B.O.S.’ RFID and Mobile Division Received an Order for a Warehouse Management System
December 22 2016 - 8:00AM
B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company")
(NASDAQ:BOSC), a leading Israeli provider of RFID and Mobile
solutions and a global provider of Supply Chain solutions to
enterprises, announced today that its RFID and Mobile Division
received an order from an Israeli customer, for a Warehouse
Management System ("
WMS"). The WMS will offer the
customer efficient management and control over its inventory (over
20,000 items) in its new 12,000 square meters logistics center. The
order amounts to $150,000 and the WMS will be installed in 2017.
Yuval Viner, BOS' CEO, stated: "The installation
of this sizeable WMS demonstrates the customer's confidence in our
solutions. Following installation, we will offer the customer
additional products and services such as mobile equipment and
infrastructure. As a result of our acquisition of the Next Line
business at the beginning of the year, we are also able to provide
the customer with a turnkey solution for the relocation of its
existing logistics center (including counting, moving and labeling
of the inventory items in the new location).
"Our comprehensive solution for logistic centers
and warehouses is a key growth engine for the RFID and Mobile
division," added Yuval Viner.
About
BOS
B.O.S. Better Online Solutions Ltd. (BOSC) is a
leading Israeli provider of RFID and Mobile solutions and a global
provider of Supply Chain solutions to enterprises. BOS' RFID and
Mobile division offers both turnkey integration services as well as
stand-alone products, including best-of-breed RFID and AIDC
hardware and communications equipment, BOS middleware and
industry-specific software applications. The Company's Supply Chain
division provides electronic components consolidation services to
the aerospace, defense, medical and telecommunications industries
as well as to enterprise customers worldwide. For more information,
please visit: www.boscorporate.com.
Safe Harbor Regarding Forward-Looking
Statements
The forward-looking statements contained herein
reflect management's current views with respect to future events
and financial performance. These forward-looking statements are
subject to certain risks and uncertainties that could cause the
actual results to differ materially from those in the
forward-looking statements, all of which are difficult to predict
and many of which are beyond the control of BOS. These risk
factors and uncertainties include, amongst others, the dependency
of sales being generated from one or few major customers, the
uncertainty of BOS being able to maintain current gross profit
margins, inability to keep up or ahead of technology and to succeed
in a highly competitive industry, inability to maintain marketing
and distribution arrangements and to expand our overseas markets,
uncertainty with respect to the prospects of legal claims against
BOS, the effect of exchange rate fluctuations, general worldwide
economic conditions and continued availability of financing for
working capital purposes and to refinance outstanding indebtedness;
and additional risks and uncertainties detailed in BOS's periodic
reports and registration statements filed with the U.S. Securities
and Exchange Commission. BOS undertakes no obligation to publicly
update or revise any such forward-looking statements to reflect any
change in its expectations or in events, conditions or
circumstances on which any such statements may be based, or that
may affect the likelihood that actual results will differ from
those set forth in the forward-looking statements.
For more information:
Eyal Cohen
CFO
+972-542525925
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