SaverOne Announces Strategic Acquisition of Micronet’s Generation-3 Camera IP
SaverOne 2014 Ltd. - American Depositary Shares (SVRE)
Company Research
Source: GlobeNewswire
Expands SaverOne’s product line with potential for future revenue growth Petah Tikvah, Israel, Aug. 27, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company specializing in transportation safety solutions, today announced a strategic asset purchase agreement for Micronet Ltd.’s (TASE: MCRNT) Generation-3 camera products and intellectual property (IP). Micronet is a developer of advanced telematics systems, cameras, and Driver Monitoring Systems (DMS). This acquisition aligns with SaverOne’s strategy to expand its portfolio of solutions and enhance its product offerings. Under the terms of the agreement, SaverOne will acquire the intellectual property (IP) and inventory related to Micronet’s Generation 3 camera at no upfront cost. The acquisition is structured as an earn-out agreement, with future royalty payments to Micronet contingent upon the sale of products incorporating the acquired camera technology. “This acquisition of products and
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- 11/19/24 - Form 6-K
- 11/18/24 - Form 6-K
- 11/14/24 - Form 6-K
- SVRE's page on the SEC website