Categories
Mobility Parking Software

WHAT IS LICENSE PLATE RECOGNITION (LPR) TECHNOLOGY AND HOW IS IT INCREASING SAFETY, SECURITY, & RESIDENTIAL APPEAL IN COMMUNITIES ACROSS THE COUNTRY?

License Plate Recognition Camera technology has been around for quite some time to help identify and log vehicles that drive through a specific area. In the early years, this technology was used in large part by city law enforcement looking to monitor the vehicles driving in and out of city limits. However, since its introduction many housing communities have seen an opportunity to take advantage of the LPR camera’s ability to improve security and efficiency at entrances/exits – making it one of the most popular surveillance technologies available today

Implementing LPR technology for monitoring vehicles has many benefits for both the community and law enforcement. Community Management has the ability to know exactly who’s coming into any given property with the ability to create custom hotlists for troublesome individuals that have been barred from entering. If a person on the list is spotted driving around, law enforcement will be alerted to prevent an incident before it occurs. Not only does it give managers peace of mind but also those living within these areas because they’ll know someone is watching out for them!

Additional Benefits of Implementing LPR Cameras in Housing Communities:

  • Increased security: LPR cameras capture all vehicles entering and exiting a community.
  • Automated Access Control: Gates at entry and exit points of the community can be opened and closed automatically as a vehicle approaches and the license plate is read. 
  • Ease of Use: Community members can register their vehicles and guests’ vehicles easily through a web application. 
  • Share Information:  Instantly share data with the local law enforcement agency to check license plates against criminal databases to keep your community safe.
  • Residential Appeal: Higher-quality residents are attracted to communities that offer technologically advanced safety features. Vice Versa, residents who do not cooperate with the law are deterred from residing in these area’s 

If your community is looking to increase overall safety, security, & Appeal or would like more information on how LPR works, please contact Connor Sheil (csheil@omniq.com) or visit www.omniQ.com 

Connor Sheil 

Growth and Development Manager 

omniQ VISON 

805-233-0366

csheil@omniq.com

Author: Connor Sheil, Growth and development manager at omniQ
Categories
Blog Parking Software

Key Factors to Consider When Selecting Your Access Control System.

What do borders, gated communities, parking lots, corporate facilities, mixed-use properties, schools, & universities all have in common?

The undebatable need for effective Access Control.

Access Control systems aren’t “one size fits all”. Here are a few key factors to consider when deciding the most efficient way to manage your area.

  1. Does it require key cards or hangtags? If the answer is yes, there is added risk and complications that happen frequently and cost more money. Example lost key cards are expensive to replace & inconvenient to scan in inclement weather. The most ideal system uses the employee, student, or residence vehicle to grant access.
  2. Are scheduling features available? With powerful scheduling features, an access control system allows you to grant access to certain people for specific days and times, as well as for specific lots.
  3. Does it thoroughly log dates & times of arrivals and departures? Is it backed by video footage? A person’s access to a specific area during an incident will be visible to you in the event of an accident or theft. In addition to just securing the area, this feature is useful for gathering information on who enters and exits, when, and how often.
  4. Will it alert authorities if a criminal or black-listed patron attempts to gain access to the premises? Unwanted visitors can often pose a significant threat. Whether it’s a terrorist at the border, a disgruntled employee bent on revenge or an on the run criminal, etc… Proactive security measures should be in place to quickly address the issue & eliminate potential disasters.
  5. Is it easy to use, reliable, and credible? If it isn’t easy to use, durable, reliable, & accurate; You’re throwing money down the drain. Systems like omniQ’s AI-based Qshield & PERCS are easy to use and backed with a guarantee of accuracy.

We hope this list gives you a comprehensive and unique understanding of the most important factors to consider when deciding on the best system that fits your individual needs. If you have additional questions, feel free to reach out. Our team of dedicated experts is ready to help! safety@omniq.com

Categories
Mobility News Parking

OMNIQ AI IS INCLUDED IN UBERS COVETED INAUGURAL “INNOVATOR AWARD” FOR REVOLUTIONIZING THE RIDESHARE EXPERIENCE UTILIZING ITS VEHICLE RECOGNITION SYSTEM (VRS) DEPLOYED IN PHILADELPHIA AIRPORT FOR TRANSPORTATION NETWORK COMPANIES (TNC).

  • TNC Drivers entering the new dedicated road for rideshare pickups are matched with passengers in a seamless, near-zero-wait manner by technology that checks license plates against real-time data.
  • omniQ teamed up with Gatekeeper Systems, TransCore, Parkway Corp and Philadelphia Airport to deliver the latest technology solution that lead to the recent recognition from Uber 
  • omniQ’s VRS systems are already deployed in JFK, ATL, DFW, LAX, Miami and Salt Lake City International & 40+ additional airports.

OMNIQ CORP. (NASDAQ:OMQS) assisted and provided AI Technology for Parkway Corp in revolutionizing the Philadelphia airport rideshare experience. As a result of severe congestion caused by a construction project on its roadway system, Philadelphia International Airport (PHL) decided to rethink how its TNC vehicles access roadways. Drivers entering the new road are matched with ride share passengers in a seamless, near-zero-wait manner by technology that checks license plates against real-time data.

The omniQ vehicle recognition system reads license plates, identifies state jurisdiction of each plate and can recognize the make and color of vehicles. John Whiteman, executive director of parking and mobility sales for omniQ, describes the result as a frictionless and transformative experience stating “The system’s impressive speed and instant communication with other TNC platforms increases vehicle throughput and reduces driver wait times along with idling and associated carbon emissions, a win for the parking operator, the airport, the ride share customers, & the environment. Its the ‘win-win-win’ situation we love to see. We are grateful to our friends at Parkway Corp for including us in this spotlight project.”

The omniQ VRS systems have been deployed in 45 large U.S. airports from coast to coast. Shai Lustgarten, CEO of omniQ also noted ” The recognition from an industry pioneer such as Uber further shows how our commitment to innovation is not only transforming the parking and mobility industry but also impacting the bottom line for businesses globally. It’s the kind of positive experience that keeps customers choosing your location and services over any others.”

https://www.uber.com/blog/uber-reveals-airport-award-winners/

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.

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.

Koko Kimball
(385)-758-9241
kkimball@omniq.com

Categories
Blog News Parking RFID Hardware RFID Software

omniQ’s AI-Based Vehicle Recognition Technology to Be Installed in an Additional City in Georgia Following  Recent Success in Adrian, Georgia.

  • Deal made after omniQ’s Q Shield™ assisted in Police Investigation activities in the city of Adrian.
  • Business model based on recurring revenue share with city’s authorities,  including issuing  citations for expired registrations as well as uninsured motorists.  
  • While keeping the streets safe, AI -Based Q Shield™ will assist the city to identify and issue timely information and alerts to local Police departments for vehicles on a law enforcement wanted list or involved in criminal activity
  • OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern recognition and decision-making
  • More than 17,000 OMNIQ’s AI based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. among others in JFK, La Guardia, Newark, Miami, LAX and other international airports for Automation of Parking and in sensitive areas in the Middle East for terror prevention.

SALT LAKE CITY, Jan. 28, 2022 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that after the successful deployment of Q Shield™ vehicle recognition systems (VRS) technology in the City of Adrian, Georgia and its cloud based citation management platform to identify any vehicle driving through the city which is on a National Crime Information Center (NCIC) data base or the Georgia Bureau of Investigations Database (GBI Database) and issue citations to scofflaws driving through the city with an expired registration or no insurance  it is now set to deploy Q Shield in  another Georgia city.

The AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern recognition and decision-making. More than 17,000 OMNIQ AI based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. Based on superior accuracy and patented features like identification of make and color combined with superior accuracy based on the sophisticated algorithm and machine learning that largely depends on accumulated data provided by thousands of sensors already deployed.

Q Shield, OMNIQ’s VRS solution will be installed in 3 different sites resulting in 9 lanes throughout the city to capture vehicle data, including license plate number, color, make, and model efficiently and accurately. Q Shield’s technology will also be used to provide local law enforcement with timely alerts for any vehicle on a federal, state, and local law enforcement wanted list in addition to enforcing the violations above”.

“Our AI Based public safety solution is deployed in sensitive areas worldwide, including Israel and the US. We are excited that following our successful deployments, we are able to provide our machine vision VRS technology to benefit the citizens of yet another city in Georgia improving  public safety and law enforcement, ” said Shai Lustgarten, CEO of OMNIQ.

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

Koko Kimball 

(385)-758-9241

kkimball@omniq.com

Categories
Blog Parking

University Parking Shouldn’t Be a Nightmare

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

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

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

How our solution works:

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

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

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

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

License Plate Recognition Access Control – How it Works

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

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


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


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


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

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


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


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

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

Categories
Blog Industry Solutions Parking

OMNIQ’s QShield AI-Based Vehicle Recognition Technology Selected in Adrian, Georgia to Crack Down on Crime and Enforce Traffic Violations

  • Business model based on recurring revenue share with the city
  • 3 year agreement executed with the city
  • Solution will assist city to identify and issue citations for traffic violation enforcement and to issue timely information and alerts to local Police departments for vehicles on a law enforcement wanted list or involved in criminal activity
  • Solution part of the Safe City force multiplier initiative by omniQ 

SALT LAKE CITY, Oct. 05, 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 been selected by the City of Adrian Georgia to deploy its QShield vehicle recognition systems (VRS) technology and its cloud based citation management platform to identify any vehicle driving through the city which is on a National Crime Information Center (NCIC) data base or the Georgia Bureau of Investigations Database (GBI Database) and issue citations to scofflaws driving through the city with outstanding traffic violations.

QShield, OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern recognition and decision-making. More than 17,000 OMNIQ AI based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S.Based on superior accuracy and patented features like identification of make and color combined with superior accuracy based on the sophisticated algorithm and machine learning that largely depends on accumulated data provided by thousands of sensors already deployed.

“When a vehicle associated with a criminal investigation and on a National Crime Information Centerdata base or a scofflaw vehicle with outstanding traffic violations or expired, suspended or revoked registration passes QShield’s sensors that are deployed throughout the city, OMNIQ’s QShield system automatically triggers a real time alert to the Adrian Police Department. Additionally, scofflaws when captured by the sensors are issued, on behalf of the city, citations via the QShield citation platform. Citations are then mailed to the vehicle’s registered owner and payments are processed through the QShield online payment platform” – said Shai Lustgarten CEO of OMNIQ.

QShield, OMNIQ’s VRS solution will be installed in several key intersections throughout the city to efficiently and accurately capture vehicle data, including license plate number, color, make, and model. QShield’s technology will also be used to provide local law enforcement with timely alerts for any vehicle on a federal, state, and local law enforcement wanted list in addition to enforcing the traffic violations above”.

“We are excited to provide our machine vision VRS technology to benefit the citizens of the city of Adrian, Georgia and assist the city’s local Police Department” said Shai Lustgarten, CEO of OMNIQ.

“Despite their usefulness in helping police solve crimes, automatic license plate and vehicle recognition (VRS) solutions are often beyond the reach of many smaller municipalities. The cost of such systems, can often exceed budgetary limits of a smaller city like Adrian, Georgia. With QShield by omniQ, we are able to offset these costs through our revenue share business model. We are proud to partner with omniQ in deploying QShield in our city. QShield provides us with a force multiplier, now available and affordable to protect the citizens of our community”, said Chief of Police, Kyle Strickland.

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: 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

Categories
Blog Parking Transportation and Logistics

omniQ Receives Initial Recurring Orders for Ticketless Vehicle Recognition IoT-based Parking Solutions

  • Recurring revenue model expected to drive predictable revenues and increased profitability
  • Marks entrance into the Buenos Aires metro market with population of 13M
  • Joining forces with leading integrator that has over 810,000 users worldwide to introduce Quest’s Visual Cortex™ software to the multi-billion dollar parking industry
  • Proprietary Visual Cortex™ sensors imitate the human eye and brain to detect and analyze patterns; dramatically improves efficiencies in the parking market

EUGENE, Ore., Nov. 27, 2018 (GLOBE NEWSWIRE) — omniQ, Inc. (QUES) (“omniQ” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced it has received initial recurring orders for its AI-based Visual Cortex™ sensors for use in vehicle recognition IoT-based ticketless parking solutions.

omniQ’s AI-based Visual Cortex™ software imitates the capabilities of the human eye and brain and is able to detect, analyze and recognize patterns.  The Visual Cortex sensors offer a holistic solution for parking operators enabling a cutting edge, IoT-based system for vehicle tracking and recognition that delivers an accurate, dependable and economical solution. The system saves valuable time as cars drive in and out of a parking lot, eliminating queues and traffic jams. Moreover, parking payment can be executed by a Smart Phone App.

Shai Lustgarten, CEO of omniQ, commented: “We continue our strategic plan to add proprietary technologies and to increase our software offering, services and recurring revenue model which generates higher margins and increased stability. This initial order is for a five-year program with a leading worldwide integrator who is introducing automation and innovative solutions to the multi-billion dollar parking industry, including its more than 800,000 customers,.  This new partnership represents a breakthrough opportunity for our software to enable major improvements in the parking industry.”

Mr. Lustgarten added: “We are pleased to have been chosen to supply the program’s smart sensor, the most sensitive part of the system, demonstrating again the quality and superior accuracy of our proprietary technology.  We look forward to capitalizing on more opportunities to leverage our unique technologies and strong Fortune 500 customer base, to grow our market share by offering innovative solutions and integrating our AI technology with omniQ’s legacy products.”

About omniQ
omniQ is a Specialty Systems Integrator focused on Field and Supply Chain Mobility as well as a provider of Artificial Intelligence (AI) monitoring and surveillance solutions. Additionally the Company is a manufacturer and distributor of consumables (labels, tags, and ribbons), RFID solutions, and barcoding printers. Founded in 1994, omniQ is headquartered in Eugene, Oregon, with offices in the United States.

Rated in the Top 1% of global solution providers, omniQ specializes in the design, deployment and management of enterprise mobility solutions including Automatic Identification and Data Capture (AIDC), Mobile Cloud Analytics, RFID (Radio Frequency Identification), and proprietary Mobility software. Our mobility products and services offering is designed to identify, track, trace, share and connect data to enterprise systems such as CRM or ERP solutions. Our customers are leading Fortune 500 companies from several sectors including manufacturing, retail, distribution, food / beverage, transportation and logistics, health care and chemicals / gas / oil.

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 “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 omniQ, Inc.’s products, 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, risks related to the sale of omniQ Canada Inc. to Viascan Group Inc. and other information that may be detailed from time-to-time in omniQ Inc.’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, Inc. please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. omniQ, Inc. 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:
John Nesbett/Jen Belodeau
IMS Investor Relations
203.972.9200
jnesbett@institutionalms.com

Categories
Blog News Parking

omniQ Receives Order for AI-Based “Visual Cortex” Software for Safe City, Transportation Management and Data Collection

  • The “Visual Cortex”¹ Software Imitates the Human Eyes and Brain and is Capable of Detecting, Analyzing and Recognizing Patterns
  • Order Marks omniQ’s Entrance into Brazil
  • Recurring Annual Orders are Expected to Follow

EUGENE, Ore., November 15, 2018 (GLOBE NEWSWIRE) — omniQ, Inc. (omniQ) (“Quest” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced it has received an order for its AI-based “Visual Cortex” software package, developed to support traffic management, law enforcement, citations and monitoring.

The $220,000 order will initially supply hundreds of software packages for use by a leading integrator in Brazil.  omniQ anticipates recurring annual follow-on orders for the next 10 years.

Shai Lustgarten, CEO of omniQ, commented: “We are delighted to announce our “Visual Cortex” software package with unique capabilities that we believe will enable us to drive sales and increase margins with minimum expense. The algorithm for this software, developed by scientists of our recently acquired subsidiary, is recognized worldwide for its accuracy and reliability. As we’ve mentioned previously, we are focused on increasing our software and services sales in order to generate revenue growth and higher margins, and we believe that during 2019 we will see significant contributions from this part of the business.”

Mr. Lustgarten added: “Brazil, with its more than 200 million citizens, is the fifth largest country in the world and the largest South American Economy, representing a promising new market for omniQ. We already work with a top local integrator and look forward to increasing our sales and generating recurring orders.”

“We plan to leverage our unique technologies and strong Fortune 500 customer base to grow our market share by offering innovative solutions integrating our AI technology with omniQ legacy products,” Mr. Lustgarten concluded.

About omniQ

omniQ is a Specialty Systems Integrator focused on Field and Supply Chain Mobility. We are also a manufacturer and distributor of consumables (labels, tags, and ribbons), RFID solutions, and barcoding printers. Founded in 1994, omniQ is headquartered in Eugene, Oregon, with offices in the United States.

Rated in the Top 1% of global solution providers, omniQ specializes in the design, deployment and management of enterprise mobility solutions including Automatic Identification and Data Capture (AIDC), Mobile Cloud Analytics, RFID (Radio Frequency Identification), and proprietary Mobility software. Our mobility products and services offering is designed to identify, track, trace, share and connect data to enterprise systems such as CRM or ERP solutions. Our customers are leading Fortune 500 companies from several sectors including manufacturing, retail, distribution, food / beverage, transportation and logistics, health care and chemicals / gas / oil.

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 “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 omniQ, Inc.’s products, 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, risks related to the sale of omniQ Inc. to Viascan Group Inc. and other information that may be detailed from time-to-time in omniQ Inc.’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, Inc. please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. omniQ, Inc. 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.

  • Visual Cortex: The visual cortex of the brain is a part of the cerebral cortex that processes visual information

Investor Contact:
John Nesbett/Jen Belodeau
IMS Investor Relations
203.972.9200
jnesbett@institutionalms.com

Categories
Blog Parking

omniQ Enters Airport Parking Vertical Using AI-Based Technology

  • Orders from the Salt Lake City, JFK, Newark and Dallas Forth Worth Airports
  • Parking Automation orders exceeded $3M in the first nine months of 2018

EUGENE, Oregon, November 1, 2018 (GLOBE NEWSWIRE) — omniQ, Inc. (NASDAQ: QUES), (“omniQ” or “the Company”) a provider of Supply Chain and AI-based Machine Vision solutions, announced today that its wholly owned subsidiary, omniQ Image Processing, Inc. (“omniQ”), has been awarded a contract for the Salt Lake City International Airport to supply Machine Vision Sensors for Parking Automation as part of the airport’s $3.6 billion modernization effort.

The company has also received orders for its AI-based solution for the JFK, Newark, Kansas City, Greater Rochester and Dallas Fort Worth Airports.

Shai Lustgarten, CEO of omniQ, commented, “As U.S. airports are making multi-billion dollar investments  to modernize infrastructure, traffic flow and parking improvements are important upgrades designed to benefit travelers and ensure efficient airport operations.   Our AI-based Machine Vision solution accomplishes that by enabling quick-in/quick-out parking lots, saving time and eliminating queues.  As accuracy and quality drive the selection of our technology, we are pleased to consistently win airport projects and to increase our installment base in the U.S.”

“The Parking Lots and Garages industry generates approximately $10 billion in revenue,¹which represents a lucrative new vertical for omniQ in terms of growth and higher profit margins. As we negotiate new contracts and evaluate existing contracts, we intend to shift to a revenue sharing model with a portion of our customers in order to drive long-term profitability.”

Mr. Lustgarten concluded, “In addition to this new vertical, we are focused on continuing to leverage our strong Fortune 500 customer base, offering them unique solutions that integrate our AI technology with omniQ legacy products.”

About omniQ
omniQ is a Specialty Systems Integrator focused on Field and Supply Chain Mobility. We are also a manufacturer and distributor of consumables (labels, tags, and ribbons), RFID solutions, and barcoding printers. Founded in 1994, Quest is headquartered in Eugene, Oregon, with offices in the United States.

Rated in the Top 1% of global solution providers, omniQ specializes in the design, deployment and management of enterprise mobility solutions including Automatic Identification and Data Capture (AIDC), Mobile Cloud Analytics, RFID (Radio Frequency Identification), and proprietary Mobility software. Our mobility products and services offering is designed to identify, track, trace, share and connect data to enterprise systems such as CRM or ERP solutions. Our customers are leading Fortune 500 companies from several sectors including manufacturing, retail, distribution, food / beverage, transportation and logistics, health care and chemicals / gas / oil.

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 “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 omniQ, Inc.’s products, 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, risks related to the sale of omniQ Canada Inc. to Viascan Group Inc. and other information that may be detailed from time-to-time in omniQ Inc.’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, Inc. please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. omniQ, Inc. 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:

John Nesbett/Jen Belodeau
IMS Investor Relations
203.972.9200
jnesbett@institutionalms.com