omniQ Receives a 3-Year Contract to Deploy its AI Based Machine Vision Solution from Cypress College in California for Smart and Flexible Campus Parking Management
- ominQ to install its proprietary PERCS™️ (Permitting, Enforcement, Revenue and Collection) Software integrated with its patented AI based Machine Vision Vehicle Recognition System (VRS)
- PERCS™ operates on Cloud which represents a Software as a Service (SaaS) recurring revenue model
- Contract follows recent wins of AI based projects at Israel’s largest seaport, Georgia State University, City of Watkinsville Georgia, Philadelphia International Airport, a Multibillion-dollar Medical Center and a foreign Ministry of Defense Head Quarters.
SALT LAKE CITY, July 23, 2021 (GLOBE NEWSWIRE) — omniQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions, announced today it has received a 3-year contract from Cypress College in California to deploy its PERCS™ (Permitting, Enforcement, Revenue and Collection) Platinum software for cloud hosted permitting and enforcement smart campus parking management platform.
The PERCS™ solution includes virtual permits, mobile enforcement along with Citation and Payment Card Industry (PCI) compliant payment collections with online adjudication.
The agreement includes cloud set up, training and implementation, along with android handheld devices utilizing Zebra mobile Bluetooth printers for enforcement and issuance of citations based on flexible college parking rules.
Additionally, the existing HTS mobile enforcement vehicle with eCite Pro will be enabled and synced with PERCS for fast and efficient compliance monitoring. OMNIQ’s eCite Pro™ application software integrates with the PERCS™ cloud-based parking management system. It processes parking citations for any form of violation associated with a vehicle. By way of synchronizing with PERCS™, all the information pertaining to violations and hot list vehicles are uploaded to the PERCS™ database in the cloud.
Furthermore, PERCS™ will enable issuing virtual permits and enforcement of college parking rules with mobile and handheld omniQ Vision LPR.
“We are to enter into a 3-year agreement with Cypress College, reflecting continued momentum for our AI based PERCS™ software to enable smart campus parking management,” said OMNIQ’s CEO, Shai Lustgarten. “We are seeing increased adoption of PERCS™ because it means no more hang tags, no more stickers, and no need for third party license plate reader providers. We provide access to one complete in-house solution. From a Company standpoint, we are also excited to continue to grow our base of SaaS recurring revenue with this latest contract.”
“We are pleased to partner with OMNIQ and have a one-stop shop for our smart campus parking management needs,” said Alex Bernal, Campus Safety Coordinator at Cypress College. “It is a tremendous value to utilize streamlined technology to automate the more time intensive administrative aspects of campus management. Thanks to OMNIQ and PERCS™, we can free up campus personnel to focus on more valuable, high-impact tasks that help propel campus safety forward.”
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.
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