Welcome to our dedicated page for Sobr Safe news (Ticker: SOBR), a resource for investors and traders seeking the latest updates and insights on Sobr Safe stock.
SOBR Safe, Inc. (Nasdaq: SOBR) is a developer of next-generation alcohol monitoring and detection technology, and its news flow reflects both technology milestones and capital markets activity. The company focuses on transdermal, touch-based alcohol detection that reports in real time through a cloud-based data platform, with applications in behavioral health, family law, consumer markets and related safety and compliance contexts.
On this page, readers can follow SOBRsafe news such as quarterly financial and operating results, where the company reports revenue trends, gross margin, operating expenses and net loss, along with commentary on device deployments and software subscription growth. Earnings releases also highlight the contribution of SOBRsure GEN 2 hardware and software to total revenue and the evolution of annual recurring revenue from subscription sales.
SOBRsafe’s news also covers product and technology developments, including independent third-party validation of the SOBRsure GEN 2 device, enhancements to its mobile application and software platform, and intellectual property updates such as the granting of a European Patent for the SOBRcheck device. Corporate updates describe marketing initiatives, conference participation, sales efforts in behavioral health and family law markets, and organizational changes, including board appointments and additions to the leadership team.
Investors can also track financing announcements, such as private placements of common stock and warrants, and related use of proceeds for working capital and general corporate purposes. For anyone monitoring SOBR stock, this news feed provides a centralized view of the company’s reported progress in technology validation, market outreach, subscription growth and capital structure. Bookmark this page to review new press releases, regulatory disclosures referenced in 8-K filings and other company communications as they are issued.
SOBR Safe, Inc. (Nasdaq: SOBR) has partnered with Continental Services to implement its SOBRcheck™ alcohol screening technology following a successful pilot program. Continental, Michigan's largest food management firm, aims to enhance employee safety and reduce insurance costs. SOBRcheck™ provides non-invasive alcohol detection and real-time data analytics. This collaboration marks SOBR's entry into the last-mile fleet market, with Continental CEO Matt Hubbard praising the solution's capability to support safe operations and manage alcohol policies effectively.
SOBR Safe, Inc. (Nasdaq: SOBR) has entered a master service agreement with BGM Electronic Services, Inc., a leader in product realization for major automotive companies. This partnership will enable SOBRsafe to consolidate product development and manufacturing of its alcohol safety devices, enhancing scalability and quality. SOBRsafe's flagship product, SOBRcheck, offers non-invasive alcohol detection, aimed at reducing alcohol-related accidents in workplaces and on roads. The annual cost of alcohol abuse in the U.S. is estimated at $249 billion.
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SOBR Safe, Inc. (NASDAQ:SOBR) will present at the LD Micro Invitational XII investor conference on June 8, 2022, at the Four Seasons Westlake Village, California. CEO Dave Gandini is scheduled to speak at 4:00 PM PT and will be available for one-on-one meetings. SOBR Safe aims to combat alcohol abuse, which costs the U.S. $249 billion annually, with its innovative alcohol detection technology. This event showcases emerging companies and offers investors insights into potential market leaders.
SOBR Safe, Inc. (NASDAQ:SOBR) announced its first Master Distributor Agreement with RecoveryTrek, enhancing its national reach for alcohol safety management solutions. RecoveryTrek, established in 2011, aims to resell SOBRsafe products, leveraging its extensive industry presence to tap into new markets. The flagship product, SOBRcheck, offers real-time alcohol detection through a non-invasive method. This partnership signals a strategic move towards increased revenue growth and a commitment to advancing alcohol safety standards.
SOBR Safe (NASDAQ:SOBR) has announced a multi-year service agreement with Advance Freight Traffic Service, following a successful pilot program. The partnership will utilize SOBRsafe's alcohol screening technology. Advance Freight, a freight auditing firm based in Michigan, plans to recommend SOBRsafe’s solutions to major commercial fleet decision-makers. This agreement positions SOBRsafe to enhance safety in commercial transportation, addressing the critical issue of alcohol-related accidents, which account for a significant portion of industrial incidents.
SOBRsafe has successfully launched its innovative solution, SOBRcheck, at the NDASA conference in May 2022. This touch-based alcohol detection system aims to combat alcohol abuse in safety-sensitive positions. The product has received positive feedback from insurers and users, leading to potential insurance discounts for clients. With the annual cost of alcohol abuse in the U.S. at $249 billion, SOBRcheck offers a preventative approach that could transform workplace safety.
Aegis Capital Corp. served as the Lead Bookrunning Manager for a $10 Million Public Offering and Uplisting to the Nasdaq for SOBR Safe (NASDAQ:SOBR) on May 18, 2022. SOBR Safe is addressing the $249 billion annual cost of alcohol abuse in the U.S. with its innovative alcohol detection and identity verification technology. This patent-pending solution targets commercial fleets and workplaces to enhance safety by preventing intoxicated individuals from operating machinery or vehicles. The technology aims to foster a culture of prevention across various industries.
SOBR Safe, Inc. (NASDAQ:SOBR) has successfully completed its underwritten public offering of 2,352,942 units at a price of $4.25 per unit, generating $10 million in gross proceeds. Each unit consists of one share of common stock and two warrants, with an exercise price of $4.25. The offering included a 45-day over-allotment option for the underwriter, Aegis Capital Corp., which exercised part of this option. The funds are expected to support SOBRsafe's innovative alcohol policy management solutions, aimed at enhancing workplace safety.
SOBR Safe, Inc. (OTC: SOBR) has priced its public offering of 2,352,942 units at $4.25 each, aiming for gross proceeds of $10 million. Each unit includes one share of common stock and two warrants, exercisable immediately at the same price. Aegis Capital Corp. has a 45-day option to purchase additional shares or warrants. The offering closes around May 18, 2022, with an expected total gross of $11.5 million if fully exercised. Additionally, SOBR's common stock will start trading on the Nasdaq Capital Market under the ticker "SOBR" on May 16, 2022.
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