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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): March 6, 2024
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
On
March 6, 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
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 6, 2024
OMNIQ Corp. |
|
|
|
|
By: |
/s/ Shai S. Lustgarten |
|
|
Shai S. Lustgarten |
|
|
President and CEO |
|
Exhibit
99.1
OMNIQ
TO SUPPLY PROPRIETARY FINTECH SOLUTION TO ONE OF ISRAEL’S LARGEST FAST FOOD (QSR) RESTAURANT CHAINS.
| ● | The
purchase order OMNIQ received includes Self Ordering Kiosks, Self-Check-Out Kiosks, and a
new feature supporting cash transactions. |
| ● | Customer
operates over 64 restaurants |
| ● | OMNIQ
already deployed 150 Self Ordering Kiosks at the customer’s locations. |
| ● | The
kiosks help Increase customer’s revenue by delivering automation & unparallel efficiencies. |
SALT
LAKE CITY, March 6, 2024, (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a
provider of Artificial Intelligence (AI)-based solutions and supply chain management, today announced Purchase Order has been awarded
to OMNIQ by Burger Ranch, the largest Hamburger Chain in Israel. This partnership marks a strategic move to enhance customer service
and operational efficiency within the fast-food sector through the adoption of OMNIQ’s proprietary Fintech solutions.
The
purchase order encompasses the supply and installation of OMNIQ’s innovative Self Ordering Kiosks and Self-Check-Out Kiosks, along
with a newly introduced feature that supports cash transactions. This technology is set to streamline the ordering and payment processes,
facilitating a smoother and more efficient customer experience across Burger Ranch’s network of over 64 restaurants.
Previously,
OMNIQ successfully deployed 150 Self Ordering Kiosks across various Burger Ranch locations, demonstrating the potential to significantly
enhance operational efficiencies and customer satisfaction. The integration of OMNIQ’s Fintech solutions is expected to further
improve service delivery by reducing wait times, lowering labor and error-related costs, and increasing consumer spending through an
optimized ordering process.
Shai
Lustgarten, CEO commented “ We are proud to be awarded to support such a reputable restaurant chain, with our fintech smart kiosks.
This award is significant as our customer achieved a milestone recently as it took over US based Burger King restaurants Israeli locations.
This award is a significant vote of confidence by the customer in omniQ’s fintech products.
We
see the combination of Fintech and automation as one of our more important growth engines, as automation and cost savings is playing
an important role in today’s competitive environment.”
About
OMNIQ Corp:
OMNIQ
Corp. specializes in delivering advanced computerized and machine vision image processing solutions, utilizing patented and proprietary
AI technology. Their offerings encompass data collection, real-time surveillance, and monitoring systems for a variety of sectors including
supply chain management, homeland security, public safety, and traffic & parking management. These innovative solutions are designed
to facilitate the secure and efficient movement of people, assets, and data across critical infrastructures like airports, warehouses,
and national borders.
The
Company’s clientele includes government agencies and notable Fortune 500 companies spanning multiple industries, including manufacturing,
retail, distribution, healthcare, transportation and logistics, food and beverage, and the oil, gas, and chemicals sectors. By integrating
OMNIQ’s solutions, these organizations are equipped to navigate the complexities of their respective fields with improved operational
capabilities.
OMNIQ’s
market presence extends into significant growth areas, including the Global Safe City market, which is forecasted to reach $67.1 billion
by 2028, the smart parking market expected to grow to $16.4 billion by 2030, and the fast-casual restaurant sector projected to reach
$209 billion by 2027. These engagements reflect the Company’s strategic positioning in markets with increasing demand for advanced
AI technology solutions.
For
more information, visit www.omniq.com.
About
Burger Ranch
Burger
Ranch is the largest hamburger chain in Israel, known for its quality food and service. With over 64 locations across the country, Burger
Ranch is committed to delivering a superior dining experience to its customers through continuous innovation and service excellence.
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
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