Yes. You can copy the files to another server device.  You must include the file ‘CATALOG.LVB’, which contains the pointer to the SAVF files. Each new SAVOBJLVB or SAVLIBLVB creates a numbered SAVF data file and a list with the extensions SVF and LST.
We have had success using SynchBackSE to backup our backups across the network, making second copies of our iSeries backups. You can also use it to copy across the Internet.
You can also set a second copy path in the Properties that will cause LVBackup to write a second copy of the ‘save file’ after the download process.