OMNIQ’S AI BASED MACHINE VISION SaaS SOLUTION “PERCS” TO BE DEPLOYED AT MERCY COLLEGE IN DOBBS FERRY, NEW YORK
June 15 2023 - 10:18AM
OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the
Company”), a provider of Artificial Intelligence (AI)-based
solutions, today announced that the Company is deploying its AI
enhanced SaaS parking and security solution, “PERCS” at Mercy
College in Dobbs Ferry, New York.
The omniQ PERCS™ system is a cloud-based
software and hardware solution designed to revolutionize parking
management. By leveraging omniQ's AI based Machine Vision Vehicle
Recognition System (VRS), PERCS™ transforms a vehicle's license
plate and other attributes like make and color into a convenient
virtual parking permit. With PERCS™, the hassle of hang tags and
stickers becomes a thing of the past.
This cutting-edge system provides a
comprehensive virtual permit system that empowers parking
administrators to manage their operations seamlessly from any
location. PERCS™ enables efficient user management, citation and
appeals processing, parking group and lot management, as well as
invoice generation. Additionally, it offers advanced features like
payment tracking, system audits, and a wide range of pre-designed
and customizable reports.
CEO Shai Lustgarten stated “We are delighted to
announce that Mercy College has chosen to implement our total
solution for their parking management operations. By adopting our
cloud-based SaaS offering, Mercy will gain complete control over
permit issuance, automated citation processes, and revenue
collection. Our system also ensures secure access control,
streamlines entry and exit procedures, and incorporates
cutting-edge kiosks that facilitate customer communication with the
parking administration.
As we continue to serve the growing parking
community, it has become evident that our technology and services
significantly enhance customer satisfaction and optimize parking
administration operations.”
This announcement follows the recent news that
omniQ has deployed its Machine Vision AI based patented propriety
technology to its 60th airport in the US. The list includes JFK,
EWR, MIA, DFW, LAX and many other large international airports.
omniQ’s system is based on Neural Network
algorithm developed by omniQ’s scientists and selected time after
time to serve strategic missions for public security, increasing
automation and improving quality of life in the most sensitive
areas of transportation. The company has its system deployed at the
borders in the most sensitive areas across the world including the
US and the Middle East.
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.
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:kkimball@omniq.com
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