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SaverOne 2014 Ltd. (NASDAQ:SVRE) (TASE: SVRE), a technology company engaged in advanced transportation safety solutions, today announced it is launching a pilot with Cemex in Spain, covering ten trucks in two regions. This new pilot follows recent successful installation of SaverOne's solution across Cemex Israel's full fleet of employee vehicles and operational trucks.
Cemex Group (NYSE:CX) is a global leader in the building materials industry with offices throughout Europe, Middle East, Asia, Africa (EMEA), United States of America (USA), Mexico, South and Central America and the Caribbean (SCA&C). Cemex's supply chain includes maritime and land transportation around the world, with a fleet of many thousands of both heavy and light vehicles.
Mr. Ori Gilboa, CEO of SaverOne, commented, "This is a significant milestone for SaverOne representing our first pilot in Europe. Our cooperation with Cemex, which started from a small pilot project in Israel and then expanded to their full employee fleet of passenger cars and trucks in Israel, continues to grow internationally and now we have penetrated into Cemex in Europe through Cemex in Spain. Cemex is very much a successful demonstration of our land-and-expand strategy where an initial penetration into a highly strategic local company subsidiary, soon turned into an order covering their entire employee fleet in Israel, and ultimately led to an initial penetration of their European fleet. We are seeing growing traction with this strategy and are increasingly realizing its significant potential. This European Cemex pilot, which comes soon after our recently announced pilots in the USA and Abu Dahbi, marks the first steps in our global expansion."
