B.O.S.' Supply Chain Division Receives $1.2 Million Order from an Existing Customer in India
December 21 2018 - 9:30AM
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 Supply Chain Division has
received a $1.2 million order from an existing customer, an
electronics manufacturer, in India. The order is for electronic
components and is expected to be delivered during the years 2019
and 2020.
Avidan Zelicovski, BOS’ President, stated: “We
have been working with this Indian customer for the past three
years and are pleased with the expansion in our business
relationship. We view this significant order as an additional
validation of the value added by the services we provide to
electronic manufacturers and other customers worldwide."
Eyal Cohen, BOS' CO-CEO & CFO, stated: "As
2018 comes to a close, we’d like to take this opportunity to wish
our shareholders a happy and healthy 2019."
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.
For more information:
Investor
Relations Contact: John Nesbett/Jennifer BelodeauIMS
Investor Relations (203) 972-9200jnesbett@institutionalms.com |
Company
Contact: Eyal Cohen, CO-CEO & CFO B.O.S Better Online
Solutions Ltd. +972-542525925 eyalc@boscom.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' 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.
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