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 2023
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 ☐
CONTENTS
Attached hereto and incorporated
herein is the Registrant’s press release issued on October 5, 2023, titled “SaverOne Expands Presence across Private and School
Bus Fleets with Six New Customer Wins”.
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.
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SaverOne 2014 Ltd. |
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Date: October 5, 2023 |
By: |
/s/ Ori Gilboa |
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Name: |
Ori Gilboa |
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Title: |
Chief Executive Officer |
2
Exhibit 99.1
SaverOne
Expands Presence across Private and School Bus Fleets with Six New Customer Wins
Petah Tikvah, Israel, October 5, 2023 –
SaverOne 2014 Ltd. (Nasdaq: SVRE, TASE: SVRE), a technology company specializing in transportation safety solutions, today announced
the win of six new customers, advancing SaverOne’s footprint in the private bus fleet industry. The private bus fleet vertical,
especially buses carrying school children, is key for SaverOne, representing significant growth potential internationally and has become
an area of strategic focus for the Company.
SaverOne reported initial orders of 90 new installations
of its in-cabin Driver Distraction Prevention Solution (DDPS), primarily on school buses. This represents only a portion of the full bus
fleets of these customers and there remains strong potential for further orders in the coming weeks.
Ensuring passenger safety in both public and especially
private and school bus transportation is of paramount importance. SaverOne’s DDPS removes a significant risk factor and a primary
cause of road accidents by selectively disabling the driver’s mobile distractions. This safeguards passengers and other road users
while preserving essential, non-distracting uses in compliance with each bus company’s strict safety guidelines.
Ori Gilboa, CEO of SaverOne, commented, “After
securing our major deal earlier this year for over 1,200 vehicles with leading Israeli public bus company Elektra Afikim, we are continuing
to grow and add new customers to our roster in this important vertical. We recently identified the private and school bus transportation
verticals as a key strategic focus for SaverOne. We are now seeing solid and increasing traction among bus companies, especially those
transporting and responsible for the safety of school children. As these new and growing orders demonstrate, customers and potential customers
are increasingly recognizing the value of our solutions, both in Israel and internationally. Preventable accidents continue to claim lives
and cause injuries. Our DDPS ensures that drivers remain focused on driving safely and undistracted, mitigating a significant risk.”
About the SaverOne System
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 and the safety of their passengers. 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), without user intervention or consent, creating a safer driving environment.
SaverOne’s primary target markets include
commercial and private vehicle fleets 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.
About SaverOne
SaverOne is a technology company engaged in the
design, development and commercialization of transportation safety solutions designed to save lives by preventing car accidents resulting
from distraction, by the use of mobile phones while driving. The SaverOne system provides an advanced driver safety solution that can
identify and monitor mobile phones located in the driver’s vicinity and selectively block use of distracting applications that may
become life-threatening.
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, 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 our 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; our planned level of revenues and capital expenditures and our ability
to continue as a going concern; the ability of our technology to substantially improve the safety of drivers; our ability to market and
sell our products; our plans to continue to invest in research and development to develop technology for both existing and new products;
our intention to advance our technologies and commercialization efforts; our intention to use local distributors in each country or region
that we will conduct business to distribute our products or technology; our plan to seek patent, trademark and other intellectual property
rights for our products and technologies in the United States and internationally, as well as our ability to maintain and protect the
validity of our currently held intellectual property rights; our expectations regarding future changes in our cost of revenues and our
operating expenses; our expectations regarding our tax classifications; interpretations of current laws and the passage of future laws;
acceptance of our 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 we operate; projected capital expenditures
and liquidity; our intention to retain key employees, and our belief that we maintain good relations with all of our employees; any resurgence
of the COVID-19 pandemic and its impact on our business and industry; 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 April 27, 2023 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
Israeli Investors Contact:
Jonathan Eilat
John@theinvestor.co.il
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