Welcome to our dedicated page for SAVERONE 2014 news (Ticker: SVRE), a resource for investors and traders seeking the latest updates and insights on SAVERONE 2014 stock.
SaverOne 2014 Ltd. (SVRE) is a transportation safety technology company that regularly issues news on its driver-distraction prevention systems, ADAS developments, commercial agreements, and capital markets activity. The company’s releases describe how its in-vehicle systems use RF-based detection and sensor fusion to recognize the driver’s area in the cabin, block access to distracting mobile applications such as messaging, and allow permitted functions like navigation, with the goal of reducing accidents caused by mobile phone use while driving.
News about SaverOne often highlights deployments and agreements with commercial and public fleets, including school bus operators, heavy-truck fleets, and divisions of global industrial companies. These items describe how fleets adopt the SaverOne system after pilot projects, how distribution agreements in Israel, Europe, the United States, and Canada expand the company’s reach, and how regional councils and logistics operators implement the technology to protect passengers and reduce potential costs related to accidents.
Investors and industry followers can also find updates on SaverOne’s ADAS and vulnerable road user (VRU) initiatives, such as collaborations with vision solution providers to build sensor-fusion platforms capable of detecting VRUs in non-line-of-sight conditions and the development of RF-based VRU detection using cellphone footprints. Additional news covers patent grants in key markets, recognition such as inclusion of the SaverOne System in TIME’s list of Best Inventions, and strategic steps like a non-binding LOI with VisionWave Holdings, Inc. for RF-focused defense and security applications.
This news feed aggregates these company announcements, financial result updates furnished via Form 6-K, and other material developments related to SaverOne’s transportation safety technologies, fleet partnerships, and RF-based solutions, offering a centralized view of ongoing corporate and technological progress.
SaverOne (Nasdaq: SVRE) has secured a deal with a leading global chemical manufacturer to equip its entire fleet of 70 trucks with the SaverOne Protection System, aimed at reducing driver distraction caused by mobile phone usage. Following successful trials, the agreement marks a significant win for SaverOne, enhancing fleet safety. The technology not only prevents access to distracting applications while driving but also allows for monitoring of driver behavior. This initiative may expand to include the manufacturer’s private vehicles, representing further growth potential for SaverOne.
SaverOne 2014 Ltd. (Nasdaq: SVRE) has signed a memorandum of understanding (MOU) with Iveco, a prominent truck manufacturer, to integrate its driver distraction prevention solution into Iveco's trucks. This strategic collaboration aims for a formal agreement by year-end 2022, with plans to begin offering these equipped trucks to customers in 2024. SaverOne's technology targets mobile phone distractions, a significant cause of road accidents globally. The partnership marks an important milestone for SaverOne, enhancing its market presence and growth potential within the vehicle manufacturing sector.
SaverOne 2014 Ltd. (Nasdaq: SVRE) has successfully completed a proof-of-concept (POC) with a major European bus and truck manufacturer, demonstrating their second-generation Vulnerable Road Users (VRU) detection technology. This innovative solution enhances current Advanced Driver Assistance Systems (ADAS) by effectively detecting VRUs in various visibility conditions. CEO Ori Gilboa emphasizes the potential for growth in the ADAS market and ongoing discussions for future collaborations. A webinar is scheduled for October 20, 2022, to discuss recent developments.
SaverOne (Nasdaq: SVRE), a technology company focused on transportation safety, launched its second generation platform aimed at reducing driver cellular distraction. Utilizing advanced components like an Analog Devices RF front-end and a Xilinx dual-core processor, the platform enhances accuracy and response time. It has passed tests for FCC and CE certification, allowing global operations. The new technology broadens application opportunities, which CEO Ori Gilboa believes will boost expansion and market demand, particularly in commercial vehicle fleets and potential new regulations in the EU.
SaverOne 2014 Ltd. (NASDAQ: SVRE) announced that CEO Ori Gilboa will present at the ThinkEquity investor conference on October 26, 2022, in New York. This conference is a major event for small and micro-cap companies and will feature over 70 firms. Gilboa's presentation is scheduled for 4pm ET, with opportunities for 1-on-1 investor meetings throughout the day. SaverOne specializes in transportation safety solutions, focusing on preventing driver distraction due to mobile device usage, addressing a significant cause of road accidents, which costs the US about $870 billion annually.
SaverOne 2014 Ltd. (Nasdaq: SVRE) has launched the installation of its SaverOne Protection System in 20 out of 150 trucks for Moviley Dror, a transportation partner of international logistics leader Fritz. This initiative represents the first phase of a potential expansion across Moviley Dror's fleet and partners, aiming for broader market penetration.
CEO Gilboa highlighted that this success aligns with their strategy to target local transportation companies, facilitating opportunities for global expansion.
SaverOne 2014 Ltd. (NASDAQ: SVRE) announced its technology will be installed across the entire fleet of Strauss Frito-Lay delivery trucks in Israel, following a successful trial period. Strauss Frito-Lay, a joint venture between Strauss Group and PepsiCo's Frito-Lay, signifies strong growth potential for SaverOne, enabling future expansions into global markets. The SaverOne system aims to reduce driver distraction caused by mobile devices, addressing a significant road safety issue. This partnership is pivotal for SaverOne's strategic growth and market presence internationally.
SaverOne 2014 Ltd. (Nasdaq: SVRE) announced the initiation of a pilot program at Ben Gurion Airport aimed at preventing traffic accidents caused by mobile phone usage among drivers in sensitive operational areas. The SaverOne system disables distracting cell phone applications while allowing essential functions like calls and navigation. The technology has also been deployed by other notable companies in Israel. CEO Gilboa emphasized the importance of enhancing safety in critical environments like airports, marking this as a strategic entry into new markets.
SaverOne 2014 Ltd. (NASDAQ: SVRE) announced the installation of 10 of its driver safety systems on Novolog delivery trucks, entering the pharmaceutical delivery vertical. This partnership aims to enhance the safe transportation of critical medicines, potentially expanding to hundreds of trucks across Israel. The technology targets mobile phone distraction, a major cause of road accidents. SaverOne's system offers a proactive solution by blocking distracting applications while allowing navigation, with the goal of reducing accidents and financial losses in medical delivery logistics.
SaverOne 2014 Ltd. (Nasdaq: SVRE) reported over 1,000 installations of its driver safety systems as of August 31, 2022, signaling strong growth momentum. Revenue increased by 90% year-over-year to NIS 382,000 (~$109,000) amid early growth phases and new agreements. The company holds NIS 41 million (~$11.7 million) in cash. However, operating cash usage increased to NIS 11.9 million (~$3.4 million). Looking ahead, the company emphasizes its potential in public transport and aims to penetrate international markets with its upcoming Generation 2.0 solution.
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