OMNIQ Receives $ 1.8 Million Purchase Order for IoT Contactless Data Collection Solution from Leading Fortune 500 IT Supply Chain Provider | 2021-10-14 | Press Releases

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  • Client generates over $ 20 billion in annual revenue and serves over 100,000 clients worldwide
  • OMNIQ ‘suite of supply chain mobility solutions enables rapid data collection, tracking and processing for business operations

SALT LAKE CITY, October 14, 2021 (GLOBE NEWSWIRE) – omniQ Corp.(NASDAQ: OMQS) (“omniQ & CloseCurlyDoubleQuote; or” the company & CloseCurlyDoubleQuote;), a provider of artificial intelligence (AI) and IoT-based solutions, today announced that it has received a purchase order with a total value of about $ 1.8 million from a Fortune company. 500 leading IT supply chain providers with more than 100,000 customers in more than 100 countries, generating more than $ 20 billion in annual revenues.

The seven-digit order is from a long-time customer for the Zebra data collection hardware implementation. The implementation of these devices will complete their migration from WM to Android.

The purchase order includes rugged mobile computers (IoT) to be used for process automation, digital monitoring and control, and efficiency throughout the supply chain. OMNIQ & CloseCurlyQuote’s suite of supply chain mobility solutions, which includes rugged laptops, 2D scanners and barcode printers with fast and reliable wireless connection, enables collection, tracking and fast and accurate data processing for critical supermarket functions, such as shipping and receiving, and inventory and warehouse management. These devices offer a plus’ Contactless & CloseCurlyDoubleQuote; approach to the customer’s retail and logistics operations and will be integrated with the company’s automated services.

“The strong momentum continues with this $ 1.8 million order from one of the world’s largest IT supply chain providers and long-time customer of omniQ,” said Shai Lustgarten, CEO of OMNIQ . “Our long-standing relationship and recurring activities reflect the enduring quality and technological leadership of omniQ solutions which provide a solid foundation for future growth. & CloseCurlyDoubleQuote;

About omniQ Corp.

omniQ Corp. (NASDAQ: OMQS) provides computerized image processing and machine vision solutions that use patented and proprietary AI technology to provide real-time data collection, monitoring and control for chain management. procurement, homeland security, public safety, traffic and parking management, and access control applications. The technology and services provided by the Company help customers move people, assets and data securely through airports, warehouses, schools, national borders and many other applications and environments.

OmniQ’s customers include government agencies and leading Fortune 500 companies across multiple industries including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, oil, gas and chemicals. Since 2014, annual revenues have reached over $ 50 million from customers in the United States and overseas.

omniQ recently announced the closing of its acquisition of 51% of the share capital of Dangot Computers Ltd (Dangot). omniQ has an option to purchase the remaining 49% of the share capital. Dangot is an Israeli leader in providing innovative technologies including: frictionless automated order fulfillment and digital payment processing products for the retail, fast food and parking markets; integrated workstations for doctors, administration of drugs and blood tests; robotics for smart warehouses; point of sale, self-check-in management and other cutting-edge solutions.

The company currently caters to several multi-billion dollar markets, including the global Safe City market, which is expected to reach $ 29 billion by 2022, and the secure ticketless parking market, which is expected to grow to $ 5.2 billion. dollars by 2023. For more information, visit www.omniq.com.

Information on forward-looking statements

“Safe Harbor & CloseCurlyDoubleQuote; Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release regarding economic plans, strategies, performance and trends, earnings projections for specific operations or investments , and other statements which are not descriptions of historical fact 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 & CloseCurlyDoubleQuote; which include information relating to future events and future financial and operational performance. The words “anticipate & CloseCurlyDoubleQuote ;,” may, & CloseCurlyDoubleQuote; “would,” “will,” “wait,” “guess,” “may,” “believe,” “potential & CloseCurlyDoubleQuote; and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be precise indications of when or by which such performance or results will be achieved. Forward-looking statements are based on information available at the time they are made and / or on the good faith belief of the management of CloseCurlyQuote; at that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ. substantially from those expressed or suggested by 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 strategic customer and 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 structures credit and debt obligations of suppliers, debt holders and the Company’s ability to successfully integrate its acquisitions and other information which may be detailed from time to time in documents filed by omniQ Corp. and CloseCurlyQuote; with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this press release include, among others, statements regarding revenue growth, sales stimulation, operational and financial initiatives, cost reduction and profitability, and operations simplification. For a more detailed description of the risk factors and uncertainties affecting omniQ Corp., please refer to the recent documents filed by the company with the Securities and Exchange Commission, which are available at https://www.sec.gov. omniQ Corp. assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

James carbonara

Hayden IR

(646) -755-7412

james@haydenir.com

Brett maas

Hayden IR

(646) 536-7331

brett@haydenir.com

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