OMNIQ’s AI Machine Vision Systems to be Deployed at Foreign Defense Department Headquarters
- Order received following thorough examination of omniQ’s Artificial Intelligence based Q Shield™ System
- omniQ System outperformed and to replace existing competitor’s product
- OMNIQ’s AI-based solution uses patented Neural Network algorithms that imitate human brains for pattern and color recognition enabling smart and quick decision-making.
- This is omniQ’s fifth announced win of AI based projects during the last 20 days
SALT LAKE CITY, June 17, 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 an order to deploy its Q Shield™, AI-based machine vision solution at the headquarters of a foreign government defense department. OMNIQ System’s superior performance is replacing an existing competitor’s solution.
Q Shield™, OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern and color recognition enabling smart and quick decision-making. More than 17,000 OMNIQ AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. Q Shield™ is founded on patented features like identification of make and color, combined with superior accuracy based on sophisticated algorithm and machine learning.
“This order is a vote of confidence from one of the most demanding authorities in the world, that selected omniQ to deploy Q Shield™ at the headquarters of its Government Defense Department,” said Shai Lustgarten, CEO of OMNIQ. “In this case, Q Shield™ special features like patented automated identification of a car’s color and make and its license plate recognition accuracy were thoroughly tested, including operation under severe environmental conditions and found superior and accurate. This reassurance of the quality and innovation of our solution follows a recent stream of agreements to deploy our AI based solutions at the Georgia State University, in the City of Watkinsville Georgia, in the Philadelphia International Airport and in a Multibillion dollar Medical Center. We are proud of Q Shield’s™ excellent performance for multiple reasons, including its satisfaction of our customer and in replacing an existing competitor’s product. We are honored to be selected with such a prestigious contract. This is not the first time where OMNIQ’s AI based Machine Vision solution outperformed the competition and we were called to replace existing competitor’s installments that did not match expected performance and caused losses due to poorer accuracy. We expect calls to replace competitor installments to continue.”
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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