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): August 12, 2024
_______________________________
OMNIQ CORP.
(Exact name of registrant as specified in its charter)
_______________________________
| Delaware | 001-40768 | 20-3454263 |
|---|---|---|
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer 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 | Trading 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 mark 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 August 12, 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.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description |
|---|---|
| 99.1 | Press Release dated August 12, 2024 |
| 104 | Cover 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.
| OMNIQ CORP. | ||
|---|---|---|
| Date: August 12, 2024 | By: | /s/ Shai S. Lustgarten |
| Shai S. Lustgarten | ||
| President and CEO |
EdgarFiling
EXHIBIT 99.1
OMNIQ Expands AI Access Control System to an Additional Major MedicalCenter in Texas
- Following the recent deployment in Ohio
- Incorporates new features such as restricted access areas
- Creates subscription-based revenue for omniQ
SALT LAKE CITY, Aug. 12, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB: OMQS), a leading provider of Artificial Intelligence (AI)-based solutions, today announced the deployment of an advanced AI parking access control system at a second major medical center in partnership with WPS.
This innovative system is designed to enhance campus security and optimize parking management by allowing authorized vehicles access to specific areas while disallowing unauthorized vehicles.
The pricing model for this solution is based on a subscription fee, offering a cost-effective approach for clients while ensuring continuous innovation and support from OMNIQ.
The deployment utilizes OMNIQ’s proprietary AI-based License Plate Recognition (LPR) technology integrated with the customer’s proprietary permitting platform. This combination ensures real-time monitoring and precise control of parking areas, significantly improving security and operational efficiency.
OMNIQ provides access control for monthly parkers, LPR cameras, lane controllers, and handheld IoT devices for issuing citations. The company has also deployed mobile LPR vehicles to be used by parking enforcement officers, extending the reach and effectiveness of the system.
“We are excited to extend our new advanced access control features to another major medical center in Texas,” said Shai Lustgarten, CEO of OMNIQ. “This deployment highlights our dedication to using AI to address real-world issues and provide substantial value to our clients.”
The AI parking access control system is part of OMNIQ’s broader strategy to integrate AI-driven technologies across various sectors, including supply chain management, public safety, and smart city applications.
For more information, please visit www.omniq.com.
About OMNIQ Corp: OMNIQ Corp. (OTCQB: OMQS) provides computerized and machine vision image processingsolutions that use patented and proprietary AI technology to deliver real-time object identification, tracking, surveillance, and monitoringfor the Supply Chain Management, Public Safety, and Traffic Management applications. The technology and services provided by the Companyhelp clients move people, and objects and manage big data safely and securely through airports, warehouses, schools, and national bordersand in many other applications and environments.
OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, includingmanufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014,annual revenues have more than doubled, reaching $81 million in 2023, from clients in more than 40 countries.
The Company currently addresses several billion-dollar markets with double-digit growth, including the Global SmartCity & Public Safety markets.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates, and projections and are not guarantees of future performance. Actual results may differ materially due to various factors. OMNIQ undertakes no obligation to update these statements.
Contact: IR@omniq.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/472b3aac-9cce-41c5-af48-c0d799434920