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OMNIQ Corp. Announces $3.5-Million Expanded Project with a Multi-billion Dollar Global Metal Solutions Provider

  • Achieving record of over $17 Million Dollars in new orders since January 1, 2021
  • Original $1.8 Million Order Doubles in Five-Months
  • Project includes supply of mobile devices, software and services for the implementation of an advanced logistics program for product deliveries

SALT LAKE CITY, Feb. 24, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced an expanded project with a total value of approximately $3.5 million from a global metal solutions provider and one of the largest metals services company in North America. The original project was announced in September 2020, and the customer has now chosen to implement an upgraded solution.

The customer serves over 100,000 of its own customers through over 300 locations in the U.S. and operations in over a dozen countries. The company will use the hardware, software and services from OMNIQ for the implementation of a new logistics program that enhances the dissemination of information to their own customers about product deliveries. With a strong focus on improving efficiencies and quick delivery, the advanced logistics initiative will provide their customers with real-time updates on deliveries of orders, as well as telematics information from the delivery trucks.

“We are excited with the beginning of our 2021 fiscal year, achieving over $17 million of new orders since January 1st and to provide an upgraded solution to meet our customer’s computing needs supporting strategic efforts in achieving operational efficiency,” said Shai Lustgarten, President and CEO of OMNIQ. “While we are always delighted to bring on new clients, we enjoy getting deeper and wider with our customer base of industry leading enterprises.”

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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.

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.

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 http://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.

Investor Contact:

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com 

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

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omniQ’s Proprietary AI Based Vehicle Recognition Systems Selected for Urban Traffic Management and Regulation Enforcement Projects

  • omniQ’s patented Neural Network algorithms HOV Traffic Management product was approved to advance to the next phase of the pilot – the Operational Phase.
  • Public transportation and High Occupancy Vehicle lanes are essential in the effort to resolve traffic congestion which plagues all major cities
    • Drivers in New York spent 91 peak hours stuck in traffic.
    • Traffic congestion costs an average $100 billion over five years.
    • However, Studies have shown that 80% of the vehicles in unmonitored High Occupancy Vehicle (HOV) lanes are in violation of the law.
  • omniQ’s HOV Developed AI based solution achieves quicker traffic flow saving time and money.

SALT LAKE CITY, Feb 17, 2021 (GLOBE NEWSWIRE via COMTEX) — SALT LAKE CITY, Feb. 17, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), an object identification company and provider of Artificial Intelligence (AI) and IoT-based solutions, today announced that the Company has been selected to advance to the Operational Phase of the Pilot. omniQ’s Innovative technology is geared for urban traffic enforcement along exclusive lanes – public transportation and high-occupancy vehicle (HOV) lanes. omniQ’s technology addresses a severe problem as a global traffic survey (in 2017) points out, drivers in New York spent 91 peak hours stuck in traffic. This traffic congestion will cost an average of $100 billion over the next five years.

Both public transportation and HOV lanes are regulated exclusive lanes, commonly used by Urban planners in an effort to resolve traffic congestion which plagues all major cities. However, a regulatory system must be enforceable. omniQ is providing solutions for an effective automated enforcement.

The systems, based on state-of-the-art imaging recognition units, will be deployed along public transportation lanes leading to the city and along central streets in the city center and neighboring communities. The system shall recognize the registration of the vehicle and its type. Violators of bus exclusive lanes will be detected and reported to a central command and control center. This will deter the abuse of the public transportation infrastructure, increase its efficiency, reduce travel times, thus leading to an increase in the number of passengers and the shift from private cars to buses.

For a second aspect of privileged lane enforcement, omniQ is testing its newly developed system for High Occupancy Vehicle (HOV) lanes. The patent-pending system employs special imaging units and deep-learning analytics to count the number of occupants for restricted lanes. The system shall report the vehicle registration and the number of its occupants. Single driver violators will be reported and fined. It will reduce the abuse of the exclusive lanes, increase their efficiency, thus encouraging shared driving and reduce the load from saturated highways. There is growing demand for global vehicle occupancy detection systems, anticipated to exceed market value of approximately $180 million through 2030.

“Smart Cities mainly rely on Traffic Management infrastructure and enforcement. omniQ is determined to be a significant player in this field, providing innovative product infrastructure to address the needs of Smart Cities. Our commitment to improve traffic flow, by employing novel technologies in a diversity of mobility projects, increases the efficiency of urban transportation,” said Shai Lustgarten, CEO of omniQ. “This encouraging development is another step forward for our solutions offering to urban traffic enforcement and is in line with our continuing penetration of our services offered to a broad range of applications and used by institutions, government agencies and municipalities worldwide.”

omniQ’s AI-based machine vision VRS solution uses its patented Neural Network algorithm imitating the human brain for pattern recognition and decision taking. More than 17,000 omniQ’s machine vision cameras are installed worldwide including approximately 7,000 in the US. The Company’s proprietary technology consists of hardware and software components to create touchless and intelligent traffic operations.

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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.

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.

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

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OMNIQ’s Q Shield™️ awarded with its AI-Based Machine Vision Solution for a Critical Homeland Security Project in a Sensitive Zone outside the US.

  • Q Shield™️ selected due to its superior “battle proven”performance.
  • Winning features include patented make and color recognition combined with outstanding accurate License Plate Recognition (VRS including LPR).
  • Awarded project, located in one of the most sensitive spots worldwide, designed for Terror Prevention.
  • OMNIQ already deployed over 17,000 AI based sensors worldwide enabling superior Deep Learning for accuracy and performance.

SALT LAKE CITY, Feb. 16, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that the Company has received an order to provide its Q Shield™️, AI-based machine vision safety solution to a top, defense authority for the prevention of terror attacks in a sensitive zone outside the US.

The project includes the deployment of hundreds of Q Shield’s™️ AI based sensors and software with powerful computers to provide vital real time performance. OMNIQ’s Q Shield™️ safety system is a ground-breaking cloud and/or on-premises-based security solution for Homeland Security, Safe City and Safe Campus applications that uses unique, patented AI-based computer vision technology and software to gather real-time data in order to monitor & control access, provide intelligence, and prevent crimes and acts of hostility. OMNIQ’s algorithm is based on ground breaking neural network model complimented by machine learning, having deployed over 17,000 cameras and capturing millions of cars enabling OMNIQ to provide superior performance and accurate identification of characters and objects.

“Our selection, based on unique – proven features, is likely the strongest and most important vote of confidence in the performance of our highly sophisticated solution, that we have ever received. We are fulfilling this order with the highest level of pride and responsibility,” said Shai Lustgarten, CEO of OMNIQ. “We can proudly say, that today, Q Shield™️ is deployed in some of the most sensitive regions of the world and have been proven as an essential tool in crime and terror prevention as well as in identifying and capturing criminals and offenders preventing the act of terrorism and saving lives. We provide critical notifications and intelligence to homeland security organizations based on the most sophisticated AI and machine learning technology.“

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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.

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 http://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.

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

Categories
Blog

OMNIQ Receives $2.1 Million Purchase Order for Software Solution for Data & IoT device management, From a Fortune 100 Retailer

  • Achieves a record of over $15 million in new orders since January 1st, 2021.
  • Marks strong demand for OMNIQ’s solutions enabling automation and increasing efficiencies.
  • System Enables managing all the IoT devices with Remote view and cloud base analytics.

OMNIQ’s supply chain solutions generated a record of new orders during the first 40 days of 2021.

SALT LAKE CITY– Feb 11, 2021. (Globe Newswire) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that it has received a purchase order with a value of approximately $2.1 million from a Fortune 100 retailer for the supply of Software Solutions for Data and IoT device, management enabling automation & efficiencies throughout all the supply chain levels of the customer.

“Positive momentum continues,  achieving record new orders of more than $15 Million in just over a month into 2021. We’re growing faster than any equivalent period in the history of our company. This unprecedented growth is the result of both new client wins, and repeat business with our esteemed customer base of many Fortune 500 companies including some of the largest retail companies in the U.S. We are proud to provide OMNIQ technology, hardware and software to support their supply chain operations,” said Shai Lustgarten, CEO of OMNIQ.

OMNIQ’s suite of supply chain mobility solutions include advanced mobile technologies that are transforming the way businesses operate by automating the proccess and eliminating manual and paper-based processes that cause delays in operation and losses. OMNIQ’s Solutions provide the tracking all the IoT devices, managing applications and content, all while keeping devices and data, safe and secured. The systems provide a more “contactless” approach to the customer’s retail and logistics operations, and will be integrated with the corporate automated services.

Mr. Lustgarten  continued “Our extraordinary growth is also a testament to the quality and dependability of our solutions in accurately capturing data for quick and accurate services. In addition to increasing retail workforce productivity and operational efficiency, our solutions help reduce potential health risks especially during this time of pandemic, where hands-free supply chain solutions that enable contactless handling of goods from the warehouse to the supermarket aisles, protecting employees and customers.  I am thrilled with these achievements created by our devoted employees and sales team as our solutions are receiving massive demand across many industries, including healthcare, retail, transportation and logistics, safe city and parking management, as organizations continue to apply COVID-19 safety measures.”

About OMNIQ Corp.

OMNIQ Corp. (OTCQB: 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.

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 http://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.

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

Categories
Blog

OMNIQ’s Q Shield™ AI-Based Vehicle Recognition Technology Selected in Georgia to Crack Down on Crime and Enforce Uninsured and Registration Violations

  • There are approximately 36 million uninsured vehicles traversing our nation’s roads every day
  • States are losing millions of dollars from unregistered vehicles on the road
  • Business model based on a recurring revenue share
  • OMNIQ’s Q Shield™ “battle proven” “Safe City” systems are deployed in sensitive areas around the world preventing terror and crimes.
  • Company provides machine vision solutions to empower safe and smart cities
  • Solution will assist city to identify and issue citations for insurance and registration violations and issue timely information and alerts to local Police departments for vehicles on a law enforcement wanted list or involved in criminal activity

SALT LAKE CITY, Feb. 05, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that the Company has been selected by a city in the state of Georgia to deploy its Q Shield™ vehicle recognition systems (VRS) technology to identify any vehicle driving through city which is uninsured or in violation of its registration requirements. Q Shield™ addresses a problem in Georgia that is endemic across the United States, that approximately 36 million uninsured vehicles are traversing our nation’s roads every day and states are losing millions of dollars from unregistered vehicles on the road.

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 provided by thousands of sensors already deployed.

OMNIQ’s “Battle Proven” AI-based Machine Vision systems are installed in over 30 airports in the US, including JFK, La Guardia, LAX, Miami and many others, as well as in sensitive areas worldwide, for Safe City/Security purposes.

“When a vehicle that does not have the required liability coverage or is in violation of the vehicle registration requirements passes Q Shield’s™ sensors, deployed throughout the city, in real-time OMNIQ’s Q Shield™ system triggers a ‘notice of violation’ which will be mailed to the vehicle’s registered owner,” said Sandy Mayer VP Sales and Marketing OMNIQ Vision.

“For this phase of the program, Q Shield™, OMNIQ’s VRS solution will be installed in several key intersections throughout the city to efficiently and accurately capture vehicle data, including license plate number, color, make, and model. Q Shield’s™ technology will also be used to provide local law enforcement with timely alerts for any vehicle on a federal, state, and local law enforcement wanted list in addition to enforcing the traffic violations above,” said Sandy Mayer.

“We are excited to provide our machine vision VRS technology to benefit the citizens of the city and assist the city’s local Police Department,” said Shai Lustgarten, CEO of OMNIQ.

“Despite their usefulness in helping police solve crimes, automatic license plate and vehicle recognition (VRS) solutions are often beyond the reach of many smaller municipalities. The cost of a such needed, especially in today’s environment, efficient solution, can often exceed budgetary limits. We are proud with our Q Shield™ product, deployed and a major player in terror prevention for governments, around the world, now available and affordable to protect all citizens anywhere,” said Shai Lustgarten.

“Municipalities now are able to join our program which thanks to the revenues generated through Q Shield’s™ offering, and a unique pricing model introduced by OMNIQ, we are delighted to be able to overcome those hurdles that prevent municipalities today, from getting their citizens the security, safety and services they deserve,” said Mr. Lustgarten.

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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.

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.

Investor Contact:
888-309-9994
IR@omniq.com

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

Categories
Blog

OMNIQ Receives $6.1 Million Purchase Agreement from Leading U.S. Food Distributor

  • Achieves a record of over $11.5 million new orders since January 1st, 2021
  • OMNIQ to provide IoT solutions for Covid 19 accelerated need to maximize efficiency, automation and touchless Supply Chain activities
  • Contract includes Technical Support Services and device management software

SALT LAKE CITY, Feb. 04, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has received an approximately $6.1 million purchase agreement from one of the largest food distributors in the U.S. and North America, with over $10 billion in annual revenue. The agreement calls for the supply of mobile computerized IoT equipment for thousands of trucks that deliver product in the US and Canada and is designed to collect, identify, track and trace assets as well as share and connect collected inventory data to the distributor’s internal IT system.

OMNIQ’s equipment enables the leading food distributor to deliver the correct product to the correct customer while eliminating the expense and inefficiency of old paper-based distribution methods. Benefits include better customer relationships by ensuring right deliveries; reduces disagreements and write-offs related to discrepancies. Delivery personnel are able to provide customers with flawless invoices on-site, which speed up order processing and payment. Tracking is provided which gives the customer real time insights into arrival times, further improving the bond with the distributor.

OMINQ’s loyal customer is a pioneer in implementing newest technologies in the supply chain operations as food distribution requires the higher standards of freshness, accuracy and care. The distinctive customer supplies food and related products to Healthcare entities like living facilities, long-term care, hospitals and other institutional healthcare programs, to Educational facilities like Colleges, Universities, K-12 Schools , as well as to restaurants, hotels, daycare centers, convenience stores, camps and churches, cruise ships, amusement parks, stadiums, large-scale sporting events and concerts, recreation centers, correctional facilities and more.

Shai Lustgarten, President & CEO at Quest, commented, “$11.5 million in new orders received in a little over 1 month, marks a great beginning of FY 2021 and demonstrates the strength of our business model. It also highlights how Covid 19 has accelerated the need to maximize efficiency, automation and touchless Supply Chain activities. We are proud to have been selected yet again to further optimize this customer’s operational efficiencies and believe this order proves the value of our comprehensive Hardware, Software and Technical support solutions. Our portfolio of mobility products, ranging from voice-picking headsets to barcode scanners, enables smarter decision-making through effective data collection and analysis. We look forward to continuing our relationship with customers of this pedigree, as we strengthen our offering with advanced AI-based technologies and machine-vision solutions.”

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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.

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 http://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.

Investor Contact:

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com 

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com 

Categories
Blog

Yesterday, Today, Tomorrow – License Plate Recognition

The LPR industry’s history is much longer than many people realize. It goes back to 1976 when it was invented at the Police Scientific Development Branch in Britain, initially for policing and security applications. The first commercial LPR systems began to be deployed in 1979 and the first mass deployment of LPR was the “Ring of Steel” for the City of London in 1993. Our predecessor company HTS, deployed one of the first LPR uses for parking management in Israel in 1995.

Credentialed vehicles will be able to enter and exit a facility in the most seamless/frictionless/quickest and accurate manner imaginable.

For approximately the next fifteen years, LPR technology continued to evolve, advance, and improve the recognition accuracy of the OCR generally performed using early neural net technology, which is the predecessor to today’s Artificial Intelligence (AI) revolution. Within the parking arena, most of the LPR deployments prior to 2010 were within the airport market and almost entirely in the Tier 1 airport locations or high-security access control. This was mainly due to cost per lane being much higher (2x+) than today, the volume of vehicles in inventory at the facility, cost per ticket or parker, and an increased volume and value of lost and switched tickets.

Approximately ten years ago, the technology evolution of utilizing much lower cost off the shelf CCTV cameras with rolling shutters versus global shutters for low-speed LPR along with IP video merged with computer vision algorithms. This drove commercial applications for LPR beyond the traditional policing, high security, and airport parking markets. Fast forward a decade and today, even with all the advances in technology, reduction in costs, and improvements in LPR accuracy, it is estimated that only about 10 percent of all paid parking lanes are deployed with LPR as either the main or secondary credential for ingress and egress. 

While this varies by state/city or market like airports, universities, municipalities there remains a tremendous opportunity for continued growth and expansion throughout the parking arena and further into many more core commercial types of garages and lots. Today, our organization has over 6,000 lanes of LPR deployed in the parking market, and although we also have deployments at 40 percent of the top 30 airports in the U.S. by passenger traffic, our growth and the industry are no longer reliant on the early adopters like airports for finding value in this technology. Most all LPR developers and manufacturers routinely achieve 95 percent and greater accuracy, and many times achieve 99 percent with the caveat of “machine-readable, non-exception license plates,” but we still are not a perfect 100 percent for all kinds of legitimate reasons.

While LPR fights for its position versus RFID, Proximity Readers, BLE, and app-based credentials, we envision a world where license plates remain relevant, accurate vehicle data is paramount, and the post-Covid demand for frictionless, ticketless customer experience is tantamount for success and repeat business. When compared to many of the credential options available now (all have limitations), LPR remains a tried and true technology that works not only for monthly/credential parkers but also for transients. It improves their experience with the facility, and the speed with which they can exit is incredibly quicker than with other credentials. 

Today, many of us in LPR development are utilizing the latest deep learning AI neural network models to train our LPR engines for optimum performance. However, the world is changing, and as our industry evolves most folks just expect LPR to work, do so reliably, and do it every time the same way. To that end, we continue to invest in providing loopless, gateless, gated, and free-flow based solutions with value-added vehicle data points beyond LPR. These include vehicle recognition of make, model, color, speed, direction, vehicle classification, and occupancy counting, to name a few. In the pre-Covid world, the major differentiators for LPR selection were “what is your accuracy and price?”

Tomorrow’s leaders in this space will certainly be close to the 100 percent holy grail of license plate reading accuracy, however, there will be a number of differentiators between what was traditional LPR and the newer trends of vehicle data-driven information. This includes the prior mention of vehicle make, model, color, direction, occupancy, classification, state jurisdiction, and, of course, the license plate credential. In marrying these data points together, even if one piece of the hypothetical string of “White, Mercedes, 350, ABC123, New York” is off by one component the relative certainty of a vehicle match is increased. This is inching us closer to the ultimate accuracy/performance variable. 

Dynamic pricing can be implemented based on vehicle classification of small car, large car, SUV or commercial vehicle. Credentialed vehicles will be able to enter and exit a facility in the most seamless/frictionless/quickest and accurate manner imaginable. It is always the last few percent of perfection that are difficult to achieve, and as an industry, we are at the cusp of that reality today. Also, just as important as the core technology chosen is the company you choose to keep company with. Look for an organization that is financially stable, owns the IP and patents for their technology, has the resources to move and fund the growing Hardware as a Service model for LPR, and has a team of people in support and development that you trust and can count on when an issue arises.

John Whiteman is an expert in License Plate Recognition for over ten years with HTS which is now omniQ VISION and currently is Executive Director of Sales-Parking and Mobility which is a division of omniQ. John can be reached at jwhiteman@omniq.com.

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OMNIQ Receives $1.0 Million Purchase Order for IoT “Contactless” Data Collection Solution From a Fortune 100 Retailer

OMNIQ’s supply chain solutions receiving broadened demand across many industries as organizations focus on efficiency, health and safety

  • Signs of strong beginning of 2021
  • Continuous solid demand for Automation and Touchless Solutions in Supply Chain Operations

SALT LAKE CITY, Jan. 08, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that it has received purchase orders with a total value of approximately $1.0 million from a Fortune 100 retailer for the supply of IoT solutions for “contactless” data collection and automation.

OMNIQ’s suite of supply chain mobility solutions, which includes rugged handheld mobile computers, 2D Scanners and barcode printers with fast and dependable wireless connection, enable quick and accurate data collection, tracking and processing for critical supermarket functions, such as shipping and receiving and inventory and warehouse management. These devices provide a more “contactless” approach to the customer’s retail and logistics operations, and will be integrated with the corporate automated services.

“Our customer is one of the largest retail companies in the U.S. and we are proud to provide the technology and hardware to support its supply chain operations,” said Shai Lustgarten, CEO of OMNIQ. “This is a testament to the quality and dependability of our products in accurately capturing data for quick and accurate services. In addition to increasing retail workforce productivity and operational efficiency, our solutions help reduce potential health risks especially during this time of pandemic, where hands-free supply chain solutions that enable contactless handling of produce and other food products from the warehouse to the supermarket aisles are valuable in protecting employees and customers. Our touchless solutions are receiving broadened demand across many industries, including healthcare, retail, transportation and logistics, and parking management, as organizations continue to apply COVID-19 safety measures.”

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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.

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 http://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.

Investor Contact:
888-309-9994
IR@omniq.com

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

Categories
Blog

OMNIQ Announces Partnership with Check Point Software Technologies on “ZoneAlarm” Cyber Security Solution

  • OMNIQ to offer Check Point’s ZoneAlarm mobile device security software to its Fortune 500 customers to cyber secure OMNIQ’s supply chain mobility solutions

SALT LAKE CITY, Dec. 29, 2020 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced a partnership with Check Point Software Technologies Ltd. (Nasdaq: CHKP) (“Check Point”), a leading provider of cyber security solutions globally, to offer Check Point’s ZoneAlarm security software in tandem with OMNIQ’s supply chain mobility solutions for its multi-industry customer base, including Fortune 500 companies.

Check Point is the largest pure-play cyber security vendor globally and provides leading-edge solutions to protect cloud, network and mobile device-held information of government and corporate enterprise customers from all types of cyber threats. With an industry-leading catch rate of malware, ransomware and other types of malicious attacks, its solutions include ZoneAlarm Mobile Security, a complete security solution for mobile devices that uses advanced enterprise-grade technology to protect tablets and smartphones from sophisticated cyber attacks.

OMNIQ’s suite of supply chain mobility solutions, which includes rugged handheld mobile computers, tablets, barcode readers and printers with fast and dependable wireless connection, enable quick and accurate data collection, tracking, processing and analysis for critical business functions, such as shipping and receiving and inventory and warehouse management. The inclusion of ZoneAlarm security software to OMNIQ’s solutions adds multiple layers of data protection for OMNIQ’s supply chain customers, through a powerful antivirus and firewall, anti-ransomware and anti-phishing capabilities, and multi-device compatibility for Android and iOS devices.

“We are delighted to join forces with OMNIQ and provide data security to their strong customer base,” said Dror Levy, Head of Consumer Sales at Check Point. “Check Point’s mission is to make critical data secure and reliable. We are pleased to offer OMNIQ’s customers a layer of protection against cyber attacks.”

“We are honored to partner with Check Point, the world leader in cyber security, in offering vital data security features to our existing Fortune 500 customers, as well as to new customers who are interested in our state-of-the-art mobile supply chain equipment now featuring the leading cyber security solution,” said Shai Lustgarten, CEO of OMNIQ. “Cyber security is a crucial consideration for all organizations. OMNIQ supplies to some of the largest organizations in the U.S. with thousands of sophisticated powerful tablets, and integrating ZoneAlarm protection with our equipment adds an essential feature to ensure more secure operations for our customers.”

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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.

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 http://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.

Investor Contact:
888-309-9994
IR@omniq.com

James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com

Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com

Categories
Blog

OMNIQ AI-Based Machine Vision Safety System Selected for Security and Protection of a Non-U.S. Government Leader

  • The security solution is an advanced application of artificial intelligence (AI) and machine vision technology
  • OMNIQ was selected due to its technology’s superior, real-time accuracy, and unique features
  • OMNIQ’s patented AI-based technology is trusted in highly sensitive locations

SALT LAKE CITY, Dec. 23, 2020 (GLOBE NEWSWIRE) — OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that the Company has received an order to provide its AI-based machine vision safety solution to a top, non-U.S., security authority for the protection of a government leader.

OMNIQ’s safety system is a ground-breaking cloud/on-premises-based security solution for Homeland Security, Safe City, and Safe Campus applications that use unique patented AI-based computer vision technology and software to gather real-time data in order to control access, provide intelligence, and prevent crimes and acts of hostility.

“Our selection is likely the strongest and most important vote of confidence in our technology we have ever received, and we are fulfilling this order with the highest level of pride and responsibility,” said Shai Lustgarten, CEO of OMNIQ. “Our safety systems are deployed in some of the most sensitive regions of the world and have been proven as an essential tool in crime and terror prevention as well as in identifying and capturing criminals and offenders more quickly. We provide critical intelligence to law enforcement and homeland security organizations based on the most sophisticated AI and machine learning technology.”

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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.

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 http://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.

Investor Contact:
888-309-9994
IR@omniq.com