BOS’ Supply Chain Division Receives Following-on Orders from the United Arab Emirates
December 28 2021 - 3:12AM
BOS Better Online Solutions Ltd. (“BOS” or the “Company”)
(NASDAQ: BOSC), announced today that its Supply Chain Division
has received additional orders for electronic components from a
United Arab Emirates customer. The orders, in the total amount of
$150,000, are for delivery through the year 2022. These orders
follow the initial order of $180,000 received from this customer,
which we announced at the beginning of the year.
Avidan Zelicovski, BOS’ President, stated: “I am very pleased
with the progress we have been making in the United Arab Emirates’
market. It is a new territory for us and has potential to grow our
business.”
About BOS:
BOS provides services and systems for inventory production and
management in three channels:
· Services – The Supply Chain division provides inventory
procurement and kitting.
· Integration – the RFID division provides off-the-shelf
software and equipment to track and manage inventory in the
production floor and warehouse.
· Development – the Intelligent Robotics division develops and
builds custom-made robotic cells for the industrial and logistic
processes.
Contact:Eyal Cohen, CEO+972-542525925
| eyalc@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 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, failure to successfully integrate and achieve
the potential benefits of the acquisition of the business
operations of Imdecol Ltd. (the Robotics business line), 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, the impact of the COVID-19
virus 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 US 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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