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SaverOne Reports Full Year 2024 Results  

GlobeNewswire LogoGlobeNewswire21h ago

SaverOne Reports Full Year 2024 Results   - GlobeNewswire

Quick Summary:

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 ability to raise the needed capital to expand its business; the ramification to SaverOne of the going concern’ qualification in its 2024 financial statements; the ramification to SaverOne of the going concern’ qualification in its 2024 financial statements; SaverOne’s ability to realize the market potential of its VRU sensor technology, SaverOne’s ability to maintain its listing on the Nasdaq Capital Market; 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 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 for the year ended December 31, 2024 filed with the U.S.

Recent Highlights SaverOne continues to execute on its strategy of broadening its footprint globally with new pilots internationally as well as its local market;5,400 systems have been ordered by customers as of March 20, 2025 (of which approximately 4,000 have been installed to-date)Signed new distribution agreements in Germany, UK, Spain/PortugalSaverOne’s US distribution partner brought its first US customer: FedEx Trucking Contractor MDM ExpressVulnerable Road User (VRU) sensor potential: a leading consulting firm concluded an external market analysis of SaverOne’s VRU sensor leveraging its RF-ADAS technology as well as its potential interest to OEMs, projecting an annual $1.5 billion potential by 2035SaverOne announced its intention to spinoff in the future a company dedicated to further development of its VRU sensor solution.

Forward-looking statements contained in this press release include, but are not limited to, statements regarding SaverOne's strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition 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.

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Article Details

Author / Journalist: SaverOne 2014 Ltd.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-21 @ 20:50:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1806 words

Reading Time: 11 minutes read

Sentences: 45 lines

Sentence Length: 41 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 27227126

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Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 39 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 21 hours ago

Coverage Areas: China

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Publisher ID: #116

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