die from distracted driving in 2023. These are deaths that could be avoided!
Just imagine this: You are driving 55 miles per hour, and you take your eyes off the road for just 5 seconds to look at your phone. That 5 seconds is traveling the entire length of a football field all while being distracted.
Cellular distraction is the leading cause of road accidents. Distracted driving is now a global traffic safety issue that doesn’t nearly get enough discussion.
In almost every U.S. state, using your cell phone while driving is not only dangerous but also illegal. This unfortunately does not stop many people from doing it.
With busy lifestyles and cell phones offering all kinds of apps and tools, it’s no surprise that many people are on their phones while driving.
Israel-based SVRE is a growing NASDAQ company that has a line of products and solutions aimed at saving lives by preventing car accidents due to distracted driving.
While most existing safety measures focus on reducing damage, warning of the risk of an accident, or correcting driver errors, SaverOne controls/preempts the distraction.
With customers and strategic partners, companies like Iveco, one of the largest Truck manufacturers and Cemex Group (NYSE: CX) a global leader in the building materials , SVRE is rapidly inking deals and bringing their products to the roads.
New and growing orders demonstrate that customers and potential customers are increasingly recognizing the value of the company’s solutions, both in Israel and internationally.
Founded in 2014 with a mission to make roads safer for drivers, passengers, and pedestrians alike, SaverOne develops cellular network-based technological solutions for reducing road accidents.
The company’s innovative system for identifying and limiting the use of certain apps on mobile devices while operating a vehicle has already been widely adopted by dozens of companies in Israel.
Fully supported in Android and iOS phones, SVRE’s system supports up to 5 phones in the vehicle and up to 3 connected to the system. There is an alarm when the system finds an unconnected phone located in the driver’s area.
The system blocks the driver’s incoming messages while driving with an automatic text response.
Over the air software updates are seamless.
Any company or organization that is interested in protecting its employees from cell phone distractions and owns:
Offering premium incentive through safer driving with SaverOne protection.
Integrating SaverOne’s Distracted Driving Protection technology is in development.
SVRE is also developing an additional system that can detect and warn the driver of VRU’s (Vulnerable Road Users and pedestrians) crossing when the driver’s field of vision is extremely limited. This system is currently in advanced stages of development.
Vulnerable-Road-Users (VRUs): pedestrians and cyclists are ‘glued’ to their smartphones. VRUs are estimated to be 70% of the death cases in urban accidents, and almost 40% of them are pedestrians.
Safety risks of pedestrian crossing points with reduced visibility are high.
The challenge increases due to adverse weather conditions & Non-Line-of Sight (NLoS) – where performance of Radar, Lidar and Camera is degraded. These things provide vehicle situational awareness.
SVRE’s technology enhances the performance of the sensor team (Camera, Lidar and Radar) through its superior abilities to deal with the NLoS, adverse weather conditions and low visibility in a way that no other sensor can.
There are many ways that one can become distracted while driving. A driver’s mind may wander to the problems they have to face that day. They may reach for something in the passenger’s seat or look at something on the side of the road. Perhaps worst of all, they may try to read or send a text message, which causes them to take their thoughts, eyes, and hands away from the task of driving.
Mikusova, Miroslava, Joanna Wachnicka, and Joanna Zukowska. "Research on the Use of Mobile Devices and Headphones on Pedestrian Crossings—Pilot Case Study from Slovakia." Safety 7.1 (2021): 17
The distracted driving 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 $870B 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.
SVRE’s technology is game-changing, as it 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.
There is clear potential ahead for this quietly trading NASDAQ company and long-term growth looks optimistic!
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