OMNIQ Awarded a $4.1 MILLION Project for Supply Chain Advanced Equipment from a FORTUNE 50 COMPANY
July 21 2022 - 6:45AM
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 value
of $4.1 million from a fortune 50 company.
The purchase order is for the newest technology
that will be used in their mega logistic centers, improving complex
supply chain operations by upgrading warehouse data collection
equipment for a modernized approach with Android operating Systems
and the latest security software.
In Logistic Centers, shipping and receiving,
inventory control and warehouse management, are the major
challenges. OMNIQ's supply chain mobility IoT solutions are
instrumental in achieving higher efficiencies, on time delivery and
inventory management.
Shai Lustgarten, CEO. Commented: “Our team takes
pride in being chosen by leading corporations time and time again
to supply critical equipment to their operations. This vote of
confidence attests more than anything about the quality of our
solutions and the high level of services that we provide to some of
the most demanding customers in the USA. On our AI based Q Shield
solutions, we recently announced our cooperation with several
Police authorities and Municipalities that are successfully using
our patented AI based solutions for public safety and law
enforcement. We can clearly say that our system is contributing to
life saving almost on a daily basis and is gaining growing interest
and a backlog of orders.”
Shai concluded: “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 is being shown to pay off and we look
forward to continuing this momentum.”
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, 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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