Arbe Robotics Ltd 6-K, filed Feb 28, 2022
Arbe Robotics Ltd. (ARBE)
About this 6-K
Arbe Robotics Ltd filed this 6-K on February 28, 2022.
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 February 2022
Commission File Number: 001-40884
ARBE ROBOTICS LTD.
(Translation of registrant’s name into English)
HaHashmonaim St. 107
Tel Aviv-Yafo, Israel
Tel: +972-73-7969804, ext. 200
(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 ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
INFORMATION CONTAINED IN THIS CURRENT REPORT ON FORM 6-K
On February 21, 2022, Arbe Robotics Ltd. (the “Company”) appointed Thilo Koslowski as a director. Mr. Koslowski will be a Class II director, with a term expiring with the Company’s annual general meeting in 2023. In connection with his appointment, the Company agreed to pay Mr. Koslowski annual compensation of $100,000 and an option to purchase 80,000 ordinary shares at $8.00 per share.
Mr. Koslowski is an executive consultant in the technology, automotive and digital business markets. From March 2016 to July 2020, he was founder and chief executive officer of Porsche Digital GmbH/Porsche Digital, Inc., which developed digital products and services for Porsche AG. Prior to his work at Porsche, Mr. Koslowski founded and led Gartner Inc.’s global automotive and smart mobility practice.
On February 24, 2022, the Company issued a press release announcing the appointment of Mr. Koslowski as a director. The press release is furnished as Exhibit 99.1 to this Report on Form 6-K.
Exhibit Index
| Exhibit No. | Document Description | |
| 99.1 | Press Release dated February 24, 2022 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ARBE ROBOTICS LTD. | ||
| By: | /s/ Kobi Marenko | |
| Name: | Kobi Marenko | |
| Title: | CEO | |
Date: February 28, 2022
Exhibit 99.1
Arbe Names Founder and Former CEO of Porsche Digital to Its Board of Directors
Renowned Innovator Thilo Koslowski Brings Automotive Technology Thought Leadership to Board of Directors
Tel Aviv, Israel, February 24, 2022 — Arbe Robotics Ltd. (Nasdaq: ARBE) (“Arbe”), a global leader in next-generation 4D Imaging Radar Solutions, announced today that Thilo Koslowski, a renowned thought leader, and visionary in automotive and digital technology, has been named to its Board of Directors. Koslowski is an executive advisor focused on technology strategies for global corporations, startups, and investors in the automotive, smart mobility and digital lifestyle markets. He previously served as the founder and CEO of Porsche Digital GmbH, where he built a digital foundation and capabilities for one of the world’s most iconic brands.
“Thilo Koslowski is well-recognized for developing strategies, partnerships, and innovative product concepts that set benchmarks in the automotive industry,” Arbe Chief Executive Officer Kobi Marenko says. “Arbe is excited to welcome him to our Board of Directors. We expect to benefit greatly from his remarkable depth of knowledge and experience.”
At Porsche Digital, a wholly-owned subsidiary of Porsche AG, Koslowski created the foundation for the automaker’s digital transformation. His responsibilities included building digital products, processes, and business models, and growing a digital ecosystem encompassing partnerships with leading technology companies, innovative startups, and investors in the vehicle, smart mobility and digital lifestyle areas. He developed an international organization of cross-functional experts and opened Porsche Digital offices across the globe.
Earlier in his career, Koslowski founded and served as vice president of the automotive/smart mobility practice at Gartner Inc., in Silicon Valley, where he advised global automakers, technology companies, and governments on harnessing new technological innovations to develop industry-leading products, business models, customer experiences, and partnerships.
“The success of autonomous vehicles depends on the enabling technologies’ performance, reliability and affordability,” Koslowski says. “Arbe’s imaging radar technology provides unprecedented levels of sensing and perception capabilities that will realize the proliferation of autonomous vehicles. I am pleased to join such an innovative enterprise that is leading the way to fully autonomous driving—a mission that I strongly believe in.”
About Arbe
Arbe (Nasdaq: ARBE), a global leader in next-generation 4D Imaging Radar Chipset Solutions, is spearheading a radar revolution, enabling truly safe driver-assist systems today while paving the way to full autonomous driving. Arbe’s imaging radar is 100 times more detailed than any other radar on the market and is a mandatory sensor for Level 2+ and higher autonomy. The company is empowering automakers, Tier 1 suppliers, autonomous ground vehicles, commercial and industrial vehicles, and a wide array of safety applications with advanced sensing and paradigm-changing perception. Arbe is a leader in the fast-growing automotive radar market that has an estimated projected total addressable market of $11 billion in 2025. Arbe is based in Tel Aviv, Israel, and has an office in the United States.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The words “expect,” “believe,” “estimate,” “intend,” “plan,” “anticipate,” “project,” “may,” “should,” “strategy,” “future,” “will,” “project, ” “potential” and similar expressions indicate forward-looking statements. References to Mr. Koslowski’s services for other companies, including Porsche Digital, relate only to his past business activities. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Statements that are not historical facts are forward-looking statements. You should carefully consider the risk factors and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note Regarding Forward-Looking Statements” and the additional risk described in Arbe’s prospectus dated November 2, 2021, which was filed by Arbe with the Securities and Exchange Commission on November 4, 2021, as well as the other documents filed by Arbe with the SEC. Accordingly, you[SA3] are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Arbe does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Media Contact:
DeeDee Rudenstein, Propel Strategic Communications 267-521-9654, drudenstein@propelsc.com
Shlomit Hacohen, Arbe Robotics Ltd., +972-54-5422432, shlomit.h@arberobotics.com
Miri Segal-Scharia, Investor relations, 917-607-8654, msegal@ms-ir.com