omniQ Enters Airport Parking Vertical Using AI-Based Technology
- Orders from the Salt Lake City, JFK, Newark and Dallas Forth Worth Airports
- Parking Automation orders exceeded $3M in the first nine months of 2018
EUGENE, Oregon, November 1, 2018 (GLOBE NEWSWIRE) — omniQ, Inc. (OTCQB: QUES), (“omniQ” or “the Company”) a provider of Supply Chain and AI-based Machine Vision solutions, announced today that its wholly owned subsidiary, omniQ Image Processing, Inc. (“omniQ”), has been awarded a contract for the Salt Lake City International Airport to supply Machine Vision Sensors for Parking Automation as part of the airport’s $3.6 billion modernization effort.
The company has also received orders for its AI-based solution for the JFK, Newark, Kansas City, Greater Rochester and Dallas Fort Worth Airports.
Shai Lustgarten, CEO of omniQ, commented, “As U.S. airports are making multi-billion dollar investments to modernize infrastructure, traffic flow and parking improvements are important upgrades designed to benefit travelers and ensure efficient airport operations. Our AI-based Machine Vision solution accomplishes that by enabling quick-in/quick-out parking lots, saving time and eliminating queues. As accuracy and quality drive the selection of our technology, we are pleased to consistently win airport projects and to increase our installment base in the U.S.”
“The Parking Lots and Garages industry generates approximately $10 billion in revenue,¹which represents a lucrative new vertical for omniQ in terms of growth and higher profit margins. As we negotiate new contracts and evaluate existing contracts, we intend to shift to a revenue sharing model with a portion of our customers in order to drive long-term profitability.”
Mr. Lustgarten concluded, “In addition to this new vertical, we are focused on continuing to leverage our strong Fortune 500 customer base, offering them unique solutions that integrate our AI technology with omniQ legacy products.”
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.
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