Categories
Blog Mobility Supplies

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

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

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

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

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

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

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

About omniQ Corp.
omniQ Corp. (NASDAQ: OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management, and access control applications. The technology and services provided by the Company help clients move people, assets, and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.

omniQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.

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

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

Information about Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in omniQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting omniQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at https://www.sec.gov . omniQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise unless otherwise required by law.

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

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

Categories
Barcode Labeling Solutions Supplies Warehouse and Distribution

Improving Warehouse Efficiency Through 5 Effective Labeling Strategies

There are a number of technologies that can help improve warehouse efficiency, but there is one that is so common within the warehouse that it might be overlooked as a productivity tool — the barcode label.

Labeling is part and parcel of inventory management at many warehouses, but an effective and holistic labeling strategy can extend the benefits of the technology to different operational areas. Barcode labels are designed to provide increased picking productivity and accuracy, and they can also improve the way goods and people flow through your facility.

Here are five parts of a well-thought-out labeling strategy that can improve your operations.

1. Pick the right labels. The first step in an effective labeling strategy is to select the right labels for the job. There are thousands of combinations of materials and adhesives. Make sure you have the right mix for the goods you are labeling and for your environment. The approach to labeling items with rough surfaces will be different than labeling items with smooth ones, for example. Cold storage warehouses or environments where labels will be exposed to contaminants also have special requirements.

2. Barcode all inventory. Having barcode labels on all products, cases, and pallets will greatly improve warehouse efficiency. Inventory will be more accurate, and you will automatically know how much of every item you have in each location. Picking will also be more accurate with a robust labeling program.

Not every item will arrive with a label that can be used for your internal tracking, however. Make sure you can print those custom labels on demand at receipt to ensure every item or case can be properly tracked.

3. Use efficient printing technologies. You can reduce time and material waste at the printer by using linerless labels or labels that use thinner liners. This will give you more labels per roll with less waste and less time spent on roll changes.
Also, deploy printers that are easy to service and clean so that consumable can be quickly changed when necessary.

4. Label all of your locations. You don’t have to restrict labeling to inventory. You can label every aisle, bin, shelf, and other location with a combination of shelf tags, floor tags, and even hanging signs. These can all be labeled with barcodes and scanned using long-range scanners. Having location data easily married to inventory data will provide for much faster putaway and picking. It will also reduce the amount of walking that warehouse workers have to do in order to complete a pick. With clearly labeled racks and shelves, employees can more quickly find the right inventory for each order. Custom barcode labels that also include other graphics can help provide direction to employees and improve traffic flow in the warehouse.

5. Use mobile printers. Walking back and forth to a stationary label printer can eat up an enormous amount of time. Provide mobile label printers that staff can carry on their belts. Combined with a mobile computer, this will allow them to generate labels at the point of activity. This can increase both the speed and accuracy of your labeling operation.

By taking the time to evaluate where labeling can provide additional benefits, your labeling strategies can streamline operations and improve warehouse efficiency. Don’t underestimate the potential value that labeling can have — look beyond boxes and pallets.

Categories
Retail RFID Hardware RFID Software Supplies

How Item-Level Tagging with RFID Media can Benefit Retailers

Over the course of the past decade, industries of all types have started to recognize the benefits of radio frequency identification, or RFID.  The retail industry is no exception: RFID provides a significant return on investment because it minimizes the effort needed to efficiently track and manage inventory.  Competitiveness in retail is at an all-time high, and every technology must be taken advantage of in order for businesses to stay profitable.

Inventory management is vital to the success of a retail store, but RFID also works to eliminate shrinkage while improving the customer experience.  Let’s take an in-depth look at how retailers benefit from item-level tagging with RFID media:

Accuracy and productivity

The ability to accurately track products throughout the entire supply chain is critical for businesses that want to minimize costs stemming from cycle and safety stock levels.  RFID media can be used to tag each item in an entire inventory, making it possible for retailers to achieve complete visibility for their supply chains.

Increased visibility leads to more accurate understanding of the inventory and smarter business decisions can be made as a result.  RFID technology is much faster and more reliable than time consuming line of sight cycle counts; businesses that take advantage of RFID stand to experience a great deal of savings on labor costs and are also able to manage labor efficiently.

Better security and less theft

The accuracy afforded by item-level tagging goes hand in hand with the prevention of theft and shrinkage. RFID is a great way to create accountability throughout the supply chain.  RFID badges can be used to monitor employees and their actions within a warehouse.  If items go missing, it is possible to determine which employee was in the area at the time of the theft.

RFID is able to prevent theft in most cases, but in cases where items are actually stolen, RFID tagging will let managers/owners know which items were stolen.  While this might not seem important, it is impossible to replace an item if you don’t know what it is. Failing to identify stolen items creates inventory inaccuracies.  Item-level tagging is paramount to the security of inventory.

Improved customer experience

A more accurate and efficient supply chain helps create an improved customer experience.  Even if a problem occurs in the warehouse, supply chains are fluid and inefficiencies are always liable to trickle down to the end user or customer.

Full inventory visibility allows business owners to have a better understanding of what it selling, when it is selling, and where it is selling.  If a store owner can see that a particular area or areas of his/her store is receiving more foot traffic, it is possible to adjust what products are in those areas.  Customers may naturally gravitate to certain aisles or sections of a store, so it would behoove a retailer to move higher-profit items to those areas.

Item-level tagging with RFID media offers retailers a wide range of benefits.  RFID tags can even automate inventory replenishment/ordering.  If an RFID reader is placed under a shelf, it can be set to notify a store rep or simply create an inventory order from an ERP system.