BOS’ Intelligent Robotics Division Receives a $300,000 Order from an Israeli Customer
June 02 2022 - 9:15AM
BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:
BOSC) announced today that its Intelligent Robotics Division had
received a $300,000 order.
Eyal Cohen, BOS's CEO, stated: "This order from an existing
customer demonstrates the clear added value of our Robotics systems
to industrial automation. We focus on recurring sales to existing
customers and also target new customers with ongoing extensive
automation needs. We carefully choose the projects we undertake in
order to reduce the development risks inherent to 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
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) and Dagesh
Inventory Counting and Maintenance Ltd., 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,
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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