OMNIQ Receives $ 1.8 Million Purchase Order for IoT “Contactless” Data Collection Solution from One of the Fortune 500’s Leading IT Supply Chain Providers – Form 8-K

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OMNIQ Receives $ 1.8 Million Purchase Order for IoT Contactless Data Collection Solution from Leading Fortune 500 IT Supply Chain Provider

Client generates over $ 20 billion in annual revenue and serves over 100,000 clients worldwide

OMNIQ’s suite of supply chain mobility solutions enables rapid data collection, tracking and processing for business operations

CITY LAKE – omniQ Corp. (NASDAQ: OMQS) (“omniQ” or “the Company”), a provider of artificial intelligence (AI) and IoT-based solutions, today announced that it has received a purchase order with full value of approximately $ 1.8 million from a Fortune 500 leading IT supply chain provider with more than 100,000 customers in more than 100 countries, generating more than $ 20 billion in annual revenue.

The seven-digit order comes 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’s suite of supply chain mobility solutions, which includes rugged laptops, 2D scanners and barcode printers with a fast and reliable wireless connection, enables collection, tracking and fast and accurate data processing for critical supermarket functions, such as shipping, 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 into 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 . and the technological leadership of omniQ solutions that provide a solid foundation for future growth. ”

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: automated order fulfillment and frictionless 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 grow to $ 29 billion by 2022, and the Ticketless Safe Parking market, which is expected to grow to $ 5.2 billion. by 2023. For more information, visit www.omniq.com.

Information on forward-looking statements

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release regarding economic plans, strategies, performance and trends, projections of business or investment results specific, 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 press release contains “forward-looking statements” which include information relating to future events and to future financial and operational performance. The words “anticipate”, “could”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “possible” and similar expressions and statements variations. 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 management at that time with respect to future events, and are subject to risks and uncertainties which could cause actual performance or results to differ materially 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 commercial and strategic relationships with its customers, the impact of product and price competition, growth in target markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the capacity of the Company to manage the credit and debt structures of suppliers, creditors and secured lenders, 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. 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, unless otherwise required by law.

James carbonara

Hayden IR

(646) -755-7412

[email protected]

Brett maas

Hayden IR

(646) 536-7331

[email protected]

Disclaimer

Omniq Company published this content on October 14, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 14, 2021 05:31:01 PM UTC.


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