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 October 2024 (Report No. 2)
Commission
File Number: 001-40303
Inspira
Technologies Oxy B.H.N. Ltd.
(Translation
of registrant’s name into English)
2
Ha-Tidhar St.
Ra’anana
4366504, Israel
(Address
of principal executive office)
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
CONTENTS
On
October 24, 2024, Inspira Technologies Oxy B.H.N. Ltd., or the Registrant, issued a press release titled “Inspira™ Announces
Establishment of Distribution Facility to Support U.S. Deployment of INSPIRA™ ART100,” a copy of which is furnished as Exhibit
99.1 with this report of foreign private issuer on Form 6-K.
The
first three paragraphs and the section titled “Forward-Looking Statements” in the press release are incorporated by
reference into the Registrant’s Registration Statements on Form F-3 (Registration No. 333-266748) and Form S-8 (Registration
Nos. 333-259057 and 333-277980), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this
Report of Foreign Private Issuer on Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or
furnished.
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.
|
Inspira Technologies Oxy B.H.N. Ltd. |
|
|
|
Date: October 24, 2024 |
By: |
/s/
Dagi Ben-Noon |
|
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Name: |
Dagi Ben-Noon |
|
|
Title: |
Chief Executive Officer |
2
Exhibit 99.1
Inspira™ Announces Establishment
of Distribution Facility to Support U.S. Deployment of INSPIRA™ ART100
The Company has signed a distribution agreement that assigns to Glo-Med
the role of Inspira’s primary distributor and customer support center in the U.S.
Ra’anana, Israel, October 24, 2024 – Inspira Technologies
OXY B.H.N. Ltd. (Nasdaq: IINN, IINNW) (“Inspira Technologies”, “Inspira” or the “Company”), a
groundbreaking life support technology company, is pleased to announce that it has entered into an agreement with Glo-Med Networks Inc
(“Glo-Med”), which will serve as Inspira’s primary distributor in the United States. Glo-Med’s distribution facility
will serve as a support center for the deployment of the INSPIRA ART100 in the United States. The INSPIRA ART100 is a U.S. Food and Drug
Administration (FDA) 510(k)-cleared for Cardiopulmonary Bypass (CPB) procedures.
Inspira aims to revolutionize life support for millions of acute respiratory
failure patients each year with the Company’s proprietary INSPIRA™ ART device being designed to monitor and elevate declining
blood saturation levels in minutes without a mechanical ventilator. Targeting 20 million patients each year, the INSPIRA ART has a potential
estimated $19 billion market opportunity. This agreement and distribution facility aims to enhance the Company’s operational efficiency
and customer service capabilities in the U.S. market. Toward the planned deployment of the INSPIRA ART100 in 2024 and looking ahead, the
Company’s goal is to introduce physicians and perfusionists to Inspira’s technologies and brand proposition in preparation
for the future planned deployment of the flagship INSPIRA ART.
The distribution facility, located in Florida, will play an important
role in supporting the deployment and maintenance of the INSPIRA ART100 system and will potentially facilitate the commercialization of
additional products in the U.S. market in the future. The medical distribution and service facility will be fully operated by Glo-Med
and will serve as a central hub for Inspira’s logistics operations, pursuant to the distribution agreement, ensuring the timely
and efficient distribution of the Company’s innovative medical devices. The facility will house a dedicated customer support team
providing comprehensive support services to healthcare providers using Inspira’s products. Additionally, the facility will provide
original equipment manufacturer certified after-market services through a partnership with Med-Stat Consulting Services (“Med-Stat”),
a reputable national biomedical engineering services firm. Med-Stat was founded in 2003 and provides onsite and depot medical equipment
servicing for the largest and most reputable healthcare facilities in the U.S.
Joe Hayon, co-founder and President of Inspira Technologies, stated,
“This distribution agreement represents a crucial milestone in our efforts to introduce Inspira’s innovative technologies
to the market. With Glo-Med managing the deployment and maintenance of the INSPIRA ART 100 system in the U.S., I believe that we are well-positioned
for the future launch of our flagship INSPIRA ART and other products in our pipeline.”
Matus Knoblich, CEO of Glo-Med, stated, “I believe that
the coupling of Glo-Med’s distribution network and capabilities with the industry leading service provided by Med-Stat will create
a fully vertically integrated business model where customers can receive the highest level of service and support within the industry
sector. Both companies will be working with the same mission in mind: growth and expansion of the Inspira Technologies brand coupled with
a fully supported user experience. We believe that this will lead to success for all participants.”
Inspira™ Technologies OXY B.H.N. Ltd.
Inspira Technologies is an innovative medical technology company in
the life support and respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology (INSPIRA™
ART), a groundbreaking device poised to revolutionize the $19 billion mechanical ventilation market. With 20 million intensive
care unit patients with acute respiratory failure each year, many of whom rely on mechanical ventilators, the INSPIRA ART offers a potential
alternative by elevating and stabilizing decreasing oxygen saturation levels in minutes without a ventilators, with patient being awake
during treatment. The INSPIRA ART is being equipped with clip-on HYLA™ blood sensor, a real-time continuous blood monitoring technology,
aiming to alert physicians of changes in a patient’s condition without the need for intermittent actual blood samples, and potentially
supporting physicians in making informed decisions.
The Company’s INSPIRA™ ART100 system has
obtained FDA 510(k) clearance for use in Cardiopulmonary Bypass procedures, along with the Israeli AMAR certification for both Extra-Corporeal
Membrane Oxygenation and Cardiopulmonary Bypass procedures.
The Company’s other products and technologies, including the
INSPIRA ART also known as the INSPIRA™ ART500 or Gen 2, the INSPIRA™ Cardi-ART portable modular device, VORTX orbiting Oxygen
Delivery System and HYLA™ blood sensor, are currently being designed and developed, and have not yet been tested or used in humans
and have not been approved by any regulatory entity.
For more information, please visit our corporate website: https://inspira-technologies.com
Forward-Looking Statement Disclaimer
This press release contains express or implied forward-looking statements
pursuant to U.S. Federal securities laws. These forward-looking statements and their implications are based on the current expectations
of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it
discusses the expected benefits of the agreement with Glo-Med, the aims of the agreement, the potential benefits of the INSPIRA ART, the
potential market size for the INSPIRA ART, the expectation that the distribution facility will play an important role in supporting the
deployment and maintenance of the INSPIRA ART100 system, the Company’s goal to introduce physicians and perfusionists to its technologies,
that the distribution center will facilitate the potential commercialization of other future products, the belief that the agreement represents
a crucial milestone in our efforts to introduce Inspira’s innovative technologies to the market, the belief that the Company is
well-positioned for the future launch of the INSPIRA ART and other products in its pipeline, the belief that combining Glo-Med’s
distribution network and capabilities with Med-Stat will create a fully vertically integrated business model and the belief that this
structure will lead to success for the Company, Glo-Med and Med-Stat. These forward-looking statements and their implications are based
solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could
cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law,
the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties
affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for
the fiscal year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”), which
is available on the SEC’s website, www.sec.gov.
Contact:
Inspira Technologies – Media Relations
Email: info@inspirao2.com
Phone: +972-9-9664485
MRK-ARS-118
Copyright © 2018-2024 Inspira Technologies OXY B.H.N. LTD., All
rights reserved.
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