SaverOne 2014 .(SVRE) Newsfilter·2025-03-21 20:50Core 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 461 thousand) from NIS 2.72 million (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 (9.3 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]