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 December 2024 (Report No. 5)
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to the extent not superseded by documents or reports subsequently filed or furnished.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 December 17, 2024, titled “SaverOne Continues to Expand its Global Reach
with New Distribution Agreement with Smartfits in the UK.”
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: December 17, 2024 |
SAVERONE 2014 LTD. |
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By: |
/s/ Ori Gilboa |
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Name: |
Ori Gilboa |
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Title: |
Chief Executive Officer |
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Exhibit 99.1
SaverOne
Continues to Expand its Global Reach with New Distribution Agreement with Smartfits in the UK
Petah Tikvah, Israel, Dec. 17, 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 with Smartfits Installations Ltd. (Smartfits) to bring its driver distraction
prevention technology to fleets across the United Kingdom.
Smartfits, based in Burton on Trent, central England,
specializes in fleet safety and technology integrations, serving a diverse range of industries including logistics, public transport and
corporate fleets.
Mr. Ori Gilboa, CEO of SaverOne, commented,
“We are excited to partner with Smartfits as we introduce our critical road-safety technology to the UK market. This new partnership
reflects Smartfits’ commitment to introducing cutting-edge safety innovations to its customer base and aligns strongly with our
mission of enhancing road safety. This new distribution partnership is part of our strategic global expansion plan and builds on our strong
recent success in European markets. Smartfits’ expertise and focus on delivering safety-driven solutions to fleet operators makes
them an ideal partner. We believe their deep market knowledge and strong distribution capabilities will enable us to address the significant
potential demand for driver distraction prevention technology in the UK.”
Ms. Lehanne Hassall, Head of Operations at
Smartfits, added, “We are thrilled to build this new collaboration with SaverOne and bring their pioneering solution to customers
across the UK. Fleet safety is a top priority for operators, and SaverOne’s technology offers an innovative way to prevent distractions
and reduce accidents. Together, we aim to make British roads safer while helping fleets achieve greater efficiency and compliance. We
anticipate strong market demand ahead as we launch the product into the UK market and look forward to providing fleets with this groundbreaking
technology.”
The UK fleet market, with over five million vehicles,
has potential for growth in safety-enhancing technologies, driven by increasing regulatory focus and the rising costs of accidents caused
by driver distractions. SaverOne’s solution directly addresses these challenges by preventing mobile phone distractions among drivers,
thereby reducing risks and operational costs for fleet operators.
About the SaverOne System
SaverOne's system is installed in vehicles to
solve the problem of driver distraction, as a result of drivers using distracting applications on their mobile phones while driving in
a way that endangers their safety and the safety of their passengers. This phenomenon is considered one of the leading causes of global
road accidents. 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.
It prevents the driver from accessing distracting applications such as messaging while allowing others (navigation as an example) without
user intervention or consent, creating a safer driving environment.
SaverOne's primary target markets include commercial
and private vehicle fleets interested in reducing potential damages and significant costs, vehicle manufacturers interested in integrating
safety solutions into their vehicles, and insurance and leasing companies. SaverOne initially addresses car fleets with a focus on the
Israeli, European, and US markets and other markets worldwide. SaverOne believes that an increased focus on monitoring and prevention
of cellular distraction systems in vehicles, 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
to customers in the aftermarket and address OEM vehicle manufacturers to integrate the Company's protection technologies during the vehicle
manufacturing process.
About SaverOne
SaverOne is a technology company that designs,
develops, and commercializes OEM and aftermarket solutions and technologies to lower the risk of and prevent vehicle accidents.
SaverOne's initial product line is a suite of
solutions that saves lives by preventing car accidents resulting from distraction from using 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, besides those of historical fact, contained in this press release are forward-looking. 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, 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. However, 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 about future events that may not prove accurate. Many factors could cause
SaverOne's actual activities or results to differ materially from those 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 our technology to substantially improve the safety of drivers; SaverOne’s planned level of revenues and capital
expenditures and its ability to continue as a going concern; the success of the distribution agreement with Smartfits in the U.K and SaverOne’s
ability to further broaden products and services in the UK and the rest of Europe; SaverOne’s ability to maintain its listing on
the Nasdaq Capital Market; the ability of SaverOne’s technology to substantially improve the safety of drivers; its ability
to market and sell its products; its 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 in which it conducts business to distribute products or technology; SaverOne’s plan
to seek patent, trademark and other intellectual property rights for products and technologies in the United States and internationally,
as well as its ability to maintain and protect the validity of currently held intellectual property rights; SaverOne’s expectations
regarding future changes in its cost of revenues and operating expenses; SaverOne’s expectations regarding its tax classifications;
interpretations of current laws and the passage of future laws; acceptance of its 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 its belief that it will maintain good relations with all employees; a resurgence of the COVID-19 pandemic and its impact on business
and industry; as well as 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 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: |
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Ehud Helft |
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+1 212 378 8040 |
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saverone@ekgir.com |
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