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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): May 22, 2024
ODYSIGHT.AI
INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
333-188920 |
|
47-4257143 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification No.) |
Suite
7A, Industrial Park
P.O.
Box 3030, Omer, Israel
12
Abba Hillel Silve Rd, Sasson Hugi Tower
Ramat
Gan, Israel 5250606
|
|
8496500 |
(Address
of principal executive offices) |
|
(Zip
Code) |
+972
73 370-4690
(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
communication 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-commencements
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 Securities Exchange Act of 1934:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Not
Applicable |
|
Not
Applicable |
|
Not
Applicable |
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
8.01 Other Events.
On
May 22, 2024, Odysight.ai, Inc. (the “Company”) issued a press release announcing the receipt of a purchase order from France-based
Safran Aircraft Engines. The press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein
by reference.
The
information in this Current Report on Form 8-K with respect to Item 8.01 (including the press release attached hereto as Exhibit 99.1)
is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18
of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
This current report on Form 8-K (including Exhibit 99.1) will not be deemed an admission as to the materiality of any information contained
herein.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
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.
|
ODYSIGHT.AI
INC. |
|
|
|
Date:
May 22, 2024 |
By: |
/s/
Einav Brenner |
|
Name: |
Einav
Brenner |
|
Title: |
Chief
Financial Officer |
Exhibit
99.1
Odysight.ai
Receives Purchase Order from France-based Safran Aircraft Engines
OMER,
Israel, May 22, 2024 — Odysight.ai (OTCQB: ODYS), pioneering developer of AI systems for Predictive Maintenance (PdM) and Condition
Based Monitoring (CBM) solutions, is proud to announce an inaugural purchase order from France-based Safran Aircraft Engines. As part
of the order, Odysight.ai will supply its cutting-edge micro cameras to support Safran’s experimentation, planning and development
of jet engines for the aviation industry. Equipped with specially crafted sensors to endure challenging environmental conditions, these
micro cameras demonstrate Odysight.ai’s capabilities providing the aviation industry with innovative solutions.
Odysight.ai’s
CEO, Yehu Ofer, reflected on this milestone, stating, “This order signifies our entry into the realm of experimental design and
development of aviation engines. The collaboration with Safran Aircraft Engines advances Odysight.ai in the aviation engine industry
and cutting-edge development channels.”
About
Odysight.ai
Odysight.ai
pioneers Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with an innovative AI platform, revolutionizing critical
systems in aviation, transportation, and energy. Leveraging proven visual technologies and video analytics, our unique video-based sensors
and AI algorithms operate in challenging environments, offering vital insights for maintenance teams. The company’s mission is
to provide transformative insights, maximizing capabilities and revolutionizing technological potential through cutting-edge AI and video
sensors. Deployed globally, Odysight.ai’s transformative technology addresses evolving risks, enhances system life cycles, promoting
cost-effective readiness in aviation and aerospace. For more information, please visit: https://www.odysight.ai or follow us on
Twitter, LinkedIn and YouTube.
Forward-Looking
Statements
Information
set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that
do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements
about the importance and implications of the purchase order from Safran Aircraft Engines. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” “potential” or “continue” or the negative
of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our
management’s current expectation 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. Factors that may affect our results, performance,
circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products,
including those that utilize our micro Odysight.ai technology or offer Predictive Maintenance and Condition Based Monitoring applications,
(ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense
competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product
malfunctions and the functionality of Odysight.ai’s solutions under all environmental conditions, (vi) our limited manufacturing
capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities
to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual
property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial
portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors
which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional
capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain,
(xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business
in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications
challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdictionand (xv) political,
economic and military instability in Israel, including the impact on our operations of the October 7, 2023 attack by Hamas and other
terrorist organizations from the Gaza Strip and Israel’s war against them. These and other important factors discussed in Odysight.ai’s
Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 26, 2024, and our other reports
filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this
press release. Except as required under applicable securities legislation, Odysight.ai undertakes no obligation to publicly update or
revise forward-looking information.
Miri
Segal
MS-IR
LLC
917-607-8654
msegal@ms-ir.com
The
power of vision | |
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Odysight ai (QB) (USOTC:ODYS)
過去 株価チャート
から 8 2024 まで 9 2024
Odysight ai (QB) (USOTC:ODYS)
過去 株価チャート
から 9 2023 まで 9 2024