BOS' Supply Chain Division Receives First Order from the United Arab Emirates
BOS Better Online Solutions Ltd. (BOSC) announced its first order for electronic components from a UAE customer, valued at $180,000, with delivery scheduled throughout 2021. Avidan Zelicovski, BOS' President, expressed optimism about expanding its market presence in the UAE.
This new order highlights BOS's strategy to penetrate growing markets and could be a potential growth driver for its Supply Chain Division.
- First order from the United Arab Emirates customer valued at $180,000.
- Potential for growth in new markets, indicated by the company's expansion into the UAE.
- None.
RISHON LEZION, Israel, Feb. 16, 2021 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC), announced today that its Supply Chain Division has received its first order for electronic components from a United Arab Emirates customer. The order, in the amount of
Avidan Zelicovski, BOS' President, stated: "I am very pleased with this initial penetration into the United Arab Emirates' market. It is a new territory for us and has potential to grow our business."
About BOS:
BOS is a global provider of custom-made robots and an integrator of off-the-shelf automation systems for industrial and logistics processes. BOS also provides supply chain services, mainly for the aerospace and defense industries worldwide.
For more information, please visit our websites:
Corporate - www.boscom.com | Robotics– www.imdecol.com
RFID – www.dimex.co.il | Supply Chain – www.odem.co.il
Contact:
Eyal Cohen, CEO
+972-542525925 | eyalc@boscom.com
Safe Harbor Regarding Forward-Looking Statements
The forward-looking statements contained herein reflect management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS. These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or a few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions, the impact of the COVID-19 virus and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; risks associated with completing and successfully integrating an acquisition with BOS's existing business; and additional risks and uncertainties detailed in BOS' periodic reports and registration statements filed with the US Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
FAQ
What is the significance of BOSC's new order from the UAE?
How much is the new order received by BOSC worth?
When is the delivery of the new order from the UAE scheduled?
Who is the president of BOS Better Online Solutions?
