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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 13, 2023
OMNIQ
CORP.
(Exact
name of registrant as specified in charter)
Delaware |
|
001-40768 |
|
20-3454263 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
1865
West 2100 South, Salt Lake City, UT 84119
(Address
of Principal Executive Offices) (Zip Code)
(714)
899-4800
(Registrant’s
Telephone Number, Including Area Code)
Not
Applicable
(Former
Name or Former Address, If Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Ticker
symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.001 |
|
OMQS |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mart if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
7.01 Regulation FD Disclosure
On
July 13, 2023, OmniQ Corp. (the “Company”) issued a press release. A copy of the press release is attached hereto and incorporated
herein by reference in its entirety as Exhibit 99.1.
Item
9.01 Financial statements and Exhibits
(d)
Exhibits.
SIGNATURE
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 hereunto duly authorized.
Date:
July 13, 2023
OMNIQ
Corp. |
|
|
|
|
By: |
/s/
Shai S. Lustgarten |
|
|
Shai
S. Lustgarten |
|
|
President
and CEO |
|
Exhibit 99.1
![Logo, company name
Description automatically generated](https://www.sec.gov/Archives/edgar/data/278165/000149315223024396/ex99-1_001.jpg)
OMNIQ Receives $1.2 Million
Follow- On Order for IoT “Contactless” Data Collection Solution from a Leading Freight Transportation and Logistics Company
SALT
LAKE CITY, July 13th, 2023 — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ”
or “the Company”), a provider of Artificial Intelligence (AI)-based solutions,
today announced that it has received a follow-on order for $1.2 million from a leading freight transportation and logistics company.
The purchase order is for
rugged mobile computers (IoT) used in automation of processes, digital monitoring, control and efficiencies through the supply chain level.
OMNIQ’s suite of supply
chain mobility solutions, which includes rugged handheld mobile computers, 2D Scanners and barcode printers with fast and dependable wireless
connection, enable quick and accurate data collection, tracking and processing for critical supermarket functions, such as shipping and
receiving and inventory and warehouse management. These devices provide a more “contactless” approach to the customer’s
retail and logistics operations.
“We are excited to
provide the technology and hardware to support our large customer’s supply chain operations” said Shai Lustgarten, CEO of
OMNIQ. “Our touchless solutions continue to receive increased demand across many industries, including healthcare, retail, transportation
and logistics, and parking management, as organizations maintain both safety measures and a focus on maximizing efficiencies throughout
their businesses.”
About OMNIQ Corp:
OMNIQ Corp. provides computerized and machine vision
image processing solutions that use patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring
for supply chain management, homeland security, public safety, traffic & parking management, and access control applications. The
technology and services provided by the Company help clients move people, assets, and data safely and securely through airports, warehouses,
schools, national borders, and many other applications and environments.
OMNIQ’s customers include government agencies
and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation
and logistics, healthcare, oil, gas, and chemicals.
The Company currently addresses several billion-dollar
markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast
to grow to $5.2 billion by 2023 and the fast casual restaurant sector expected to reach $209 billion by 2027.
For more information please visit www.omniq.com.
Information about Forward-Looking Statements
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends,
projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
This release contains “forward-looking statements”
that include information relating to future events and future financial and operating performance. The words “anticipate”,
“may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,”
“potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the
times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available
at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to
risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the
forward-looking statements. Examples of forward-looking statements include, among others, statements made in this press release regarding
the closing of the private placement and the use of proceeds received in the private placement. Important factors that could cause these
differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current
health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships,
the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial
strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured
lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time
in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements
in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost
reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties
affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at
https://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, unless otherwise required by law.
IR Contact:
Koko Kimball
kkimball@omniQ.com
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