SOBR Safe, Inc., which has developed a proprietary, touch-based identity verification, alcohol detection and cloud-based reporting system, said it closed on its previously announced financing of a $3,048,780.50 convertible debunture ans warrants to purchase up to 1,219,512 common shares.at $2 a share.
SOBRsafe has developed a proprietary, touch-based identity verification, alcohol detection and cloud-based reporting system. The technology is transferable across innumerable form factors, including personal wearables, stationary access control and for telematics integration. It is being readied for deployment for school buses, commercial fleets, workplaces, managed care, young drivers and more.
SOBRsafe’s patent-pending alcohol detection solution helps prevent an intoxicated worker from taking the factory floor, or a driver the vehicle keys. An offender is immediately flagged, and the employer (or parent, rehab sponsor, etc.) is empowered to take the appropriate corrective actions.
Nearly half of all industrial accidents with injuries are alcohol-related, and workers with an alcohol problem are 270% more likely to have an accident. the company says.
SOBRsafe Chairman Dave Gandini said the company is “proving our technology via pilot testing and intend to initiate commercial manufacturing in October. Our enrollment and reporting software system is fully developed and in daily use. SOBRsafe stands at an exciting inflection point, and we are grateful to our new financial partners for helping fuel our market launch.”
SOBR closed yesterday at$2,50 a share in over-the-counter trading.