B.O.S Appoints Naor Israel as General Manager of Plant Operations for Its Intelligent Robotics and RFID Division
September 12 2019 - 8:30AM
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
appointed Naor Israel as the General Manager of Plant Operations
for its Intelligent Robotics and RFID Division, which includes the
recently acquired operations of Imdecol.
Mr. Israel brings extensive experience as a senior
level engineering professional with multifaceted technical
knowledge and a 15-year track record of innovation and
success. His background includes demonstrated success in
driving innovation and strategic product design, development and
high-volume production within the additive manufacturing
industry. Most recently, he has served as a Director of
R&D and Engineering at BigRep GmbH, a Berlin-based firm that
creates large scale 3D printers for industrial applications. During
his tenure, he directed all aspects of technology development and
in particular spearheaded the development of three unique
products. In 2018, Mr. Israel and his team won the German
Innovation Award in Machine and Engineering. Previously, he
served in the R&D group of Stratasys, Inc. (formerly Objet) and
before that, in the R&D group of Elbit Systems Ltd. He
holds a Master’s degree in Systems Engineering from the Technion –
Israel Institute of Technology, Haifa and a BSc degree in
Mechanical Engineering from Ben-Gurion University,
Beer-Sheva.
Eyal Cohen, BOS' Co-CEO, stated: "With our
acquisition of the robotics business from Imdecol, we significantly
expanded our capabilities and solutions for the industrial and
logistics market segments, by adding tailor-made robotics
offerings. In addition to continuing to expand our
technological capabilities, we are also focused on improving our
production efficiency and capacity. We are very pleased to
welcome Naor Israel, who brings a great deal of experience and
proven success in innovating and transforming the engineering and
production operations of other high technology
companies.”
The Company also announced that Ayelet Hayak,
Imdecol’s CEO prior to the acquisition, will step down by October
this year.
“We’d like to thank Ayelet Hayak for her efforts
and valuable contribution during the transition and integration
period and we wish her well in her future endeavors,” Mr. Cohen
concluded.
About BOS
B.O.S is a global provider of intelligent systems
and services for inventory production and logistics. BOS’
Robotics and RFID Division offers intelligent robotic systems for
industrial and logistics processes, as well as warehouse and retail
store management by RFID. BOS' Supply Chain division provides
electronic components mainly for the aerospace, defense and other
industries worldwide including 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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