Press Release: Sobrsafe Releases Real-Time Alcohol Detection Wristband With Premium Updates

Sobrsafe Regains Compliance With Nasdaq Listing Requirements

Reuters

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Sobr Safe Inc Files For Resale Of Up To 31.04 Million Shares Of Common Stock - Sec Filing

Reuters

SOBR Safe

-2.95%

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Sobrsafe Launches Revolutionary Alcohol Detection Software: Transforming Patient Care For Behavioral Health Providers

Reuters

SOBR Safe

-2.95%

DENVER, CO / ACCESSWIRE / October 22, 2024 /SOBRsafe, Inc. (NASDAQ:SOBR) ("SOBRsafe"), the leader in next-generation transdermal alcohol detection technology, is proud to announce the launch of its fully-integrated enterprise software solution for point-of-care screening (SOBRcheck™) and continuous monitoring (SOBRsure™). This new innovative platform is expected to transform how health providers monitor and manage alcohol compliance, delivering unprecedented real-time visibility across multiple users and locations in one dynamic dashboard.

"We created the SOBRsafe enterprise software to address the significant challenges experienced by behavioral health centers and providers across the country," stated David Gandini, CEO of SOBRsafe. "By integrating our technologies into an effective and user-friendly dashboard, we equip users with powerful monitoring tools to drive positive outcomes while significantly impacting organizational efficiency."

The current methods for monitoring alcohol use are outdated and inefficient. They rely on invasive, unhygienic, physical testing and printed reports which can delay interventions and negatively impact patient care. SOBRsafe's transdermal alcohol detection devices, combined with the integrated enterprise software platform, offers a comprehensive solution. The advanced touch-based technology detects alcohol emitted through the skin, eliminating the need for breath, blood, or urine samples. Information is instantly reported and accessible via computer or mobile device, allowing providers to monitor hundreds of patients across various locations through a streamlined digital dashboard. This setup ensures immediate visibility into any detected alcohol use, enabling timely interventions and support.

SOBRsafe's innovative software offers real-time insights into alcohol use throughout the treatment journey, creating the first definitive electronic alcohol record across the continuum of care. The new software integrates device data into an intuitive desktop interface with user-friendly navigation, allowing health providers to aggregate all activities onto a single screen. This significantly enhances responsiveness and reduces recidivism, providing hope for improved patient outcomes.

Moving beyond localized management, this software empowers providers to take holistic views of their organization. Moreover, the software features robust lookback capabilities that demonstrate historical performance and activity, a crucial ability for individuals needing to show compliance with third parties.

"SOBRsafe technology has transformed our operations," said Keenen Diamond, President of Oceanfront Recovery. "Now, all clients can be monitored from one platform - with the integration of the SOBRsafe dashboard into our electronic medical records (EMR), we will make the final step towards absolute efficiency for our team and accountability for our staff. This integration will save us time and significantly improve our ability to support client recovery, whether inpatient or outpatient."

The launch of the enterprise software marks a significant milestone in SOBRsafe's continued evolution and mission to enhance accountability and support recovery. By equipping behavioral health providers with this innovative and efficient solution, the Company is setting a new standard for monitoring and managing alcohol compliance, ultimately transforming the treatment of addiction and alcohol use disorder (AUD).

To learn more about SOBRsafe's enterprise software for behavioral health centers, visit sobrsafe.com/technology.

ABOUT SOBRsafe

Alcohol misuse is the fourth leading cause of preventable death in America, and the seventh worldwide. Yet prevention and monitoring solutions have not kept pace with this epidemic. Legacy technologies are invasive and inefficient, unhygienic and unconnected. There is a better way. Enter SOBRsafe™. Our advanced transdermal (touch-based) technology detects and instantaneously reports the presence of alcohol as emitted through a user's skin - no breath, blood or urine sample is required. With a powerful backend data platform, SOBRsafe provides next generation, passive detection technology for the behavioral health, judicial and consumer markets, and for licensing and integration. The SOBRsafe technology is commercially available for point-of-care screening (SOBRcheck) and continuous monitoring (SOBRsure). At SOBRsafe, our mission is to create better outcomes and save lives. To learn more, visit sobrsafe.com.

PRESS CONTACT

Amber Sabriamber@stanton-company.com 610.509.8258

Safe Harbor Statement

Our prospects here at SOBRsafe are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.

SOURCE: SOBR Safe, Inc.

View the original press release on accesswire.com

https://www.accesswire.com/img.ashx?id=934055

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Nasdaq Surges Over 100 Points; Schlumberger Reports Mixed Q3 Result

Benzinga

Schlumberger

-0.32%

United States Cellular

-0.52%

Bright Minds Biosciences

+1.85%

SOBR Safe

-2.95%

U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining over 100 points on Friday.

The Dow traded up 0.04% to 43,258.31 while the NASDAQ rose 0.67% to 18,496.61. The S&P 500 also rose, gaining, 0.40% to 5,865.01.

Check This Out: Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter

Leading and Lagging Sectors

Communication services shares jumped by 1% on Friday.

In trading on Friday, energy shares fell by 0.5%.

Top Headline

Schlumberger N.V. reported mixed third-quarter results.

Revenue grew 10.2% year over year to $9.159 billion, missing the consensus of $9.25 billion. Adjusted EPS increased 14% to 89 cents, above the consensus of 88 cents.

Equities Trading UP

United States Cellular Corporation shares shot up 7% to $62.56 after the company announced the sale of a portion of its retained spectrum licenses to Verizon for $1 billion.
Shares of Bright Minds Biosciences Inc. got a boost, surging 159% to $56.25. The company announced a $35 million non-brokered private placement.
SOBR Safe, Inc. S shares were also up, gaining 27% to $10.10 after the company announced it filed a form RW and will not pursue a public offering at this time.

Equities Trading DOWN

MGP Ingredients, Inc. shares dropped 25% to $60.96 after the company issued soft preliminary guidance and lowered its 2024 financial outlook.
Shares of Lilium N.V. were down 15% to $0.4917. On Thursday, Canaccord Genuity downgraded the stock from Buy to Hold and cut its price target from $1.85 to $0.70.
CVS Health Corporation was down, falling 6% to $59.83 after the company cut its third-quarter outlook.

Commodities

In commodity news, oil traded down 1.5% to $69.62 while gold traded up 0.9% at $2,731.20.

Silver traded up 4.9% to $33.325 on Friday, while copper rose 1.5% to $4.3880.

Euro zone

European shares closed mostly higher today. The eurozone's STOXX 600 rose 0.21%, Germany's DAX rose 0.38% and France's CAC 40 climbed 0.39%. Spain's IBEX 35 Index rose 0.17%, while London's FTSE 100 fell 0.32%.

Construction output in the Eurozone fell by 2.5% year-over-year in August compared to a revised 2.3% decline in the previous month. The current account surplus in the Eurozone increased to €35.2 billion in August from €26.8 billion in the year-ago period.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 0.18%, Hong Kong's Hang Seng Index climbing 3.61%, China's Shanghai Composite Index gaining 2.91% and India's BSE Sensex gaining 0.27%.

Economics

U.S. housing starts fell by 0.5% from the previous month to an annualized rate of 1.354 million units in September.
Building permits declined by 2.9% to an annual rate of 1.428 million in September.
The total number of active U.S. oil rigs rose by one to 482 rigs this week, Baker Hughes Inc reported.

Now Read This:

Wall Street’s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Crude Oil Down Over 1%; American Express Shares Fall After Q3 Results

Benzinga

American Express

+0.23%

United States Cellular

-0.52%

Bright Minds Biosciences

+1.85%

SOBR Safe

-2.95%

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining around 100 points on Friday.

The Dow traded up 0.03% to 43,252.87 while the NASDAQ rose 0.55% to 18,474.05. The S&P 500 also rose, gaining, 0.33% to 5,861.03.

Check This Out: Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter

Leading and Lagging Sectors

Communication services shares jumped by 1.2% on Friday.

In trading on Friday, energy shares fell by 1%.

Top Headline

American Express Co shares fell around 5% on Friday after the company reported results for the third quarter.

The company said quarterly revenue (net of interest expense) grew 8% year-on-year to $16.64 billion, marginally missing the analyst consensus estimate of $16.67 billion. Adjusted EPS of $3.49 beat the analyst consensus estimate of $3.28.

Equities Trading UP

United States Cellular Corporation shares shot up 12% to $65.62 after the company announced the sale of a portion of its retained spectrum licenses to Verizon for $1 billion.
Shares of Bright Minds Biosciences Inc. got a boost, surging 196% to $64.35. The company announced a $35 million non-brokered private placement.
SOBR Safe, Inc. S shares were also up, gaining 55% to $12.30 after the company announced it filed a form RW and will not pursue a public offering at this time.

Equities Trading DOWN

MGP Ingredients, Inc. shares dropped 26% to $60.24 after the company issued soft preliminary guidance and lowered its 2024 financial outlook.
Shares of Lilium N.V. were down 11% to $0.5101. On Thursday, Canaccord Genuity downgraded the stock from Buy to Hold and cut its price target from $1.85 to $0.70.
CVS Health Corporation was down, falling 8% to $58.77 after the company cut its third-quarter outlook.

Commodities

In commodity news, oil traded down 1.2% to $69.84 while gold traded up 0.9% at $2,731.90.

Silver traded up 2.9% to $32.705 on Friday, while copper rose 1.2% to $4.3785.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 rose 0.1%, Germany's DAX rose 0.31% and France's CAC 40 climbed 0.35%. Spain's IBEX 35 Index fell 0.1%, while London's FTSE 100 fell 0.52%.

Construction output in the Eurozone fell by 2.5% year-over-year in August compared to a revised 2.3% decline in the previous month. The current account surplus in the Eurozone increased to €35.2 billion in August from €26.8 billion in the year-ago period.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 0.18%, Hong Kong's Hang Seng Index climbing 3.61%, China's Shanghai Composite Index gaining 2.91% and India's BSE Sensex gaining 0.27%.

Economics

U.S. housing starts fell by 0.5% from the previous month to an annualized rate of 1.354 million units in September.
Building permits declined by 2.9% to an annual rate of 1.428 million in September.

Now Read This:

Wall Street’s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Dow Falls Over 100 Points; Netflix Posts Upbeat Results

Benzinga

Bright Minds Biosciences

+1.85%

SOBR Safe

-2.95%

U.S. stocks traded mixed this morning, with the Dow Jones falling over 100 points on Friday.

Following the market opening Friday, the Dow traded down 0.35% to 43,086.52 while the NASDAQ rose 0.73% to 18,507.31. The S&P 500 also rose, gaining, 0.26% to 5,856.65.

Check This Out: Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter

Leading and Lagging Sectors

Communication services shares jumped by 1.4% on Friday.

In trading on Friday, energy shares fell by 0.6%.

Top Headline

Netflix Inc reported stronger-than-expected third-quarter financial results, posting revenue of $9.825 billion, up 15% year-over-year, versus market estimates of $9.769 billion.

The company ended the third quarter with 282.72 million global paid subscribers, up 14.4% year-over-year.

Equities Trading UP

Catheter Precision, Inc. shares shot up 249% to $1.54.
Shares of Bright Minds Biosciences Inc. got a boost, surging 133% to $50.66. The company announced a $35 million non-brokered private placement.
SOBR Safe, Inc. S shares were also up, gaining 96% to $15.55 after the company announced it filed a form RW and will not pursue a public offering at this time.

Equities Trading DOWN

NKGen Biotech, Inc. shares dropped 38% to $0.4301.
Shares of Orgenesis Inc. were down 34% to $2.1100.
NuZee, Inc. was down, falling 31% to $1.5950.

Commodities

In commodity news, oil traded down 1.5% to $69.59 while gold traded up 0.8% at $2,730.00.

Silver traded up 2.9% to $32.690 on Friday, while copper rose 1.3% to $4.3815.

Euro zone

European shares were mixed today. The eurozone's STOXX 600 fell 0.1%, Germany's DAX rose 0.2% and France's CAC 40 climbed 0.2%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 fell 0.8%.

Construction output in the Eurozone fell by 2.5% year-over-year in August compared to a revised 2.3% decline in the previous month. The current account surplus in the Eurozone increased to €35.2 billion in August from €26.8 billion in the year-ago period.

Asia Pacific Markets

Asian markets closed higher on Friday, with Japan's Nikkei 225 gaining 0.18%, Hong Kong's Hang Seng Index climbing 3.61%, China's Shanghai Composite Index gaining 2.91% and India's BSE Sensex gaining 0.27%.

Economics

U.S. housing starts fell by 0.5% from the previous month to an annualized rate of 1.354 million units in September.
Building permits declined by 2.9% to an annual rate of 1.428 million in September.

Now Read This:

Wall Street’s Most Accurate Analysts Give Their Take On 3 Financials Stocks Delivering High-Dividend Yields

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

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Press Release: Sobrsafe Releases Real-Time Alcohol Detection Wristband With Premium Updates

Sobrsafe Regains Compliance With Nasdaq Listing Requirements

Sobr Safe Inc Files For Resale Of Up To 31.04 Million Shares Of Common Stock - Sec Filing

Sobrsafe Launches Revolutionary Alcohol Detection Software: Transforming Patient Care For Behavioral Health Providers

Nasdaq Surges Over 100 Points; Schlumberger Reports Mixed Q3 Result

Crude Oil Down Over 1%; American Express Shares Fall After Q3 Results

Dow Falls Over 100 Points; Netflix Posts Upbeat Results

Risk Disclosure