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- OMNIQ has received orders of over $ 13 million from the same leading grocer since February 2021
- A customer with annual sales exceeding $ 11 billion supplies products to more than 100,000 customers in North America.
- OMNIQ offers advanced IoT solutions for customer distribution centers in the USA and Canada.
- The contract includes technical support services and Device management software.
SALT LAKE CITY, October 22, 2021 (GLOBE NEWSWIRE) – OMNIQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of supply chain and artificial intelligence (AI) -based solutions, announced today that one of the largest grocery retailers in the USA and North America signed a purchase agreement for approximately 7.8 million the customer’s supply chain system. As of February 2021, omniQ has received over $ 13 million in orders from the same leading grocer.
The new project will be rolled out in distribution centers in the USA and Canada from December and will continue into the first half of 2022
OMINQ’s multi-billion dollar loyal customer continues to invest in automation and efficiency by implementing the latest technology in their supply chain operations as food distribution requires the highest standards of freshness, accuracy and care. The distinctive customer supplies groceries and related products to more than 100,000 customers, including healthcare facilities, educational institutions, restaurants, hotels, grocery stores, cruise ships, amusement parks, stadiums, leisure centers and more.
Shai Lustgarten, Quest President & CEO, commented, “This new $ 7.8 million contract follows a $ 6.1 million contract that we received in the first quarter of 2021 from the same customer. Repeat business is a strong vote of confidence in OmniQ’s total IoT solutions, demonstrating the strength of our customer base and the benefits of our business model. The larger scope of this new project is also a great example of how we are growing “deeper and wider” with our customers. According to this contract, we have taken full responsibility for every aspect of the project: depot management, support, even the guarantee, together with a new device analytics management software. “
Mr. Lustgarten added: “Our portfolio of mobility products, which ranges from headsets for language selection to barcode scanners, enables smarter decision-making through effective data acquisition and analysis. We look forward to continuing our relationship with world class customers like this and many others as we strengthen our offering with advanced AI-based technologies and machine vision solutions. “
About omniQ Corp.omniQ Corp. (NASDAQ: OMQS) provides computer and machine vision solutions that use patented and proprietary AI technology to provide data acquisition, real-time monitoring and surveillance for supply chain management, homeland security, public safety, traffic and parking management, and access control applications. The technologies and services provided by the company help customers, people, assets and data move safely and securely through airports, warehouses, schools, national borders and many other applications and environments.
OmniQ customers include government agencies and leading Fortune 500 companies in a variety of sectors including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas and chemicals. Since 2014, annual sales to customers in the United States and abroad have grown to over $ 50 million.
omniQ recently announced the completion of the acquisition of 51% of the share capital of Dangot Computers Ltd (Dangot). omniQ has a purchase option for the remaining 49% of the share capital. Dangot is an Israel-based leader in delivering innovative technologies including: seamless automated order processing and digital payment processing products for the retail, fast food and parking market; integrated workplaces for doctors, medication dispensing and blood tests; Robotics for intelligent warehouses; Point of sales, self-check-in management and other state-of-the-art solutions.
The company is currently addressing multi-billion dollar markets including the Global Safe City market, which is expected to grow to $ 29 billion by 2022, and the Ticketless Safe Parking market, which is expected to grow to $ 5.2 billion by 2023 should grow. For more information, see www.omniq.com.
Information on 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 the results of certain activities or investments, and other statements that may not be descriptions of historical facts 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 press release contains “forward-looking statements,” which contain information about future events and future financial and operational performance. The words “anticipate,” “may,” “would,” “will,” “expect,” “estimate,” “may,” “believe,” “potentially” 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 are not necessarily accurate statements as to the times at which such performance or results will be achieved. Forward-looking statements are based on information available at the time of publication and / or management’s good faith belief with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those set out in expressed or suggested in the forward-looking statements. Important factors that could cause these differences include: fluctuations in demand for the company’s products especially during the current health crisis, the introduction of new products, the company’s ability to maintain customer and strategic business relationships, the effects of competitive products and pricing, Growth in the target 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 of sellers, creditors and secured lenders, the company’s ability to successfully integrate its acquisitions, and others Information that is from time to time contained in the omniQ Corp. may include documents filed with the US Securities and Exchange Commission. Examples of such forward-looking statements in this press release include, but are not limited to, statements relating to sales growth, sales promotions, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties omniQ Corp. For information on concerns, see the company’s recent filings with the Securities and Exchange Commission, which are available at https://www.sec.gov. omniQ Corp. assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason, unless required by law.
James Carbonara Hayden IR (646) -755-7412[email protected]
Brett MaasHayden IR (646) 536-7331[email protected]
Source: omniQ Corp.