SVRE News & Events

VisionWave Holdings (VWAV) announced a live demonstration of SaverOne's (SVRE) proprietary Vulnerable Road User radio-frequency sensing platform, conducted in Italy before a leading global commercial vehicle manufacturer. The company said, "The demonstration provided a real-world illustration of the platform's ability to detect and alert drivers to human presence and movement in complex, dynamic, and visually challenged environments. Conducted on a controlled, the demonstration placed the SaverOne VRU platform into a moving vehicle scenario designed to replicate real driving conditions showing its ability to detect pedestrians in different non line of sight scenarios including at night: System Engagement: As the vehicle began moving, the VRU system activated seamlessly, continuously scanning the environment in real time. Early Human Detection: Moments later, the system identified a nearby pedestrian, and will display visual indicator on the central screen of the vehicle accompanied by an audible alert, signaling awareness before any visible danger appeared. Escalation to Imminent Risk: As the vehicle progressed, the alert will be escalated to a red warning indicator, flagging a potential collision risk as a pedestrian is crossing into the vehicle's projected path. Challenging Conditions: The test unfolded the ability to detect 2 pedestrians hidden by 2 different cars and also at a total darkness conditions, - a setting intentionally chosen to stress the system under real-world complexity. The sequence illustrated how RF-based sensing can provide earlier, actionable awareness, offering drivers critical reaction time in scenarios where conventional camera, radar, or LiDAR systems may be constrained by line-of-sight limitations or adverse conditions."

VisionWave Holdings (VWAV) and SaverOne 2014 Ltd. (SVRE) jointly announced that they have entered into a definitive strategic Exchange Agreement to develop an RF-based defense and security technology platform. The transaction includes $7.0 million in staged equity consideration payable to SaverOne, and is structured to provide for a three-stage equity exchange and strategic collaboration between the two companies. Under the agreement, VisionWave may acquire approximately 51% of SaverOne on a fully diluted basis, subject to milestone achievement, regulatory approvals, and customary closing conditions. VisionWave will be authorized to appoint one director to SaverOne's Board at the initial investment stage, and subject to meeting the specified development milestones, to appoint one additional director upon completion of each investment stage

SaverOne 2014 Ltd. (SVRE) announced that it has entered into a non-binding letter of intent with VisionWave Holdings, Inc. (VWAV), involving RF technology collaboration geared toward the defense and security sector. Under the terms of the LOI and subject to the execution of definitive agreements, SaverOne will serve as VisionWave's operating arm for RF-focused defense and military technology initiatives. The parties intend to work closely together to integrate SaverOne's RF technologies to support the development and commercialization of advanced RF-based solutions for defense and security applications. As part of the proposed transaction, in the first stage, SaverOne will receive $2.75M in equity in VisionWave and VisionWave will receive 19.99% equity in SaverOne. Subject to the achievement of specified milestones, VisionWave will acquire additional equity in SaverOne in two subsequent stages, representing an additional 19.99% and 11.02%, respectively, for a potential total of approximately 51% equity ownership in SaverOne. Under the terms of the LOI, SaverOne will potentially receive equity in VisionWave with a total aggregate value of up to $7M. VisionWave will be authorized to appoint one director to SaverOne's at the initial investment stage, and subject to meeting the specified development milestones, to appoint additional directors.