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SaverOne Granted New Patent in the United States Further Expanding its IP Portfolio
SaverOne 2014 .SaverOne 2014 .(US:SVRE) GlobeNewswire News Roomยท2025-02-24 13:00

Core Insights - SaverOne 2014 Ltd. has been granted a new patent by the USPTO, which is the 13th patent out of a total of 23 in its portfolio, aimed at limiting mobile phone use while driving [1][2][3] - The newly issued patent enhances SaverOne's in-vehicle safety solution by restricting driver access to certain mobile applications, thereby promoting road safety [1][4] - The company targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on markets in Israel, Europe, and the US [5][6] Patent and Intellectual Property - The new patent, numbered 12,231,899, was issued on February 18, 2025, and is part of SaverOne's strategy to strengthen its intellectual property portfolio [1][2] - SaverOne's patent portfolio now consists of 23 patents, with 13 granted and 10 pending, filed in key markets including Europe, the US, China, Israel, and the UK [2][3] Market Context and Strategy - The technology addresses the significant issue of driver distraction due to mobile phone use, which is a leading cause of road accidents, with the annual cost of road accidents in the US estimated at $870 billion [4] - The company anticipates that upcoming EU regulations will positively impact the demand for its distraction prevention systems [5] - SaverOne's strategy includes providing technology to aftermarket customers and collaborating with OEM vehicle manufacturers for integration during the manufacturing process [6]