SVRE SAVERONE 2014 LTD

SaverOne Granted New Patent in the United States Further Expanding its IP Portfolio

SaverOne Granted New Patent in the United States Further Expanding its IP Portfolio

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. 24, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in developing 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 12,231,899 and issued on February 18, 2025, is entitled “System and method for managing access to software applications on a mobile communication device via a phone location unit.”

This newly issued patent complements SaverOne’s comprehensive in-vehicle safety solution by controlling and limiting the use of phone applications by the driver while driving. It ensures that the driver can access only allowed applications, as per the corporate safety policy, such as phone or navigation, while all others remain inaccessible. This is done using wireless communication between SaverOne’s Phone Location Unit in the vehicle and its mobile application on the driver’s phone.

Under U.S. law, the patent term is 20 years from the application’s effective filing date.  

With this new patent, SaverOne's portfolio includes 23 patents—13 granted in various jurisdictions and 10 more pending. These patents are filed in key markets such as Europe, the US, China, Israel and the United Kingdom, reflecting the company's strategic vision for global expansion.

Ori Gilboa, CEO of SaverOne, stated, "This latest patent grant in the United States further strengthens our intellectual property portfolio and is another example of the uniqueness and innovation within our technology. As mobile phone-related distractions continue to pose a significant risk to road safety, SaverOne remains committed to developing and protecting advanced solutions that help prevent accidents. Our patent activity allows us to invest strongly in technology and bring it to market, while securing our competitive edge and intellectual property rights over the long term.”

About the SaverOne System

SaverOne's system is installed in vehicles to solve the problem of driver distraction, as a result of drivers using distracting applications on their mobile phones while driving in a way that endangers their safety and the safety of their passengers. This phenomenon is considered one of the leading causes of global road accidents. According to the US National Highway Traffic Safety Administration, the annual cost of road accidents just in the United States stands at about $870 billion each year, excluding the costs of serious injury or death, with a quarter of those accidents estimated to be related to the use of the mobile phones while driving. SaverOne's technology specifically recognizes the driver area in the vehicle. It prevents the driver from accessing distracting applications such as messaging while allowing others (navigation as an example) without user intervention or consent, creating a safer driving environment.

SaverOne's primary target markets include commercial and private vehicle fleets interested in reducing potential damages and significant costs, vehicle manufacturers interested in integrating safety solutions into their vehicles, and insurance and leasing companies. SaverOne initially addresses car fleets with a focus on the Israeli, European, and US markets and other markets worldwide. SaverOne believes that an increased focus on monitoring and prevention of cellular distraction systems in vehicles, driven by upcoming expected EU regulation, will likely have a dramatic positive impact on the demand for its systems in the future.

The Company's strategy is to provide its technology to customers in the aftermarket and address OEM vehicle manufacturers to integrate the Company's protection technologies during the vehicle manufacturing process.  

About SaverOne

SaverOne is a technology company that designs, develops, and commercializes OEM and aftermarket solutions and technologies to lower the risk of and prevent vehicle accidents. SaverOne's initial product line is a suite of solutions that saves lives by preventing car accidents resulting from distraction from using mobile phones while driving. SaverOne is also developing a sensor system for early location and direction detection under all visibility conditions of vulnerable road users (VRU) through their cellphone footprint. Learn more at

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act and other securities laws that are subject to substantial risks and uncertainties. All statements, besides those of historical fact, contained in this press release are forward-looking. Forward-looking statements contained in this press release include but are not limited to, statements regarding SaverOne's strategic and business plans, technology, relationships, objectives, and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations, and financial performance and condition and may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions. However, not all forward-looking statements contain these words. Forward-looking statements are based on SaverOne's current expectations and are subject to inherent uncertainties, risks, and assumptions that are difficult to predict. Further, certain  forward-looking statements are based on assumptions about future events that may not prove accurate. Many factors could cause SaverOne's actual activities or results to differ materially from those anticipated in such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to: the ability of our technology to substantially improve the safety of drivers; our ability to protect our patented technology from infringement by third parties; SaverOne’s planned level of revenues and capital expenditures and its ability to continue as a going concern; SaverOne’s ability to maintain its listing on the Nasdaq Capital Market; the ability of SaverOne’s technology to substantially improve the safety of drivers; its ability to market and sell its products; its plans to continue to invest in research and development to develop technology for both existing and new products; SaverOne’s intention to advance its technologies and commercialization efforts; SaverOne’s intention to use local distributors in each country or region in which it conducts business to distribute products or technology; SaverOne’s plan to seek patent, trademark and other intellectual property rights for products and technologies in the United States and internationally, as well as its ability to maintain and protect the validity of currently held intellectual property rights; SaverOne’s expectations regarding future changes in its cost of revenues and operating expenses; SaverOne’s expectations regarding its tax classifications; interpretations of current laws and the passage of future laws; acceptance of its business model by investors; the ability to correctly identify and enter new markets; the impact of competition and new technologies; general market, political and economic conditions in the countries in which SaverOne operates; projected capital expenditures and liquidity; SaverOne’s intention to retain key employees, and its belief that it will maintain good relations with all employees; a resurgence of the COVID-19 pandemic and its impact on business and industry; as well as other risks and uncertainties, including, but not limited to, the risks detailed in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the "SEC") on March 25, 2024  and in subsequent filings with the SEC. Forward-looking statements in this announcement are made as of this date, and SaverOne undertakes no duty to update such information except as required under applicable law.

International Investor Relations Contact:

Ehud Helft



 



EN
24/02/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SAVERONE 2014 LTD

 PRESS RELEASE

SaverOne Granted New Patent in the United States Further Expanding it...

SaverOne Granted New Patent in the United States Further Expanding its IP Portfolio 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. 24, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in developing 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 12,231,899 and issued on February 1...

 PRESS RELEASE

SaverOne Implements Change in Ratio of Shares to ADSs to Meet Nasdaq M...

SaverOne Implements Change in Ratio of Shares to ADSs to Meet Nasdaq Minimum Bid Price Requirement 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 complia...

 PRESS RELEASE

SaverOne Announces First U.S. Commercial Agreement with FedEx Trucking...

SaverOne Announces First U.S. Commercial Agreement with FedEx Trucking Contractor MDM Express SaverOne’s U.S. based Distributor Motor Supply is completing installation across MDM’s full fleet Petah Tikvah, Israel, Feb. 18, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a leading innovator in transportation safety technology, today announced that its distributor in the United States, Motor Supply, has successfully completed its first pilot project. The pilot was with MDM Express, Inc of Charlotte, North Carolina, and following rigorous testing, Motor Supply is m...

 PRESS RELEASE

SaverOne Announces New Deployment of Its Driver Distraction Prevention...

SaverOne Announces New Deployment of Its Driver Distraction Prevention System in Teva Pharmaceutical’s Truck Fleet Teva, a global pharmaceutical leader, to install the SaverOne System across its entire fleet of 50 delivery trucks in Israel Petah Tikvah, Israel, Feb. 04, 2025 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a leading innovator in transportation safety technology, today announced the award of a new contract with Teva Pharmaceutical Industries Ltd. (Teva), to install the SaverOne System across its entire fleet of 50 pharmaceutical delivery trucks. This fol...

 PRESS RELEASE

SaverOne Announces $1.5 Million Registered Direct Offering

SaverOne Announces $1.5 Million Registered Direct Offering 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 war...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch