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OMNIQ to Present at Lake Street Capital Markets’ Virtual Investor Conference on January 27, 2022

SALT LAKE CITY — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has been invited to present at Take Aim: Lake Street’s Shooting Sports & Public Safety Investor Conference, which is being held virtually on January 26-27, 2022.

Management is scheduled to host one-on-one calls and a group call with investors on January 27, 2022.

To request an invitation or to schedule a one-on-one meeting, please email conference@lakestreetcm.com

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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.

The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, 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.

Investor Contact:
James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646)-536-7331
brett@haydenir.com

About OMNIQ Corp.

omniQ Corp. (NASDAQ: OMQS) 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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.

omniQ recently announced the closing of its acquisition of 51% of the capital stock of Dangot. omniQ has an option to purchase the remaining 49% of the capital stock. Dangot is an Israeli based leader in providing innovative technologies including: frictionless automated order processing & digital payment processing products for the retail, fast food and parking markets; integrated work stations for physicians, drug delivery and blood tests; robotics for smart warehouses; point of sales, self-check in management, and other state of the art solutions.

The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, visit www.omniq.com .

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Uncategorized

What Expert Analysts Are Saying About omniQ

omniQ was recently featured in a research article by Ashok Kumar, PhD, CFA of Think Equity.

His findings show just how incredible omniQ is doing and how phenomenal our future looks.

Key Points

Supply Chain – Data Analytics and Intelligence Platforms. Many supply chain organizations are

looking to speed up end-to-end decision-making based on connected data sources, allowing

them to react to current and anticipated future disruptions quickly. Vying for a bigger share

of the supply chain data analytics and intelligence technology market, OMNIQ is repositioning

its solutions to span broader capabilities. This has resulted in offering an encompassing data

platform in support of augmented data intelligence in the supply chain.

Acquisition offers an opportunity to accelerate the adoption of OMNIQ’s AI solutions to automate the supply chain.

With the acquisition of Dangot, OMNIQ has created a $91

million 2020 pro forma revenue company. The acquisition provides key capabilities in AI,

object identification, and automation company, technology building blocks to drive growth and

stronger financial results.

Contract Win Highlights.

Machine Vision Security Solution at Port of Ashdod. During the third

quarter, OMNIQ received an order to deploy Q Shield, its AI-based machine vision security

solution, at Port of Ashdod (Israel).

Machine Vision Solution at Strategic Border Checkpoint. Also during the third quarter, OMNIQ

received an order to deploy its AI-based MV solution at the border checkpoint between Israel

and Jordan.

Campus Management. The company received a 10-year contract from La Sierra University to

deploy its PERCS software for campus management.

Airport AI Technology Deployments. OMNIQ announced its AI-based OMNIQ vision solution

would be deployed at Miami International Airport. OMNIQ vision is now deployed at 40-plus

airports including Atlanta, Dallas Fort Worth, Los Angeles International Airport, and John F.

Kennedy Airport in New York.

Continued Order Momentum. After the quarter ended, OMNIQ announced more than $13

million in purchase orders in October.

Self-Order Kiosks. OMNIQ announced in the third quarter that Aroma, the largest coffee chain

as Israel, had selected Dangot to provide its self-service kiosks. By the end of 2022, OMNIQ will

install 250 self-ordering kiosks at the Aroma Israeli branches.

Dangot’s innovative product offerings continue to be adopted in Israel and are also a fit for

OMNIQ’s target markets.OMNIQ offers a comprehensive solution under one roof, combining

AI solutions, supply chain automation solutions and the new Dangot product. This supports

the company’s road map to be a leading provider through object identification of unique

automation and efficiency solutions.

Summary

OMNIQ offers a comprehensive platform solution that combines all three of its offerings – AI

solutions, supply chain automation, and the new Dangot offerings. OMNIQ’s total offering is a

competitive differentiator and provides value-add for customers. The comprehensive approach

is an evolution of the company’s product roadmap to a platform provider of turnkey object

identification solutions that enables supply chain automation and related efficiencies.

OMNIQ has been selected by several cities for long-term installment of AI machine vision

systems for public safety and law enforcement. The acquisition of Dangot, creates many new

opportunities, in addition to improving the balance sheet, profitability, and cash flow.

Read the full report here

Read full PDF here

or

Contact the author Ashok Kumar, PhD, CFA at

ak@think-equity.com | 646-968-9363

Categories
Blog Parking

University Parking Shouldn’t Be a Nightmare

“I transferred to a smaller college after I failed my test & was forced to retake the entire class. Why did I fail? Even though I showed up an hour before my exam I couldn’t find a parking spot. I had to park several blocks away & although I sprinted the whole way there, I didn’t make it in time & my professor wouldn’t let me in to take the final! The parking at a less popular school is the reason I switched.” 

These are the words of an upset student. Parking management at colleges and universities is the number 1 student complaint. Indeed, Los Angeles Times reported in 2015 that parking on U.S. college campuses has been a problem since the 1950s. So, How can these complaints be resolved? Is there any modern solution that could turn all these bad reviews into good ones? omniQ believes their product could do just that. 

omniQ utilizes artificial intelligence & License plate recognition technology to revolutionize parking. Our all-in-one parking solution benefits both the student and the university. 

How our solution works:

  • Permitting goes virtual allowing students to purchase permits for specific lots on specific dates throughout the semester. This customization makes it easy for permitting to match their unique needs. There are no physical tags placed in the vehicle. They simply register their license plate online. 
  • Ticketless ingress & egress means students are able to get in and out faster than ever before. Our license plate recognition software is able to detect the vehicles virtual permit in less than 100 milliseconds. In some cases, entry and exit was reduced from 1 minute to 3 seconds per vehicle.
  • Students are able to check parking availability per lot before they arrive, streamlining the parking process and alleviating uncertainty prior to arrival. 
  • omniQ’s patented parking enforcement system PERCS centralizes all aspects of parking into one system making enforcement, citations, revenue, & collection simplified and easy to use. Most of our customers report this system paid for itself in as little as one year. 

In conclusion, our system creates happier students & more revenue for universities & colleges, an ultra-modern win-win solution.  

Give us a call today or request a demo from our parking expert Connor Sheil via email at csheil@omniq.com. 

Categories
Asset Management Blog

OMNIQ Receives Approximately $1 Million Order for Smart Kiosks in the USOMNIQ to supply 500 Dangot kiosks integrated with AI-based machine vision technology and other advanced equipment


SALT LAKE CITY, Dec. 03, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced that it received a purchase order for the advanced Kiosks developed by its Israeli subsidiary Dangot Computers Ltd. The project was ordered by a leading US automated solutions provider. OMNIQ will supply 500 Dangot smart kiosks integrated with AI-based machine vision technology and other advanced equipment. 
OMNIQ’s customer operates across over 250 cities and thousands of locations in the US, generating more than $1 billion in revenue.
The new project will roll out across locations in the US, with the first 100 kiosks shipped by the end of December and the additional units distributed over the next 18 months.
Shai Lustgarten, CEO of OMNIQ commented, “We are proud to penetrate the US market so quickly with Dangot’s Kiosks, further enhanced with OMNIQ technology. The combined offering is a unique technological solution, responding to the needs of the market.  The introduction of our Smart Kiosks quickly created results in the form of orders, which is the ultimate indicator of the need for our products.” 
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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, 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.
 ### Thank you for your interest. If you have any questions, please contact James Carbonara or Brett Maas. Sincerely, James Carbonara, Regional Vice Presidenttel: 646-755-7412cell: 917-340-1339email: james@haydenir.com
Brett Maas, Managing Partnertel: 646-536-7331cell: 480-861-2425email:brett@haydenir.com
Hayden IR10 Times Square at 1441 BroadwaySuite 5032New York, NY 10018www.haydenir.com Please review our disclaimer at: http://www.haydenir.com/index.php?/static/disclaimer
Quick Links:OMQS WebsiteOMQS News and Investor Information

Categories
Blog Industry Solutions

OMNIQ Closes its Previously Announced Notice to Acquire an Additional 26% of Dangot Computers Increasing its  Ownership of Dangot Computers to 77%

SALT LAKE CITY, Nov. 30, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has closed on its previously announced notice to acquire an additional 26% of Dangot Computers Ltd. (“Dangot”) increasing OMNIQ’s ownership to 77% , effective from October 1st, 2021. The Company has paid $4,035,000 from its working capital and a straight loan from an Israeli commercial bank. 
Dangot is a profitable prominent player in the field of automation and frictionless equipment. Its systems have gained an excellent reputation and significant market share in the demanding Israeli market, offering worldwide innovations to multiple verticals like healthcare, retail, restaurants and warehouse automation.
Based on the five months of working together, management of OMNIQ strongly believes that Dangot’s innovative product offerings fit OMNIQ’s target markets, and as such will be leveraged by its strong sales team in the US market. At the same time, OMNIQ believes it can accelerate merging its AI products into the supply chain customers served by both companies.
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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, 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. ### Thank you for your interest. If you have any questions, please contact James Carbonara or Brett Maas. Sincerely, James Carbonara, Regional Vice Presidenttel: 646-755-7412cell: 917-340-1339email: james@haydenir.com
Brett Maas, Managing Partnertel: 646-536-7331cell: 480-861-2425email:brett@haydenir.com
Hayden IR10 Times Square at 1441 BroadwaySuite 5032New York, NY 10018www.haydenir.com Please review our disclaimer at: http://www.haydenir.com/index.php?/static/disclaimer

Categories
Blog Industry Solutions Mobility Parking RFID Hardware RFID Software Uncategorized Wireless

License Plate Recognition Access Control – How it Works

How do license plate recognition access control systems work? What features make them superior to other, less secure options? How can you choose the best access control system for your business or residential community? These are just some of the questions you should ask when choosing an access control system, and answers to these questions can be found in this comprehensive guide on license plate recognition access control systems.

omniQ vision solutions have been deployed globally using industry leading technology.


License plate recognition access control systems are essential for gated communities, office buildings, or enterprise facilities to meet safety and security goals. Traditional access control systems rely on key fobs or key cards, which can be misplaced or stolen. In contrast, license plate recognition is designed with robust safety features and superior technology to make gated community access control more effective and efficient. These applications use license plate recognition cameras and specialized software to read and interpret vehicle license plates as they pass through a gate arm entrance system.


While many of our competitors tout robust safety features and cutting-edge technology, omniQ takes pride in bringing new technologies to the market with significant benefits over existing solutions. Our unique system utilizes license plate recognition (LPR) technology to provide access control for gated communities, office buildings, or enterprise facilities. We’ve engineered our readers with superior quality, we can read the make, model, color, & license plate of any vehicle in 100 milliseconds or less allowing residents or employees seamless ingress & egress.


Security at Your Fingertips, Gated communities are becoming more common in North America, particularly in metropolitan areas like Miami, New York City, and Toronto. These closed communities offer security guards who monitor all entrances to ensure that unauthorized cars don’t enter; these guards rely on technology to make their jobs easier. Rather than manually checking car plates or drivers’ licenses, gated community security teams often opt for license plate recognition access control (LPR/AC) systems. When the guards are off the clock, our systems man the gates, anyone unauthorized will not be allowed access to the community.

Personalized control hub. Allows both admins & users to manage virtual permits.


A huge advantage of License Plate Recognition (LPR) access control for office buildings is that, unlike card readers, there are no electronics to jam or misread, No expensive tags to distribute to employees, & no worries disgruntled employees will still have access to the building making LPR a vital role in securing assets. You can even program the system to alert security if a particular vehicle arrives allowing you ample time to notify law enforcement.


As automated license plate recognition technology continues to gain traction, more enterprise companies are looking for access control solutions that take advantage of its enhanced safety features and superior A.I. technology. Knowing who is entering and exiting and knowing the exact details of the vehicle that entered and exited adds a layer of accountability & security like never before. Our systems also include comprehensive graphs and analytics allowing you to find creative ways to maximize your company’s resources. Our equipment is also rugged enough to effectively function in harsh weather conditions as well as high or low lighting.

License plate recognition access control is a great way to bring superior technology and robust safety features to your gated community, office building, or enterprise facility. By installing LPR-powered access control you can improve security while enhancing convenience for residents, employees, and visitors alike. If you want to learn more about omniQ’s access control systems give us a call today or request a demo at safety@omniQ.com!

Categories
Blog Healthcare Industry Solutions

OMNIQ Corp Gives Notice to Acquire an additional 26% of Dangot Computers increasing its ownership of Dangot Computers to 77%

ALT LAKE CITY, Nov. 19, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ :OMQS) (OMNIQ” or the “Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced the acquisition of an additional 26% of Dangot Computers Ltd. (“Dangot”) increasing OMNIQ’s ownership to 77%. Dangot is a leader in providing state of the art technology enabling frictionless automated order processing & digital payment processing products for retail, fast food and parking, integrated working stations for physicians, drug delivery and blood tests, robotics for smart warehouses, point of sales and other innovative solutions.

·       OMNIQ, notified the seller of the Partial Exercise of its Option according to the Stock Purchase Agreement, dated May 3, 2021.

·       OMNIQ will pay for the additional 26% based on the Israeli Shekel currency valuation (which has since increased due to exchange rate differences) and is valued at approximately $4,136,000.

·       The Company will not issue any equity in connection with the transaction.

·       Closing of the exercise is expected on November 24, 2021.

·       Consolidated OMNIQ and Dangot pro forma revenue for fiscal year 2020 amounts to approximately $91M.

·       OMNIQ acquired 51% of Dangot ownership effective July 1st, 2021, with a 12 month option to acquire the remaining 49%, of which, the acquisition of 26% was provided as an official notice for immediate execution earlier this week, by omniQ.

·       On November 2021, Dangot Computers Ltd was awarded with an approximate $2 Million order for Intelligent Healthcare Carts (IHC) from Israel’s Largest Health Maintenance Organization (HMO)

·       On August 3, 2021, OMNIQ announced that Dangot will provide its self-service kiosks to Aroma Espresso Bar (Aroma), the largest coffee chain in Israel with branches in the US, Canada and other countries. According to a Forbes article titled “Self-Order Kiosks Are Finally Having A Moment In The Fast Food Space”, written by Alicia Kelso (1) , it is predicted that the self-service kiosk market will reach $30.8 billion by 2024.

·       Dangot Computers Ltd (Dangot) is an Israeli based leader in providing innovative technologies including: frictionless automated order processing & digital payment processing products for the retail, fast food and parking markets; integrated work stations for physicians, drug delivery and blood tests; robotics for smart warehouses; point of sales, self-check in management, and other state of the art solutions.

·       Dangot has a strong and diversified customer base including hospitals, logistic centers, supermarkets, manufacturing plants, retail chains, restaurants, municipalities, and government agencies.

·       Dangot’s influence with early adopter customers including multiple AI pilots offers a very attractive opportunity to accelerate adoption of OMNIQ’s proprietary AI solutions to automate the supply chain and operations.

·       OMNIQ’s Fortune 500 customers provide a significant potential new market for Dangot’s innovative solutions, focused, among others, on the Food & Drug, Medical, Retail and the Transportation & Logistics, markets.

Based on Pro Forma 2020 results, the acquisition creates a combined $91 Million revenue provider of automation and object identification solutions.

OMNIQ is paying the sole shareholder of Dangot a total of approximately $4,136,000 million. OMNIQ will have an option to acquire the remaining 23% at the same Israeli Shekel valuation.

Dangot is a prominent player in the field of automation and frictionless equipment. Its systems have gained an excellent reputation and significant market share in the demanding Israeli market, offering worldwide innovations to multiple verticals like healthcare, retail, restaurants and warehouse automation.

Based on the Four and a half months of working together management of OMNIQ strongly believes that Dangot’s innovative product offerings fit OMNIQ’s target markets, and as such will be leveraged by its strong sales team in the US market. At the same time, OMNIQ believes it can accelerate merging its AI products into the supply chain customers served by both companies.

Shai Lustgarten, CEO of OMNIQ commented: “As we indicated in our previous announcements, we are very happy with the Dangot acquisition, it’s contribution to our financial results has already been illustrated in our Q3 results. Moreover Dangot has gained a solid presence in the Israeli market providing automation solutions for major markets like healthcare and retail. These are markets that OMNIQ already sells to and has some of the largest and most prestigious customers in the US. We have already started to introduce Dangot’s solutions to some of our customers in the US and have received very enthusiastic feed backs, which encourages us to expect some quick initial results. Furthermore, we have a great team to work with at Dangot enabling quick and frictionless integration for the total OMNIQ success”.

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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.

The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, 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.

Investor Contact:
James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

About OMNIQ Corp.

omniQ Corp. (OTCQB: OMQS) 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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.

omniQ recently announced the closing of its acquisition of 51% of the capital stock of Dangot. omniQ has an option to purchase the remaining 49% of the capital stock. Dangot is an Israeli based leader in providing innovative technologies including: frictionless automated order processing & digital payment processing products for the retail, fast food and parking markets; integrated work stations for physicians, drug delivery and blood tests; robotics for smart warehouses; point of sales, self-check in management, and other state of the art solutions.

The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, visit www.omniq.com.

Categories
Blog

OMNIQ Announces 30% increase YOY in Q3 Revenue to $20.5 Million, Nine-Month Revenue increased 26% to a Record $53.4 Million, Q3 YoY Gross Profit increased 66% to $4.7M

SALT LAKE CITY, Nov. 15, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced its financial results for the three month period ended September 30, 2021.
OMNIQ Q3 2021 and recent highlights include:

  • 30% YoY increase in Q3 sales to $20.5 million
  • 26% YoY increase in 9-months sales to $53.4 million
  • 56% sequential increase in Q3 sales over Q2 2021
  • 68% YoY increase in gross profit
  • Gross margins of 23% in Q3 increased by 5% over Q3 2020 Gross Margins of 18%
  • Cash grew by 118% since December 31, 2020 to approximately $10 million
  • Began trading on Nasdaq
  • Closed a Private Placement of Unregistered Common Stock
  • Closed acquisition of 51% of Dangot Computers
  • Dangot Computers Ltd awarded with an approximate $2 million order for Intelligent Healthcare Carts (IHC) from Israel’s Largest Health Maintenance Organization (HMO)
  • Announced Advanced A.I. Based License Plate Recognition Systems ordered to be deployed at the Miami International Airport (MIA)
  • Received a 10-Year Contract from La Sierra University for its AI Based Machine Vision and Software for Campus Parking Management, PERCS™
  • Announced AI Machine Vision Systems to be Deployed at the Largest Seaport in Israel with Annual Cargo Tonnage of more than 20 million Tons
  • Dangot to provide its self-service kiosks to Aroma Espresso Bar (Aroma), the largest coffee chain in Israel with branches in the US, Canada and other countries. According to a Forbes article titled “Self-Order Kiosks Are Finally Having A Moment In The Fast Food Space”, written by Alicia Kelso (1) , it is predicted that the self-service kiosk market will reach $30.8 billion by 2024.
  • Announced $13.6 million in purchase orders in the month of October

Shai Lustgarten, CEO of omniQ, “OMNIQ now is a stronger company as a result of the positive developments in all our activities during the third quarter. The NASDAQ listing positions us at the forefront of technological companies enabling wider audience and potentially better liquidity; we were honored by NASDAQ to ring the Closing Bell on October 8, 2021. The acquisition of Dangot Computers opened lucrative potential opportunities that are currently being examined by our joint teams. We strengthened our balance sheet while achieving 30% YoY growth in revenue to $20.5 million. While we are not immune to supply chain disruptions, demand remains high as evidenced by more than $13 million in orders announced in October alone. Having a strong and loyal customer base, combined with our state-of-the-art solutions, allows us to confidently state that we expect our growth to continue.”
Third Quarter 2021 Financial Results
OMNIQ reported revenue of $20.5 million for the quarter ended September 30, 2021, an increase of 29.6% from $15.8 million in the third quarter of 2020. Our Gross Margin grew from 18% to 23% which coupled with the Dangot acquisition resulted in a 66% growth in Gross Profit to $4.7M. Total operating expenses for the quarter were $8.8 million, compared with $5.8 million in the third quarter of 2020, however, there were significant non-recurring expenses related to the acquisition in Q3 this year.
Net loss for the quarter was $5 million, or a loss of $.73 per basic share, compared with a loss of $3.8 million, or a loss of $ .83 per basic share, for the third quarter of last year.
Adjusted EBITDA (adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) for the third quarter of 2021 amounted to a loss of $2 million compared with an adjusted EBITDA loss of $905 thousand in the third quarter of 2020.
Cash balance at September 30, 2021 was approximately $10 million compared with $4.6 million at December 31, 2020.
Nine Months 2021 Financial Results
OMNIQ reported revenue of $53.4 million for the nine months that ended September 30, 2021, an increase of 26% from $42.3 million in the same period of 2020. Our Gross Profit grew to $10.6M in the nine months that ended September 30, 2021 compared to $8.4M in the same period in 2020. Total operating expenses for the nine months that ended September 30, 2021 were $10.8M, compared with $8.6M in the same period in 2020, however, there were significant non-recurring expenses related to the acquisition in Q3 this year.
Net loss for the nine months that ended September 30, 2021 was $10.9 million, or a loss of $1.86 per basic share, compared with a loss of $8.6 million, or a loss of $2.03 per basic share, for the same period of last year.
Adjusted EBITDA (adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) for the nine months that ended September 30, 2021 amounted to a loss of $3.5 million compared with an adjusted EBITDA loss of $2.2M in the same period of 2020.
Earnings Call Details
To participate in this event, dial approximately 5 to 10 minutes before the beginning of the call.
Event Date: Tuesday, November 16, 2021 – 11:00 AM Eastern Time
Participant Numbers:
Toll Free: 877-545-0523International: 973-528-0016Participant Access Code: 232088Event Link: Webcast URL: https://www.webcaster4.com/Webcast/Page/2310/43590
Replay Number: 
Toll Free: 877-481-4010International: 919-882-2331Replay Passcode: 43590Replay Link: Webcast URL: https://www.webcaster4.com/Webcast/Page/2310/43590
About omniQ Corp.
omniQ Corp. (OTCQB: OMQS) 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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
omniQ recently announced the closing of its acquisition of 51% of the capital stock of Dangot. omniQ has an option to purchase the remaining 49% of the capital stock. Dangot is an Israeli based leader in providing innovative technologies including: frictionless automated order processing & digital payment processing products for the retail, fast food and parking markets; integrated work stations for physicians, drug delivery and blood tests; robotics for smart warehouses; point of sales, self-check in management, and other state of the art solutions.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, 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. 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.
 ### Thank you for your interest. If you have any questions, please contact James Carbonara or Brett Maas. Sincerely, James Carbonara, Regional Vice Presidenttel: 646-755-7412cell: 917-340-1339email: james@haydenir.com
Brett Maas, Managing Partnertel: 646-536-7331cell: 480-861-2425email:brett@haydenir.com
Hayden IR10 Times Square at 1441 BroadwaySuite 5032New York, NY 10018www.haydenir.com Please review our disclaimer at: http://www.haydenir.com/index.php?/static/disclaimer
Quick Links:OMQS WebsiteOMQS News and Investor Information

Categories
Blog Mobility Supplies

OMNIQ Receives additional $3.0 Million Purchase Agreement from Midwest-Based Third-Party Logistics Client

  • This order follows the $4 Million purchase agreement announced on October 27, 2021 from the same customer and the $2 Million order announced just two days ago for Intelligent Healthcare Carts from the Israeli largest HMO 
  • Customer with annual revenue of over $400 million and more than 3,000 employees 
  • OMNIQ to provide Android-based rugged data collection, computing and communication equipment to distribution centers across the United States
  • Contract includes Technical Support Services and device management software.

SALT LAKE CITY — OMNIQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has received an approximately $4.0 million purchase agreement from a top, Midwest based (3PL) third party logistics client.  omniQ will supply Android-based rugged data collection, computing and communication equipment to the 3PL customer’s distribution centers across the United States. The 3PL customer has annual revenue of over $400 million and more than 3,000 employees. The multi-year deployment including the previous agreement announced on October 27, 2021 is valued at approximately $7.0 million. 

This order follows the following orders announced during the 4th quarter:

  • $2 Million order from  Israel’s largest HMO for Intelligent Healthcare Carts announced on November 9, 2021.
  • $4 Million order from the same customer announced on October 27, 2021.
  • $7.8 Million Purchase Order from a leading U.S. Food Distributor announced on October 22, 2021.
  • $1.8 Million Purchase Order for IoT “Contactless” Data Collection Solution from a Fortune 500 Leading IT Supply Chain Provider.
  • OMNIQ’s QShield AI-Based Vehicle Recognition Technology Selected in Adrian, Georgia to Crack Down on Crime and Enforce Traffic Violations.

The rugged all-touch computer for workers inside or outside the four walls has complete cellular network flexibility, faster WiFi connections, superior barcode capture, a high quality color rear camera for photos and videos, a front-facing 5MP color camera for video calls and soft keys for one-touch access to the most frequently used features. The state of the art device improves logistics efficiencies by enabling quick and accurate control of shipping/receiving and inventory management, all based on the advanced Android Operating System.

Shai Lustgarten, President & CEO at Quest, commented, “The momentum continuous, concurrent with many opportunities generated by our Dangot Computers new subsidiary, this $3.0 million additional order is yet another example of repeat business, demonstrating the value of omniQ’s existing customer base and the success of our business strategy. Moreover, our Company has built a solid reputation as experts in sophisticated solutions providing our customers  cutting edge technology and software.”

About omniQ Corp.
omniQ Corp. (NASDAQ: OMQS) 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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.

omniQ recently announced the closing of its acquisition of 51% of the capital stock of Dangot Computers Ltd (Dangot). omniQ has an option to purchase the remaining 49% of the capital stock. Dangot is an Israeli based leader in providing innovative technologies including: frictionless automated order processing & digital payment processing products for the retail, fast food and parking markets; integrated work stations for physicians, drug delivery and blood tests; robotics for smart warehouses; point of sales, self-check-in management, and other state of the art solutions.

The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, 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. 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.

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

Categories
Blog

Omniq’s subsidiary Dangot Computers Ltd awarded with an approximate $2 Million order for Intelligent Healthcare Carts (IHC) from Israel’s Largest Health Maintenance Organization (HMO)

  • IHCs enable most efficient and accurate service preventing fatal mistakes by patient bed. 
  • Solution includes Bar Code patient identification, Powerful Computer, Communication, Printer and Diagnostic Equipment. 
  • Customer serves over 4.7 Million patients through its 14 hospitals and over 2,000 Clinics. 
  • Contract includes three year service agreement. 
  • Company expects continuous business with this $10B customer. 

SALT LAKE CITY, Nov. 10, 2021 (GLOBE NEWSWIRE) — omniQ Corp. (NASDAQ: OMQS) (“omniQ ” or “the Company”), an object identification company providing Artificial Intelligence (AI)-based technology solutions to the Supply Chain Automation, Traffic Management, Public Safety and Safe City markets, and majority owner of Dangot Computers Ltd (Dangot), announced today that Israel’s largest HMO, serving over 4.7 million citizens has chosen Dangot to provide its Intelligent Healthcare Carts to be used in customer’s 14 Hospitals, and over 2,000 clinics.
The Customer serves over 50% of the Israeli population with clinics and hospitals all over the country is known for its quality, innovation and achieving JCI Accreditation. JCI is a non-for-profit organization that certifies hospitals worldwide based on their high-quality standards and safety, and requires rigorous audits and quality compliance.
Dangot was the pioneer in providing computerized services with smart integrated solutions and is the leading supplier of Intelligent Carts to most of the hospitals in Israel.
The cart integrates printer, Bar Code reader for automatic identification of the patient, , Diagnostic Equipment, drugs and test results all connected to a powerful computer that contains patients’ files, for life saving and better decision making by the patient.
Dangot’s Healthcare Equipment is becoming a leading line in 2021, and includes the IHC, Diagnostic Panels, Que Management Kiosks and Covid19 related equipment. As the Healthcare budget is growing, the Company expects continuous success.
Shai Lustgarten, CEO of OMNIQ commented, “We’re thrilled to be working with the Largest Israeli HMO, a national institution providing state of the art health services to over 4.7 patients all over Israel. We are suppliers to the largest US Pharmaceuticals and Healthcare equipment distributors and believe that Dangot’s innovative product offerings also fit for OMNIQ’s target markets. We look forward to leveraging Dangot’s success globally, and leveraging our strong sales team to penetrate the multi billion dollar US market”.
Haim Dangot, President of Dangot Computers Ltd, commented: ”Dangot’s Healthcare business has seen accelerated growth over the past 2 years. Automation and computerized systems are essential for efficient service enabling all needed information by patients’ beds and avoiding fatal errors.”
About omniQ Corp. 
omniQ Corp. (OTCQB: OMQS) 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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
omniQ recently announced the closing of its acquisition of 51% of the capital stock of Dangot. omniQ has an option to purchase the remaining 49% of the capital stock. Dangot is an Israeli based leader in providing innovative technologies including: frictionless automated order processing & digital payment processing products for the retail, fast food and parking markets; integrated work stations for physicians, drug delivery and blood tests; robotics for smart warehouses; point of sales, self-check in management, and other state of the art solutions.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, 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. 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.
 ### Thank you for your interest. If you have any questions, please contact James Carbonara or Brett Maas. Sincerely, James Carbonara, Regional Vice Presidenttel: 646-755-7412cell: 917-340-1339email: james@haydenir.com
Brett Maas, Managing Partnertel: 646-536-7331cell: 480-861-2425email:brett@haydenir.com
Hayden IR10 Times Square at 1441 BroadwaySuite 5032New York, NY 10018www.haydenir.com