This 10th patent granted out of a portfolio of
23 covers all aspects of SaverOne's System to prevent distraction
while driving
PETAH TIKVAH, Israel, Feb. 13,
2024 /PRNewswire/ -- SaverOne 2014 Ltd.
(Nasdaq: SVRE) (TASE: SVRE), a technology company engaged in
transportation safety solutions, is pleased to announce the award
of a new patent by the United States Patent and Trademark Office
(USPTO). The patent, bearing the number US 11,890,015 B2 and titled
System and Methods to Facilitate Safe Driving was granted on
January 30, 2024.
This latest patent is a testament to SaverOne's dedication to
reducing accidents and enhancing driver safety by controlling the
use of cellular phones while driving. The patent describes
SaverOne's advanced algorithms and its selective blocking mechanism
to prevent the driver from accessing distracting phone
functionalities while the vehicle is in motion. This proactive
approach to safety aims to significantly reduce the risk of
collisions caused by distracted driving.
With this new patent, SaverOne's patent portfolio comprises of
23 patents of which 10 are already granted in various jurisdictions
and a further 13 additional patent applications in process. These
patents are strategically filed in key markets such as the US,
China, Israel, the United
Kingdom, and the European Union, reflecting the company's
strategic vision for global expansion.
Ori Gilboa, CEO of SaverOne,
stated, "The grant of a new patent in the United States demonstrates the innovative
nature of our technology and highlights our commitment to advancing
transportation safety globally. This achievement is a credit to the
ingenuity and dedication of our R&D team. Our patent activity
allows us to invest strongly in technology and bring it to market,
securing our competitive edge and intellectual property rights over
the long-term. Our ultimate goal is to continue to advance and
revolutionize safety measures for drivers worldwide, fostering
safer driving practices and saving lives."
About the SaverOne System
SaverOne's system is installed in vehicles to provide a solution
to the problem of driver distraction, as a result of drivers using
distracting applications on the mobile phone while driving, in a
way that endangers their safety and the safety of their passengers.
This phenomenon is considered one of the main causes of road
accidents in the world. 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 and 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 that are interested in reducing potential damages
and significant cost, vehicle manufacturers that are interested in
integrating safety solutions to their vehicles, and insurance and
leasing companies. SaverOne initially addresses car fleets with
focus on the Israeli, European and US markets, as well as other
markets around the world. SaverOne believes that ultimately
increased focus on monitoring and prevention of cellular
distraction systems in vehicles, in particular 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 for
installation to customers in the aftermarket as well as address OEM
vehicle manufacturers, to install the Company's protection
technologies during the vehicle manufacturing
process.
About SaverOne
SaverOne is a technology company engaged in the design,
development and commercialization of OEM and aftermarket solutions
and technologies, to lower the risk of, and prevent, vehicle
accidents.
SaverOne's initial line of products is a suite of solutions that
saves lives by preventing car accidents resulting from distraction
from the use of 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 https://saver.one.
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, other than statements of historical
fact, contained in this press release are forward-looking
statements. Forward-looking statements contained in this press
release include, but are not limited to, statements regarding the
completion of the private placement, and the satisfaction of
customary closing conditions related to the private placement,
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, although 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 as to future events that may not prove to
be accurate. Many factors could cause SaverOne's actual activities
or results to differ materially from the activities and results
anticipated in such forward-looking statements. Factors that could
cause our 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 planned level of revenues and capital
expenditures and our ability to continue as a going concern; the
ability of our technology to substantially improve the safety of
drivers; our ability to market and sell our products; our plans to
continue to invest in research and development to develop
technology for both existing and new products; our intention to
advance our technologies and commercialization efforts; our
intention to use local distributors in each country or region that
we will conduct business to distribute our products or technology;
our plan to seek patent, trademark and other intellectual property
rights for our products and technologies in the United States and internationally, as well
as our ability to maintain and protect the validity of our
currently held intellectual property rights; our expectations
regarding future changes in our cost of revenues and our operating
expenses; our expectations regarding our tax classifications;
interpretations of current laws and the passage of future laws;
acceptance of our 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 we operate; projected capital
expenditures and liquidity; our intention to retain key employees,
and our belief that we maintain good relations with all of our
employees; any resurgence of the COVID-19 pandemic and its impact
on our business and industry; and 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 April 27,
2023 and in subsequent filings with the SEC..
Forward-looking statements contained in this announcement are made
as of this date, and SaverOne undertakes no duty to update such
information except as required under applicable law.
Logo:
https://mma.prnewswire.com/media/1978170/SaverOne_Logo.jpg
International Investor Relations Contact:
Ehud Helft
+1 212 378 8040
saverone@ekgir.com
Israeli Investors Contact:
Jonathan Eilat
john@theinvestor.co.il
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SOURCE SaverOne