OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the
“Company”), a provider of Artificial Intelligence (AI)-based
solutions, announced today that it has partnered with TripShot, a
leading transportation demand management (TDM) solution company to
provide a unique frictionless parking solution for a major US
technology company.
The innovative collaboration with TripShot’s TDM
solution combined with omniQ’s Machine Vision technologies
including the Vehicle Recognition System (VRS) takes innovative
access control solutions and elevates the experience of commuters
and campus parking management professionals.
The partnership will provide a seamless delivery
of real-time occupancy information to campus parking managers via
QR-based or VRSL-based access control systems. Through the TripShot
app, commuters can easily procure a QR-code, scan it at the parking
gate arm and begin or conclude a parking reservation. This process
optimizes parking space utilization and supports commuters with a
new level of convenience
Shai Lustgarten, CEO of omniQ stated “We are
honored to partner with TripShot as we coordinate to offer the most
unique solution on the market today. TripShot brings a pristine
reputation of success servicing Fortune 100 companies and a unique
product offering. Our combined experience places us in a position
of strength to continue to deliver the most innovative products in
the market. In addition to providing this capability to one of the
most recognizable technology companies in the world, our work
involved the integration into a global leading CRM software
company. Our new customer will rely on omniQ’s software data, and
the CRM platform, which will allow the customer to track, monitor,
and manage its operations. This innovative technology will be
available to corporate campuses and parking facilities globally,
making it easier for drivers to seamlessly secure parking anywhere
a parking structure is located.“
“We are excited to partner with OmniQ to support
a global tech company’s campuses,” said Patrick Le, Co-Founder and
Chief Product and Strategy Officer at TripShot. “Our mutual
commitment to customer satisfaction and innovation results in
solutions that make using and managing campus parking even easier.
This partnership will grow as we continue to expand solutions with
other leading companies, universities and more.”
This integration is another step towards a more
seamless campus transportation experience during a time of hybrid
work and rapidly changing commuting trends. TripShot and OmniQ will
continue to grow their partnership to enhance campus TDM and access
control technology.
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 $67.1 billion by 2028, and the Ticketless Safe
Parking market, forecast to grow to $33.5 billion by 2032 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 Info:IR@omniq.com
About TripShot
TripShot is a mobility technology platform that
helps transit programs of all sizes—from private company shuttles
and campus connectors to universities and public transit
agencies—run safely, efficiently and competitively. Founded in
2014, TripShot has grown by serving Fortune 100 companies and
building a range of intelligent features for some of the largest
private transit networks in the world. TripShot replaces old
complex commuter and fleet management systems, by providing a
cutting-edge all-in-one platform with the tools managers need to
run operations that build driver and rider confidence. Platform
solutions include Fixed Route, On Demand Transportation, CAD/AVL,
GTFS-RT, Capacity Management, Reservations, Parking and Digital
Wallet. Visit TripShot.com to learn more.
Media Contact
Danny Drees216-372-6209ddrees@tripshot.com
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