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Aroma Espresso Bar, the Largest Coffee Chain in Israel with branches in the US and Canada, has Chosen Dangot (omniQ’s subsidiary) to Provide its Self-Service Kiosks – a Market Expected to Reach $30.8 Billion by 2024

SALT LAKE CITY, Aug. 03, 2021 (GLOBE NEWSWIRE) — omniQCorp.(OTCQB: 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, announced today that Aroma Espresso Bar (Aroma), the largest coffee chain in Israel with branches in the US, Canada and other countries, has chosen Dangot to provide its self-service kiosks. 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.

Aroma is an Israeli espresso and coffee chain with 200 branches around the country, in the United States, Canada, and in Europe.

By the end of 2021, approx. 120 Dangot’s Self Ordering kiosks will be installed in Aroma Israeli branches, with the expectation to install 250 of the Kiosks in total, by the end of 2022.

Dangot’s self-order kiosks are integrated with advanced computing as well as EMV smart payment systems. EMV— developed and managed by American Express, Discover, JCB, Mastercard, UnionPay, and Visa — is a global standard for credit cards that uses computer chips to authenticate (and secure) chip-card transactions. The DORIX software house incorporates smart software at the kiosks that enhances the customer experience and enables fast ordering.

Shai Lustgarten, CEO of OMNIQ commented, “We’re thrilled to be working with Aroma. Dangot’s innovative product offerings continued to be adopted in its home market of Israel, and are also a fit for OMNIQ’s target markets. We look forward to leveraging Dangot’s success globally, and leveraging our strong sales team to penetrate the US market, and capture more and more of the anticipated $30 billion smart kiosk market.”

Haim Dangot, President of Dangot Computers Ltd, commented: ”Dangot’s self-order kiosk business has seen considerable growth over the past 2 years. As a result of Covid-19 restrictions, forcing more and more food chains and hospitality venues to adopt self-order solutions to accommodate their customers and shift more orders to be automated, also resulting in better up sales through automated orders and the ability to reduce cashiers and waiting staff. “

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.

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

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

Categories
Blog

Aroma Espresso Bar, the Largest Coffee Chain in Israel with branches in the US and Canada, has Chosen Dangot (omniQ’s subsidiary) to Provide its Self-Service Kiosks – a Market Expected to Reach $30.8 Billion by 2024

SALT LAKE CITY, Aug. 03, 2021 (GLOBE NEWSWIRE) — omniQCorp.(OTCQB: 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, announced today that Aroma Espresso Bar (Aroma), the largest coffee chain in Israel with branches in the US, Canada and other countries, has chosen Dangot to provide its self-service kiosks. 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.

Aroma is an Israeli espresso and coffee chain with 200 branches around the country, in the United States, Canada, and in Europe.

By the end of 2021, approx. 120 Dangot’s Self Ordering kiosks will be installed in Aroma Israeli branches, with the expectation to install 250 of the Kiosks in total, by the end of 2022.

Dangot’s self-order kiosks are integrated with advanced computing as well as EMV smart payment systems. EMV— developed and managed by American Express, Discover, JCB, Mastercard, UnionPay, and Visa — is a global standard for credit cards that uses computer chips to authenticate (and secure) chip-card transactions. The DORIX software house incorporates smart software at the kiosks that enhances the customer experience and enables fast ordering.

Shai Lustgarten, CEO of OMNIQ commented, “We’re thrilled to be working with Aroma. Dangot’s innovative product offerings continued to be adopted in its home market of Israel, and are also a fit for OMNIQ’s target markets. We look forward to leveraging Dangot’s success globally, and leveraging our strong sales team to penetrate the US market, and capture more and more of the anticipated $30 billion smart kiosk market.”

Haim Dangot, President of Dangot Computers Ltd, commented: ”Dangot’s self-order kiosk business has seen considerable growth over the past 2 years. As a result of Covid-19 restrictions, forcing more and more food chains and hospitality venues to adopt self-order solutions to accommodate their customers and shift more orders to be automated, also resulting in better up sales through automated orders and the ability to reduce cashiers and waiting staff. “

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.

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

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

Categories
Blog

omniQ Receives Contract to Deploy AI Based Technology at Philadelphia International Airport

  • omniQ’s AI Based EZ Edge™ VRS (Vehicle Recognition System) automates and monitors entry and exits of vehicles to regulate and facilitate ride share traffic and ease congestion.
  • EZ Edge™ will be deployed at Philadelphia International Airport for machine vision monitoring of Lanes for Transportation Network Companies (TNC) including Uber, Lyft and, Taxis, to help manage entrance to the TNC lot.
  • EZ Edge™ operates on edge-based processing using our proprietary deep learning convolutional neural network engine and is enhanced with omniQ’s virtual loop technology for easy installation.
  • omniQ’s AI based solutions are already deployed in over three dozen Airports in the United States including New York JFK, New York LaGuardia, Newark, Miami, Los Angeles, Dallas-Fort Worth and others.
  • Contract follows recently announced new purchase agreements to deploy omniQ’s AI Based solutions at Georgia State University and in a Multi-Billion Dollar Medical Center.

SALT LAKE CITY, June 08, 2021 (GLOBE NEWSWIRE) — omniQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT-based solutions, announced today that it has received a contract at Philadelphia International Airport, to deploy its AI Based, EZ Edge™ VRS Deployment Kit which automates and monitors entry and exits of vehicles at the TNC Lane. EZ Edge™ operates on edge-based processing using our deep learning convolutional neural network engine along with our latest virtual loop technology.

EZ Edge™ will be deployed at Philadelphia International Airport’s TNC Lane for transportation network companies including Uber, Lyft and taxis, to help manage entrance to the TNC lot.

Through a unique third party integration with omniQ, EZ Edge™ enables tracking of TNC vehicles on airport property as geofencing technology identifies the TNC vehicle and sends data, including the license plate number, on the approaching vehicle to omniQ. Third party partners incorporate reporting and payment portals to correctly charge the TNC vehicles.

Upon EZ Edge™ detection & identification of the vehicle as it approaches the TNC holding lot, EZ Edge™ vends the gate and allows the driver to enter. omniQ Virtual Loop Technology is configured so that there are no physical ground loops needed to be cut into the pavement simplifying the installation and costs. The solution is AI Machine Vision based, and virtually detects objects and identifies the vehicles. The solution further assists in curb management, congestion, wait times, access control and correct billing for using the airport for pick-up and drop-off.

omniQ’s CEO, Shai Lustgarten stated, “Our AI based solution is proven to be effective in improving safety, traffic flow, parking management and law enforcement for Airports, Educational Campuses, Hospitals, Cities and Homeland Security Authorities. Our proprietary patented technology based on deep learning Neural Network models is our main marketing advantage. Following the recently announced new contracts with Georgia State University and the Medical Center, we are pleased to be working with our partners at the Philadelphia International Airport (PHL) which serves more than 30 million passengers annually. PHL customers are eager to enter and exit the airport, often via TNC vehicles. EZ Edge™ AI-based technology enables more effective monitoring, security and management of the TNC lane, eases congestion and helps the airport, TNC drivers and passengers save time and money.”

“This is a new application for our AI based Vehicle Recognition technology and adds to our AI based machine vision leadership in airports joining many others like ATL, LAX, DFW, JFK, EWR, FLL and DTW that have experienced the incredible benefits in accuracy, speed and reliability of our solutions,” concluded Mr. Lustgarten.

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.

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.

Investor Contacts:

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

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

Categories
Blog

omniQ Receives a 3-Year Contract to Deploy its AI Based Machine Vision Solution from Cypress College in California for Smart and Flexible Campus Parking Management

  • ominQ to install its proprietary PERCS™️ (Permitting, Enforcement, Revenue and Collection) Software integrated with its patented AI based Machine Vision Vehicle Recognition System (VRS)
  • PERCS™ operates on Cloud which represents a Software as a Service (SaaS) recurring revenue model
  • Contract follows recent wins of AI based projects at Israel’s largest seaport, Georgia State University, City of Watkinsville Georgia, Philadelphia International Airport, a Multibillion-dollar Medical Center and a foreign Ministry of Defense Head Quarters.

SALT LAKE CITY, July 23, 2021 (GLOBE NEWSWIRE) — omniQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions, announced today it has received a 3-year contract from Cypress College in California to deploy its PERCS™ (Permitting, Enforcement, Revenue and Collection) Platinum software for cloud hosted permitting and enforcement smart campus parking management platform.

The PERCS™ solution includes virtual permits, mobile enforcement along with Citation and Payment Card Industry (PCI) compliant payment collections with online adjudication.

The agreement includes cloud set up, training and implementation, along with android handheld devices utilizing Zebra mobile Bluetooth printers for enforcement and issuance of citations based on flexible college parking rules.

Additionally, the existing HTS mobile enforcement vehicle with eCite Pro will be enabled and synced with PERCS for fast and efficient compliance monitoring. OMNIQ’s eCite Pro™ application software integrates with the PERCS™ cloud-based parking management system. It processes parking citations for any form of violation associated with a vehicle. By way of synchronizing with PERCS™, all the information pertaining to violations and hot list vehicles are uploaded to the PERCS™ database in the cloud.

Furthermore, PERCS™ will enable issuing virtual permits and enforcement of college parking rules with mobile and handheld omniQ Vision LPR.

“We are to enter into a 3-year agreement with Cypress College, reflecting continued momentum for our AI based PERCS™ software to enable smart campus parking management,” said OMNIQ’s CEO, Shai Lustgarten. “We are seeing increased adoption of PERCS™ because it means no more hang tags, no more stickers, and no need for third party license plate reader providers. We provide access to one complete in-house solution. From a Company standpoint, we are also excited to continue to grow our base of SaaS recurring revenue with this latest contract.”

“We are pleased to partner with OMNIQ and have a one-stop shop for our smart campus parking management needs,” said Alex Bernal, Campus Safety Coordinator at Cypress College. “It is a tremendous value to utilize streamlined technology to automate the more time intensive administrative aspects of campus management. Thanks to OMNIQ and PERCS™, we can free up campus personnel to focus on more valuable, high-impact tasks that help propel campus safety forward.”

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.

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.

Investor Contacts:

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

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

Categories
Blog

OMNIQ’s AI Machine Vision Systems to be Deployed at the Largest Seaport in Israel with Annual Cargo Tonnage of more than 20 million Tons

  • OMNIQ’s Machine Vision Sensors to secure a critical gate of the state of Israel.
  • Vehicle Recognition Algorithm based on advanced Neural Networks model imitating human brain.
  • Order follows winning AI based projects at the Georgia State University, in the City of Watkinsville Georgia, in the Philadelphia International Airport, in a Multibillion-dollar Medical Center and in a foreign Ministry of Defense Head Quarters.

SALT LAKE CITY, July 15, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp.(OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions, announced today it has received an order to deploy its Q Shield™, AI-based machine vision solution at Port of Ashdod in Israel. Port of Ashdod is the largest Seaport in Israel with Annual Cargo Tonnage of more than 20 million Tons.

Q Shield™, OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern and color recognition enabling smart and quick decision-making. More than 17,000 OMNIQ AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. Q Shield™ is founded on patented features like identification of make and color, combined with superior accuracy based on sophisticated algorithm and machine learning.

“The momentum continuous as we win more projects that require accuracy and top performance. This order is a part of a comprehensive plan by the State of Israel authorities to address maritime trade needs, increase ship size and strengthen Israel’s economy,” said Shai Lustgarten, CEO of OMNIQ. “In the field of security, the core of the security system, which includes 15 servers and end accessories is designed and assembled in our facilities integrated with our patented AI algorithm. The system will include OMNIQ’s external and internal sensors, VRS – Vehicle Recognition System complexes, electronic fence and hacking alert systems.”

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.

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.

Investor Contacts:

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

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

Categories
Blog

OMNIQ’s AI Machine Vision Systems to be Deployed at Foreign Defense Department Headquarters

  • Order received following thorough examination of omniQ’s Artificial Intelligence based Q Shield™ System
  • omniQ System outperformed and to replace existing competitor’s product
  • OMNIQ’s AI-based solution uses patented Neural Network algorithms that imitate human brains for pattern and color recognition enabling smart and quick decision-making.
  • This is omniQ’s fifth announced win of AI based projects during the last 20 days

SALT LAKE CITY, June 17, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions, announced today it has received an order to deploy its Q Shield™, AI-based machine vision solution at the headquarters of a foreign government defense department. OMNIQ System’s superior performance is replacing an existing competitor’s solution.

Q Shield™, OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern and color recognition enabling smart and quick decision-making. More than 17,000 OMNIQ AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. Q Shield™ is founded on patented features like identification of make and color, combined with superior accuracy based on sophisticated algorithm and machine learning.

“This order is a vote of confidence from one of the most demanding authorities in the world, that selected omniQ to deploy Q Shield™ at the headquarters of its Government Defense Department,” said Shai Lustgarten, CEO of OMNIQ. “In this case, Q Shield™ special features like patented automated identification of a car’s color and make and its license plate recognition accuracy were thoroughly tested, including operation under severe environmental conditions and found superior and accurate. This reassurance of the quality and innovation of our solution follows a recent stream of agreements to deploy our AI based solutions at the Georgia State University, in the City of Watkinsville Georgia, in the Philadelphia International Airport and in a Multibillion dollar Medical Center. We are proud of Q Shield’s™ excellent performance for multiple reasons, including its satisfaction of our customer and in replacing an existing competitor’s product. We are honored to be selected with such a prestigious contract. This is not the first time where OMNIQ’s AI based Machine Vision solution outperformed the competition and we were called to replace existing competitor’s installments that did not match expected performance and caused losses due to poorer accuracy. We expect calls to replace competitor installments to continue.”

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.

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.

Investor Contacts:

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

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

Categories
Blog

OMNIQ Signed Agreement with the City of Watkinsville, Georgia to Deploy its AI-Based Vehicle Recognition Solution in Support of Law Enforcement and Citation of Scofflaws

  • 3-year revenue sharing agreement executed with the city to deploy OMINQ’s Q Shield™ solution
  • Solution is part of the Safe City force multiplier initiative by omniQ
  • Q Shield™ is founded on patented features like identification of make and color combined with superior accuracy based on sophisticated algorithm and machine learning

SALT LAKE CITY, June 15, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), an object identification company providing Artificial Intelligence (AI)-based technology solutions to Safe City, Traffic Management, Public Safety and Supply Chain Automation markets, today announced that it was selected by the City of Watkinsville Georgia to deploy its Q Shield™ Vehicle Recognition and cloud based citation management platform to provide its Police Department with alerts and notifications to vehicles and vehicle license plates that are related to a criminal investigation in addition to supporting city efforts in issuing citations to scofflaws.

Q Shield™, OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern recognition and smart decision-making. More than 17,000 OMNIQ AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. Q Shield is founded on patented features like identification of make and color combined with superior accuracy based on sophisticated algorithm and machine learning.

Chief Shannon Brock – Police Chief for the city of Watkinsville, stated: “As we continuously aim to improve our law enforcement operations throughout the city with limited resources, budgets and personnel, we are delighted to be able to provide our city with a world class solution from omniQ,”

“As suppliers of our AI Based Machine Vision solutions to government entities throughout the world for terror and crime prevention, and as suppliers of cloud-based software platforms for permit and citation mitigation and management, we are excited to partner with the city of Watkinsville in the deployment and operation of Q Shield™. Our system, Q Shield™, is uniquely designed to be a law enforcement force multiplier for small and larger cities throughout the United States and a unique way to create additional revenue for the city. Deploying Q Shield™ in cities such as Watkinsville is a strategic objective for omniQ and our partnership with the city of Watkinsville is an important step in achieving this,” said Shai Lustgarten, CEO of OMNIQ.

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.

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.

Investor Contact:

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

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

Categories
Blog

omniQ Signs Agreement with Multibillion Dollar Medical Center for its AI Based Cloud Software for Campus Parking Management, PERCS™

  • ominQ to deploy PERCS™️ (Permitting, Enforcement, Revenue and Collection) Cloud-hosted Software
  • PERCS™ represents a SaaS Revenue model
  • Additional Gold Service Level Agreement (SLA) provides 24/7/365 support coverage

SALT LAKE CITY, June 04, 2021 (GLOBE NEWSWIRE) — omniQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions, announced today a Phase 1 Software as a Service Agreement with a multi-billion dollar top ranked medical center (Medical Center), to deploy its PERCS™ (Permitting, Enforcement, Revenue and Collection) Cloud-hosted Software for campus parking management.   On an annual basis, the Medical Center generates more than $5 billion in revenue, seeing more than 5 million patients, with more than 50,000 employees and runs a campus on more than 100 acres of land. The agreement calls for an initial two-year term of services with one year renewal options.

In addition, the Medical Center has entered into a Gold Service Level Agreement (SLA) with omniQ to provide 24/7/365 support coverage. The agreement provides terms for remote, onsite, upgrade, warranty, maintenance and hardware replacement throughout the term.

Omniq’s CEO, Shai Lustgarten stated, “The momentum continuous, following our recent announcement regarding our AI based PERCS project at the Georgia State University we are honored to enter into an agreement with this top ranked Medical Center to provide our AI based PERCS™ software and to streamline campus parking management, and provide for around the clock support. It is hard to overstate how gratifying it is to have omniQ technology solutions selected by an organization that is at the forefront of modern medicine.”

omniQ PERCS™ will be deployed to aggregate data between various campus staff management systems. The PERCS™ cloud will manage the campus parking program. Data imported from the campus HR (Workday) system and (LSI and Lenel) Badging Systems will create parker accounts within PERCS™ cloud. The parking management staff will define parking rules for the campus staff and manage the overall parking program via PERCS™ cloud. Access to various parking areas for individual users will be downloaded to the existing Parking, Access and Revenue Control System (PARCS) in place. In addition, visitor lots can be enforced for permit violations with the omniQ VISION Mobile LPR vehicle on site.

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.

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.

Investor Contacts:

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

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

Categories
Blog

omniQ Receives Purchase Order to Deploy its AI Based Cloud Solution for Georgia State University from ASPIS Parking

  • omniQ to deploy PERCS™️ (Permitting, Enforcement, Revenue and Collection) Cloud-hosted Solution at Georgia State University in Atlanta, GA
  • PERCS™ represents a Recurring revenue business model
  • Follows growing demand for Company’s AI based solutions from other universities and education institutes, homeland security authorities and various gated communities.

SALT LAKE CITY, May 27, 2021 (GLOBE NEWSWIRE) — omniQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence and Supply Chain (AI)-based solutions, announced today the receipt of a Software as a Service recurring revenue agreement from ASPIS Parking to deploy its PERCS (Permitting, Enforcement, Revenue and Collection) Cloud-hosted Software for Georgia State University. The agreement also includes deployment of multiple omniQ’s eCite Pro™ enforcement vehicles, which includes omniQ’s complete AI mobile Vehicle Recognition System, for enforcement of permit violations and citation issuance.

Georgia State joins several universities that are using omniQ’s AI products that are based on Machine Vision, including Penn State, Georgia Tech and Emory University.

Our latest version of PERCS™ will be utilized to transform the customer experience for faculty, staff, student and visitor parking at over a dozen garages and surface lots throughout the downtown Atlanta campus. Integrations and interactions with Blackboard, Panther Card, MARTA, UPASS, Touchnet for payments and omniQ’s PayGO™ for declining balance permits are just a few of the many features that will soon be introduced to the parking customers at this prestigious university.

“We are pleased with recent developments in our AI based business with new sales and marketing models enabling scalable growth and a recurring revenue model. We are honored to enter into an agreement with ASPIS Parking to provide our AI based PERCS™ software to streamline campus parking management at Georgia State University. ASPIS Parking has been a long-time valued partner of ours, with dozens of sites and hundreds of lanes of our industry leading AI based Vehicle Recognition Systems (VRS & LPR) technology already deployed in and around Atlanta,” said Shai Lustgarten, CEO.

Harry Katsoudas, President of ASPIS Parking (Access Security Parking Integrated Solutions) commented, “I have been working with this team of folks for over a decade and when the opportunity arrived to provide a transformational upgrade to the parking experience for permits and enforcement at Georgia State University there was no hesitation who we needed to bring in for the solution. My experience with the people, products, support and performance of omniQ/HTS has been sensational.”

Beth Jones, Associate Vice President of Finance and Administration of Georgia State University commented, “We are excited about improving the customer service experience for our faculty, staff and student parking patrons with the deployment of the new PERCS and PARCS Systems at Georgia State University.”

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.

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.

Investor Contact:

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

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

Categories
Blog

OMNIQ Receives $1.5 Million Purchase Order for IoT “Contactless” Data Collection Solution from a Leading Freight Transportation and Logistics Company

  • Close to $40 million in new purchase orders and agreements since January 1st 2021
  • Customer is an international freight transportation and logistics company which spans more than 40 million square feet of warehousing space, across more than 150 locations
  • Order follows multimillion dollar orders from the same customer during FY 2020

SALT LAKE CITY, May 26, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that it has received purchase orders with a total value of approximately $1.5 million from a leading freight transportation and logistics company which spans more than 40 million square feet of warehousing space, across more than 150 locations with more than 10,000 employees.

The purchase order is for rugged mobile computers (IoT) to be used in DC operations conducting automation of processes, digital monitor and control and efficiencies through the supply chain level.

OMNIQ’s suite of supply chain mobility solutions, which includes rugged handheld mobile computers, 2D Scanners and barcode printers with fast and dependable wireless connection, enable quick and accurate data collection, tracking and processing for critical supermarket functions, such as shipping and receiving and inventory and warehouse management. These devices provide a more “contactless” approach to the customer’s retail and logistics operations, and will be integrated with the corporate automated services.

“From the beginning of fiscal year 2021, we’re experiencing a strong momentum that continues with this order from one of the largest freight transportation and logistics companies in the world and we are honored that OMNIQ was chosen to provide the technology and hardware to support its international supply chain operations,” said Shai Lustgarten, CEO of OMNIQ. “Following the announced orders from different verticals like healthcare, retail, transportation and logistics, parking management and homeland security we leverage our very strong and loyal customer base that combined with the quality of our solutions form a strong base for future growth,” concluded CEO Shai Lustgarten.

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.

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