• 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. (OTCQB: 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.”
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.