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]

Core Viewpoint - SaverOne 2014 Ltd. has announced a registered direct offering of 2,171,433 American Depositary Shares (ADSs) at a price of $0.70 per ADS, along with a concurrent private placement of short-term warrants to purchase up to 4,342,866 ADSs at an exercise price of $0.80 per ADS [1][2] Group 1: Offering Details - The total gross proceeds from the offering are expected to be $1.5 million before deducting fees and expenses [2] - The closing of the offering is anticipated to occur on or about January 31, 2025, subject to customary closing conditions [1] - The ADSs are being offered under a "shelf" registration statement that became effective on September 27, 2023 [3] Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital and other general corporate purposes [2] Group 3: Warrant Information - The short-term warrants will become exercisable upon shareholder approval to increase the number of authorized ordinary shares and will expire twenty-four months after issuance [1] - The short-term warrants and the underlying ADSs have not been registered under the Securities Act, and a registration statement will be filed within 45 days of the offering's closing [4] Group 4: Company Overview - SaverOne is a technology company focused on developing solutions to reduce vehicle accidents, particularly those caused by mobile phone distractions while driving [6][7] - The company is also working on a sensor system for detecting vulnerable road users through their cellphone footprint [7]

Core Viewpoint - SaverOne Systems has signed an agreement with Oz Group to install 100 safety technology systems in their fleet, which includes trucks and private cars, highlighting the growing recognition of the need for driver distraction mitigation solutions in the transportation industry [1][2][3]. Group 1: Agreement and Deployment - The agreement involves deploying SaverOne Systems across Oz Group's fleet of 100 vehicles, starting with 30 systems in trucks, with plans for future expansion [2]. - The collaboration aims to enhance safety for drivers and other road users, reflecting the increasing demand for solutions that address driver distraction [3]. Group 2: Technology and Market Impact - SaverOne's technology addresses driver distraction caused by mobile phone usage, which is a leading cause of road accidents globally, with the annual cost of road accidents in the U.S. estimated at $870 billion [3]. - The company targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, focusing on markets in Israel, Europe, and the U.S. [4]. Group 3: Future Outlook and Strategy - SaverOne plans to integrate its technology into both aftermarket solutions and during the vehicle manufacturing process, aiming to capitalize on upcoming EU regulations that may increase demand for distraction prevention systems [5][4]. - The company is also developing a sensor system for detecting vulnerable road users through their cellphone footprint, indicating a commitment to advancing safety technology [7].

Core Points - SaverOne Systems has signed an agreement with Oz Group to install 100 systems in their fleet of vehicles, including trucks and private cars [1][2] - The initial deployment phase will see 30 systems installed in trucks, with plans for future expansion to the entire fleet [2] - The technology aims to mitigate driver distraction caused by mobile phone usage, which is a leading cause of road accidents globally [3] Company Overview - SaverOne is a technology company focused on developing solutions to reduce vehicle accidents caused by driver distraction [6] - The company targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, primarily in the Israeli, European, and US markets [4] - SaverOne's technology prevents access to distracting applications while allowing necessary functions like navigation, enhancing overall road safety [3][4] Market Potential - The annual cost of road accidents in the US is approximately $870 billion, with a significant portion attributed to mobile phone usage while driving [3] - Upcoming EU regulations are expected to increase demand for cellular distraction prevention systems, positively impacting SaverOne's market opportunities [4] - The company plans to provide its technology to both aftermarket customers and OEM vehicle manufacturers [5]

Petah Tikvah, Israel, Jan. 13, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology leader in advanced transportation safety solutions, is pleased to announce a new distribution agreement with uniSmart Vertriebs GmbH (“uniSmart”), a prominent German-based distributor specializing in fleet safety and technology integration. uniSmart, headquartered in Wendendelstein, provides solutions for logistics and transportation companies across Germany and abroad. The company resells, in ...

This 12th patent granted out of a portfolio of 23 covers SaverOne's innovative phone location identification technology to prevent distraction while driving Petah Tikvah, Israel, Dec. 30, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (NASDAQ:SVRE, TASE: SVRE)), a technology company engaged in 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 12,174,309 and issued on December 24, 2024, is en ...

SaverOne received a follow-on order reflecting further growth potential within this major international food manufacturer Petah Tikvah, Israel, Dec. 27, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (NASDAQ:SVRE, TASE: SVRE)), a leading innovator in transportation safety technology, is pleased to announce an expansion of its deployment within another division of a global food manufacturer's subsidiary in Israel. This follows the successful implementation of SaverOne Systems in various trucks and vehicles ear ...

SaverOne received a follow-on order reflecting further growth potential within this major international food manufacturer Petah Tikvah, Israel, Dec. 27, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a leading innovator in transportation safety technology, is pleased to announce an expansion of its deployment within another division of a global food manufacturer’s subsidiary in Israel. This follows the successful implementation of SaverOne Systems in various trucks and vehicles ear ...

Petah Tikvah, Israel, Dec. 17, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions, today announced it has signed a new distribution agreement with Smartfits Installations Ltd. (Smartfits) to bring its driver distraction prevention technology to fleets across the United Kingdom. Smartfits, based in Burton on Trent, central England, specializes in fleet safety and technology integrations, serving a dive ...