8-K
OMNIQ Corp. (OMQS)
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): March 18, 2024
OMNIQ
CORP.
(Exact name of registrant as specified in charter)
| Delaware | 001-40768 | 20-3454263 |
|---|---|---|
| (State<br> or other jurisdiction | (Commission | (IRS<br> Employer |
| of<br> incorporation) | File<br> Number) | Identification<br> No.) |
1865West 2100 South, Salt Lake City, UT 84119
(Address of Principal Executive Offices) (Zip Code)
(714)899-4800
(Registrant’s Telephone Number, Including Area Code)
NotApplicable
(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<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> 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<br> of each class | Ticker<br> symbol(s) | Name<br> 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. ☐
Item7.01 Regulation FD
On March 18, 2024, Omniq Corp. (the “Company”) issued a press release. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated herein by reference.
Item9.01 Financial Statements and Exhibits
(d)Exhibits
| Exhibit Number | Description |
|---|---|
| 99.1 | Press Release Dated March 18, 2024 |
| 104 | Cover<br> Page Interactive Data File (embedded within the Inline XBRL document) |
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: March 18, 2024
| OMNIQ Corp. | |
|---|---|
| By: | /s/ Shai S. Lustgarten |
| Shai<br> S. Lustgarten | |
| President<br> and CEO |
Exhibit99.1
OMNIQ SECURES CONTRACT FOR A MAJOR U.S. OWNED RESTAURANT CHAIN FOR OMNIQ’S FINTECH-BASED SELF-ORDERING PLATFORM
| ● | All<br> the branches will have full OMNIQ equipment. |
|---|---|
| ● | Project<br> includes a new Kitchen Display System and Kiosks. |
| --- | --- |
| ● | Planning<br> to expand to 4 More Branches this year. |
| --- | --- |
SALT LAKE CITY, March 18, 2024, (GLOBE NEWSWIRE) – OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a leader in cutting-edge technological solutions and equipment for the hospitality industry, is thrilled to announce a landmark contract with a renowned American hamburger chain. This collaboration marks a significant milestone as the company ventures into the Israeli market, with its first branch now open in Tel Aviv.
The contract signifies the beginning of a strategic partnership, with plans to equip four more branches within Israel by the end of this year. This endeavor not only underscores OMNIQ’s pivotal role in enhancing the dining experience but also its commitment to innovation and quality.
Under this agreement, OMNIQ will furnish the restaurant’s Israeli branches with full OMNIQ equipment, integrating state-of-the-art computer systems designed for the Kitchen Display System (KDS). This technology streamlines kitchen operations, ensuring orders are prepared efficiently and accurately, enhancing customer satisfaction.
Additionally, OMNIQ will introduce new, special Fintech self-order compact kiosks to these Israeli outlets. These kiosks are designed to optimize the ordering process, allowing customers to place orders conveniently, thus reducing wait times and improving the overall dining experience.
“We are honored to partner with them as they expand into the Israeli market,” said Shai Lustgarten, CEO, OMNIQ. “This partnership aligns with our mission to deliver innovative solutions that drive efficiency and enhance the customer experience. We are excited to see how our technology will support their growth and success in Israel.”
The restaurant’s decision to collaborate with OMNIQ illustrates a shared commitment to enhancing the dining experience through technology. It signifies a mutual recognition of the potential to set new standards in the industry and contribute to the evolution of global dining practices.
AboutOMNIQ Corp.
OMNIQ Corp. specializes in cutting-edge computerized and machine vision image processing technologies, underpinned by its proprietary and patented artificial intelligence developments. The company offers a comprehensive suite of services including advanced data collection systems, as well as real-time surveillance and monitoring solutions for a variety of industries such as supply chain management, homeland security, public safety, and traffic and parking management. OMNIQ Corp.’s solutions are meticulously crafted to enhance security and efficiency in the movement of people, assets, and data within critical infrastructures like airports, warehouses, and borders.
OMNIQ Corp. caters to a diverse client base, including governmental bodies and prominent Fortune 500 companies across sectors—ranging from manufacturing and retail to healthcare, distribution, transportation, logistics, and the food and beverage industry, along with the oil, gas, and chemical industries. Organizations leveraging OMNIQ Corp.’s advanced technologies gain superior control over their operational complexities, thereby achieving greater operational efficacy.
The company is actively working in industries that are quickly growing, such as the Global Safe City market expected to reach $67.1 billion by 2028, the smart parking sector forecasted to grow to $16.4 billion by 2030, and the fast-casual restaurant industry, projected to expand to $209 billion by 2027. These engagements underscore OMNIQ Corp.’s strategic commitment to industries increasingly reliant on advanced AI technology solutions.
For more information, please visit www.OMNIQ.com.
Forward-LookingStatements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, particularly under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements outline anticipated future events, economic conditions, and financial results, relying on current expectations and forecasts rather than historical realities.
Forward-looking statements, identifiable by words such as “anticipate,” “expect,” “may,” “believe,” and similar terms, are not assurances of future performance but reflections of management’s present views on potential future events. These predictions are subject to various risks and uncertainties that could cause a significant deviation in actual outcomes from those suggested or implied. Key factors include changes in product demand, the rollout of new products, the maintenance of key business and strategic partnerships, competitive challenges, market growth, financial stability, debt handling, and the successful integration of acquisitions.
This release’s specific forward-looking statements include projections about financial maneuvers, revenue enhancement, and operational betterment. For a comprehensive analysis of risks and uncertainties that might impact OMNIQ Corp.’s projected achievements, refer to our latest submissions to the Securities and Exchange Commission at https://www.sec.gov. OMNIQ Corp. reserves the right to update these forward-looking statements as necessitated by law.
Contact Info:
IR@OMNIQ.com