SaverOne 2014 Ltd. ADR (SVRE) has released an update.
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SaverOne 2014 Ltd. has strategically acquired the Generation-3 camera products and IP from Micronet, aligning with its commitment to enhance its transportation safety solutions. The acquisition, structured as an earn-out agreement without upfront costs, promises future revenue growth and customer expansion, particularly in the U.S. market. SaverOne’s technology focuses on preventing driver distraction caused by mobile phone usage, aiming to significantly reduce road accidents and their associated costs.
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