BOS Intelligent Robotic Division Receives a $630,000 Order from an Israeli Customer
January 24 2022 - 8:30AM
BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:
BOSC) announced today that its Intelligent Robotic Division has
received a $630,000 order for an industrial robotics and automation
line, from an Israeli customer.
Eyal Cohen, BOS's CEO, stated: "This is a recurring order that
further supports our focus on sales in Israel, to customers with
ongoing extensive automation needs. We carefully choose the
projects we undertake in order to reduce the development risks
associated with custom made robotics and automation systems."
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 -
www.BOSSupplyChain.com.
- Integration – the RFID division
provides off-the-shelf software and equipment to track and manage
inventory in the production floor and warehouse –
www.BOSRFID.com.
- Development – the Intelligent
Robotics division develops and builds custom-made robotic cells for
the industrial and logistic processes – www.BOSROBOTICS.com.
Contact
Eyal Cohen, CEO+972-542525925 | eyalc@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 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 Intelligent Robotics business line), 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, the 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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