omniQ Corp. (NASDAQ: OMQS) (“omniQ ” or “the Company”), a
provider of Artificial Intelligence (AI)-based technology solutions
to Supply Chain Automation, Parking, Security and self service
Kiosks announced that Professor Mina Teicher has been elected to
its Board of Directors.
Professor Mina Teicher is a world known
mathematician and the Chair of the largest brain research division
at Bar-Ilan University and has directed the German “Emmy Noether
Research Institute for Mathematics” at the Georg-August-Universität
Göttingen since 1999. She is the co-founder of the UNESCO Digital
campus for Complex Systems, has served as a member of the USA
President nominated think-tank for Ethics of Brain-Machine
Interface, as a member of the Executive Committee of the European
Math Society and as a member of Evaluation Committees of leading
research Institutes in Germany, Italy, Korea, and Japan.
Ms. Mina has also held many leadership roles in
academia and science, including serving as chief scientist of the
Israeli Ministry of Science and Technology, and chairing the
Board of Governors of the United States – Israel Binational
Science Foundation.
Shai Lustgarten, CEO commented “Mina brings a
wealth of knowledge and experience to the board of Omniq having
spent nearly 50 years embracing mathematics and technologies. Her
specialization in computer vision, cyber security and complex
societal systems combined with her roles in international
committees dealing with promoting R&D and the use of Artificial
Intelligence in machine vision, machine learning and Cyber
technology, make her a valuable addition. She also has spent
significant time on many boards specializing in Blockchain, Machine
Vision, Precision Medicine and e-learning, all of which will help
advance our companies growth plans. In addition, we are excited
about Mina’s drive to advance women’s roles in mathematics across
the globe as the former VP of the International Women Forum (IWF)
and we look forward to her future contribution to the board. I
would like to thank General (Ret) Itzhak Almog for his helpful and
devoted service”.
Professor Teicher was elected to the Board of
Directors in the Company’s Shareholders Meeting replacing General
(Ret) Itzhak Almog who did not seek reelection due to personal
reasons.
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)-758-9241 kkimball@omniq.com
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