omniQ ANNOUNCES a PURCHASE ORDER TO DEPLOY ITS AI- MACHINE VISION SOLUTION IN ITS 50th NORTH AMERICAN AIRPORT LOCATION
October 04 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
the Company has received a contract to deploy their AI enhanced
parking and security solution to its 50th Airport Location, Duluth
International (DLH).
CEO Shai Lustgarten stated “This marks an
important milestone for the Company and our team, as we are now
deploying our 50th Airport location with the addition of Duluth
International Airport (DLH). DLH joins the many locations depending
on OMNIQ to not only enhance the customer experience but also to
provide added security to the most sensitive locations within the
airport. We are thrilled to have DLH join the growing list of
airports including JFK, EWR, PHL, ATL, MIA, DFW and LAX just to
mention a few. This is yet another example of how our technology is
playing a critical role in helping to keep our citizens safe while
improving their experience and at the same time, helping the
airport with enhanced revenue management.”
OMNIQ’s latest AI based vehicle recognition
system consisting of fixed sensor License Plate Recognition (LPR)
along with mobile and handheld Machine Vision technology provides a
frictionless enhanced experience for airport customers. The
technology improves the customer experience with touchless entry
and exit, increased speeds and assistance with lost vehicle
location. The system also provides the airport with more accurate
revenue calculations and enhanced security throughout the
facility.
omniQ’s machine vision AI based solution is
capable of recognizing the license plate number, the color of the
car and the model along with state jurisdiction. The technology is
widely used for terror prevention in sensitive zones in the Middle
East, and for law enforcement and crime prevention in several
cities in the US, South America and Asia. Recently, the Company
announced the penetration to retail markets like Drive Through
Restaurants, Retail Shops and Gas Stations.
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.
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 and the
fast casual restaurant sector expected to reach $209 billion by
2027.
For more information please
visit www.omniq.com.
Information about Forward-Looking
Statements
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995. Statements in this press
release relating to plans, strategies, economic performance and
trends, projections of results of specific activities or
investments, and other statements that are not descriptions of
historical facts may be forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934.
This release contains “forward-looking
statements” that include information relating to future events and
future financial and operating performance. The words “anticipate”,
“may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,”
“potential” and similar expressions and variations thereof are
intended to identify forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results, and will not necessarily be accurate indications of the
times at, or by, which that performance or those results will be
achieved. Forward-looking statements are based on information
available at the time they are made and/or management’s good faith
belief as of that time with respect to future events, and are
subject to risks and uncertainties that could cause actual
performance or results to differ materially from those expressed in
or suggested by the forward-looking statements. Examples of
forward-looking statements include, among others, statements made
in this press release regarding the closing of the private
placement and the use of proceeds received in the private
placement. Important factors that could cause these differences
include, but are not limited to: fluctuations in demand for the
Company’s products particularly during the current health crisis,
the introduction of new products, the Company’s ability to maintain
customer and strategic business relationships, the impact of
competitive products and pricing, growth in targeted markets, the
adequacy of the Company’s liquidity and financial strength to
support its growth, the Company’s ability to manage credit and debt
structures from vendors, debt holders and secured lenders, the
Company’s ability to successfully integrate its acquisitions, and
other information that may be detailed from time-to-time in OMNIQ
Corp.’s filings with the United States Securities and Exchange
Commission. Examples of such forward looking statements in this
release include, among others, statements regarding revenue growth,
driving sales, operational and financial initiatives, cost
reduction and profitability, and simplification of operations. For
a more detailed description of the risk factors and uncertainties
affecting OMNIQ Corp., please refer to the Company’s recent
Securities and Exchange Commission filings, which are available
at https://www.sec.gov. OMNIQ Corp. undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
unless otherwise required by law.
Contact: IR ContactKoko
Kimball385-758-9241
OMNIQ (NASDAQ:OMQS)
Historical Stock Chart
From Jul 2024 to Jul 2024
OMNIQ (NASDAQ:OMQS)
Historical Stock Chart
From Jul 2023 to Jul 2024