BOS Announces a Strategic Agreement with RFKeeper
March 26 2019 - 9:30AM
B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company")
(NASDAQ: BOSC), a leading Israeli integrator of RFID and Mobile
solutions and a global provider of Supply Chain solutions to
enterprises, announced today that its RFID and Mobile Division has
signed a representative agreement with RFKeeper Ltd.
(www.rfkeeper.com).
RFKeeper, an Israeli start-up company, is a
provider of an RFID cloud-based platform for retailers. The
RFKeeper platform, used by international customers, optimizes the
supply chain operations, reduces inventory shrinkage and increases
sales. The platform offers retailers real-time item-level control
and visibility at the Point of Sale, for both online and in-store
operations ("Smart Store").
Yuval Viner, BOS' Co-CEO, stated: "BOS provides
inventory counting and tracking services using a proprietary
software and a skilled workforce, to more than 2,000 retail stores
in Israel. We anticipate that retailers will increasingly transform
into the Smart Store model, of automatic management and tracking of
items’ movement in and out of the store’s inventory space.
RFKeeper’s innovative RFID platform has demonstrated its success
through installations around the world. We look forward to being
the representative for the sale and integration of the RFKeeper
platform in Israel."
Haim Bar-On, RFKeeper’s CEO, stated: “We are
seeing an increased market demand for Smart Store solutions. We
selected BOS' as the integrator of our RFID software platform due
to its extensive experience in RFID integration, expertise in
logistic processes and strong footprint in the Israeli retail
market.”
Eyal Cohen, BOS' Co-CEO, stated: "We are pleased
to have been selected to represent RFKeeper in Israel. This
agreement is a direct result of our extensive efforts to execute
our strategic growth plan and it will enable BOS to gain exposure
to, and to benefit from, the expected investments of retailers in
transforming to Smart Stores. We are also excited about our
acquisition of the assets of Imdecol Ltd, announced a few days ago.
We expect that following this acquisition, BOS will be well
positioned to effectively target the anticipated investments of
manufacturers in Smart Factories. In addition, we continue to
evaluate opportunities to expand our business via complementary
acquisitions."
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;
risks associated with completing and successfully integrating an
acquisition with BOS’ existing business; and additional risks and
uncertainties detailed in BOS' 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: |
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International John Nesbett IMS Investor Relations
(203) 972-9200 jnesbett@institutionalms.com |
Israel Iris LubitchSmart
Team0542528007 iris@smartteam.co.il |
Company Contact Eyal Cohen, Co-CEO &
CFOBOS+972-542525925eyalc@boscom.com |
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