OMNIQ SECURES CONTRACT FOR A MAJOR U.S. OWNED RESTAURANT CHAIN FOR OMNIQ’S FINTECH-BASED SELF-ORDERING PLATFORM
March 18 2024 - 8:45AM
OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a leader in
cutting-edge technological solutions and equipment for the
hospitality industry, is thrilled to announce a landmark contract
with a renowned American hamburger chain. This collaboration marks
a significant milestone as the company ventures into the Israeli
market, with its first branch now open in Tel Aviv.
The contract signifies the beginning of a
strategic partnership, with plans to equip four more branches
within Israel by the end of this year. This endeavor not only
underscores OMNIQ’s pivotal role in enhancing the dining experience
but also its commitment to innovation and quality.
Under this agreement, OMNIQ will furnish the
restaurant's Israeli branches with full OMNIQ equipment,
integrating state-of-the-art computer systems designed for the
Kitchen Display System (KDS). This technology streamlines kitchen
operations, ensuring orders are prepared efficiently and
accurately, enhancing customer satisfaction.
Additionally, OMNIQ will introduce new, special
Fintech self-order compact kiosks to these Israeli outlets. These
kiosks are designed to optimize the ordering process, allowing
customers to place orders conveniently, thus reducing wait times
and improving the overall dining experience.
"We are honored to partner with them as they
expand into the Israeli market," said Shai Lustgarten, CEO, OMNIQ.
"This partnership aligns with our mission to deliver innovative
solutions that drive efficiency and enhance the customer
experience. We are excited to see how our technology will support
their growth and success in Israel."
The restaurant’s decision to collaborate with
OMNIQ illustrates a shared commitment to enhancing the dining
experience through technology. It signifies a mutual recognition of
the potential to set new standards in the industry and contribute
to the evolution of global dining practices.
About OMNIQ Corp.
OMNIQ Corp. specializes in cutting-edge
computerized and machine vision image processing technologies,
underpinned by its proprietary and patented artificial intelligence
developments. The company offers a comprehensive suite of services
including advanced data collection systems, as well as real-time
surveillance and monitoring solutions for a variety of industries
such as supply chain management, homeland security, public safety,
and traffic and parking management. OMNIQ Corp.'s solutions are
meticulously crafted to enhance security and efficiency in the
movement of people, assets, and data within critical
infrastructures like airports, warehouses, and borders.
OMNIQ Corp. caters to a diverse client base,
including governmental bodies and prominent Fortune 500 companies
across sectors—ranging from manufacturing and retail to healthcare,
distribution, transportation, logistics, and the food and beverage
industry, along with the oil, gas, and chemical industries.
Organizations leveraging OMNIQ Corp.’s advanced technologies gain
superior control over their operational complexities, thereby
achieving greater operational efficacy.
The company is actively working in industries
that are quickly growing, such as the Global Safe City market
expected to reach $67.1 billion by 2028, the smart parking sector
forecasted to grow to $16.4 billion by 2030, and the fast-casual
restaurant industry, projected to expand to $209 billion by 2027.
These engagements underscore OMNIQ Corp.'s strategic commitment to
industries increasingly reliant on advanced AI technology
solutions.
For more information, please visit www.OMNIQ.com.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, particularly under Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements outline anticipated future events,
economic conditions, and financial results, relying on current
expectations and forecasts rather than historical realities.
Forward-looking statements, identifiable by
words such as "anticipate," "expect," "may," "believe," and similar
terms, are not assurances of future performance but reflections of
management’s present views on potential future events. These
predictions are subject to various risks and uncertainties that
could cause a significant deviation in actual outcomes from those
suggested or implied. Key factors include changes in product
demand, the rollout of new products, the maintenance of key
business and strategic partnerships, competitive challenges, market
growth, financial stability, debt handling, and the successful
integration of acquisitions.
This release’s specific forward-looking
statements include projections about financial maneuvers, revenue
enhancement, and operational betterment. For a comprehensive
analysis of risks and uncertainties that might impact OMNIQ Corp.'s
projected achievements, refer to our latest submissions to the
Securities and Exchange Commission at https://www.sec.gov. OMNIQ
Corp. reserves the right to update these forward-looking statements
as necessitated by law.
Contact Info:IR@OMNIQ.com
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