0001493152-23-020849.txt : 20230612 0001493152-23-020849.hdr.sgml : 20230612 20230612081019 ACCESSION NUMBER: 0001493152-23-020849 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20230612 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230612 DATE AS OF CHANGE: 20230612 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Odysight.ai Inc. CENTRAL INDEX KEY: 0001577445 STANDARD INDUSTRIAL CLASSIFICATION: OPTICAL INSTRUMENTS & LENSES [3827] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-188920 FILM NUMBER: 231007153 BUSINESS ADDRESS: STREET 1: 14201 N. HAYDEN ROAD, SUITE A-1 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 BUSINESS PHONE: 480-659-6404 MAIL ADDRESS: STREET 1: 14201 N. HAYDEN ROAD, SUITE A-1 CITY: SCOTTSDALE STATE: AZ ZIP: 85260 FORMER COMPANY: FORMER CONFORMED NAME: ScoutCam Inc. DATE OF NAME CHANGE: 20200102 FORMER COMPANY: FORMER CONFORMED NAME: Intellisense Solutions Inc. DATE OF NAME CHANGE: 20130521 8-K 1 form8-k.htm
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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): June 12, 2023

 

ODYSIGHT.AI INC.

(Exact name of registrant as specified in its charter)

 

Nevada   333-188920   847-4257143

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification No.)

 

Suite 7A and 3B, Industrial Park

P.O. Box 3030, Omer, Israel

   8496500
(Address of principal executive offices)   (Zip Code)

 

+972 73 370-4691

(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 June 12, 2023, the Company issued a press release announcing its upcoming participation in the 2023 International Paris Air Show, a copy of which 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

 

Exhibit No.   Description
     
99.1   Press Release, dated June 12, 2023
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

2
 

 

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: June 12, 2023 By: /s/ Tanya Yosef
  Name: Tanya Yosef
  Title: Chief Financial Officer

 

3

 EX-99.1 2 ex99-1.htm

 

Exhibit 99.1

 

 

Odysight.ai to Showcase

its Innovative Video Based Sensor for Transformative Insights

at the 2023 International Paris Air Show

 

Omer, June 12, 2023 – Odysight.ai (OTCQB: SCTC), a leading provider of visual sensing and video analytics technology, is excited to announce its participation in the highly anticipated 2023 International Paris Air Show. The Company will be showcasing its proprietary video-based sensor on a radio-controlled aircraft at the event, which will take place from June 19-25 in Hall 4 booth G15a t the Paris Le Bourget Exhibition Center.

 

At the Odysight.ai booth, attendees will have the opportunity to witness the installation of the Company’s visual sensing and video analytics-based predictive maintenance technology. This innovative solution is of paramount importance for operators of aviation system platforms and is already being utilized by a diverse range of aerospace and unmanned aerial vehicle (UAV) companies.

 

“Odysight.ai has consistently demonstrated exceptional performance in a variety of flights, including space missions. It is due to this track record of excellence that we have decided to fly to Paris and showcase our capabilities at the world’s greatest airshow,” said Yehu Ofer, CEO of Odysight.ai. “Odysight’s presence at the Paris Air Show truly places us on the world’s stage, providing an unparalleled opportunity to highlight our proven and unmatched capabilities to the global predictive maintenance commercial marketplace. We are honored to introduce the world to Odysight.ai!”

 

During the event, Odysight.ai will host an engaging panel discussion titled “How Does Visual Sensing & Video Analytics Contribute to Next-Generation PHM Solution in Aviation?” This panel, led by Prof. Jacob Bortman (Brigadier General, Ret., IAF), the Company’s Director of Business Development Industry 4.0, who currently is also head of the prognostics and health management (PHM) lab at Ben-Gurion University of the Negev and formerly was Head of Material Directorate at the Israeli Air Force (IAF), will take place on June 21, 2023, from 12:15-2pm GMT+2. The panel discussion will emphasize the vital role of PHM in efficiently detecting and reducing maintenance costs, as well as enhancing aircraft availability and safety. Odysight.ai, along with other experts from various aviation sectors, will explore the challenges faced by critical systems and propose proactive means to overcome them.

 

 
 

 

About Odysight.ai

 

Odysight.ai is pioneering the Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with its visualization and AI platform. Providing video sensor-based solutions for critical systems in the aviation, transportation, and energy industries, Odysight.ai leverages proven visual technologies and products from the medical industry. Odysight’s.ai unique video-based sensors, embedded software, and AI algorithms are being deployed in hard-to-reach locations and harsh environments across a variety of PdM and CBM use cases. Odysight’s.ai platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring.

 

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, the Company’s participation in the 2023 International Paris Air Show. 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 single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xi) 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, (xii) the impact of pandemics, such as COVID-19 (coronavirus) and (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 jurisdiction. 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 28, 2023 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.

 

2

 

 

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Cover
Jun. 12, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Jun. 12, 2023
Entity File Number 333-188920
Entity Registrant Name ODYSIGHT.AI INC.
Entity Central Index Key 0001577445
Entity Tax Identification Number 47-4257143
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One Suite 7A and 3B
Entity Address, Address Line Two Industrial Park
Entity Address, Address Line Three P.O. Box 3030
Entity Address, City or Town Omer
Entity Address, Country IL
Entity Address, Postal Zip Code 8496500
City Area Code +972
Local Phone Number 73 370-4691
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false

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