SaverOne Signs Agreement with a Leader in ADAS Vision Solutions for Collaborative Development

Core Insights - SaverOne 2014 Ltd. has entered into a partnership with a global leader in vision solution technologies to develop an advanced driver-assistance systems (ADAS) sensor fusion platform aimed at detecting Vulnerable Road Users (VRUs) in non-line-of-sight (NLoS) conditions [1][2][4] Group 1: Partnership and Development - The collaboration will focus on creating innovative ADAS functionalities to enhance safety for commercial vehicles, particularly in scenarios where VRUs are not visible [2][3] - The development will occur in two stages: first, a Proof of Concept (POC) to demonstrate SaverOne's RF-ADAS sensor technology, followed by commercialization efforts if the POC is successful [3][4] Group 2: Technology and Market Impact - SaverOne's technology addresses the critical issue of driver distraction caused by mobile phone usage, which is a leading cause of road accidents, with the annual cost of road accidents in the U.S. estimated at $870 billion [5] - The company targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on markets in Israel, Europe, and the U.S. [6][8] Group 3: Strategic Goals - The strategy includes providing technology for both aftermarket solutions and original equipment manufacturer (OEM) integration during vehicle manufacturing [7] - SaverOne is also developing a sensor system for early detection of VRUs under all visibility conditions, leveraging cellphone footprints [9]