omniQ Appoints Scientific Luminary and Technology Thought Leader to Advisory Board To Support Company’s Disruptive AI and Big Data Strategy

– Professor Mina Teicher is Former Chief Scientist of Israeli Government –

– Yair Grinberg Is The Technological Mind Behind Multiple Innovations And A Proven Business Leader –

SALT LAKE CITY, Jan. 10, 2019 (GLOBE NEWSWIRE) — omniQ, Inc. (OTCQB: QUES), (“omniQ” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has announced the creation of an Advisory Board to intellectually supercharge the Company’s strategic growth as a leading provider of technology solutions. Professor Mina Teicher and Mr. Yair Grinberg have been appointed as inaugural members of the advisory board.

Among her many achievements Professor Teicher has served as the former Chief Scientist of the Israeli government, Chair of the Innovation group for Future and Emerging Technologies of the European Commission and Vice-President of the UNESCO Complex Systems Digital Campus.

Currently, Professor Teicher serves as a leading member of numerous scientific institutions, including the USA Brain Initiative, Chair of the Israel National Committee for International R&D, Director of the Emmy Noether Research Institute at Bar-Ilan University, and on the advisory boards for several U.S.-based startup companies focused on AI, Blockchain and Cyber Security.

Ms. Teicher is a Professor of Mathematics and Neural-Computation whose work spans several academic domains, including Computer Vision, Cryptography and Cyber Security. Professor Teicher is credited for the establishment of the largest Brain Research Institute in Israel, is the author of more than 140 refereed journal publications, 40 manuscripts and 5 books, and has been an invited lecturer at more than 100 international conferences, seminars and colloquia at leading universities such as Harvard, Princeton, University of Pennsylvania and the University of California Berkeley.

Mr. Grinberg is the lead technological mind behind a number of innovators and market leaders in a broad spectrum of industries. Among others, Yair served as the CEO of SofaWare, the inventor of Enterprise-class HW-based security solutions, which was acquired by Check Point Software Technologies, Ltd., the global leader in SW-based security solutions. As a Vice President at Amdocs, the world’s leading provider of software support systems for Communications and Media companies, he led the company’s entry into the Network Management sector. Mr. Grinberg also served as the founding CTO for Rada, an innovative defense electronics developer of specialized airborne and ground data acquisition and analysis systems for uniquely demanding environments. He currently provides strategic consulting to some of the world’s leading technology companies and venture funds, in cutting edge domains such as Quantum communications and the utilization of Quantum-inspired algorithmic breakthroughs for the acceleration of Machine Learning processes.

Shai Lustgarten, CEO at omniQ, commented, “We’re excited to announce the formation of our advisory board and proud to appoint two distinguished memb203.972.9200ers with vast scientific and technological credits. We believe Professor Teicher and Mr. Grinberg will make important contributions to the development of our strategies and to ensure we continue to improve and deliver our exceptional AI product offering going forward. The Smart and Safe City segment represents a $1 trillion opportunity for our Company, while Supply Chain Management represents a $13 billion opportunity and the addition of these two esteemed advisory board members positions omniQ to grow our marketplace recognition and capture market share in these significant and growing verticals.”

Professor Teicher commented: “omniQ presented to the market an innovative AI model based on Neural Networks and Machine Learning which achieved impressive machine vision results. This technology combined with current activities position omniQ at an exciting point in its development as a leading provider of solutions utilizing AI technology. I’m very pleased to have this opportunity to assist the Company as it amplifies its capabilities related to AI and Big Data for both Smart/Safe City and Supply Chain applications. I look forward to working with the management team to help leverage omniQ’s existing solutions and in the identification and development of new solutions for their addressable markets,”

Mr. Grinberg added, “I am honored and excited to join forces with Professor Teicher. The fusion of the Advisory Board’s expertise and Quest’s unique combination of innovative management, technology and market positioning creates a powerful market offering. omniQ’s 5,000+ AI-driven recognition cameras, for example, installed in strategic traffic monitoring locations across North America generate a wealth of data daily. Harnessing this data utilizing automated inference mechanisms can very rapidly transform the company into a high-value data powerhouse.”

Investor Contact:
John Nesbett/Jen Belodeau
IMS Investor Relations

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