omniQ Awarded an Approximately $11 Million Supply Agreement from the Government of Israel
June 08 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 Dangot Computers Ltd, its fully owned
subsidiary received an approximately $11 Million dollar Supply
Agreement from the Government of Israel.
omniQ will supply IoT equipment, consumables,
and technical services to the Government’s various Ministries for
the next 5 years. Recurring revenue represent approximately 50% of
the agreement.
The Government of Israel and its agencies are
important customers of the Company for a wide variety of solutions:
omniQ’s Artificial Intelligence machine vision products for
security, Computerized medical Carts for hospitals, and automation
IoT products for different ministries and government agencies. The
Israeli market is sophisticated and technology rich and as such
generates the need for innovative and unique solutions which omniQ
offers.
Shai Lustgarten CEO stated: “Once again, we are
privileged to enjoy a relationship of trust and loyalty with one of
the most demanding governments in the world, further positioning us
as a leader in providing IoT, automation, and AI-based solutions.
The Government of Israel joins a growing list of leading
supermarket and retail chains in the US and Israel, large Health
care suppliers, Cities, security agencies and other Fortune 500
demanding customers that rely on our solutions using state of the
art technologies, proprietary AI based solutions, successfully
serving multiple verticals. With our product offerings and the
strong customer base, we expect continuous growth going
forward”.
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 Contact
Koko Kimball
(385) 758-9241
IR@omniq.com
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