SaverOne (Nasdaq: $SVRE) @SaverOne_
Reports Strategic LOI with AI Defense Stock VisionWave Holdings
(Nasdaq: $VWAV) @VWAVInc to Develop RF Defense Platform
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for VisionWave Holdings, Inc (Nasdaq:
VWAV) and SaverOne
2014 Ltd. (Nasdaq: SVRE) (TASE: SVRE).
SaverOne
2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company specializing in
developing advanced transportation safety and RF-based solutions, today
announced that it has entered into a non-binding letter of intent (LOI) with
VisionWave Holdings, Inc. (Nasdaq: 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 $2.75 million
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 $7 million. 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.
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VWAV
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Ori
Gilboa, CEO of SaverOne, said: “This
LOI represents an important strategic step for SaverOne. It allows us to
develop and expand our RF capabilities into a new and very large addressable
market: the defense and security markets, under the VisionWave platform.
Together with VisionWave, we believe that we can position SaverOne as a
meaningful player in this mission-critical sector. We look forward to working
closely with the VisionWave team to bring this vision to a reality.”
Doug
Davis, Executive Chairman and Interim CEO of VisionWave, commented, “We see SaverOne’s RF technology as an
attractive platform to support the next phase of VisionWave’s RF-focused
defense strategy. Our phased approach is designed to support disciplined
execution, technology integration, and early customer engagement in the defense
and security markets.”
Subject to
the completion of the relevant legal and financial due diligence,
transaction is further subject to the preparation of legal binding definitive
agreements and approval by Saverone’s shareholders. There is no guarantee that
the contemplated transactions will take place under the current terms or
timeline, or at all. Shareholders are cautioned not to place undue reliance on
this preliminary announcement.
About
SaverOne
SaverOne is a technology
company that designs, develops, and commercializes OEM and aftermarket
solutions and technologies to lower the risk of and prevent vehicle accidents.
SaverOne’s advanced solutions for saving lives on the road are powered by a
patented AI technology that detects, locates and analyzes cell phone RF
signals. The combination of proprietary hardware, software and algorithms
serves as a blueprint for our innovative product lines.
SaverOne's initial
product line is a suite of solutions that saves lives by preventing car
accidents resulting from distraction from using mobile phones while driving.
SaverOne is also developing a sensor system for early location and direction
detection under all visibility conditions of vulnerable road users (VRU)
through their cellphone footprint.
Learn more at https://saver.one/
About
VisionWave
VisionWave Holdings,
Inc. (NASDAQ: VWAV) is focused on advanced sensing, autonomy, and AI-driven
systems for defense and security applications. VisionWave Holdings Inc.
develops proprietary radio-frequency sensing and imaging technologies designed
to enable real-time detection, decision support, and situational awareness
across complex operational environments.
Forward
Looking Statements
This press
release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act and other securities laws that are
subject to substantial risks and uncertainties. All statements, besides those
of historical fact, contained in this press release are forward-looking.
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, 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. However, not all forward-looking
statements contain these words. Forward-looking statements are based on
SaverOne's current expectations and are subject to inherent uncertainties,
risks, and assumptions that are difficult to predict. Further, certain
forward-looking statements are based on assumptions about future events that
may not prove accurate. Many factors could cause SaverOne's actual activities
or results to differ materially from those anticipated in such forward-looking
statements. Factors that could cause actual results to differ materially from
those expressed or implied in such forward-looking statements include, but are
not limited to: our ability to reach final agreements on the contents of the
LOI and enter into definitive and binding legal agreements with respect to the
subject matter thereof, our success in in integrating VisionWave’s technology
and developing and expanding our RF capabilities into the defense and security
markets; market acceptance of any future defense related products; our
ability to protect our patented technology from infringement by third parties;
SaverOne’s planned level of revenues and capital expenditures and its ability
to continue as a going concern; SaverOne’s ability to maintain its listing on
the Nasdaq Capital Market; 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 in Europe and globally; acceptance of its 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 its belief that it will maintain good relations with all
employees; VisionWave’s ability to complete the proposed equity issuances in
compliance with applicable securities laws and Nasdaq rules; potential delays
or failures in achieving the specified milestones; market acceptance of any
future defense related products; risks associated with the value protection
mechanism and any adjustments to the equity consideration included in the LOI;
as well as other risks and uncertainties, including, but not limited to, the
risks detailed in the Company's Annual Report on Form 20-F filed with the U.S.
Securities and Exchange Commission (the "SEC") on March 21, 2025
and in subsequent filings with the SEC. Forward-looking statements in
this announcement are made as of this date, and SaverOne undertakes no duty to
update such information except as required under applicable law.
International Investor Relations Contact:
Ehud Helft
+1 212 378 8040
saverone@ekgir.com
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