Strategic Collaboration Broadens Across Multiple European Markets Petah Tikvah, Israel, April 21, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (NASDAQ:SVRE, TASE: SVRE)), a technology company specializing in developing transportation safety solutions, today announced the signing of a new commercial agreement with Cemex Czech Republic s.r.o. Under the agreement, SaverOne will deploy its Driver Distraction Prevention System (DDPS) across the entire company-owned cement truck fleet in the Czech Republic. This n ...

SaverOne enters the Canadian market with a distribution agreement with MRF Geosystems with a 1,000-unit sales target for the first 6 months Petah Tikvah, Israel, April 16, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (NASDAQ:SVRE, TASE: SVRE)), a technology company that develops and sells advanced transportation safety solutions, today announced the signing of its first distribution agreement in Canada with MRF Geosystems Corporation (MRF). Based in Calgary, Alberta, MRF has been granted conditional exclusiv ...

Core Insights - SaverOne 2014 Ltd. faced challenges in 2024 due to long sales cycles in Israel but achieved significant international success, particularly in Europe and the United States, marking 2024 as an inflection point for global expansion [4][6] - The company is developing a VRU sensor solution with an estimated market potential of $1.5 billion annually by 2035, indicating strong long-term growth prospects [4][6] Financial Highlights for 2024 - Revenues decreased to NIS 1.68 million (~$461 thousand) from NIS 2.72 million (~$747 thousand) in 2023, primarily due to reduced sales in Israel amid ongoing regional conflict [9][10] - 29% of revenues were generated from non-home market sources, a significant increase from 7% in the previous year [6][10] - Gross profit was NIS 614 thousand (~$169 thousand), with a gross margin improvement to 36.5% from 27.6% in 2023 [6][10] - Net loss increased slightly to NIS 34.9 million (~$9.6 million) from NIS 33.8 million (~$9.3 million) in 2023 [6][12] Recent Developments - As of March 20, 2025, 5,400 systems have been ordered, with approximately 4,000 installed [6] - New distribution agreements were signed in Germany, the UK, and Spain/Portugal, expanding the company's international reach [6][8] - The company announced a spinoff dedicated to the development of its VRU sensor solution, reflecting its commitment to innovation and market potential [6][14] Market Expansion and Partnerships - SaverOne's U.S. distribution partner secured its first customer, FedEx Trucking Contractor MDM Express, marking a significant milestone in U.S. market expansion [7][8] - The company is also deploying its driver distraction prevention system across various fleets, including Teva Pharmaceutical's and Oz Group's vehicles [8][9] - New pilot projects have been launched with major logistics and transportation companies in Italy and Mexico, showcasing the technology's adaptability and growth potential [8][9]

Core Insights - SaverOne 2014 Ltd. faced challenges in 2024 due to long sales cycles in Israel but achieved significant international success, particularly in Europe and the United States, marking 2024 as an inflection point for global expansion [4][6] - The company is developing a VRU sensor solution with a projected annual market potential of $1.5 billion by 2035, indicating strong long-term growth prospects [4][6][10] Financial Highlights for 2024 - Revenues decreased to NIS 1.68 million (~$461 thousand) from NIS 2.72 million (~$747 thousand) in 2023, primarily due to reduced sales in Israel amid ongoing regional conflict [10][11] - Gross profit improved to NIS 614 thousand (~$169 thousand) with a gross margin of 36.5%, up from 27.6% in the previous year [11][12] - Net loss increased slightly to NIS 34.9 million (~$9.6 million) compared to NIS 33.8 million (~$9.3 million) in 2023 [13][14] Recent Developments - As of March 20, 2025, SaverOne has received orders for 5,400 systems, with approximately 4,000 already installed [6] - The company signed new distribution agreements in Germany, the UK, and Spain/Portugal, expanding its international presence [6][8] - Notable partnerships include a commercial agreement with FedEx Trucking Contractor MDM Express and installations in Teva Pharmaceutical's truck fleet [7][8] Market Potential and Strategy - The VRU sensor technology is expected to address the critical issue of detecting vulnerable road users, with significant interest from OEMs and tier-one suppliers [4][6] - SaverOne's strategy includes expanding its global footprint through partnerships and pilot projects, particularly in Europe and the US [6][8][10] - The company plans to spin off a dedicated entity for further development of its VRU sensor solution, indicating a focused approach to capitalize on market opportunities [6][10]

Financial Performance - Total revenue decreased by NIS 1,037 thousand (~ $284 thousand), or 38%, to NIS 1,683 thousand (~ $461 thousand) for the year ended December 31, 2024, compared to NIS 2,720 thousand (~ $746 thousand) for the year ended December 31, 2023[299]. - Cost of revenues decreased by NIS 899 thousand (~ $247 thousand), or 46%, to NIS 1,069 thousand (~ $293 thousand) for the year ended December 31, 2024, compared to NIS 1,968 thousand (~ $540 thousand) for the year ended December 31, 2023[300]. - Research and development expenses, net decreased by NIS 3,464 thousand (~ $950 thousand), or 15%, to NIS 19,397 thousand (~ $5,319 thousand) for the year ended December 31, 2024, compared to NIS 22,861 thousand (~ $6,268 thousand) for the year ended December 31, 2023[301]. - Selling and marketing expenses increased by NIS 1,009 thousand (~ $277 thousand), or 27%, to NIS 4,796 thousand (~ $1,315 thousand) for the year ended December 31, 2024, compared to NIS 3,787 thousand (~ $1,038 thousand) for the year ended December 31, 2023[302]. - General and administrative expenses increased by NIS 1,346 thousand (~ $369 thousand), or 16%, to NIS 9,673 thousand (~ $2,652 thousand) for the year ended December 31, 2024, compared to NIS 8,327 thousand (~ $2,283 thousand) for the year ended December 31, 2023[303]. - Net loss increased by NIS 1,103 thousand (~ $302 thousand), or 3%, to NIS 34,938 thousand (~ $9,580 thousand) for the year ended December 31, 2024, compared to NIS 33,835 thousand (~ $9,277 thousand) for the year ended December 31, 2023[305]. - For the year ended December 31, 2024, the company reported a comprehensive loss of approximately $9.4 million (NIS 34.4 million) and negative cash flow from operating activities of approximately $9.4 million (NIS 34.9 million)[314]. Cash and Financing Activities - As of December 31, 2024, the company had cash and cash equivalents of approximately $3.64 million (NIS 13.3 million) and an accumulated deficit of approximately $46.1 million (NIS 170.5 million)[312][314]. - Net cash used in operating activities decreased by approximately $168 thousand (NIS 614 thousand), or 2%, to approximately $9.43 million (NIS 34.406 million) for the year ended December 31, 2024[326]. - Net cash provided by financing activities increased by approximately $2.21 million (NIS 8.045 million), or 36%, to approximately $8.37 million (NIS 30.535 million) for the year ended December 31, 2024[328]. - On June 25, 2024, the company raised approximately $1.13 million through the issuance of 12,555,555 ordinary shares[319]. - The company entered into a SEPA with Yorkville, committing to purchase up to $15 million of ADSs over a three-year period[320]. - As of the date of the annual report, the company had issued an aggregate of approximately $5.84 million in ordinary shares to YA as Advance Shares[321]. - On January 31, 2025, the company sold an aggregate of 195,428,970 ordinary shares at an offering price of $9.331 per ADS, raising approximately $1.5 million[324]. Market and Product Development - The global automotive RF-sensor market for VRU detection is projected to potentially reach $1.5 billion annually by 2035[284]. - Approximately 5,400 systems have been ordered as of March 19, 2025, with about 4,000 systems installed[280]. - The second-generation DDPS product was released in Q4 2022 and is intended for the global automobile market, with significant improvements over the first generation[281]. Risks and Challenges - The company anticipates continuing to incur net losses for the foreseeable future as it develops and commercializes its products[317]. - The company has identified material weaknesses in its internal control over financial reporting and is taking steps to address these issues[310]. - A 5% change in the U.S. dollar/NIS exchange rate would increase/decrease operating expenses by approximately 1% for the year ended December 31, 2024[500]. - The exchange rate between the U.S. dollar and the NIS increased by 0.5% during the year ended December 31, 2024, and by 3% during the year ended December 31, 2023[501]. - The company does not hedge foreign currency exchange risk currently but may consider formal currency hedging transactions in the future[500]. - The company assesses credit risk primarily through the quality of customers and recognizes provisions for credit losses based on specific customers not meeting payment terms[495]. - The company believes minimal credit risk exists with cash and cash equivalents held at a major financial institution in Israel[494]. - The company does not believe that changes in equity prices pose a material risk to its holdings, but a decrease in market price could affect future fundraising[496]. - The company is exposed to risks from changes in the quoted price of warrants issued during its IPO, which are treated as a derivative financial liability[497]. - The company does not expect inflation to materially affect its business or financial condition in the reporting period[499]. - The company may face challenges in offsetting higher costs due to inflationary pressures through hedging transactions[499].

This is the 13th patent granted out of a portfolio of 23 patents and covers SaverOne’s innovative methodologies for limiting mobile phone use while driving Petah Tikvah, Israel, Feb. 24, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in developing transportation safety solutions, is pleased to announce the award by the United States Patent and Trademark Office (USPTO) of a new patent. The patent, bearing the number 12,231,899 and issued on February 18, 2 ...

Petah Tikvah, Israel, Feb. 21, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), On February 20, 2025, SaverOne 2014 Ltd. received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC, notifying the Company that it was not in compliance with Nasdaq Listing Rule 5550(a)(2) which requires listed companies to maintain a minimum bid price of $1.00 per share. Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Mini ...

Core Insights - Teva Pharmaceutical Industries Ltd. has awarded a contract to SaverOne 2014 Ltd. to install the SaverOne System across its fleet of 50 delivery trucks in Israel, following a successful initial deployment in 14 trucks [1][3] Company Overview - Teva is a multinational pharmaceutical company and one of the largest generic drug manufacturers globally, operating a supply chain across more than 60 countries [2] - SaverOne is a technology company focused on developing solutions to reduce vehicle accidents caused by driver distraction, particularly from mobile phone use [7][8] Technology and Market Potential - The SaverOne System addresses driver distraction by preventing access to distracting applications while allowing essential functions like navigation, thereby enhancing road safety [4] - The annual cost of road accidents in the U.S. is approximately $870 billion, with a significant portion attributed to mobile phone use while driving [4] - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on markets in Israel, Europe, and the U.S. [5] Strategic Goals - The company aims to provide its technology to both aftermarket customers and original equipment manufacturers (OEMs) to integrate safety solutions during vehicle manufacturing [6] - There is an anticipated increase in demand for SaverOne's systems due to expected EU regulations focusing on monitoring and preventing cellular distraction in vehicles [5]

Group 1 - Teva Pharmaceutical Industries Ltd. has awarded a contract to SaverOne 2014 Ltd. to install the SaverOne System across its fleet of 50 delivery trucks in Israel, following a successful initial deployment in 14 trucks [1][3] - Teva is a multinational pharmaceutical company and one of the largest generic drug manufacturers globally, operating a supply chain across more than 60 countries [2] - The SaverOne System aims to prevent driver distractions caused by mobile phone usage, which is a leading cause of road accidents, with the US National Highway Traffic Safety Administration estimating the annual cost of road accidents in the US at approximately $870 billion [4] Group 2 - SaverOne's technology specifically targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on reducing costs associated with accidents and damages [5] - The company plans to expand its market presence in Israel, Europe, and the US, anticipating increased demand for its systems due to upcoming EU regulations on cellular distraction monitoring [5] - SaverOne's strategy includes providing technology to aftermarket customers and collaborating with OEM vehicle manufacturers to integrate safety solutions during the manufacturing process [6]

Petah Tikvah, Israel, Jan. 30, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology leader in advanced transportation safety solutions, today announced that it has entered into definitive agreements for the purchase and sale of an aggregate of 2,171,433 of its American Depositary Shares (ADSs), each representing 90 ordinary shares, at a purchase price of $0.70 per ADS in a registered direct offering. In addition, in a concurrent private placement, the Company will issue unreg ...