OMNIQ’S Q SHIELD™ AI-BASED SAFE CITY SYSTEM, SELECTED BY TWO ADDITIONAL CITIES TO COMBAT CRIME AND ENFORCE TRAFFIC VIOLATIONS IN BROOKLET, GA AND ELLSWORTH, IA. RESULTING IN 14 ACTIVE CITY DEPLOYMENTS.
November 17 2022 - 8:45AM
OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a
provider of Artificial Intelligence (AI)-based solutions and supply
chain management, today announced that the Company has been
selected by the Cities of Brooklet, Georgia and Ellsworth, Iowa, to
deploy its Q Shield vehicle recognition systems (VRS) technology
and its cloud based citation management platform. This technology
identifies any vehicle driving through the city which is on a
National Crime Information Center (NCIC) data base or the cities’
local Bureau of Investigations Database and cites violators who
drive through the city with outstanding traffic violations, as well
as other alerts such as unregistered vehicles.
Q Shield, OMNIQ’s AI-based machine vision VRS
solution uses patented Neural Network algorithms that imitate human
brains for pattern recognition and decision-making. More than
17,000 OMNIQ AI based machine vision sensors are installed
worldwide, including approximately 7,000 in the U.S. Based on
superior accuracy and patented features like identification of make
and color combined with superior accuracy based on the
sophisticated algorithm and machine learning that largely depends
on accumulated data provided by thousands of sensors already
deployed.
Shai Lustgarten, CEO commented “Following our
initial success with the City of Adrian, GA our first Q Shield
deployment, we have seen significant interest in our solution. This
success produced a rapid adoption of 12 cities utilizing Q-Shield
in less than a year. We are honored to be selected by the Cities of
Brooklet, GA and Ellsworth IA, bringing our number of deployed
cities to 14. We look forward to improving the everyday lives of
the local citizens by creating safer cities with an unbiased
approach. Our core strategy for Q Shield remains to take care of
today’s problems while preventing tomorrow’s disasters.”
About omniQ Corp.
omniQ Corp. (Nasdaq: OMQS) 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. 14 Safe city active
deployments.
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, 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. 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.
Koko Kimball(385)-758-9241kkimball@omniq.com
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