SaverOne 2014 Ltd (SVRE)

[stockforce]

The final commercial agreement with IVECO is a life changing event for SaverOne. Keep in mind IVECO also signed a Side Letter to the original MOU with SaverOne, saying “The letter also provides IVECO with an exclusivity period of up to six months during which SaverOne agreed not to sell, develop or manufacture its OEM solution for SaverOne’s innovative in-cabin Driver Distraction Prevention Solution (DDPS) with any other truck manufacturer.”

Understand the power of the word “exclusivity” IVECO used. Their partnership of integrating SaverOne’s DDPS in IVECO’s hundreds of thousands of new cars/trucks is exclusively between the two parties for up to 6 months. SaverOne obviously has an upper hand in this deal with IVECO.

https://www.prnewswire.com/il/news-releases/saverone-and-iveco-plan-to-advance-collaboration-later-this-year-301865665.html