SaverOne 2014 Ltd (SVRE)

[stockforce]

EU Regulation on Advanced Driver Distraction Warning (ADDW) Systems (EU) 2023/2590 was published in the Official Journal of the European Union on November 22, 2023. As specified in (EU) 2019/2144, the fitment of an ADDW system becomes mandatory for all new types of M and N category vehicle (i.e. all passenger carrying and goods carrying motor vehicles) from July 7, 2024. Phase-II of this regulation will include distraction avoidance by technical means.

SaverOne's CEO continued, "I am thrilled that SaverOne is now firmly in the revenue growth phase in its corporate lifecycle. We look forward to continuing to broaden our customer base and accelerate the growth of our install-base in the months and years ahead." SaverOne believes that ultimately increased focus on monitoring and prevention of cellular distraction systems in vehicles, in particular driven by upcoming expected EU regulation, will likely have a dramatic positive impact on the demand for its systems in the future.

https://www.investorideas.com/News/2023/technology/08030Driver-Tech-Distraction.asp