BOS Starts 2025 Growth Plans with a New $2.3 Million Defense Related Order
February 03 2025 - 8:00AM
BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:
BOSC), an integrator of supply chain technologies, announced today
that its Supply Chain division has secured a new $2.3 million order
from one of its primary customers in the defense sector. The order
is for delivery by the first half of year 2025.
Avidan Zelicovski, BOS President, said: “BOS is increasingly
recognized as a trusted partner to both our primary customers and
their subcontractors worldwide. This newest contract award reflects
our continued success in supporting our primary customer base and
capitalizing on the substantially increased defense budgets. We
expect to secure additional contracts throughout 2025 as we
continue to expand our business activities and global defense
spending continues to rise.”
About BOS Better Online Solutions Ltd.BOS
integrates cutting-edge technologies to streamline and enhance
supply chain operations across three specialized divisions:
- Intelligent
Robotics Division: Automates industrial and logistics
inventory processes through advanced robotics technologies,
improving efficiency and precision.
- RFID
Division: Optimizes inventory management with
state-of-the-art solutions for marking and tracking, ensuring
real-time visibility and control.
- Supply Chain
Division: Integrates franchised components directly into
customer products, meeting their evolving needs for developing
cutting-edge products.
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:
Matt Kreps, Managing DirectorDarrow
Associates+1-214-597-8200mkreps@darrowir.com
Eyal Cohen, CEO+972-542525925 eyalc@boscom.com
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