Friday, May 24, 2024

SOBRsafe Inc. (NASDAQ: SOBR), An Advanced Alcohol Detection Solutions Provider, Signs Two New Agreements Covering Multiple Facilities, Eyes Additional Orders

 

  • SOBRsafe recently secured two new contracts: a hardware/software agreement with a Southern California-based behavioral health provider operating three facilities, and a reseller agreement with a new San Antonio, Texas-based channel partner
  • The behavioral health provider purchased and installed a SOBRcheck(TM) device in each of its three facilities to facilitate point-of-care alcohol screening
  • SOBRcheck(TM) has been shown to streamline operations and reduce expenses, delivering results instantaneously compared to 45 seconds per person in cases where breathalyzer tests were administered
  • SOBRsafe’s new channel partner purchased an initial three SOBRcheck(TM) devices and two SOBRsure(TM) wearable wristbands and plans to place an additional order for both devices
  • So far in 2024, SOBRsafe has secured 18 new accounts, compared to three accounts booked in all of 2023

Committed to creating a culture of prevention and support through its suite of advanced touch-based alcohol detection solutions and a powerful backend data platform, SOBRsafe (NASDAQ: SOBR) provides next-generation technology for the behavioral health, judicial and consumer markets. In the first quarter of 2024, the company secured 16 new contracts to provide its products, which, according to the company’s Chairman and CEO, Dave Gandini, represented “just the beginning of our broad adoption in behavioral health and justice” (https://ibn.fm/d9Zc8).

As a testament to the increasing adoption of its products, SOBRsafe recently celebrated the signing of a hardware/software agreement with a Southern California-based behavioral health provider operating three facilities. The customer – who offers inpatient detoxification, residential treatment and outpatient services – purchased and installed a SOBRcheck(TM) device in each of its three facilities to facilitate point-of-care alcohol screening. SOBRcheck(TM)’s installation is expected to streamline operations at the three facilities with real-time results reporting. It is also expected to eliminate expenses through its unmanned screening capabilities (https://ibn.fm/Dma8k).

SOBRcheck(TM) was SOBRsafe’s launch product. It is a high-volume passive alcohol screening solution that is fitted with a transdermal sensor to detect alcohol excreted through the skin, providing results automatically and in seconds. In addition to alcohol detection, the device supports biometric identification; it simultaneously scans a person’s fingerprint during alcohol screening and, as a result, ties the alcohol scan results to that person’s ID in a privacy-compliant manner. This way, SOBRcheck(TM) prevents circumvention and enhances security. Beyond scanning, the device wirelessly delivers the results to a central dashboard for immediate appropriate action.

SOBRcheck(TM)’s unique capabilities have been shown to dramatically reduce the time spent screening persons and recording the results. Earlier this year, SOBRsafe released a case study that detailed how Alternatives, Inc., a Billings, Montana-based non-profit providing alternatives to incarceration for federal, state and local offenders, has benefited from integrating SOBRcheck(TM) into its operations. Alternatives installed SOBRcheck(TM) at one of its facilities, a men’s pre-release center called Alpha House that serves as an intermediate step between prisons and the community.

“When the facility was using the traditional breathalyzer, the average process time – with the breathalyzer test, checking IDs, and manually recording data – was 45 seconds per person. Conversely, SOBRcheck(TM) delivers the client’s identity verification and alcohol status in just 10 seconds,” reads the case study (https://ibn.fm/bsDFB).

In addition to the hardware/software agreement, SOBRsafe also reported the signing of a reseller agreement with a new San Antonio, Texas-based channel partner, Alcohol Monitoring Solutions (d/b/a 365IID), servicing the justice, workplace safety, and family law markets. For its part, 365IID purchased an initial three SOBRcheck(TM) devices and two SOBRsure(TM) wearable wristbands. (SOBRsure(TM), SOBRsafe’s second product, is a transdermal, alcohol-detecting wearable that provides continuous, mobile alcohol monitoring.)

The channel partner plans to place an additional order for both devices. According to the announcement, 365IID is presenting the SOBRsafe technology in the San Antonio and El Paso areas for pre-trial and Drug Court applications, as well as for workplace safety in warehouses.

With the two most recent agreements now activated, SOBRsafe has now secured 18 new accounts in 2024, compared to three accounts booked in all of 2023. The company is positioned for accelerated growth. “We believe that success breeds success and that these new relationships will spark additional and larger deals. To fuel this growth, we have a strong team of four direct sales professionals and eight behavioral health field affiliates across key markets,” said Gandini during a presentation delivered last month as part of the Lytham Partners Spotlight Series (https://ibn.fm/2CTDH).

In addition to targeting the behavioral health, judicial and consumer markets, the company is also eyeing licensing and integration. “We also continue to talk with industry players about potentially using our patent-pending SOBRsafe technology and unique data in their third-party devices and software. While nothing is imminent, a licensing or integration deal would be a means of generating non-dilutive capital and could be a source of ongoing royalty revenue,” hinted Gandini.

For more information, visit the company’s website at www.SOBRsafe.com.

NOTE TO INVESTORS: The latest news and updates relating to SOBR are available in the company’s newsroom at https://ibn.fm/SOBR

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