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omniQ contracted to deploy AI-Based Q Shield™ for Security and Access Control to Communities and Home Owner Associations in Florida and the Caribbean

  • There are more than 351,000 HOAs in the United States including more than 30,000 gated communities, with the vast majority of those in California and Florida.
  • First sites to be deployed during the second quarter.
  • omniQ partners with local integrator and reseller Q-Wire Technologies Inc
  • Q-Wire Technologies is a leading solution provider of security solutions for Home Owner Associations, airports, hotels, refineries, municipalities/law enforcement and other critical assets
  • The formed partnership offers Video Surveillance, Access Control and Physical Security Solutions throughout Florida and the Caribbean

SALT LAKE CITY, April 12, 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 initial orders to provide Security and Access Control Solutions into the Florida market. ™

Through a newly established partnership, omniQ and Q-Wire Technologies Inc will provide omniQ’s Q Shield™ as part of Q-Wire Technologies integrated systems to HOAs with Gated & Ungated Communities, hotels, airports, municipalities and other verticals where asset protection and crowd control are critical.

“As suppliers to governments for homeland security for terror and crime prevention, we are excited to partner with Q-Wire in order to approach huge commercial markets with our unique patented solutions. Our system, Q Shield™, is uniquely designed to serve the HOA, Gated and Ungated communities with its machine vision platform, in support of Q-Wire’s services and operations throughout Florida and the Caribbean. The Florida and the Caribbean market is a strategic objective to omniQ and such partnership is an important step in achieving Q Shield’s™ success in it,” said Shai Lustgarten, CEO of OMNIQ.

“As we continue the deployment of surveillance and security solutions throughout our market footprints, we are delighted to be able to provide our customers with end-to-end solutions for surveillance and remote access control management from omniQ,” said Cisar Lacroes owner and CEO of Q-Wire Technologies “With omniQ we have a synergistic partner and a wide range of solutions to complement our fixed and mobile deployment platforms”.

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.

About Q-Wire Technologies Inc.
Q-Wire is a surveillance system integrator and manufacturer of solar powered wireless surveillance products and solutions for a variety of customers globally.
Its customized solar wireless systems and MRCT(™) mobile platform have proven to support physical surveillance, remote monitoring and access control solutions to customers like: HOAs, communities, construction companies, airports, resort/hotels, municipalities/law enforcement and refineries. With its expertise in alternative power and communication systems, Q-Wire is well positioned to deliver robust solutions where typical infrastructure is not available.

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: 
888-309-9994 
IR@omniq.com

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

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

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OMNIQ Receives $1.1 Million Purchase Order for Data Collection Solutions achieving over $28M in new orders since January 1st, 2021

•   Customer is a leading, global specialty retailer of apparel and accessories for Men, Women and Kids
•   
Customer’s annual revenue exceeds $3B operates over 750 stores in North America.
•   
Demonstrates the strength of OMNIQ’s customer base combined with the quality of OMNIQ’s solutions.

SALT LAKE CITY, April 07, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has received an approximately $1.1 million purchase agreement from a leading global specialty apparel retailer, which generates over $3 billion in annual revenue. The agreement calls for mobile computerized IoT equipment as well as distribution center solutions to support their e-commerce initiatives and operations.

OMNIQ’s customer has more than 750 stores across the United States, Canada, Europe, Asia and the Middle East.

OMNIQ’s suite of supply chain mobility solutions include advanced mobile technologies that are transforming the way businesses operate by automating the process and eliminating manual and paper-based processes that cause delays in operation and losses. OMNIQ’s Solutions provide the tracking all the IoT devices, managing applications and content, all while keeping devices and data, safe and secured. The systems provide a more “contactless” approach to the customer’s retail and logistics operations, and will be integrated with the corporate automated services.

“I am satisfied with the 2021 momentum with this $1.1 million contract we achieved a record of over $28 million in new orders generated since January 1st,” commented Shai Lustgarten, CEO of OMNIQ. “We’re pleased to supply this leading retailer with OMNIQ’s supply chain solutions to generate better efficiencies, service, and operations.”

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

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OMNIQ Announces Q4 2020 Revenue, up 12% YoY achieving $13 Million in Q4 Revenue; Growth Accelerates in Q1 2021 with a Record $25 Million in New Orders, 100% Growth in AI-Based Technology Contracts

SALT LAKE CITY, March 31, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced its financial results for the three- and twelve-month periods ended December 31, 2020.

Select Q4 2020 and recent highlights include:

  • OMNIQ won an AI based homeland security project for terror prevention in a sensitive area in the middle east.
  • OMNIQ’s AI-Based VRS (Vehicle Recognition Systems) selected for Los Angeles International Airport Modernization Project by HUB Parking Technology
  • Achieved record $25 Million in new orders in Q1 2021
  • Sales Orders from Artificial Intelligence (AI) Based Technology grew 100% in Q1 2021
  • Q4 Sales of $13 million represents an increase of 12% YoY
  • Cash balance on December 31, 2020 grew to over $4.5 million from $1.6 million on December 31, 2019

“OMNIQ closed the year with solid fourth quarter results, as revenue grew 12% YoY to $13.0 million,” said Shai Lustgarten, CEO of OMNIQ. “For full year 2020, we reached revenue of $55.2 million which represented a very slight decline due the pandemic, as certain parking automation projects got temporarily postponed.”

Mr. Lustgarten continued, “Now, in 2021, we are driving record growth with 1) bringing on new AI-based projects from Homeland Security – terror prevention, Smart City and Parking automation projects, 2) repeat sales to our Fortune 500 supply chain customers which are growing in volume, and 3) laying the groundwork to cross-sell AI-based solutions to our supply chain customers. In Q1 2021, as projects have resumed, we have achieved a record $25 million in new orders, and 100% growth in AI based technology sales orders.”

Shai Lustgarten concluded: “With over $25M in new orders since January 1st, 2021, and achieving over $55M in pandemic 2020 fiscal year, we are confident that our strategy is a winning one and we’re looking forward for a great 2021. We would like to express our thanks to our team for contributing to our success and to our loyal shareholders for their support and we are committed to do our best in 2021 and going forward.”

Fourth Quarter 2020 Financial Results 
OMNIQ reported revenue of $12.9 million for the quarter ended December 31, 2020, an increase of 12% from $11.4 million in the fourth quarter of 2019. The revenue increase reflects higher demand from certain customers during the quarter as well as continued traction in our markets. Total operating expenses for the quarter were $5.1 million, compared with $4.3 million in the fourth quarter of 2019.

Net loss for the quarter was $2.9 million, or a loss of $.61 per basic share, compared with a loss of $2.8 million, or a loss of $.71 per basic share, for the fourth quarter of last year.

Adjusted EBITDA (adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) for the fourth quarter of 2020 amounted to a loss of $772 thousand, compared with an adjusted EBITDA loss of $877 thousand in the fourth quarter of 2019.

Full Year 2020 Financial Results 
OMNIQ reported revenues of $55.2 million for 2020, a decrease of 3.5% compared with 2019. Gross margin was 19.8%, compared to 24.5% in 2019. Total operating expenses for 2020 were $19.9 million compared with $16.9 million for the same period last year. The growth is mainly attributable to increase in R&D and non-cash expenses.

Net loss for 2020 was $11.5 million, or a loss of $2.46 per basic share, compared with a loss of $5.4 million, or a loss of $1.37 per basic share, for 2019.

Adjusted EBITDA for 2020 was a loss of $3 million, compared with an Adjusted EBITDA income of $1.2M for 2019.

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omniQ to Host Fourth Quarter and Full Year 2020 Conference Call

SALT LAKE CITY, March 25, 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, today announced an announced that it will host a conference call and webcast on April 1, 2021 at 11:00am Eastern Time to discuss financial results for the fourth quarter and full year ended December 31, 2020.

Conference Call Information

To participate in this event, dial approximately 5 to 10 minutes before the beginning of the call.
Date, Time: April 1, 2021, at 11:00am ET
Toll-Free: 877-407-9210
International: 201-689-8049
Live Webcast: https://www.webcaster4.com/Webcast/Page/2310/40545

Conference Call Replay Information

Toll-Free: 877-481-4010
Reference ID: 40545

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

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omniQ Announces $1.0 Million Expanded Project with a Billion Dollar Marketing Solutions Provider

Achieves record of over $25 million new orders since January 1 st 2021

SALT LAKE CITY, March 23, 2021 (GLOBE NEWSWIRE) — omniQ Corp. (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, today announced an expanded project with a total value of approximately $1.0 million from a billion-dollar marketing services company in North America.

The customer has over 30,000 employees and generates nearly $2 billion a year in revenue providing sales and marketing services to consumer-packaged goods (CPG) companies. Per the updated agreement, the customer will expand Android deployments across North America. Newer technology will replace legacy operating system devices, allowing additional growth in application utilization, expanding into other facets of retail order entry. In addition to Android devices, several hundred mobile printers were purchased for on demand receipt printing. The customer has plans to continue deploying this updated technology and replace all legacy devices.

“We are thrilled with the start of our 2021 fiscal year, generating over $25 million of new orders since January 1st,” said Shai Lustgarten, President and CEO of OMNIQ. “Moreover, it is gratifying to receive a new purchase order, so quickly from a customer, requesting higher volumes of advanced technology. We are experiencing a trend of repeat orders, in higher amounts foretelling tremendous growth from our strong and diversified client base.”

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

Categories
Blog

omniQ’s AI Based Solutions Expands into the 1.2 Billion Person African Market

omniQ partners with local leading corporation Professional Logistics South Africa (Pty) Ltd (Professional) to pursue warehouse, security and Access Control opportunities

  • Professional is a South African leading solution provider of warehouse, machine vision security and access control management solutions to the global market
  • Professional addresses all aspects of the logistics and security, with specific focus on warehousing, distribution, aviation and cargo security services
  • The formed partnership, called omniQ Africa will offer Security, Access Control and Warehouse Management Solutions throughout the African Continent
  • First awarded purchase orders are based on recurring revenue model

SALT LAKE CITY and JOHANNESBURG, South Africa, March 10, 2021 (GLOBE NEWSWIRE) — omniQ Corp. (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, has expanded its AI-based solutions into the 1.2 billion person, African market.

omniQ has partnered with South African based Professional Logistics South Africa (Professional), a provider of operations and solutions addressing all aspects of risk control to aviation and logistics companies in South Africa and other countries in the continent, and have already received initial orders to provide Security, Access Control and Warehouse Management Solutions into the South African market.

Through the partnership, omniQ and Professional will provide Fast Moving Consumer Goods (FMCG) and other warehouse and distribution center operators best-in-class Warehouse Management and surveillance, access control and security systems paired with best-in-class warehouse, distribution, and aviation operations.

Professional specializes in providing a wide range of services to the aviation and logistics industry. Professional Risk and Asset Management provides logistics security in the supply chain for top FMCG Distribution Centers and has accumulated a comprehensive and detailed knowledge of all aspects of the logistics and security industry, with specific focus on warehousing, distribution, aviation and cargo security throughout South Africa

“We are excited to meet growing demand worldwide, following the orders from Maccau, the Far East, Middle East, Israel and now from the African continent. Partnering with Professional will allow us to sell our AI based machine vision, access control, security and warehouse management technologies into Africa, starting in South Africa, in support of Professional’s services and operations in the aviation and logistics industries throughout the country,” said Shai Lustgarten, CEO of omniQ.

“As Professional expands to new facilities, we are delighted to be able to install omniQ’s world class solutions for warehouse, security and access control management,” said Gerhard Van Zyl Group Operations Director at Professional. “With omniQ we have a synergetic partner with years of experience in the market.”

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

Categories
Blog

OMNIQ Receives $6.8 Million Purchase Agreement from a leading specialty retailer

  • OMNIQ achieves record of over $24 million new orders since January 1st 2021
  • Customer has hundreds of stores across 49 states
  • OMNIQ to provide mobile computerized solutions for retail store automation applications Supply Chain control, and growing e-commerce business
  • Contract includes the supply of Powerful Mobile Computers, Professional Services and Technical Support

SALT LAKE CITY, March 05, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has received an approximately $6.8 million purchase agreement from one of the largest specialty retailers in the U.S, which generates over $2 billion in annual revenue. The agreement calls for the supply of mobile computerized IoT equipment designed to support retail automation and inventory control applications, as well as DC supply chain solutions and a growing e-commerce business.   

OMINQ’s customer is a pioneer in implementing the newest technologies in retail and supply chain operations managing hundreds of stores across 49 states.

From its Salt Lake City facility, OMNIQ will commission and distribute advanced mobile computerized solutions including tested hardware and software, technical support, and warranty services, enabling the customer to enjoy the most technically advanced equipment combined with OMNIQ’s high quality managed services and support.

Shai Lustgarten, President & CEO at Quest, commented, “I am more than excited to announce this $6.8 million new purchase contract achieving a record of $24 Million of new orders generated in two months since the beginning of fiscal year 2021. Just after announcing the $6.1 Million Purchase agreement with a leading food distributor , the $3.5 Million expanded project with a metal solutions provider and two AI based Machine – Vision projects for strategic homeland security and traffic management, the momentum continues marking a strong beginning of FY 2021 and demonstrates the strength of our business model based on the quality of our solutions with the solid loyal customer base that includes fortune 500 customers, Governments, Education Organizations, municipalities and others. It also highlights how Covid-19 has accelerated the need to maximize efficiency, automation and touchless Supply Chain activities. We are proud to have been selected yet again to further optimize this customer’s operational efficiencies and believe this order proves the value of our comprehensive Hardware, Software and Technical support solutions. 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 customers of this pedigree, as we strengthen our offering with advanced AI-based technologies and machine-vision solutions.”

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 http://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 Corp. Announces $3.5-Million Expanded Project with a Multi-billion Dollar Global Metal Solutions Provider

  • Achieving record of over $17 Million Dollars in new orders since January 1, 2021
  • Original $1.8 Million Order Doubles in Five-Months
  • Project includes supply of mobile devices, software and services for the implementation of an advanced logistics program for product deliveries

SALT LAKE CITY, Feb. 24, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced an expanded project with a total value of approximately $3.5 million from a global metal solutions provider and one of the largest metals services company in North America. The original project was announced in September 2020, and the customer has now chosen to implement an upgraded solution.

The customer serves over 100,000 of its own customers through over 300 locations in the U.S. and operations in over a dozen countries. The company will use the hardware, software and services from OMNIQ for the implementation of a new logistics program that enhances the dissemination of information to their own customers about product deliveries. With a strong focus on improving efficiencies and quick delivery, the advanced logistics initiative will provide their customers with real-time updates on deliveries of orders, as well as telematics information from the delivery trucks.

“We are excited with the beginning of our 2021 fiscal year, achieving over $17 million of new orders since January 1st and to provide an upgraded solution to meet our customer’s computing needs supporting strategic efforts in achieving operational efficiency,” said Shai Lustgarten, President and CEO of OMNIQ. “While we are always delighted to bring on new clients, we enjoy getting deeper and wider with our customer base of industry leading enterprises.”

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.

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 http://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’s Proprietary AI Based Vehicle Recognition Systems Selected for Urban Traffic Management and Regulation Enforcement Projects

  • omniQ’s patented Neural Network algorithms HOV Traffic Management product was approved to advance to the next phase of the pilot – the Operational Phase.
  • Public transportation and High Occupancy Vehicle lanes are essential in the effort to resolve traffic congestion which plagues all major cities
    • Drivers in New York spent 91 peak hours stuck in traffic.
    • Traffic congestion costs an average $100 billion over five years.
    • However, Studies have shown that 80% of the vehicles in unmonitored High Occupancy Vehicle (HOV) lanes are in violation of the law.
  • omniQ’s HOV Developed AI based solution achieves quicker traffic flow saving time and money.

SALT LAKE CITY, Feb 17, 2021 (GLOBE NEWSWIRE via COMTEX) — SALT LAKE CITY, Feb. 17, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), an object identification company and provider of Artificial Intelligence (AI) and IoT-based solutions, today announced that the Company has been selected to advance to the Operational Phase of the Pilot. omniQ’s Innovative technology is geared for urban traffic enforcement along exclusive lanes – public transportation and high-occupancy vehicle (HOV) lanes. omniQ’s technology addresses a severe problem as a global traffic survey (in 2017) points out, drivers in New York spent 91 peak hours stuck in traffic. This traffic congestion will cost an average of $100 billion over the next five years.

Both public transportation and HOV lanes are regulated exclusive lanes, commonly used by Urban planners in an effort to resolve traffic congestion which plagues all major cities. However, a regulatory system must be enforceable. omniQ is providing solutions for an effective automated enforcement.

The systems, based on state-of-the-art imaging recognition units, will be deployed along public transportation lanes leading to the city and along central streets in the city center and neighboring communities. The system shall recognize the registration of the vehicle and its type. Violators of bus exclusive lanes will be detected and reported to a central command and control center. This will deter the abuse of the public transportation infrastructure, increase its efficiency, reduce travel times, thus leading to an increase in the number of passengers and the shift from private cars to buses.

For a second aspect of privileged lane enforcement, omniQ is testing its newly developed system for High Occupancy Vehicle (HOV) lanes. The patent-pending system employs special imaging units and deep-learning analytics to count the number of occupants for restricted lanes. The system shall report the vehicle registration and the number of its occupants. Single driver violators will be reported and fined. It will reduce the abuse of the exclusive lanes, increase their efficiency, thus encouraging shared driving and reduce the load from saturated highways. There is growing demand for global vehicle occupancy detection systems, anticipated to exceed market value of approximately $180 million through 2030.

“Smart Cities mainly rely on Traffic Management infrastructure and enforcement. omniQ is determined to be a significant player in this field, providing innovative product infrastructure to address the needs of Smart Cities. Our commitment to improve traffic flow, by employing novel technologies in a diversity of mobility projects, increases the efficiency of urban transportation,” said Shai Lustgarten, CEO of omniQ. “This encouraging development is another step forward for our solutions offering to urban traffic enforcement and is in line with our continuing penetration of our services offered to a broad range of applications and used by institutions, government agencies and municipalities worldwide.”

omniQ’s AI-based machine vision VRS solution uses its patented Neural Network algorithm imitating the human brain for pattern recognition and decision taking. More than 17,000 omniQ’s machine vision cameras are installed worldwide including approximately 7,000 in the US. The Company’s proprietary technology consists of hardware and software components to create touchless and intelligent traffic operations.

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.

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

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

Categories
Blog

OMNIQ’s Q Shield™️ awarded with its AI-Based Machine Vision Solution for a Critical Homeland Security Project in a Sensitive Zone outside the US.

  • Q Shield™️ selected due to its superior “battle proven”performance.
  • Winning features include patented make and color recognition combined with outstanding accurate License Plate Recognition (VRS including LPR).
  • Awarded project, located in one of the most sensitive spots worldwide, designed for Terror Prevention.
  • OMNIQ already deployed over 17,000 AI based sensors worldwide enabling superior Deep Learning for accuracy and performance.

SALT LAKE CITY, Feb. 16, 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 the Company has received an order to provide its Q Shield™️, AI-based machine vision safety solution to a top, defense authority for the prevention of terror attacks in a sensitive zone outside the US.

The project includes the deployment of hundreds of Q Shield’s™️ AI based sensors and software with powerful computers to provide vital real time performance. OMNIQ’s Q Shield™️ safety system is a ground-breaking cloud and/or on-premises-based security solution for Homeland Security, Safe City and Safe Campus applications that uses unique, patented AI-based computer vision technology and software to gather real-time data in order to monitor & control access, provide intelligence, and prevent crimes and acts of hostility. OMNIQ’s algorithm is based on ground breaking neural network model complimented by machine learning, having deployed over 17,000 cameras and capturing millions of cars enabling OMNIQ to provide superior performance and accurate identification of characters and objects.

“Our selection, based on unique – proven features, is likely the strongest and most important vote of confidence in the performance of our highly sophisticated solution, that we have ever received. We are fulfilling this order with the highest level of pride and responsibility,” said Shai Lustgarten, CEO of OMNIQ. “We can proudly say, that today, Q Shield™️ is deployed in some of the most sensitive regions of the world and have been proven as an essential tool in crime and terror prevention as well as in identifying and capturing criminals and offenders preventing the act of terrorism and saving lives. We provide critical notifications and intelligence to homeland security organizations based on the most sophisticated AI and machine learning technology.“

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 http://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