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 SaverOne’s technology to substantially improve the safety of drivers; SaverOne’s planned level of revenues and capital expenditures; SaverOne’s ability to market and sell its products; SaverOne’s 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 that it will conduct business to distribute our products or technology; SaverOne’s plan to seek patent, trademark and other intellectual property rights for our products and technologies in the United States and internationally, as well as its ability to maintain and protect the validity of its currently held intellectual property rights; SaverOne’s expectations regarding future changes in its cost of revenues and our operating expenses; interpretations of current laws and the passage of future laws; acceptance of SaverOne’s business model by investors; the ability to correctly identify and enter new markets; the success of the IVECO POC Product; 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 our belief that we maintain good relations with all of its employees; any resurgence of the COVID-19 pandemic and its impact on SaverOne’s business and industry; security, political and economic instability in the Middle East that could harm SaverOne’s business, including due to the current war between Israel and Hamas; 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.
Receives New Purchase Order from IVECO to Develop, Install and Demonstrate its Proof-of-Concept Solution for Vulnerable Road User DetectionPetah Tikvah, Israel, May 09, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd.(Nasdaq: SVRE, TASE: SVRE), a technology company engaged in disruptive transportation safety solutions, today announced that it has received a purchase order for a vulnerable road user (VRU) proof-of-concept (POC) from IVECO, the brand of Iveco Group N.V.(EXM: IVG), that designs, manufactures and markets light, medium and heavy commercial vehicles.
This new PO follows our announcement in March that we are working with a top-tier global consultancy firm to create the go-to-market business plan and model to grow and develop the VRU business.” Fabrizio Conicella, Head of Software and Analytics Lab, Iveco Group, commented, "IVECO is committed to road safety and innovation, and our further work with SaverOne on this VRU detection solution aligns perfectly with our mission to explore new technologies for safer and more efficient transportation solutions".
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