$SVRE News Out! 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.

Motor Supply, based in Columbia, South Carolina, specializes in leveraging cutting-edge technologies to efficiently transport goods across the United States.

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."

https://www.globenewswire.com/news-release/2024/09/26/2953762/0/en/SaverOne-Announces-First-Distribution-Agreement-in-the-United-States.html