omniQ Receives Purchase Order to Deploy its AI Based Cloud Solution for Georgia State University from ASPIS Parking
- omniQ to deploy PERCS™️ (Permitting, Enforcement, Revenue and Collection) Cloud-hosted Solution at Georgia State University in Atlanta, GA
- PERCS™ represents a Recurring revenue business model
- Follows growing demand for Company’s AI based solutions from other universities and education institutes, homeland security authorities and various gated communities.
SALT LAKE CITY, May 27, 2021 (GLOBE NEWSWIRE) — omniQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence and Supply Chain (AI)-based solutions, announced today the receipt of a Software as a Service recurring revenue agreement from ASPIS Parking to deploy its PERCS (Permitting, Enforcement, Revenue and Collection) Cloud-hosted Software for Georgia State University. The agreement also includes deployment of multiple omniQ’s eCite Pro™ enforcement vehicles, which includes omniQ’s complete AI mobile Vehicle Recognition System, for enforcement of permit violations and citation issuance.
Georgia State joins several universities that are using omniQ’s AI products that are based on Machine Vision, including Penn State, Georgia Tech and Emory University.
Our latest version of PERCS™ will be utilized to transform the customer experience for faculty, staff, student and visitor parking at over a dozen garages and surface lots throughout the downtown Atlanta campus. Integrations and interactions with Blackboard, Panther Card, MARTA, UPASS, Touchnet for payments and omniQ’s PayGO™ for declining balance permits are just a few of the many features that will soon be introduced to the parking customers at this prestigious university.
“We are pleased with recent developments in our AI based business with new sales and marketing models enabling scalable growth and a recurring revenue model. We are honored to enter into an agreement with ASPIS Parking to provide our AI based PERCS™ software to streamline campus parking management at Georgia State University. ASPIS Parking has been a long-time valued partner of ours, with dozens of sites and hundreds of lanes of our industry leading AI based Vehicle Recognition Systems (VRS & LPR) technology already deployed in and around Atlanta,” said Shai Lustgarten, CEO.
Harry Katsoudas, President of ASPIS Parking (Access Security Parking Integrated Solutions) commented, “I have been working with this team of folks for over a decade and when the opportunity arrived to provide a transformational upgrade to the parking experience for permits and enforcement at Georgia State University there was no hesitation who we needed to bring in for the solution. My experience with the people, products, support and performance of omniQ/HTS has been sensational.”
Beth Jones, Associate Vice President of Finance and Administration of Georgia State University commented, “We are excited about improving the customer service experience for our faculty, staff and student parking patrons with the deployment of the new PERCS and PARCS Systems at Georgia State University.”
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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