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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

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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!

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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.

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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

Categories
Blog Transportation and Logistics

OMNIQ Receives $4.0 Million Purchase Agreement from Midwest-Based Third-Party Logistics Client

  • Multi-year deployment valued at approximately $4.0 million, includes an immediate $400,000 opening delivery
  • Continued deliveries are planned for fiscal year 2022 and beyond 
  • 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 is valued at approximately $4.0 million, which includes an immediate $400,000 opening delivery

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 omniQ, commented, “Following the $7.8 million award announced just a few days ago, this $4.0 million order is yet another example of repeat business, demonstrating the value of omniQ’s existing customer base and highlights the quality of omniQ’s solutions. Moreover, our Company has built a solid reputation as experts in sophisticated Android implementation providing supply chain solutions comprised of 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 Receives $7.8 Million Purchase Order From Leading U.S. Food Distributor

  • OMNIQ has now received over $13 million in orders from the same leading Food Distributor since February 2021
  • Customer with annual revenue of over $11 billion delivers products to more than 100,000 customers in North America.
  • OMNIQ to provide IoT advanced solutions for customer’s distribution centers in the US and Canada.
  • Contract includes Technical Support Services and device management software.

SALT LAKE CITY, Oct. 22, 2021 (GLOBE NEWSWIRE) — 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 approximately a $7.8 million purchase agreement from one of the largest food distributors in the U.S. and North America for the supply of mobile computerized IoT equipment designed to collect, identify, track and trace assets as well as share and connect as part of the supply chain system of the customer. Since February 2021, omniQ has now received over $13 million in orders from the same leading food distributor.

The new project will roll out across distribution centers in the US and Canada, starting in December and continuing into the first half of 2022

OMINQ’s multi-billion-dollar loyal customer continues to invest in automation and efficiencies implementing newest technologies in the supply chain operations as food distribution requires the highest standards of freshness, accuracy and care. The distinctive customer supplies food and related products to more than 100,000 customers including Healthcare entities, educational facilities, restaurants, hotels, convenience stores, cruise ships, amusement parks, stadiums, recreation centers and more.


Shai Lustgarten, President & CEO at Quest, commented, “This $7.8 million new order follows a $6.1 million contract we received in Q1 2021 from the same customer. Repeat business is a strong vote of confidence in OmniQ’s total IoT solutions, demonstrates the strength of our customer base and the advantages of our business model. The greater scope of this new project is also a terrific example of how we grow “deeper and wider” with our customers. Pursuant to this contract, we took complete responsibility over every aspect of the project: depot management, support, even the warranty, together with new device analytics management software.”

Mr. Lustgarten added, “Our portfolio of mobility products, ranging from voice-picking headsets to barcode scanners, enables smarter decision-making through effective data collection and analysis. We look forward to continuing our relationship with top tier customers like this one and many others, as we strengthen our offering with advanced AI-based technologies and machine-vision solutions.”

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 Receives $1.8 Million Purchase Order for IoT “Contactless” Data Collection Solution from a Fortune 500 Leading IT Supply Chain Provider

  • Client Generates over $20 billion in annual revenue and serves more than 100,000 customers worldwide
  • OMNIQ’s suite of supply chain mobility solutions enable quick data collection , tracking and processing for corporate operations

LAKE CITY — omniQ Corp. (NASDAQ: OMQS) (“omniQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions, today announced that it has  received  a purchase order with a total value of approximately $1.8 million from a Fortune 500 leading IT supply chain provider with more than 100,000 customers in over 100 countries, generating more than $20 billion in annual revenue.

The seven-figure order comes from a long-term customer for the implementation of Zebra data collection hardware.  Implementation of these devices will complete their move from WM to Android.

The purchase order includes rugged mobile computers (IoT) to be used in conducting automation of processes, digital monitoring and control and efficiencies throughout 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.

“Strong momentum continues with this $1.8 million order from one of the largest IT supply chain providers in the world and long-term customer of omniQ, said Shai Lustgarten, CEO of OMNIQ. “Our long-standing relationship and repeat business reflect the enduring quality and technology leadership of omniQ solutions that form a strong base for future growth.”About omniQ Corp.

Categories
Blog

omniQ Partners with 911inform to Expand Offerings and Sales Channels for AI-Based Object Identification and Location Discovery Solutions

  • 911inform was the winner of the 2020 Frost & Sullivan New Product Innovation Award in Enterprise Safety Solutions.
  • 911inform, serves such diverse organizations as governments, educational institutions, medical facilities, public venues, sporting events and offices.
  • Joint partnership between omniQ and 911inform will expand and enhance the product line for both companies and provide a comprehensive solution to public safety and their respective customers.  

SALT LAKE CITY — omniQ Corp. (NADSAQ: OMQS) (“omniQ ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions, and 911inform LLC (“911inform”) have entered into a partnership to deliver technology solutions for AI-based object recognition and location discovery. 911inform is an emergency management platform that provides first responders and on-site personnel with real-time situational awareness and pinpoint location data during an emergency. 911inform’s single pane of glass solution provides detailed maps, live video feeds and bi-directional communications to authorities during an emergency, as well as, remote control of doors, cameras, phones, HVAC, fire and alarm systems, paging, strobes and other IoT premised-based technologies.

The joint partnership between omniQ and 911inform will expand and enhance the product line for both companies and provide a more secure and responsive solution to public safety and their respective customers. 

911Inform will be adding omniQ’s Vehicle Identification & Recognition (VRS) and Artificial Intelligence technologies into their solution suite to provide customers and public safety with enhanced actionable intelligence during an emergency.  Going forward, omniQ will be developing additional object recognition technologies (ORT) that will be available through the 911inform platform as a service that can be run on our customers’ existing infrastructure.  

“We are pleased to partner with a leading security technology provider, and gain access to a large distribution channel,” stated Shai Lustgarten, CEO of omniQ. We will also benefit from this partnership by having a single source security management solution to present to our resellers, integrators and end users.”

Ivo Allen, Founder & CEO of 911inform, commented, “The integration of omniQ’s LPR, ORT and Artificial Intelligence into our solution will provide our customers with additional information and real-time actionable data. It is this type of cutting-edge technology that enables our customers and public safety to see and respond to a situation before it becomes an emergency.” 

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 .

About 911inform (911inform.com)

911inform was the winner of the 2020 Frost & Sullivan New Product Innovation Award in Enterprise Safety Solutions. Established in 2018 in Wall Township, NJ, 911inform is the only notification and security management platform that bridges the gap from organizations to first responders. In addition to providing never before available information to educators such as student count and parking area controls, it is an all-encompassing emergency management solution that empowers first responders to pinpoint the exact location of an emergency call’s origin while simultaneously notifying local authorities and key on-site personnel. Detailed access maps and visuals of the protected premises are provided to authorities while instantly controlling the building’s security systems including strobes, door access, security cameras and intercom systems. The platform provides full situational awareness for every emergency event within a geofenced building location ensuring that all response teams have the right tools at their disposal to effectively mitigate the situation. The company serves such diverse organizations as governments, educational institutions, medical facilities, public venues, sporting events and offices.

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