Categories
Blog Transportation and Logistics

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

  • Multi-year deployment valued at approximately $4.0 million, includes an immediate $400,000 opening delivery
  • Continued deliveries are planned for fiscal year 2022 and beyond 
  • Customer with annual revenue of over $400 million and more than 3,000 employees 
  • OMNIQ to provide Android-based rugged data collection, computing and communication equipment to distribution centers across the United States
  • Contract includes Technical Support Services and device management software.

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

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

Shai Lustgarten, President & CEO at omniQ, commented, “Following the $7.8 million award announced just a few days ago, this $4.0 million order is yet another example of repeat business, demonstrating the value of omniQ’s existing customer base and highlights the quality of omniQ’s solutions. Moreover, our Company has built a solid reputation as experts in sophisticated Android implementation providing supply chain solutions comprised of cutting edge technology and software.”

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

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

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

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

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

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

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

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

Categories
Blog Mobility Transportation and Logistics

omniQ Receives Two Purchase Orders Totaling $3.4 Million for In-Truck Rugged Computing and Communication Equipment

• Follow-on orders from a major U.S. transportation and logistics company
• Supports ability to track data to meet reporting requirements for the U.S. Department of Transportation’s Hours Of Service (HOS) regulation

Salt Lake City, UT, November 13, 2019 — omniQ, Inc. (NASDAQ: QUES) (“omniQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, received two purchase orders for the total amount of $3.4M from a major U.S.-based transportation and logistics firm for the supply of mobile in-truck computing and communication equipment.

omniQ’s state-of-the-art equipment improves logistics efficiencies by enabling more accurate control of shipping/receiving and inventory management. To fulfill this order, the Company will provide truck mounted rugged mobile tablets with cellular communication to be integrated with the customer’s logistic system. In addition to logistics management, the equipment assists the gathering of data required as set forth by the U.S. Department of Transportation’s Hours of Service regulation.

Shai Lustgarten, President and CEO at omniQ, stated, “For many years, omniQ has built its reputation as a reliable supplier of warehouse and point of sale data collection and management equipment. Beginning in 2018, we enhanced our solution by adding in-truck equipment that further integrated our logistic solution capability and expanded our portfolio of consolidated solutions to address the logistics needs of large corporations. We are seeing increased demand in the marketplace for our combined solution and believe the effectiveness of our technology and the strength of our Fortune 500 customer base position this comprehensive solution as a major engine for our future growth. Looking ahead, we are working on adding our AI technology to the solutions we provide in order to seamlessly combine warehouse, truck and yard management into one integrated system that enables efficient data collection and analysis.”

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

Categories
Blog News Transportation and Logistics

omniQ Awarded a U.S. Patent for Cloud-Based Automatic License Plate Recognition (ALPR) Management

  • Cloud enables scalable growth and quicker deployment
  • Enables faster response to School Safety issues
  • Cloud-based patent follows U.S. patent for color, make and model capabilities announced in January 2019

SALT LAKE CITY, March 13, 2019 (GLOBE NEWSWIRE) — omniQ, Inc. (NASDAQ: QUES), (“omniQ” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced that its omniQ Image Processing, Inc. wholly-owned subsidiary has been awarded a patent from the U. S. Patent Office for a patent titled “Cloud-Based ALPR Management”. The patent covers the Company’s new cloud-based architecture for the deployment of LPR/ALPR systems.

omniQ is a leader in providing Artificial Intelligence – Machine Learning Based Vehicle Recognition Systems including LPR (License Plate Recognition)/ANPR and recently announced Color, Make and Model capabilities. omniQ provides its unique solutions for use in Safe Districts for anti-terrorism and law enforcement, Safe and Smart City projects, School Safety, Secured Facilities, Logistics Centers, Seaports, Parking Automation, and others which operate using installed cameras and computers to capture and decipher license plate data as well as vehicle color and make.

This patent simplifies the deployment and infrastructure in LPR/ANPR systems, by using a cloud-based architecture rather than the traditional use of physical locally installed hardware. The cameras upload images to the cloud, where the omniQ AI-Based Visual Cortex™ algorithm on Cloud servers performs the recognition and control process, then the cloud-based management system completes the cycle.

Advantages of the cloud-based solution include: unlimited uploading of the system enabling accelerated growth, a lower cost of hardware at the facility, more flexible and scalable systems, increased reliability, shorter turnaround cycles for updates, and improved control and support.

Shai Lustgarten, CEO of omniQ, stated, “We believe that this patented solution combined with our recently announced patented feature which identifies color, make and model, gives us strong competitive positioning in this growing market. The patent award demonstrates the strength and sophistication of our R&D team’s efforts in delivering leading edge technology. LPR/ANPR capabilities have revolutionized the estimated $10 billion parking industry and we are focused on continuing to develop and deploy solutions that are broadly effective and applicable within this growing market vertical so that we may optimize our opportunities for growth.”

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 and IoT solutions, and barcoding printers. Founded in 1994, Quest is headquartered in Salt Lake City, Utah with sales offices located across the United States as well as Israel.

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 our competitive position in this growing market and our ability to optimize our opportunities for growth 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 including expectations regarding billing of products, our ability to add new customer relationships and strengthen our existing partnerships. 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 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 omniQ’s position in this growing market and our ability to optimize our opportunities for growth. 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 Transportation and Logistics Warehouse and Distribution

omniQ Awarded $7 Million Project From Leading U.S. Supply Chain & Logistics Firm

  • Existing Customer increasing its business with omniQ from $700,000 in 2018
  • Potential candidate for omniQ’s Artificial Intelligence solutions

SALT LAKE CITY, March 06, 2019 (GLOBE NEWSWIRE) — omniQ, Inc. (NASDAQ: QUES), (“omniQ” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced it has been awarded a project from a leading supply chain and logistics provider in the U.S. for the supply of vehicle mounted rugged computers for the collection of sophisticated data and logistics management. The project is valued at $7 million, with $5 million expected to be billed during fiscal year 2019 and the balance in 2020.

Shai Lustgarten, CEO of omniQ, stated, “We are excited to significantly expand our relationship with a valued customer who is well respected in the supply chain and logistics industry. Our high-tech, in-vehicle computers play an important role in increasing operational efficiencies as well as collecting valuable data for quicker and more accurate decision making. This customer is also a potential candidate for our AI-based Yard Management Solutions, currently being used in seaports worldwide. Our comprehensive portfolio of solutions includes data collection devices like rugged tablets and computers, high-level software and proprietary Artificial Intelligence (AI) capabilities, all of which enable firms operating in the multi-billion dollar supply chain industry access to big data analysis. We look forward to adding new customer relationships and strengthening our existing partnerships by providing solutions that promote the capture of critical data for the development of effective strategies.”

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 including expectations regarding billing of products, our ability to add new customer relationships and strengthen our existing partnerships. 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 Transportation and Logistics

omniQ to Install AI-Based “Visual Cortex” Safe School Security Offering at South Florida School

  • Security platform includes an automated vehicle recognition system tracking and recording all vehicles approaching the campus; allowing entry to authorized vehicles only.
  • Provides real-time alerts on potential threats as identified by local and/or federal law enforcement authorities.
  • Potential market for AI-based school security systems is large; Florida alone has more than 4,000 similar schools.*

SALT LAKE CITY, Jan. 28, 2019 (GLOBE NEWSWIRE) — omniQ, Inc. (NASDAQ: QUES), (“omniQ” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has announced that it has been selected to install a state-of-the-art AI-based safety and security system on the campus of a Pre-K – 12 preparatory School in South Florida. This system will provide enhanced safety for students, faculty and visitors to the school. For safety reasons the name of the school is not disclosed.

The omniQ Safe School System is based on technology from omniQ’s recently acquired subsidiary omniQ Image Processing and offers real-time, automated vehicle recognition via machine vision. In a school setting, the system is hosted on a cloud-based platform integrated with campus intelligence, tracking vehicles, students, staff, deliveries and campus visitors. The Safe School System has whitelist and blacklist capabilities to immediately identify vehicles upon arrival, allowing the admittance of authorized cars or a real-time alarm for any unauthorized and/or suspicious vehicle.

The Safe School System can interface with government based databases to detect and provide real-time alerts on threats to the school campus including:

  • Potential shooter threats
  • Enforcement of restraining orders
  • Attempted access by registered sex offenders
  • Terror threats
  • Criminal activities such as stolen vehicles, burglary and gang activity

The “Visual Cortex” algorithm is proprietary patented technology developed by a team of scientists and engineers from omniQ’s wholly-owned subsidiary omniQ IP. The algorithm has already been successfully deployed in sensitive areas in the Middle East, in various cities and locations in the US and in South America as part of Homeland Security and law enforcement efforts.

Shai Lustgarten, CEO of omniQ, stated: “We are excited to have this opportunity to apply our cutting edge, efficient AI Visual Cortex technology to facilitate a safe school environment for students, staff and visitors. Campus security is of utmost importance, and our technology has the potential to be a game changing development for school safety in Florida and elsewhere. There are thousands of schools across the U.S. who could benefit from our Safe School technology and we are focused on introducing our solution to school districts nationwide.”

Mr. Lustgarten concluded, “As we continue enhancing our machine vision solutions, we are achieving unprecedented accuracy and are committed to providing our customers a reliable, proven security package. This order highlights the successful integration of our recent merger, as our sales teams are actively marketing the new omniQ IP technology and were responsible for winning this important contract.”

* https://ballotpedia.org/Public_education_in_Florida

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 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 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 Transportation and Logistics

omniQ’s CEO Interviewed Live on “The Big Biz Show”

EUGENE, Oregon, October 29, 2018 — omniQ, Inc. (NASDAQ: QUES), (“omniQ” or “the Company”) a provider of Supply Chain and AI – Machine Vision-based solutions, announced today that Shai Lustgarten, the Company’s President and CEO, was featured in a live interview on “The Big Biz Show,” an Emmy Award-winning nationally syndicated radio and TV program.

Interview Highlights:

  • omniQ optimizes the supply chain for enterprises by identifying their mobility needs and providing hardware, software, communications and full life cycle management services
  • The recent acquisition of omniQ Image Processing, Inc. and its patented, proprietary computer vision technology enables Quest to provide a unique and innovative solution offering to its large Fortune 500 customer base
  • Immediate plans to launch pilots with key customers using AI technology for automated logistics monitoring and optimization
  • Places Company in a unique position in the industry while offering higher margin products

The interview can be seen in its entirety by visiting the omniQ website:

https://www.omniq.com/resources/videos/

About The Big Biz Show

Covering current business events, internet-related issues and other hot topics in the business world, The Big Biz Show is seen and heard in over 100 million broadcast TV homes, 150 radio stations in the U.S. and 175 countries. More information on the program can be found here: https://www.bigbizshow.com/

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 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 Transportation and Logistics

omniQ Announces the Acquisition of omniQ Image Processing, Inc., a Leader in Artificial Intelligence-Based Automated Vision Solutions

  • McKinsey & Co. estimates that Artificial Intelligence (AI) will generate up to $2 trillion in additional value in Supply Chain and Manufacturing (1)
  • omniQ intends to integrate AI into its Supply Chain solutions; Acquisition positions Company to penetrate new large verticals including Security, Parking Automation and Access Control
  • 6,300 Installations in North America provide a solid base for high value Big Data and Analytics

EUGENE, Oregon, October  11, 2018 — omniQ, Inc. (NASDAQ: QUES), (“omniQ” or “the Company”) a specialty systems integrator focused on field and supply chain mobility, announced that it has acquired omniQ Imaging Processing, Inc. (“omniQ”), a technological world leader in computer vision image processing-based solutions for Security, Safe Cities, Traffic Management, Parking Management, Law Enforcement, Surveillance and Access Control.

omniQ’ groundbreaking AI-based vision solutions are currently in use for sensitive Homeland Security anti-terror projects and discerning customers including: the Brookhaven National Laboratory for access control, JFK Airport, Newark Airport, La Guardia Airport, Boston’s Logan Airport, the U.S. Department of Transportation for readers at the US/Mexico border crossing, as well as a Florida municipality, and a Middle Eastern Homeland Security authority for the automated monitoring of sensitive zones.

Inspired by time-critical “friend or foe” decision-making processes, omniQ patented algorithms are based on a combination of cognitive science and machine learning-based (Artificial Intelligence) pattern recognition arbitrated through a multilayered decision-making process which offers both speed and accuracy.

The Company believes that integrating omniQ patented and proprietary AI technology into omniQ’s existing Supply Chain offering will allow for automated logistics monitoring and optimization, creating operational efficiencies at the higher margins associated with the AI value-creation paradigm for both omniQ and its Fortune 500 clientele.  For the first six months of 2018, omniQ reported revenues of approximately $29 million.

For fiscal year 2018, omniQ is expected to generate approximately $10 million in revenue with operational profitability and average gross margin of approximately 38% — significantly higher than Quest’s average gross margin of 21%.  omniQ is purchasing omniQ for $6.3 million, mainly paid in restricted shares at the average closing price for the trailing 20 trading days.

Shai Lustgarten, CEO of omniQ Solution, stated, “We are thrilled to bring innovative AI solutions to our Fortune 500 customers in the Supply Chain market.   Adding new technology with Company-owned IP was a key goal that we articulated when new management embarked on the turnaround of omniQ.  This acquisition provides higher margin growth and transforms omniQ’s business model by positioning the Company as a technological leader with state-of-the-art solutions in two multi-billion dollar, high growth markets:

  • omniQ original Smart City and Homeland Security markets, with applications such as Automated Access Control, Parking and Mobility
  • omniQ’s original Supply Chain Management market with significantly higher margins gained by the integration of omniQ’ AI technology

“omniQ’ AI technology will take our Supply Chain solutions to the next level, addressing essential needs in Law Enforcement, Home Land Security, Logistic Yard Management, Automation of Parking, Traffic Management and Security.”

Additionally, omniQ has a Salt Lake City-based facility that manufactures ruggedized computers and other electronics products for a long-term customer base.  omniQ expects to utilize this facility to support the manufacture of new white label products for its own Supply Chain solutions.  The introduction of white label equipment is expected to enhance customer service while driving higher margins and revenue growth for omniQ.”

In addition to his role as CEO of omniQ, Shai Lustgarten is also a major shareholder and the CEO of omniQ, and as a result, the acquisition constitutes a related party transaction.  Mr. Carlos Nissenson, a principal shareholder of omniQ, is also a principal shareholder of omniQ. A special independent committee of the Board of Directors of omniQ was established to consider the proposed transaction, and on their recommendation, the Board ordered an independent valuation analysis and a fairness opinion. The Board determined that the transaction is in the best interests of the Company, that the consideration payable by the Company pursuant to the transaction is fair to the shareholders of omniQ, and unanimously approved the transaction (with directors who are conflicted, abstaining).

ThinkEquity, a division of Fordham Financial Management, Inc., acted as financial advisor to omniQ, Inc.

Mr. Lustgarten concluded, “As an executive of both companies, I sit in a unique position to see the operational benefits of bringing these two companies together and am pleased that the independent board committee came to the same conclusion after careful consideration. We look forward to this new chapter in the development of our Company and believe this acquisition will enhance our offerings and our leadership position to drive shareholder value.”

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 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 Field Sales and Delivery Route Accounting Transportation and Logistics

How to Meet FMCSA Compliance and Optimize Fleet Performance Too

Government regulations have been pushing the transportation industry to modernize in the interest of improved safety but getting compliant doesn’t have to be a costly headache.

In fact, thanks to mobile technologies, meeting the latest compliance requirements can also help trucking companies better manage their fleets and drivers, while dramatically improving delivery efficiency and performance.

Here are three major areas where compliance is optimizing fleet performance:

1. Telematics and GPS

Telematics have transformed fleet management, thanks to the ability to monitor and manage vehicle locations, performance, and driver behavior. Engine and vehicle data is collected automatically through sensors, while GPS provides location and positioning data.

Mobile technologies such as handheld computers and tablets connect to sensors and GPS data, enabling real-time logging and communications between drivers and fleet headquarters. Additional capabilities are also possible, including integration of cameras to verify and validate telematic indicators such as harsh acceleration, braking, and speeding.

A complete system yields data to help improve driver safety, fuel consumption, and vehicle performance. It also helps ensure smooth deliveries and compliance with the latest regulations from the Federal Motor Carrier Safety Administration (FMCSA).

To create a telematics and GPS system, our omniQ experts recommend a cradled ET50/55 enterprise tablet or TC70/75 handheld mobile computer from Zebra Technologies. Both devices can be cradled aboard a truck to capture black box and GPS data while providing Wi-Fi and cellular access for complete mobile tracking, monitoring, and communications.

Each device can be removed and used as a mobile computing device as well, so drivers or staff can log vehicle inspection reports, access routes, and capture proof of delivery. Pairing these devices with mobile printers also allows for fast and easy printing of delivery receipts, barcode labels, and invoices wherever and whenever they’re needed.

2. Routing and Scheduling

With fuel costs rising again, it’s more important than ever to use the most cost-effective and efficient delivery routes. Mobile technologies offer an easy way to ensure this by helping distribute dynamic up-to-the-minute route and scheduling information that helps minimize fuel consumption, meet tight delivery windows, and fulfill expedited delivery requests.

Additionally, mobile-enabled GPS can guide drivers along the most efficient routes in real time, providing up-to-the-minute audio or map-based turn-by-turn navigation assistance, ensuring on-time deliveries that enhance customer satisfaction.

It’s all easy and affordable to achieve with the right software and handheld mobile computers such Zebra’s TC20, TC51/56, and TC70/75 models. Through a single device that fits in the palm of their hand, drivers can access all the routing, scheduling, navigation, and other applications they need, plus voice, barcode capture, and photo capabilities.

omniQ’s Route Edge software is an enterprise-class solution for Proof of Delivery, Direct Store Delivery (including DEX), and sales management.  Route Edge leverages decades of industry knowledge and experience to improve the performance of field employees during the delivery, invoicing, and merchandising process. For more information on Route Edge, click here.

3. Electronic Logging Devices (ELDs)

Now that the FMCSA has mandated electronic logging through its ELD Rule, an electronic logging device (ELD) is necessary for fleet management, compliance, and driver safety.

An ELD is the electronic hardware that’s attached to a truck engine to monitor whether the engine is running and the vehicle is moving, along with miles driven, hours of service (HOS), and the duration of engine operation.

Zebra’s mobile computing solutions, such as the ET50/55, can serve as the central hub for ELD data while delivering the applications and connectivity to drive a complete ELD solution. As a cradled onboard mobile computer, the ET50/55 interfaces with engine sensors or a mobile device that collects and communicates ELD data by connecting with a vehicle’s black box.

Where to Learn More

If you’re looking for ways to optimize your trucking operations while ensuring FMCSA compliance, contact omniQ for a free consultation. Call 1-800-242-7272 or email us now.

Categories
Energy Transportation and Logistics

3 Ways IoT Takes Fleet Management to the Next Level

The Internet of Things (IoT) will link billions of smart devices — smart homes, medical devices, thermostats, cars, machinery — to the Internet and enable unprecedented levels of remote visibility and control. While the IoT is still in its nascent stages in many industries, fleet operators have been using similar technology for decades to manage expensive assets. The IoT is now poised to take fleet management to the next level of visibility and productivity.

Traditional fleet management solutions primarily focused on location — owners wanted to know where their assets were. As these solutions evolved, they also enabled visibility and control of driver behavior. By using data from the vehicle, owners could monitor speed, harsh braking, accident status, and even received maintenance reminders based on mileage. But the IoT can further expand these capabilities, roping in more sensors and systems on the vehicle and combining those inputs with data from other sources (traffic, weather, customer information, etc.) to further optimize operations.

Consider these three important advantages that IoT-enabled fleet management can bring to operators:

Unprecedented Visibility

The IoT enables efficient route planning, even during traffic incidents or bad weather. Fleet management solutions provide location data that can then be combined with traffic and weather information via a route optimization engine to provide on-the-fly scheduling. Stops can be re-assigned in real-time based on new information. This not only helps save time and fuel, it also improves customer service. Route restrictions, such as required for hazardous materials or oversized vehicles, are taken into consideration.

You can see where drivers are at any time. Without automated fleet visibility, you have to rely on drivers to phone in their status and location. If there is a last-minute change to the schedule or a customer emergency, your staff will waste time on the phone trying to track down the nearest available driver or technician. IoT-based fleet management helps find the closest available vehicle and driver.

IoT systems can also be used to track items contents while on route or at delivery,  This includes tracking returnable assets, such as bakery trays, pallets, shipping containers or even entire trailers.

The IoT can even improve space utilization. The majority of trucks on the highway are transporting empty space. That’s because while most companies know the weight of the goods they are carrying, insight into size and volume has been difficult to obtain. Emerging solutions that can sense all of these attributes — weight, size, and volume — can be analyzed to make sure every inch of space in a truck is utilized productively. This can help unlock new revenue streams and improve efficiency.

Solutions such as Zebra VC6090, an in-vehicle fixed mount mobile computer, can help maximize productivity by keeping drivers and their vehicles connected to network devices via wireless WAN (WWAN), wireless LAN (WLAN) , Bluetooth, GPS and telematics. Cost Savings

The IoT can also boost fleet management cost savings. With sensors providing data on vehicle operations and driver behavior, fleets can reduce fuel-wasting behaviors like excessive idling and speeding, while also reducing drive times through route optimization.

By automating many of the manual tasks associated with tracking and managing vehicle fleets, companies will also save time and labor hours that can be put toward more value-added or customer-focused activities.

Visibility makes it easier to see how the fleet is being used and where your money is going. Do you have too few trucks serving a given area, or too many? IoT-enabled fleet management will give you an instant, graphical representation of your asset utilization patterns, enabling you to shrink or expand the size of the fleet based on usage and demand.

Fleet management solutions also make it easier to take care of regulation compliance, hours of service (HoS) or fuel tax reporting in an automated fashion, saving countless hours of manual record-keeping for both drivers and administrative staff.

Optimize Shipment Conditions

For shippers and carriers, damage to goods can result in financial losses and erode customer confidence. This is especially true when it comes to perishable goods. The United Nations, in fact, estimates that one-third of all food spoils or is lost in transit.

IoT-enabled fleet management leverages on-board sensors to provide real-time temperature visibility and control. Companies can be alerted ahead of time if a shipment is in peril of falling outside of require temperature parameters and then instruct the driver to remedy the situation.

Sensors for vibration, humidity, and other conditions can help companies better monitor shipment status and provide an auditable record that can help protect the driver or fleet operator if damage is reported upon completion of a shipment.

An experienced solution integrator, such a omniQ, is required to tie in the hardware, software, infrastructure, security, services, data management, device management and operations so that all components work together for optimizing your enterprise, from design to deployment to ongoing performance.

The IoT is not just a vision for the future. Fleet operators are leveraging it now to facilitate management, save money and ensure products arrive in good condition. Companies that embrace this approach can improve fleet performance, optimize costs, gain new visibility, and enhance their customer service.