OMNIQ Announces the Award of Approximately $4 Million Project from a Multinational Transport and Logistics Company .
May 16 2022 - 8:45AM
OMNIQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of
Supply Chain and Artificial Intelligence (AI)-based solutions,
announced today that it received an approx. $4 Million dollar
project from a major T&L Company, first delivery for $1.2 M is
expected to be supplied immediately and the balance of $2.8M during
Q2 and Q3 of 2022.
omniQ will supply Android-based rugged data
collection, computing and communication equipment to the customer’s
various locations across the United States. The 3PL (3rd Party
Logistics) customer has annual revenue of over $10 billion and more
than 10,000 employees. The multi-deploy agreement is valued at
approximately $4 million.
Shai Lustgarten CEO stated: “Once again we are
privileged to enjoy the trust and loyalty of one of the largest
T&L companies in the world positioning us as experts in
providing Supply Chain solutions. This customer joins leading
supermarket and retail chains, large Health care suppliers, Cities,
Governments, security agencies and other demanding customers that
rely on our solutions using state of the art technologies,
proprietary AI based solutions, successfully serving multiple
verticals”.
About OMNIQ Corp:
OMNIQ Corp. provides computerized and machine
vision image processing solutions that use patented and proprietary
AI technology to deliver data collection, real-time surveillance
and monitoring for supply chain management, homeland security,
public safety, traffic & parking management, and access control
applications. The technology and services provided by the Company
help clients move people, assets, and data safely and securely
through airports, warehouses, schools, national borders, and many
other applications and environments.
OMNIQ’s customers include government agencies
and leading Fortune 500 companies from several sectors, including
manufacturing, retail, distribution, food and beverage,
transportation and logistics, healthcare, and oil, gas, and
chemicals. Since 2014, annual revenues have grown to more than $50
million from clients in the USA and abroad.
The Company currently addresses several
billion-dollar markets, including the Global Safe City market,
forecast to grow to $29 billion by 2022, and the Ticketless Safe
Parking market, forecast to grow to $5.2 billion by 2023. For more
information please visit www.omniq.com.
Contact:
Corporate ContactKoko Kimball (385) 758-9241IR@omniq.com
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