BOS’ Intelligent Robotics Division Installs Robotic Palletizing Cells
July 25 2024 - 10:04AM
BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:
BOSC) Intelligent Robotics division has successfully installed
robotic palletizing cells for industrial and retail customers in
Israel.
Roee Ivgy, Head of the Intelligent Robotics
division, stated: "Palletizing is the process of orderly stacking
packages onto a pallet. Robotic palletizing automates the process,
saving time and costs of human labor. We have successfully
completed two installations for customers in both the industrial
and retail sectors, for a total consideration of $140,000. We look
forward to realizing the potential of robotic palletizing, catering
to the evolving needs of high-volume production facilities and
logistics centers."
About BOS
BOS leverages cutting-edge technologies to optimize
supply chain operations across three key divisions. The Intelligent
Robotics division streamlines industrial and logistics inventory
processes. The RFID division efficiently marks and tracks inventory
and the Supply Chain division effectively manages inventory
supply.
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, the effect of the war against the Hamas and
other terrorist organizations, 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.
For additional information, contact: Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com
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