SaverOne 2014 to acquire Micronet’s generation-3 camera IP

SaverOne 2014 “announced a strategic asset purchase agreement for Micronet Ltd.’s Generation-3 camera products and intellectual property. Micronet is a developer of advanced telematics systems, cameras, and Driver Monitoring Systems. This acquisition aligns with SaverOne’s strategy to expand its portfolio of solutions and enhance its product offerings. Under the terms of the agreement, SaverOne will acquire the intellectual property and inventory related to Micronet’s Generation 3 camera at no upfront cost. The acquisition is structured as an earn-out agreement, with future royalty payments to Micronet contingent upon the sale of products incorporating the acquired camera technology.”