SaverOne 2014 Ltd. (SVRE) stock: price, suppliers, customers and institutional ownership
Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
Prices via Intrinio. Supplier and customer ties are extracted from SEC filings and carry the sentence they came from. Not investment advice.
SaverOne 2014 Ltd.
Price, suppliers and customers from SEC filings, institutional ownership and the next report.
Nasdaq · Services
Prev close 2.39 · gapped above the open, never looked back. High/low 2.72 at 7:15 am ET, 2.39 at 12:30 pm ET.
We are a technology company engaged in the design, development and commercialization of transportation and safety solutions designed to save lives by preventing car accidents resulting from the use of mobile phones while driving. Our SaverOne system provides an advanced driver safety solution that can identify and monitor mobile phones located in the driver’s vicinity and selectively block use of life-threatening applications. We have three generations of systems, the first two of which target the automobile aftermarket and the third which is intended to target vehicle manufacturers. We have completed the development of our Generation 1.0 system and are in the pre-commercialization/early use phase while the development of our Generation 2.0 system, which will replace Generation 1.0, is nearing completion. The Generation 3.0 system is in the early stages of development. Our SaverOne system can be utilized in vehicles owned or leased by companies that are provided to employees, or private vehicles, commercial trucks, buses and other forms of transportation. Our technology is based on our proprietary hardware, software and algorithms, and, because it meets the National Highway Traffic Safety Administration, or NHTSA’s, guidelines for a complete solution for distracted driving as well as offers certain advantages that our competitors do not, we believe we have significant advantages over our competitors in the market. In the past several years, we believe that public awareness and demand for driver safety technologies has grown substantially. While there are currently many driver assistant products on the market, we believe that the safety of drivers will be substantially improved with our technology. Our mission is to enhance driver safety by providing a solution that is highly reliable and able to prevent certain driver distractions related to mobile phone usage while driving, which we believe is a major cause for driver distraction related automobile accidents. Mobile phone distracted driving is a leading cause of traffic accidents in the United States. According to a survey done by the NHTSA, 660,000 drivers in the United States attempt to use their mobile phones while driving at any given moment. The National Safety Council, or NSC reports that mobile phone use during driving causes approximately 1.6 million traffic accidents annually in the United States alone, leading to the death of approximately 4,600 people and injuring an additional 391,000 people. Moreover, the Federal Motor Carrier Safety Administration, or FMCSA, reported that 71% of commercially driven large-truck crashes occurred because of driver distraction. The number of accidents caused by distracted driving increased each year from 2015 – 2019 according to the NHTSA. Distracted driving due to mobile phone usage is not just a problem in the United States. A number of surveys conducted across Europe and Oceania have revealed troubling statistics about its prevalence across nations. In the Czech Republic, 36% of drivers admitted to using their phone almost every time they get behind the wheel. In both Spain and Ireland, 25% of drivers admitted to using their phone while driving. In Germany, at any given moment an average of 7% of all drivers are distracted while driving. This problem of distracted driving extends to Australia as well, where one-quarter of drivers admitted to using their phone while driving. Currently there are 277 million cars and trucks on the road in the US and 339 million cars and trucks on the road in Europe and 32 million new cars and trucks are added each year. The ramifications of mobile phone distracted driving exceed the bounds of just physical damage, as they can be exceedingly costly for drivers as well. For example, expressed on a per death basis, the cost of all motor-vehicle crashes (fatal, nonfatal injury, and property damage) was $11,880,000 according to the NSC. In addition, the total societal and economic costs of distracted driving crashes in the United States was estimated at $871 billion according to the NHTSA. Specifically with regard to commercial vehicle crashes, the average total costs of commercial motor vehicle crashes for the years of 2009-2011 was over $83 billion per year according to the FMCSA. Accordingly, we believe that there is a tremendous financial incentive for a solution to this grave problem. In response to the need for a solution to distracted driving resulting from the use of mobile phones, the NHTSA has published a comprehensive study suggesting that a complete solution must contain the following features: (i) the ability to distinguish between the driver’s area of the vehicle and the rest of the vehicle, (ii) does not depend on the cooperation of the driver, and (iii) selective blocking of cell phone applications. Our SaverOne system has been designed with these features in mind. The NHTSA’s driving guidelines do not constitute U.S. law and compliance does not result in compliance with U.S. driving safety regulations. In order to market our products to vehicle manufacturers we may be required to meet different types of regulations requirements such as International Organization for Standardization (ISO) 26262 Functional Safety Regulations (ASIL), the International Standard for Automotive Quality Management Systems (IAFT) 16949, Automotive Software Process Improvement and Capability Determination (SPICE) or other common quality management standards. In order to meet the quality requirements, we will have to cooperate with vehicle manufacturers, to receive their customers’ quality requirements that meet the requisite regulation of such customers and implement tools, processes and methodologies. Such implementation will require significant resources and funds and is expected to consume significant time and effort. We expect that only our Generation 3.0 solution, which is a solution designed for the original equipment manufacturers, or OEM market, may require compliance with the foregoing regulations, whereas our Generation 1.0 and 2.0 solutions, both after-market solutions, are not required to comply with the foregoing regulations. The SaverOne system currently has achieved safety and radiation certifications from Hermon Laboratories, an internationally approved testing and certification lab. SaverOne’s solution is certified for operating in Israel, the United States, Europe and Japan. These certifications assure that SaverOne product complies with the regulations/legislations in these countries/regions. Generation 1.0 is our first-generation solution and is intended for private vehicles, trucks and buses as an aftermarket product. Our Generation 1.0 was launched in late 2019 for private cars, and thereafter made commercially available to trucks and buses. It is currently marketed in Israel as part of our pre-commercialization/early user campaign. To date, over 1,400 systems have been ordered (which includes nearly 300 systems ordered as part of our ongoing Generation 1.0 pilot program and over 1,100 systems purchased in commercial orders by our Generation 1.0 pilot program customers) and nearly 700 of these systems have been installed. Generation 2.0 is our second-generation solution that will replace Generation 1.0 and is intended as a solution for the automobile aftermarket. It includes various improvements to our Generation 1.0 solution for maximal performance, compatibility with automobiles and cellular networks, market penetration and profitability. We expect to launch the Generation 2.0 solution for sale in the second quarter of 2022 and we expect to target the global aftermarket automobile market starting with the U.S., Europe and Asia Pacific, or APAC. In Europe and APAC, we are working on pilot programs with various fleet and system integrators. With respect to the U.S., we are in the process of developing a strategic marketing plan for the rollout of our Generation 2.0 solution in the U.S. Our Generation 3.0 solution is being designed as a solution for the OEM market and we plan on it being directly integrated into the vehicle manufacturing process for seamless integration in the driving experience. We are currently working with one of the leading global OEMs in order to make the installation of the SaverOne System into vehicles system an essential part of the vehicle manufacturing process. The Generation 3.0 solution is in the early stage of development and we expect to launch the Generation 3.0 solution in 2025. We were incorporated in Israel on November 16, 2014. Our principal executive office is located at Em Hamoshavot Rd. 94, Petah Tikvah, Israel.
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No institutional manager reports a position in this company. Funds disclose holdings quarterly on form 13F, and none of them names it.
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SVRE (SaverOne 2014 Ltd.) has 0 disclosed suppliers and 0 disclosed customers, strongest disclosure first.
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