UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of September 2024 (Report No. 4)
Commission file number: 001-41387
SaverOne 2014 Ltd.
(Translation of registrant’s name into English)
Em Hamoshavot Rd. 94
Petah Tikvah, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
☒ Form 40-F ☐
The press release attached to this Form 6-K
is hereby incorporated by reference into the registrant’s Registration Statements on Form
S-8 (File No. 333-274455) and Form F-3 (File No. 333-274458, 333-263338 and
333-269260), to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or
reports subsequently filed or furnished.
CONTENTS
Attached hereto and incorporated herein is the Registrant’s press
release issued on September 26, 2024, titled “SaverOne Announces First Distribution Agreement
in the United States”
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: September 26, 2024 |
SAVERONE 2014 LTD. |
|
|
|
By: |
/s/ Ori Gilboa |
|
Name: |
Ori Gilboa |
|
Title: |
Chief Executive Officer |
Exhibit 99.1
SaverOne
Announces First Distribution Agreement in the United States
SaverOne
signs a distribution agreement with Motor Supply Inc., expanding into the US market
and securing a minimum of 37,600 installations over
the next 5 years
Petah Tikvah, Israel, Sept. 26, 2024 (GLOBE
NEWSWIRE) – SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company that develops and sells advanced transportation
safety solutions, today announced it has signed a new distribution agreement in the United States with a leading trucking company, Motor
Supply Inc. (Motor Supply). Motor Supply has been granted exclusive rights in 10 U.S. states to sell, install, and support SaverOne’s
solution. This agreement follows a successful pilot program in February 2024.
Motor Supply, based in Columbia, South Carolina,
specializes in leveraging cutting-edge technologies to efficiently transport goods across the United States.
Mr. Ori Gilboa, CEO of SaverOne, commented,
“We are excited to be partnering with Motor Supply as we expand our footprint into the U.S. market. This partnership follows a comprehensive
and extended trial, during which all aspects of our system were rigorously tested and validated. Motor Supply is deeply focused on advanced
transportation technologies and the fact that they see exceptional value in our solution to become our distribution partner, makes us
incredibly proud. This distribution agreement guarantees us at least 37,600 orders over the next five years, which is very significant
for us given that as of August-end we had a total of 3,750 installations globally. We are confident this new partnership will strengthen
our presence in the United States and will contribute to our global growth.”
Mr. Alex Abrashkin, Founder and CEO of Motor
Supply commented, “We are thrilled to elevate our partnership with SaverOne, making their pioneering technology accessible to
fleets throughout the United States. Committed to promoting a robust culture of road and driver safety, we continuously seek out innovations
that bolster driver protection and mitigate accidents. The success of our pilot program with SaverOne confirmed the significant impact
of their cell phone distraction prevention technology. Together with SaverOne we are proud to lead the way in advancing road safety through
innovative solutions across the transportation industry. We foresee substantial market demand and invite both commercial and public fleets
to join us in our mission to safeguard American roads.”
About SaverOne’s Systems
SaverOne’s system is installed in vehicles
to provide a solution to the problem of driver distraction, as a result of drivers using distracting applications on the mobile phone
while driving, in a way that endangers their safety, the safety of their passengers and others on the road. This phenomenon is considered
one of the main causes of road accidents in the world. According to the US National Highway Traffic Safety Administration, the annual
cost of road accidents just in the United States, stands at about $870 billion each year, excluding the costs of serious injury or death,
with a quarter of those accidents estimated to be related to the use of the mobile phones while driving. SaverOne’s technology specifically
recognizes the driver area in the vehicle and prevents the driver from accessing distracting applications such as messaging, while allowing
others (e.g. navigation, calls), without user intervention or consent, creating a safer driving environment.
SaverOne’s primary target markets include
commercial and private vehicle fleets, including public transportation and buses, that are interested in reducing potential damages and
significant cost, vehicle manufacturers that are interested in integrating safety solutions to their vehicles, and insurance and leasing
companies. SaverOne initially addresses car fleets with focus on the Israeli, European and US markets, as well as other markets around
the world. SaverOne believes that ultimately increased focus on monitoring and prevention of cellular distraction systems in vehicles,
in particular driven by upcoming expected EU regulation, will likely have a dramatic positive impact on the demand for its systems in
the future.
The Company’s strategy is to provide its
technology for installation to customers in the aftermarket as well as address OEM vehicle manufacturers, to install the Company’s protection
technologies during the vehicle manufacturing process.
SaverOne has developed a Vulnerable Road User
(VRU) solution with the potential to significantly enhance the performance of Advanced Driver Assistance System (ADAS) sensors through
a superior ability to deal with NLoS (non-line of sight) situations as well as adverse weather conditions and low-visibility. SaverOne’s
technology identifies the exact location and direction of movement of the VRU via their RF footprint from their cellphone signal. This
safety solution supports the avoidance of a collision by early detection VRUs such as pedestrians or cyclists in the vicinity of the vehicle.
About SaverOne
SaverOne is a technology company engaged in the
design, development and commercialization of OEM and aftermarket solutions and technologies, to lower the risk of, and prevent, vehicle
accidents.
SaverOne’s initial line of products is a
suite of solutions that saves lives by preventing car accidents resulting from distraction from the use of mobile phones while driving.
SaverOne is also developing a sensor system for early location and direction detection under all visibility conditions of vulnerable road
users (VRU) through their cellphone footprint.
Learn more at https://saver.one/
Forward Looking Statements
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws that are subject to substantial
risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking
statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding SaverOne’s
strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on
and interest in its business, intellectual property or product and its future results, operations and financial performance and condition
and may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,”
“estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,”
“potential,” “predict,” “project,” “target,” “aim,” “should,” “will”
“would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these
words. Forward-looking statements are based on SaverOne’s current expectations and are subject to inherent uncertainties, risks and assumptions
that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove
to be accurate. Many factors could cause SaverOne’s actual activities or results to differ materially from the activities and results
anticipated in such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied
in such forward-looking statements include, but are not limited to: the ability of SaverOne’s technology to substantially improve
the safety of drivers; market acceptance of SaverOne’s protection solutions; SaverOne’s success in partnering with Motor Supply
Inc.; SaverOne’s ability to expand its footprint into the U.S. market; SaverOne’s planned level of revenues and capital expenditures;
SaverOne’s ability to market and sell its products; SaverOne’s plans to continue to invest in research and development to
develop technology for both existing and new products; SaverOne’s intention to advance its technologies and commercialization efforts;
SaverOne’s intention to use local distributors in each country or region that it will conduct business to distribute SaverOne’s
products or technology; SaverOne’s plan to seek patent, trademark and other intellectual property rights for SaverOne’s products
and technologies in the United States and internationally, as well as its ability to maintain and protect the validity of its currently
held intellectual property rights; SaverOne’s expectations regarding future changes in its cost of revenues and operating expenses;
interpretations of current laws and the passage of future laws; acceptance of SaverOne’s business model by investors; the ability
to correctly identify and enter new markets; the impact of competition and new technologies; general market, political and economic conditions
in the countries in which SaverOne operates; projected capital expenditures and liquidity; SaverOne’s intention to retain key employees,
and the Company’s belief that it maintains good relations with all of its employees; any resurgence of the COVID-19 pandemic and
its impact on SaverOne’s business and industry; security, political and economic instability in the Middle East that could harm
SaverOne’s business, including due to the current war between Israel and Hamas; and other risks and uncertainties, including, but
not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission
(the “SEC”) on March 25, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement
are made as of this date, and SaverOne undertakes no duty to update such information except as required under applicable law.
International Investor Relations Contact:
Ehud Helft
+1 212 378 8040
saverone@ekgir.com
SaverOne 2014 (NASDAQ:SVREW)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
SaverOne 2014 (NASDAQ:SVREW)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024