omniQ’s AI-Based Vehicle Recognition Technology to Be Installed in an Additional City in Georgia Following Recent Success in Adrian, Georgia
OMNIQ Corp. (NASDAQ: OMQS) has successfully deployed its Q Shield™ vehicle recognition systems in Adrian, Georgia, enhancing public safety through AI technology. This system helps local law enforcement identify vehicles with expired registrations or no insurance. The technology leverages over 17,000 installed sensors globally to provide timely alerts for vehicles on wanted lists. The company's business model focuses on a recurring revenue share with city authorities, contributing to improved public safety and law enforcement effectiveness.
- Successful deployment of Q Shield™ in Adrian, GA, indicating operational expansion.
- Recurring revenue model from city authorities enhances financial stability.
- Established global presence with over 17,000 AI-based sensors installed, indicating strong market penetration.
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- Deal made after omniQ’s Q Shield™ assisted in Police Investigation activities in the city of Adrian.
- Business model based on recurring revenue share with city’s authorities, including issuing citations for expired registrations as well as uninsured motorists.
- While keeping the streets safe, AI-Based Q Shield™ will assist the city to identify and issue timely information and alerts to local Police departments for vehicles on a law enforcement wanted list or involved in criminal activity
- OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern recognition and decision-making
- More than 17,000 OMNIQ’s AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. among others in JFK, LaGuardia, Newark, Miami, LAX and other international airports for Automation of Parking and in sensitive areas in the Middle East for terror prevention.
SALT LAKE CITY, Jan. 28, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that after the successful deployment of Q Shield™ vehicle recognition systems (VRS) technology in the City of Adrian, Georgia and its cloud based citation management platform to identify any vehicle driving through the city, which is on a National Crime Information Center (NCIC) data base or the Georgia Bureau of Investigations Database (GBI Database) and issues citations to scofflaws driving through the city with an expired registration or no insurance, it is now set to deploy Q Shield in another Georgia city.
The AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern recognition and decision-making. More than 17,000 OMNIQ AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. based on superior accuracy and patented features like identification of make and color combined with superior accuracy based on the sophisticated algorithm and machine learning that largely depends on accumulated data provided by thousands of sensors already deployed.
Q Shield, OMNIQ’s VRS solution, will be installed in 3 different sites resulting in 9 lanes throughout the city to capture vehicle data, including license plate number, color, make, and model efficiently and accurately. Q Shield’s technology will also be used to provide local law enforcement with timely alerts for any vehicle on a federal, state, and local law enforcement wanted list in addition to enforcing the violations above.
“Our AI-Based public safety solution is deployed in sensitive areas worldwide, including Israel and the US. We are excited that following our successful deployments, we are able to provide our machine vision VRS technology to benefit the citizens of yet another city in Georgia improving public safety and law enforcement,” said Shai Lustgarten, CEO of OMNIQ.
About OMNIQ Corp.
OMNIQ Corp. 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
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to
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Investor Contact:
James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com
Brett Maas
Hayden IR
(646)-536-7331
brett@haydenir.com
Koko Kimball
(385)-758-9241
kkimball@omniq.com
FAQ
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