Regulatory Filings • Dec 20, 2021
Regulatory Filings
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This is an English translation of a Hebrew report of the Company, that was published on December 20, 2021 (reference no 2021-01-182067) at the ISA reporting website (magna.isa.gov.il) (hereafter: "the Hebrew Version").
This English version is only for convenience purposes. This is not an official translation and has no binding force. The translation in any case cannot perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.
20 December 2021
| To: Israel Securities Authority | To: Tel Aviv Stock Exchange |
|---|---|
| www.isa.gov.il | www.tase.co.il |
The Company respectfully updates that yesterday, December 19, 2021, an agreement was signed with JP Morgan Chase Bank ("JPM"). As agreed between the parties, JPM will offer its premium customers, belonging to the Sapphire Reserve Club, the option to purchase the Company's systems at a discounted price.
To the best of the Company's knowledge, the exclusive club includes ~5 million customers holding the Sapphire Reserve card out of the ~100 million active credit cards in the various JPM clubs.
It should also be noted that the offer will be made in collaboration with Cardlytics Inc (NASDAQ: CDLX), working to connect digital platforms of various banks and brands to maximize value for banks' customers.
It is emphasized that the aforementioned contract does not include any obligation to purchase the Company's products, and there is no certainty that JPM customers will purchase the Company's products. Thus, at this stage, the Company is unable to assess the impact of the engagement on its business results.
Sincerely, Aura Smart Air Ltd. By: Aviad Shnaiderman, CEO
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