B.O.S Receives an $870,000 Order for a Robotic System from a U.S. Manufacturer
June 26 2019 - 7:30AM
B.O.S Better Online Solutions Ltd. ("BOS" or the "Company")
(NASDAQ: BOSC), a global provider of RFID and Robotic systems and
of Supply Chain solutions to enterprises, announced today that it
has received an $870,000 order for a robotic system from a U.S.
manufacturer. The order is expected to be delivered by the fourth
quarter of 2019.
Eyal Cohen, BOS' Co-CEO and CFO, stated: "I am very
pleased to announce this first significant order based on our
recent acquisition of Imdecol, a global integrator and manufacturer
of robotic systems. We have acquired Imdecol because we believe
that their advanced technology is an excellent enhancement to our
existing product offerings. The robotic system ordered by the U.S.
manufacturer is designed to increase efficiency in certain
industrial processes through the use of robots instead of manual
labor. This order demonstrates the global marketplace
potential for the use of our robotic systems in the manufacturing
sector, among others.”
Yuval Viner, BOS' Co-CEO, stated: “There is a
considerable opportunity to grow sales of our robotic solutions in
the United States and we are launching targeted sales and marketing
strategy to capture these opportunities. This includes
increased technical and marketing support to our existing and new
sales representatives in the U.S. as well as expanding our presence
at multiple trade shows.”
About BOS B.O.S is a global provider of
RFID and Robotic systems and of Supply Chain solutions to
enterprises. BOS offers smart automation systems for industrial
processes, logistics and retail stores. The Company's Supply Chain
division provides electronic components mainly for the aerospace,
defense and other industries worldwide including electronic
components services of consolidation 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
StatementsThe 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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