B.O.S.' Supply Chain Division Receives Orders Totaling $540,000 from a New Customer in a New Market
December 20 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 $540,000 in orders from a new customer, an electronics
manufacturer, in Latvia. The orders, for electronic components, are
expected to be delivered during 2019–2020.
Avidan Zelicovski, BOS’ President, stated:
“We’re very pleased to begin working with a new customer in a
country we’ve not had exposure to before. Our Supply Chain business
outside of Israel has shown strong momentum in the first nine
months of 2018, with revenues reaching a record 52% of the total
Supply Chain division revenues.”
About BOSB.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' 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.
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 |
BOS Better Online Soluti... (NASDAQ:BOSC)
Historical Stock Chart
From Aug 2024 to Sep 2024
BOS Better Online Soluti... (NASDAQ:BOSC)
Historical Stock Chart
From Sep 2023 to Sep 2024