SOBR Safe Inc (NASDAQ:SOBR) has signed an agreement with a Top 100 Property & Casualty insurance company to conduct two pilot tests with last-mile fleet customers, as paid for by the insurer.
What Happened: The A-rated insurer is evaluating SOBRsafe for potential nationwide integration to empower commercial customer safety savings in the consumer vehicle market.
"This agreement and these pilots represent a significant step to becoming an integral part of the insurance value equation," said SOBRsafe Chief Revenue Officer Michael Watson.
Why It Matters: SOBRsafe's flagship solution SOBRcheck was recently named a "Game Changer" by the Michigan Manufacturers Association.
SOBRsafe has developed a proprietary, touch-based identity verification, alcohol detection, and cloud-based reporting system. The technology is transferable across stationary access control, personal wearables, and telematics integration.
This patent-pending alcohol detection solution helps prevent an intoxicated worker from taking the factory floor or a driver from receiving the keys to a truck, bus, or heavy machinery.
Price Action: SOBR shares closed at $0.92 on Tuesday.
