OMQS OMNIQ Corporation

 

 

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 charter)

 

Delaware		001-40768		20-3454263
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS 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		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 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.

 

Date: August 12, 2024

 

OMNIQ Corp.
By:	/s/ Shai S. Lustgarten
	Shai S. Lustgarten
	President and CEO

 

 

 

Exhibit 99.1

 

omniQ Expands AI Access Control System to an Additional Major Medical Center 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, August 12, 2024 — 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. 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.

 

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

 

 

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Cover	Aug. 12, 2024
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Aug. 12, 2024
Entity File Number	001-40768
Entity Registrant Name	OMNIQ CORP.
Entity Central Index Key	0000278165
Entity Tax Identification Number	20-3454263
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	1865 West 2100 South
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84119
City Area Code	(714)
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Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	OMQS
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false

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