SaverOne 2014 Ltd. American Depositary Shares - SVRE STOCK NEWS

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SaverOne 2014 Ltd. (NASDAQ: SVRE, TASE: SVRE) is a leading technology company committed to enhancing transportation safety through its advanced driver-assistance systems (ADAS). Founded in 2014, SaverOne specializes in developing and deploying solutions aimed at preventing distracted driving, one of the major causes of road accidents globally.

The company's core product, the SaverOne system, restricts the driver's access to distracting mobile applications while allowing essential functionalities like navigation and calls. This sophisticated yet user-friendly system is designed to minimize in-route distractions, providing a safer driving environment for drivers, passengers, and pedestrians alike.

SaverOne has made significant strides in recent years, driven by an ambitious agenda and strategic partnerships. In 2023, the company reported a revenue increase to NIS 2.7 million, showcasing its strong market momentum. SaverOne has also secured transformative OEM deals, including agreements with major players like IVECO and Volvo Bus Corporation. These collaborations involve the integration of SaverOne's safety technology into commercial vehicles, highlighting the company's growing influence in the transportation sector.

The company's initiatives extend beyond individual partnerships. SaverOne has launched pilot projects and secured multiple contracts across various markets, including public transportation and tour bus fleets in Israel and a pilot program in the United States with Motor Supply, Inc. These endeavors emphasize SaverOne's commitment to expanding its reach and impact globally.

Financially, SaverOne has shown robust growth, with a 128% increase in year-over-year revenues in 2023 and a 107% rise in gross profit. The company is well-capitalized, with approximately $4.7 million in cash as of the end of 2023, providing a solid foundation for its 2024 growth agenda.

SaverOne's technology is not only aimed at current market demands but also positions the company for future growth. The company is developing a sensor system for early detection of vulnerable road users, leveraging cellphone footprints under all visibility conditions, a crucial development for the future of autonomous driving and enhanced vehicle safety.

With a comprehensive portfolio of 23 patents and a strategic focus on key global markets like the U.S., China, and the European Union, SaverOne is poised to lead in the field of driver protection technology. The company's mission to save lives by preventing accidents due to mobile distractions is as relevant today as it was at its inception, making SaverOne a crucial player in the ongoing effort to enhance road safety worldwide.

12/20/2023 08:16 AM

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SaverOne Enters into Term Sheet to Acquire Assets and Operations of Micronet Ltd.

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SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE) announced the strategic acquisition of certain operations, products, and IP of Micronet Ltd., a developer of advanced telematics systems cameras and Driver Monitoring Systems (DMS). The acquisition is expected to broaden SaverOne's product portfolio and customer base, accelerating its go-to-market strategy in the US market. The deal is anticipated to be immediately accretive to SaverOne. The final deal terms will be closed after a due-diligence process, with majority consideration being contingent payments tied to the acquired operation's performance. The deal is expected to be signed and closed in early 2024.

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11/27/2023 08:13 PM

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SaverOne Announces Withdrawal of Proposed Public Offering

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SaverOne 2014 Ltd. (SVRE) withdraws proposed underwritten public offering of securities due to market conditions.

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11/27/2023 04:01 PM

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SaverOne Announces Proposed Underwritten Public Offering

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SaverOne 2014 Ltd. (SVRE) announced a firm commitment underwritten public offering of its American Depositary Shares (ADS) to fund global sales and marketing expansion, research and development, and general corporate purposes.

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11/27/2023 08:00 AM

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SaverOne Announces New Pilot with Milan-based System Logistics

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SaverOne 2014 Ltd. (SVRE) announces a new pilot with Italian company System Logistics, showcasing strong momentum in the Italian market. The pilot, if successful, has the potential to lead to equipping additional vehicles in System Logistics' fleet of over 100 vehicles. This is SaverOne's second pilot project with a fleet customer in Italy, reflecting the company's increased focus on the region, including the recent strategic appointment of an Italian Country Partner and a distribution agreement with Milan-based GVZ.

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11/20/2023 08:20 AM

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SaverOne Targets Reducing The 1.6 Million Accidents And Related Fatalities Caused By Distracted Driving

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SVRE: SaverOne's In-Cabin Driver Distraction Prevention Solution (DDPS) is a life-saving technology designed to address distracted driving in real time. The app detects the driver's cell phone RF signal and disables non-emergency functions, blocking access to distracting apps and social media channels while allowing vital functions to remain unaffected.

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11/20/2023 08:00 AM

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SaverOne Announces First Strategic Pilot in Italy with Tecne Autostrade

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SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE) announces a pilot project with Tecne Autostrade, a significant milestone in its expansion into the Italian market. The project involves integrating SaverOne's Driver Distraction Prevention System (DDPS) into 10 vehicles from Tecne's fleet of 3,000, showcasing strong potential for SaverOne's growth in Europe.

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11/17/2023 08:20 AM

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SaverOne Secures 4,300 System Orders To Battle Distracted Driver Dilemma

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SaverOne (NASDAQ: SVRE) Introduces In-Cabin Driver Distraction Prevention Solution (DDPS) to Reduce Mobile Phone Use While Driving

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10/30/2023 08:00 AM

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SaverOne Advances its Global Sales Strategy and Appoints European Distributor

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SaverOne, a technology company specializing in transportation safety solutions, has made strong sales and marketing advances in Europe. They have signed a distribution agreement with GVZ Company in Milan, which specializes in the distribution of automotive components and solutions. SaverOne has also appointed Mr. Tal Yihie as its Italian Country Partner. Additionally, SaverOne has successfully completed the initial stage of its pilot project with Cemex in Spain and is in active discussions for new pilot projects in Italy.

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10/27/2023 04:05 PM

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SaverOne Announces Receipt of Nasdaq Minimum Bid Price Notification

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SaverOne 2014 Ltd. receives notice of noncompliance with Nasdaq listing rule regarding minimum bid price requirement. The company has been granted a 180-calendar day compliance period to regain compliance.

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10/11/2023 07:00 AM

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SaverOne Affirms that it has not Experienced any Disruption to its Business Operations in Israel

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SaverOne 2014 Ltd. addresses the impact of recent terrorist attack in Israel

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FAQ

What is the current stock price of SaverOne 2014 Ltd. American Depositary Shares (SVRE)?

The current stock price of SaverOne 2014 Ltd. American Depositary Shares (SVRE) is $1.58 as of December 24, 2024.

What is the market cap of SaverOne 2014 Ltd. American Depositary Shares (SVRE)?

The market cap of SaverOne 2014 Ltd. American Depositary Shares (SVRE) is approximately 4.3M.

What does SaverOne 2014 Ltd. do?

SaverOne 2014 Ltd. develops and deploys advanced driver-assistance systems (ADAS) aimed at preventing distracted driving by restricting access to distracting mobile applications while driving.

What are the recent achievements of SaverOne?

Recent achievements include significant OEM deals with IVECO and Volvo Bus Corporation, a strong revenue increase in 2023, and multiple new contracts and pilot projects in various markets.

What is the SaverOne system?

The SaverOne system is a vehicle-installed technology that restricts the driver from accessing distracting mobile applications while driving, thereby enhancing road safety.

How does SaverOne’s technology impact driver safety?

SaverOne’s technology minimizes in-route distractions by restricting access to non-essential mobile applications, thus reducing the risk of accidents caused by driver distraction.

What markets does SaverOne target?

SaverOne targets commercial and private vehicle fleets, public transportation and buses, vehicle manufacturers, and insurance and leasing companies across global markets.

How financially stable is SaverOne?

SaverOne reported a 128% year-over-year revenue increase in 2023 and ended the year with approximately $4.7 million in cash, indicating strong financial stability.

What are some of SaverOne’s key partnerships?

Key partnerships include OEM agreements with IVECO and Volvo Bus Corporation, as well as various contracts with public transportation companies and pilot projects in the U.S. and Europe.

What future technologies is SaverOne developing?

SaverOne is developing a sensor system for early detection of vulnerable road users through their cellphone footprint, aimed at enhancing safety for autonomous and non-autonomous vehicles.

How does SaverOne plan to expand its market reach?

SaverOne plans to expand through strategic partnerships, pilot projects, and by targeting key global markets such as the U.S., Europe, and China, leveraging its comprehensive patent portfolio.

What is SaverOne’s mission?

SaverOne’s mission is to save lives by preventing accidents caused by driver distraction from mobile phone use, thereby enhancing road safety for all.