OMNIQ AWARDED A $29 MILLION DOLLAR PROJECT BY A FORTUNE 100 COMPANY
June 13 2022 - 8:45AM
OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider
of Supply Chain and Artificial Intelligence (AI)-based solutions,
today announced that it has received a purchase order with a total
value of $29 million from a fortune 100 company with 70+ billion in
annual revenue, hundreds of locations globally with more than
10,000 employees.
The purchase order is for a vast upgrade from
legacy windows equipment to updated android based technology
platform & devices and is to be used to enhance inventory
management and reorder processes.
In supermarket functions like shipping and
receiving, inventory control, and warehouse management, OMNIQ's
supply chain mobility IoT solutions, including rugged handheld
mobile computers, barcode scanners, and wireless connections,
enable quick and accurate data collection, tracking, and
processing. These devices provide a "contactless" approach to
customer retail operations and are designed to integrate with
corporate automated services.
“We are always humbled and honored to receive
large orders like this one, although, we are not surprised as we
consistently demonstrate our solution focused approach to everyday
problems that corporations large and small experience on a daily
basis. The reputation of trust and loyalty we have earned
throughout the industry is no doubt connected to our company’s
value driven culture accompanied by our commitment to provide the
latest technologies at the best price point. As we continue to
strive for excellence, it is reflected in our record breaking
backlog. This is only the beginning for omniQ, we are a strong
company with a solid customer base and superior products and
solutions that can bring us to new spheres in sales and
profitability. I believe that these days our strategy pays off and
we look forward to continuing this momentum.” Shai Lustgarten,
CEO.
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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