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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): August 29, 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
August 29, 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:
August 29, 2023
|
OMNIQ
Corp. |
|
|
|
|
By: |
/s/
Shai S. Lustgarten |
|
|
Shai
S. Lustgarten |
|
|
President
and CEO |
Exhibit
99.1
OMNIQ
PARTNERS WITH TRIPSHOT TO PROVIDE A UNIQUE FRICTIONLESS PARKING SOLUTION FOR A MAJOR US TECHNOLOGY COMPANY
SALT
LAKE CITY, August 29TH, 2023 — OMNIQ Corp.
(NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Artificial
Intelligence (AI)-based solutions, announced today that it has partnered with TripShot,
a leading transportation demand management (TDM) solution company to provide a unique frictionless parking solution for a major US technology
company.
The
innovative collaboration with TripShot’s TDM solution combined with omniQ’s Machine Vision technologies including the Vehicle
Recognition System (VRS) takes innovative access control solutions and elevates the experience of commuters and campus parking management
professionals.
The
partnership will provide a seamless delivery of real-time occupancy information to campus parking managers via QR-based or VRSL-based
access control systems. Through the TripShot app, commuters can easily procure a QR-code, scan it at the parking gate arm and begin or
conclude a parking reservation. This process optimizes parking space utilization and supports commuters with a new level of convenience
Shai
Lustgarten, CEO of omniQ stated “We are honored to partner with TripShot as we coordinate to offer the most unique solution on
the market today. TripShot brings a pristine reputation of success servicing Fortune 100 companies and a unique product offering. Our
combined experience places us in a position of strength to continue to deliver the most innovative products in the market. In
addition to providing this capability to one of the most recognizable technology companies in the world, our work involved the integration
into a global leading CRM software company. Our new customer will rely on omniQ’s software data, and the CRM platform, which will
allow the customer to track, monitor, and manage its operations. This innovative technology will be available to corporate campuses
and parking facilities globally, making it easier for drivers to seamlessly secure parking anywhere a parking structure is located. “
“We
are excited to partner with OmniQ to support a global tech company’s campuses,” said Patrick Le, Co-Founder and Chief Product
and Strategy Officer at TripShot. “Our mutual commitment to customer satisfaction and innovation results in solutions that make
using and managing campus parking even easier. This partnership will grow as we continue to expand solutions with other leading companies,
universities and more.”
This
integration is another step towards a more seamless campus transportation experience during a time of hybrid work and rapidly changing
commuting trends. TripShot and OmniQ will continue to grow their partnership to enhance campus TDM and access control technology.
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 $67.1 billion
by 2028, and the Ticketless Safe Parking market, forecast to grow to $33.5 billion by 2032 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.
Contact
Info:
IR@omniq.com
About
TripShot
TripShot
is a mobility technology platform that helps transit programs of all sizes—from private company shuttles and campus connectors
to universities and public transit agencies—run safely, efficiently and competitively. Founded in 2014, TripShot has grown by serving
Fortune 100 companies and building a range of intelligent features for some of the largest private transit networks in the world. TripShot
replaces old complex commuter and fleet management systems, by providing a cutting-edge all-in-one platform with the tools managers need
to run operations that build driver and rider confidence. Platform solutions include Fixed Route, On Demand Transportation, CAD/AVL,
GTFS-RT, Capacity Management, Reservations, Parking and Digital Wallet. Visit TripShot.com to learn more.
Media
Contact
Danny
Drees
216-372-6209
ddrees@tripshot.com
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