SaverOne Signs Pilot Agreement With RBtec to Expand Into Security Market

MT Newswires Live06-16 21:41

SaverOne (SVRE) said Tuesday it has signed a pilot cooperation agreement with perimeter intrusion detection systems firm RBtec to integrate its RF sensing technology with RBtec's perimeter security system for a planned pilot deployment with a key RBtec customer in the security sector.

Financial terms of the agreement were not provided.

The pilot is set to run for six months, after which the parties plan to discuss the terms of a potential commercial agreement, according to a statement.

The agreement marks progress under SaverOne's expansion into the defense and security markets, the company said.

Price: 3.88, Change: -0.52, Percent Change: -11.82

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