SaverOne 2014 (SVRE) said Tuesday that its US distributor has completed its first pilot project with MDM Express in Charlotte, North Carolina and is now moving forward with the installation of the SaverOne transportation safety technology across MDM's fleet of 20 trucks.
The SaverOne system was developed to create a safer driving environment by preventing drivers from accessing distracting applications on their mobile phones such as messaging, while allowing them to use navigation and other applications.
Financial terms were not disclosed.
SaverOne shares were 1.2% higher in recent trading.
Price: 0.43, Change: -0.05, Percent Change: -9.61
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