SOBR Safe (NASDAQ: SOBR) stock soared during intraday trading Tuesday after the company secured two new SOBRsure device customers.
SOBR Safe has secured new hardware and software agreements with recovery services providers Hired Power and The Firm. Both providers have made initial purchases of SOBRsure devices and plan to replace traditional breathalyzers with these innovative devices following the launch of SOBR Safe’s enterprise client management software.
Hired Power, based in Huntington Beach, California, is a leader in professionalized transition services with over two decades of experience. The company commands the confidence of thousands of treatment centers, professionals, and clients for its reliable services.
The Firm, headquartered in Nashville, Tennessee, offers lifesaving solutions that bridge the gap between addiction and long-term recovery. Their services include family education, intervention, long-term case management, and monitoring for individuals battling addiction.
In addition to these new agreements, SOBR Safe continues to expand its reach. Last month, the company secured a pivotal contract with an undisclosed behavioral health provider operating three facilities in Southern California. This provider offers a full continuum of care, from inpatient detoxification and residential treatment to outpatient services. They have installed SOBRcheck™ devices at each facility to enable efficient point-of-care screening. Describing the technology as a “game-changer,” the provider anticipates significant operational improvements and cost savings.
SOBR Safe also secured a reseller agreement with Alcohol Monitoring Solutions DBA 365IID, based in San Antonio, Texas. 365IID has purchased three SOBRcheck devices and two SOBRsure wearable wristbands, with plans to place additional orders soon. They are showcasing the SOBRsafe technology for pre-trial and Drug Court applications in San Antonio and El Paso, and for enhancing workplace safety in warehouses.
SOBR Safe (NASDAQ: SOBR) Stock Reaction
On Tuesday, SOBR stock surged 75.07%, closing at $0.4613, marking an 8.62% increase for the week. The trading volume was 268,051,040 shares, significantly higher than the average daily volume of 8.40 million.
