SaverOne Granted New European Patent Strengthening its 23 Patent IP Portfolio in Multi-Billion Dollar Safety Transportation Market

Petah Tikvah, Israel, May 14, 2024 (GLOBE NEWSWIRE) -- SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company engaged in disruptive transportation safety solutions, is pleased to announce the award of a new patent to the Company by the European Patent Office. The patent, numbered EP3158718, is entitled 'System and Methods to Facilitate Safe Driving’.

This newly granted patent encompasses SaverOne’s innovative system and groundbreaking methods that employ machine learning and channel fingerprinting techniques. These core technologies provide selective blocking that are designed to restrict certain functions of the driver's mobile phone while preserving full operation of other mobile devices within the vehicle. This targeted approach ensures that specifically the driver of the car is not distracted by his cellphone which is a major cause of accidents, enhancing the safety of all road users.

With the addition of this patent, SaverOne's portfolio now includes 23 patents, comprising 11 granted patents and 12 pending patent applications.  These patents are filed in key markets such as the US, China, Israel, the United Kingdom, and the European Union, reflecting the Company's strategy for global expansion.

"The granting of this new European patent is a testament to the innovation SaverOne brings to transportation safety," said Ori Gilboa, CEO of SaverOne. "With our strong patent portfolio, we are well-positioned to protect our intellectual property and maintain our leadership position while growing and expanding globally. SaverOne continues to build on its leadership in developing technologies that enhance road safety and protect all road users."

About SaverOne’s Systems
SaverOne’s system provides in-vehicle solutions to the problem of drivers using distracting mobile applications in a way that endangers their safety and the safety of all other road users. This phenomenon is considered one of the main causes of road accidents in the world. According to the Centers for Disease Control and Prevention (CDC), each year 1.4 million people globally are killed in car accidents and the annual cost of road accidents is estimated at close to $2 trillion. Up to a quarter of accidents are estimated to be related to the use of mobile phones while driving. SaverOne's technology specifically identifies the driver area in the vehicle and prevents the driver from accessing distracting applications such as messaging, while allowing other applications such as navigation and phone calls, without requiring user intervention or consent, creating a safer driving environment.