Articles from SaverOne 2014 Ltd.

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. 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 Minimum Bid Price Requirement. However, pursuant to recently enacted Nasdaq regulations, the Company is not eligible for any compliance period) because the Company has effected a reverse stock split over the prior one-year period. The Company’s ADSs are subject to delisting from Nasdaq unless the Company requests an appeal of this determination by February 27, 2025.

SaverOne’s U.S. based Distributor Motor Supply is completing installation across MDM’s full fleet

Teva, a global pharmaceutical leader, to install the SaverOne System across its entire fleet of 50 delivery trucks in Israel

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 unregistered short-term warrants to purchase up to an aggregate of 4,342,866 ADSs. The short-term warrants will have an exercise price of $0.80 per ADS, will become exercisable upon the Company’s receipt of shareholder approval to increase the number of its authorized ordinary shares pursuant to the Company’s Articles of Association and will expire twenty-four months thereafter. The closing of the offering is expected to occur on or about January 31, 2025, subject to the satisfaction of customary closing conditions.

100 SaverOne Systems will be installed in Oz Group Trucks and Cars

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.

This 12th patent granted out of a portfolio of 23 covers SaverOne’s innovative phone location identification technology to prevent distraction while driving

SaverOne received a follow-on order reflecting further growth potential within this major international food manufacturer

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.

Trans Italia is a Leading Logistics & Transportation Company Operating Over 300 Trucks

Petah Tikvah, Israel., Dec. 03, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions, is pleased to announce the launch of a new pilot project with a globally renowned Italian luxury and sports car manufacturer.

200 SaverOne systems to be installed in the subsidiary in Spain

Petah Tikvah, Israel, Nov. 13, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions (he “Company”), today announced that on November 12, 2024, it received notice from The Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Rule”) for continued listing on the Nasdaq Capital Market.

SaverOne accelerates its European expansion as part of its global growth strategy

SaverOne signs a distribution agreement with Motor Supply Inc., expanding into the US market and securing a minimum of 37,600 installations over the next 5 years

Petah Tikvah, Israel, Sept. 18, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions, today announced the launch of a new pilot project with the national bus operator of Malta, Malta Public Transport Company (MPTC). MPTC, as part of its ongoing evaluation of new safety solutions and technologies, will be conducting tests of the SaverOne system over the coming months. The installation was performed in collaboration with SaverOne's regional distributor, GVZ Components.

Petah Tikvah, Israel, Sept. 17, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in disruptive transportation safety solutions, today announced the launch of four new pilot projects with customers of Volvo Buses Mexico. This follows the OEM agreement signed with Volvo Group in March 2024, which allows for the SaverOne Safety Solution to be pre-installed following integration into Volvo’s assembly line as well as an aftermarket retrofit installation.

Petah Tikvah, Israel, Sept. 06, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation safety solutions, today announced that Froneri extended its agreement with SaverOne and will update and equip SaverOne systems across its entire fleet of employee vehicles and distribution trucks in Israel. Froneri was among the first companies to install the SaverOne System within its fleet to counteract driver distraction, back in 2021.

Expands SaverOne’s product line with potential for future revenue growth

Egged Tours will be using the SaverOne System on all 130 buses at its central hub

New order for SaverOne Systems by the Israeli subsidiary of a leading global food manufacturer with strong international growth potential

Follow-on order for SaverOne Systems by the Israeli subsidiary of a leading global food manufacturer represents further significant international growth potential

Announces Spinoff Company Dedicated to Further Developing its VRU Sensor Solution Leveraging this Technology

Petah Tikvah, Israel, May 20, 2024 (GLOBE NEWSWIRE) --  SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in disruptive transportation safety solutions, received a notice letter May 17, 2024 from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, based upon the closing bid price of the Company’s American Depositary Shares (the “Shares”), for the last 31 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimum bid price of $1.00 per share for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2).

Petah Tikvah, Israel, May 14, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in disruptive transportation safety solutions, is pleased to announce the award of a new patent to the Company by the European Patent Office. The patent, numbered EP3158718, is entitled 'System and Methods to Facilitate Safe Driving’.

Receives New Purchase Order from IVECO to Develop, Install and Demonstrate its Proof-of-Concept Solution for Vulnerable Road User Detection

SaverOne’s solution to be provided to IVECO’s customers under a SaaS model

A spin-off is one of the options that is under consideration

Petah Tikvah, Israel, March 12, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells transportation safety solutions, today announced that it has entered into an original equipment manufacturer (OEM) agreement with Volvo Bus Corporation, a subsidiary of the global automotive giant, Volvo Group.

Following successful trial, SaverOne System to be installed on a further 77 buses

Petah Tikvah, Israel, Nov. 27, 2023 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company specializing in transportation safety solutions, today announced that it has withdrawn its previously announced proposed underwritten public offering of securities due to market conditions.

Petah Tikvah, Israel, Nov. 27, 2023 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company specializing in transportation safety solutions, today announced that it intends to offer its American Depositary Shares (“ADS”) in a firm commitment underwritten public offering. The Company intends to use the net proceeds from this offering for its global sales and marketing expansion, its research and development and for working capital and general corporate purposes. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Petah Tikvah, Israel, Oct. 27, 2023 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company specializing in transportation safety solutions, announced today that on October 24, 2023, the Company received a written notice from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company’s closing bid price for its American Depositary Shares was below $1.00 per share for the last 30 consecutive business days.