Every driver on the road, every operator on the job, every pilot in the sky should be sober. Period. Yet alcohol-related accident rates continue to climb, and technology has not kept pace with this epidemic…until now. Introducing SOBR® Safe, a revolution in blood alcohol detection from TransBiotec, soon to be Mystical Labs
"Nearly 50% of industrial injuries and fatalities are alcohol related. Commercial Fleets suffer from over 11,000 alcohol related accidents every year. That rate is climbing and technology has failed to keep pace with this epidemic"
Sobr Safe Inc. (OTCCQB: SOBR) has appointed Jerry Wenzel as chief financial officer.
Wenzel will replace David Gandini, who is also the company’s CEO. Gandini will continue in that role. His stepping down and Wenzel’s hiring were a planned part of Sobr Safe’s restructuring as it prepares to be listed on the Nasdaq.
Under the terms of the financing, we received $2,500,000 from the Purchaser and in exchange issued the Purchaser an 18% Original Issue Discount Convertible Debenture in the principal amount of $3,048,780.50 (the "Debenture") and a Common Stock Purchase Warrant to purchase up to 1,219,512 shares of our common stock (the "Warrant"). The Debenture matured on March 27, 2022 and we did not make the required payment putting us in default under the terms of the Debenture
Sobr Safe Inc. (OTCQB: SOBR), a company developing touch-based alcohol-detection systems, reduced its operating loss for the 2021 fiscal year to $7.87 million from $29.9 million in 2020, a decrease of 73.7%.
Creating alcohol-free environments to increase productivity and save lives.
SOBRSafe® device - a non-invasive, touch-based identity verification and alcohol detection solution.