Half Year 2023 SaverOne 2014 Ltd Earnings Call

What's the level of my go to market.

Oh, what he'd be happy to drive inspection prevention solution.

Commercially available beginning and being sold and that will be a little safety solution our expense.

Which is the vote, which is being developed that's what we call the <unk> they all at a distance.

The incoming badger destruction prevention solution Orient Chalk D D D S.

Our technology design to enhance road safety by preventing adviser disruption caused by moving more.

It consists of two primary product lines and aftermarket product for it.

Batesville and an OEM product targeting vehicles, basically manufacturers, which would be stupid race.

The manufacturing stage.

How do you what do you know the first generation V. P. S products launched in late 2019, pocketed private vehicles trucks buses and the local market that easily.

The technology is capable of identifying and monetize mobile phone with media driving between them selectively blocking life threatening application by allowing.

Allowing central functions like video games.

The second generation <unk> product released at the end of 'twenty 'twenty to mid <unk>.

Various demands of global auto markets and launch our strategy of marketing to blow on Monday.

This product has now been absorbed in the United States Europe .

In the Gulf region, as well as the newsletter.

Also working when an OEM solution for Barrick.

Integration into.

Based on manufacturing.

We have already signed an Mou with the vehicle.

And one of the larger European truck market, and which we plan to develop a solution for their customers.

With planned post commercialization in 2020.

Our second technology, which will.

Developing and recently moved into the testing phase with our vulnerable road users via a new protection solution.

The Amish Adas sensor.

Our technology focus.

Both of them living on the detection of vulnerable road users by locating the source of the cellular phone our students.

It enhances the performance of existing Adas.

Camera Lidar radar.

By effectively dealing with non line of sight hazards.

Those weather conditions and low visibility.

Actually it is the only technology that can deal with no line of sight.

The solution.

We are ahead of debate given the gradual enough time to avoid and prevent pollution.

By precisely identifying the location directional movement in steel of the D are you through their cellphone.

Sprint system offers superior visibility under all conditions.

Our solution is aimed at based on manufacturer.

The OEM market our goal is to augment the existing vehicle safety mechanism with a particular focus on non line of sight detection capability, we believe our solutions.

Particularly attractive for the Adas pencil suite ultimately for self driving cars.

Now moving to the next slide for those of you hold the presentation.

As I mentioned, our products are targeting aftermarket customers and Oems.

We recently took the decision to strengthen our management team, especially the sales and marketing.

With the recent appointment of Mr. <unk>, we have that.

Our new CFO .

<unk> is our head of business development for the global aftermarket and instead, along with Miami and head of business development for the global OEM market.

And in Israel, which is allowed by the Israel market.

We are positioning ourselves for.

Federated growth in both the OEM and aftermarket.

The collective experience spanning financial leadership international marketing technological innovation and sales management and set to drive our expansion strategy, both in Israel and of course with a bunch of them.

We do believe that our.

Much stronger sales and marketing team will further advance our go to market.

Both in Israel and international growth.

Well I've deepened our penetration into the Oems States.

And this that's fine we will discuss a little bit about the hours or the roadmap as you can see 2023 is right on track we have started our global expansion with pilots in suite.

We intend to continue promoting both the aftermarket and OEM solution over the years ahead.

In 2024, we believe our new powers.

Our Ava central we'd be ready.

We intend to commercially launch it to Delta automotive models.

Assuming development activities go as planned with the vehicle they expect to launch and stopped selling to the OEM BBB is product mix at that point.

<unk> and 'twenty five we.

We hope to release, a totally integrated product to abaca.

As you can see over the next phone call in the next slide in summary, the first half of 2023.

Well as we are.

Subsequently advancing our strategy.

As I mentioned earlier, we have 4300 system over there and we have projects with over 100 company.

Integrated single one into their fleet.

We successfully concluded our proof of concept for our <unk> solution.

And we are now advancing advancing is the latest development stage.

As I mentioned earlier, our work with Iveco is progressing and we hope to sign the final OEM agreement with them in the near future and plan.

Plans for.

Commercializing next.

Yeah.

Let's move to the next slide.

Our international expansion is stopping and we are seeing strong and growing interest in our solution.

Our first successful penetration into international market, both in the U S. In Florida is a pill and NASDAQ listed company.

And and the leader in the fast growing mobile thrown at us.

Similarly, we don't want a second panel in the U S for fueling trucks.

Which I hope to provide more information into the future in.

In May we announced the successful pilots they won't try to keep up with that with the minister of transport.

According to the pilot summaries demonstrations showcase.

Okay. They are customers of save the one system and improving road safety by preventing preventive dispatch to drive it.

Actually the accounts in the country of course, we will be happy to talk to you more.

We are also going to build a pilot project in the Gulf region, which we cannot yet provide information.

Well they show with all of these shows actually is that we are progressing nicely.

Finally, as I mentioned earlier, we are starting a new financing pilots with an existing existing casselberry in Europe , and again I hope to provide more information on these new pilots for the economy.

All of this proves that our strategy is working and gaining traction and we are increasingly realizing the significant potential.

Let's go to the.

Yes through the end of the summary, let's open the end of this presentation.

We're very pleased.

With our results for the first half with revenue growth of four times year over year.

Most importantly.

As I have shared over the last few minutes.

Strategy is indeed working.

But again, we are gaining strong strong traction not just within our local region Israel, but also now international.

Looking ahead.

We have significantly strengthened our sales and marketing team.

To pursue the opportunities we see in the Nashville internationally and I do believe we will continue to gain more traction globally in the coming months.

And with that.

We will open the call for the Q&A session, where youll see only.

And myself will be happy to answer your question.

Thank you Ari so at this time of life in the question and answer session. So there are two ways of asking a question one would be to raise your hands on the Oh, the ZIP platform a second way Asians insight to your question is the question announced the box, we will see those questions and I will be.

The ballots and.

Management will answer those questions. So we'll take a few moments now to poll for questions.

Okay. So we will first take some a rightful question, but I'll just remind is anybody that wishes to ask directly can raise their hands or you can type in the question and answer box.

Okay.

So on the first question.

What is the uptake with regards to European regulation, requiring explanation yourself that caused distracted driving.

Let me answer this question please alright.

So there is a European regulation regarding driver distraction within.

The car.

The first phase of this sale relations called the AWS advanced driver structured warning.

This regulation has already been completed and is expected to start implementation.

Next year at 2024.

Actually say, but one is actively participating in these European a regular regulatory are committed.

We are actually the only startups that are participating now that turns out.

This first phase.

Sure.

Intense two more and identify dry variety of construction.

We believe that this is not enough.

On the one and the identified but we wish to avoid in the present of course.

And therefore.

Therefore, we have been pushed and they were paying a relation is above sort of the second phase of this regulation starting next year.

Why don't you say goal is to.

And an avoidance to our construction by technical means and we believe it's stable one technology solution is the right fit.

For this second phase.

Well as we hoped.

B, our eventual integrated into new cars to the European Union and pulling them back around the world.

Okay. Thank you. So we have a question another question here.

This is for already how many customers do you have said, Paul which cover the whole thing is that can you talk about some of your largest customers.

While we ask them, we haven't been in in Israel, I saved more than 10 customers that already.

Out of those 100 customer that or we have 10 major more than saying that's already a good bill or fleet.

I think they are one of the most important one for US is the length of the games instead of public transportation.

Thanks, operator.

Weak share again after arena.

Completing a successful pilots.

10, a few tens of.

Boxes.

Starting in one area in Israel with a few hundreds of buses and and now he asking I mean, he's in the process of.

Equipping.

All the all these placements is 1200 buses so that it.

It seems that maybe the best or the most.

Yeah.

Hmm mm.

Exact example, how we can see that in expansion within the game.

Within that this segment of buses in Israel is within a plant, which started with a small amount and expanding into the unfortunate.

Okay. Thank you.

A reminder, if you have any questions you may type it in the question and answer box for EMEA ratio of hands.

Another question, we have had what is the update since the successful PSC.

She will talk about what they are you are you working with any Oems.

We are.

Yeah.

Okay.

We are working with the air or after the first Ah after the POC was there is there.

It did get European OEM.

It will be close, but we are actually working into the rest of them first of all we are.

Continuing with our development approach and second.

We are working with Oh.

Q or actually if you Peel, a few Oems and tier one manufacturers with several of them.

And at different stages of and.

Communication negotiation.

It's showing the system and are discussing in the future.

The cooperation we don't have any.

And then anything that we can win.

Right right now, but we are working with a few Oems and tier one.

Tier one supplier.

Okay.

We have a question here about your 2024 forecast what do you anticipate your cost for 'twenty cycle.

While we're not releasing numbers about the as you can see we anticipate.

As you can see the growth in there and there is the house and in the last half we are in a continuous growth.

That said 2020 bought too.

To keep this growth as we are growing internationally.

Okay.

What was the main driver of the yield overall ex growth in revenue year over year.

Well, that's obviously that could be interesting.

Switching of sale than a upgrade installation.

If I can elaborate a little bit I think the main the main reason for that is that the main reason for the ban that.

Main reason for that is that as we said our strategy is proven so.

Customers that are existing customer of ours and increasing their our their orders and they're going more towards a complete suite and in addition to that the more customers. We have the more happy customer we have them and we get more accommodation.

And the sale therefore, placing these will become an easier we foresee.

We believe that the same process.

Penetrating the market starting with few company then.

And then expanding will happen now in response to our global expansion I.

I would like to remind and other things that you already again said we.

Hum in Israel or with targeted in Israel.

Subsidiaries of global companies.

And one of the.

While one of the reason for targeting those companies there.

And they help.

Yeah, Yeah, helping apps to approach those are those companies abroad.

And again.

I mean, I hope I'll be able to to.

To tell to tell you about some successes in this day and they said they ratchet and the future.

Okay.

And again as a reminder, if you have any question that you made the ratio of highlands or he may type. It in the question and answer box somebody will get a few moments to see if there's any additional questions.

It looks like there are no additional questions at this time, so before I had said in fact of course, our E. I'd just remind everybody that tomorrow. They they were called.

They swept a webinar will be available from sable lungs websites and I would like to thank everybody for joining this call and back to you Ari.

Okay. Thank you. Thank you Kenny I would like to thank you all for your interest in our business, we aim to be as transparent and open as possible with our investors. If you wish to have a call without being commerce as our investor relationship.

I look forward to.

And furthering our strategy in the coming months.

Thank you and goodbye.