B.O.S’ RFID and Mobile Division Renamed “Intelligent Robotics and RFID Division”
July 29 2019 - 7:30AM
B.O.S Better Online Solutions Ltd. ("BOS" or the "Company")
(NASDAQ: BOSC), a global provider of intelligent systems and
services for production and logistics, announced today that it has
changed the name of its RFID and Mobile Division to "Intelligent
Robotics and RFID Division".
Eyal Cohen, BOS' Co-CEO, stated: "With the Imdecol
acquisition, we significantly broadened our capabilities and
solutions. BOS' legacy offering has been strengthened by the
addition of Imdecol's tailor-made robotics that address industrial
and logistics process requirements.”
Yuval Viner, BOS' Co-CEO, added: "We believe that
robotics will be a major growth engine for BOS in the coming years.
The new name more accurately captures our long term strategic
direction, as we invest significant resources into expanding our
international sales platform. We’re excited to make the
change and are energized about the opportunities we see in the
marketplace for our enhanced technology.”
About BOS
B.O.S is a global provider of intelligent systems
and services for production and logistics. BOS’ Robotics and
RFID Division, offers intelligent robotics and RFID systems for
industrial and logistics processes as well as for retail store
management. BOS' Supply Chain Division provides electronic
components, mainly for the aerospace, defense and other industries
worldwide. Its services include the consolidation of components
from a vast number of suppliers, long term scheduling and
kitting. For more information, please visit:
www.boscorporate.com or contact:
International John Nesbett IMS Investor
Relations (203) 972-9200
jnesbett@institutionalms.com |
|
Company Contact Eyal Cohen, Co-CEO & CFOBOS
+972-542525925eyalc@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 a 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’s 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.
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