OMNIQ Named a Total Solution Partner for One of The Largest Global Leaders in Enterprise Asset Intelligence for Robotics Supply Chain Management.
October 17 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 been
named a Total Solution Partner for one of the Largest Global
Leaders in Enterprise Asset Intelligence. OMNIQ’s comprehensive
offering will be utilized for manufacturing, fulfilment and
distribution solutions. The company, together with their partner
allows for quick decision making with easy-to-use robotics
management software delivering a fully automated warehouse.
OMNIQ’s CEO, Shai Lustgarten commented “We are
proud to be selected as one of the few Total Technology Solution
Partners. The opportunity to expand our existing relationship and
ongoing business in the coming quarters is yet another example of
how OMNIQ’s state of the art, AI enhanced software and hardware
products are critical in improving the offerings of the world’s
largest companies”.
The partnership fills a critical role in the go
to market solutions offered to major companies around the world who
continually rely on OMNIQ to solve challenging problems. By
utilizing robotics and warehouse automation OMNIQ’s solutions can
be used to optimize picking in fulfillment and distribution
centers, aid in just-in-time material delivery in manufacturing
facilities and automating manual material movement.
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 $79 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.
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
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