• Second significant purchase order received within one week
Salt Lake City, UT, March 23, 2020 – OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, received a purchase order valued at $1.5 million from one of the largest U.S. supermarket chains for the supply of mobile data collection, computing and communication equipment.
The rugged handheld mobile computers are designed to enhance the productivity of the retail workforce by providing the ability to scan inventory and to track data using integrated features through a handheld device. The industrial-designed device improves logistics efficiencies by enabling quick and accurate control of data collection, shipping/receiving and inventory management.
Shai Lustgarten, President and CEO of OMNIQ, stated, “We’re pleased to announce the receipt of this significant order from a retail grocery customer, just a few days after our announcement of a $1.4M order from a leading trucking company. This follow-on order from a valued partner in the retail space demonstrates our customers’ commitment to adapting new technologies to serve their own customers in different and innovative ways. We have built a leadership position providing sophisticated technology and effective solutions and view this order as a validation of the value our solutions contribute to the operational capabilities of our customers. We are seeing increased marketplace demand for effective handheld tools to drive supply chain efficiencies and we believe our partnerships and proven reputation as a provider of high-end, rugged computing equipment will continue to result in more opportunities to strengthen our business.”
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
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John Nesbett/Jen Belodeau
IMS Investor Relations