SVRE News & Events

SaverOne 2014 announced that it has entered a non-binding term sheet for a strategic investment in Gryphen Aircraft, an Italian aviation and defense technology company. Developing a NATO Class-3 & US Group-5 Medium/High Altitude Long Endurance Remotely Piloted Military Aircraft Systems, based on existing civilian aircraft platforms. Under the terms of the non-binding term sheet, SaverOne will initially invest EUR 5M in Gryphen in exchange for 33.3% of Gryphen's fully diluted share capital, subject to due diligence, the execution of definitive agreements and customary closing conditions. Subject to various milestones, SaverOne will increase the investment to EUR 8.33M and finally have the right, exercisable within 24 months following closing but not earlier than nine months following closing, to increase its ownership in Gryphen to 53% based on EUR 30M valuation.

SaverOne 2014 announced that it has signed a pilot cooperation agreement with RBtec to integrate SaverOne's RF sensing technology with RBtec's perimeter security system for a planned pilot deployment with a key RBtec customer in the security sector.

SaverOne 2014 announced that it has started a collaboration with a global leader in Driver Monitoring Systems, DMS, and interior sensing solutions. This collaboration is expected to progress through a customer pilot, joint development of an integrated solution, and commercialization of the integrated solution. Ori Gilboa, CEO of SaverOne, said: "We are very pleased to begin this collaboration with a leading driver monitoring company. Combining cutting-edge DMS technology with SaverOne's active distraction-prevention solution represent a major step toward redefining in-cabin safety. For fleets, we believe this will become the most comprehensive and effective safety system available and we look forward to ultimately bringing this solution to market."