SaverOne acquires Micronet's Gen-3 camera products and IP for safe driving tech expansion.

SaverOne, a transport safety tech firm, has acquired Micronet's Gen-3 camera products and IP, aligning with its strategy to expand its solutions. This earn-out agreement involves future royalty payments to Micronet based on sales of products using the acquired camera technology. Targeting commercial and private fleets, vehicle manufacturers, and insurance firms, SaverOne aims to integrate its system for safe driving environments, addressing driver distraction from mobile phone usage.

August 27, 2024
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