Marcus Brimage

SaverOne Presents Business Update with YoY Revenue Growth of 127% for the First Nine Months of 2022

Retrieved on: 
Wednesday, December 21, 2022
TASE, Bank, VRU, Keshet, Truck, Research, ADS, ADSS, Israel Airports Authority, NIS, Marketing, Detection, American depositary receipt, DDPS, Advanced driver-assistance systems, Growth, First International Bank of Israel, FedEx, Electronics, MOU, Logistics, ADAS, Transport, Accident, Osem, Traction, OEM, POC, Saudi Readymix Concrete Company, Renewable energy, Cryptocurrency, Mobile phone, Marcus Brimage, Insulin aspart, Iveco

PETAH TIKVAH Israel, Dec. 21, 2022 /PRNewswire/ --  SaverOne 2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE), a company developing and deploying transportation safety and advanced driver-assistance systems (ADAS) technologies and solutions, today presented its results for the nine month period ended September 30, 2022 and presented recent business updates.

Key Points: 
  • Strong revenue growth with revenues of NIS 754,000 (~$213,000), an increase of 127% year-over-year compared with NIS 332,000 (~$94,000) in the same period last year.
  • It is noted that SaverOne is in its early revenue growth stage with primary focus on sales and marketing and investment in R&D and advancing its technology.
  • Net loss was NIS 19,742,000 (~$5,572,000) for the nine months ended September 30, 2022, compared to NIS 19,203,000 (~$5,420,000) for the nine months ended September 30, 2021.
  • Cash and cash equivalents and short-term bank deposits as of September 30, 2022, amounted to NIS 32.1 million (~$9.1 million).

SaverOne System to be Installed on Brimag's Entire Fleet of Technician Vehicles

Retrieved on: 
Tuesday, December 6, 2022
Security (finance), Accident, Transport, Environment, Intellectual property, ADAS, Research, Death, Government, COVID-19, Prospectus, OEM, Safety, Risk, Public expenditure, Electronics, National Highway Traffic Safety Administration, VRU, Patent, Insurance, TASE, Mobile phone, Risk management, EU, Marcus Brimage

PETAH TIKVAH, Israel, Dec. 6, 2022 /PRNewswire/ -- SaverOne 2014 Ltd. (NASDAQ: SVRE) (TASE: SVRE) a company developing and deploying transportation safety and advanced driver-assistance systems (ADAS) technologies and solutions, today announced that Brimag, one of Israel's leading importers and distributers of home appliances and consumer electronics, has decided to install the SaverOne System across its entire fleet of technician vehicles.  

Key Points: 
  • Brimag provides warranties for all the products it sells and via its service subsidiary, operates a fleet of technician vehicles which provide an efficient repair service for its customers, at their homes.
  • In the coming weeks, the SaverOne System will be installed on 50 further technician vehicles.
  • Our system prevents distracting activities such as messaging which can cause accidents, while allowing non-distracting activities such as navigation.
  • This new vertical of technician vehicles is important, as our system will not only ultimately save lives but will also lower the risk of significant costs and disruption to their employers."