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OMNIQ AWARDED A FOLLOW-ON PURCHASE ORDER FOR ITS AI-BASED MACHINE VISION SOLUTION TO BE INSTALLED IN A CRITICAL HOMELAND SECURITY PROJECT

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OMNIQ Corp. (NASDAQ: OMQS) has been awarded a follow-on purchase order for its AI-based machine vision solution to be installed in a critical Homeland Security project. The project, focused on terror prevention in a sensitive global location, highlights OMNIQ's patented make and color recognition technology along with accurate License Plate Recognition capabilities. The company's AI system, deployed in over 20,000 cameras, is a cloud/on-premises security solution that gathers real-time data to monitor access, provide intelligence, and prevent crimes. CEO Shai Lustgarten expressed pride in the reselection, emphasizing the solution's proven performance in critical regions worldwide.
OMNIQ Corp. (NASDAQ: OMQS) ha ricevuto un nuovo ordine di acquisto per la sua soluzione di visione artificiale basata sull'IA, che verrà installata in un importante progetto di sicurezza nazionale. Il progetto, che si concentra sulla prevenzione del terrorismo in una località globale sensibile, mette in evidenza la tecnologia brevettata di OMNIQ per il riconoscimento di marca e colore unitamente a capacità précise di riconoscimento delle targhe automobilistiche. Il sistema di IA dell'azienda, implementato in oltre 20.000 telecamere, è una soluzione di sicurezza che opera sia in cloud che in locale, raccogliendo dati in tempo reale per monitorare gli accessi, fornire intelligence e prevenire crimini. Il CEO Shai Lustgarten ha espresso orgoglio per la riassegnazione, sottolineando le comprovate prestazioni della soluzione in regioni critiche in tutto il mondo.
OMNIQ Corp. (NASDAQ: OMQS) ha recibido un nuevo pedido de compra para su solución de visión por máquina basada en IA, que será instalada en un proyecto crítico de Seguridad Nacional. El proyecto, enfocado en la prevención del terrorismo en una ubicación global sensible, destaca la tecnología patentada de OMNIQ para el reconocimiento de marca y color junto con capacidades precisas de Reconocimiento de Matrículas. El sistema de IA de la compañía, desplegado en más de 20,000 cámaras, es una solución de seguridad en la nube/en local que recopila datos en tiempo real para monitorear accesos, proporcionar inteligencia y prevenir delitos. El CEO Shai Lustgarten manifestó su orgullo por la reelección, enfatizando el rendimiento probado de la solución en regiones críticas a nivel mundial.
OMNIQ Corp.(나스닥: OMQS)는 중요한 국토안보 프로젝트에 설치될 것인 AI 기반 기계 비전 솔루션에 대한 후속 구매 주문을 수상했습니다. 테러 방지에 중점을 둔 이 프로젝트는 세계적으로 민감한 위치에서 OMNIQ의 특허 받은 제조 및 색상 인식 기술과 정확한 차량 번호판 인식 기능을 강조합니다. 회사의 AI 시스템은 20,000대 이상의 카메라에 배치되어 클라우드/온프레미스 보안 솔루션으로 실시간 데이터를 수집하여 접근을 모니터링하고 정보를 제공하며 범죄를 예방합니다. CEO 샤이 러스트가르텐은 재선출에 대한 자부심을 표현하며 전 세계적으로 중요한 지역에서 입증된 솔루션의 성능을 강조했습니다.
OMNIQ Corp. (NASDAQ: OMQS) a reçu une nouvelle commande pour sa solution de vision artificielle basée sur l'IA destinée à être installée dans un projet crucial de sécurité nationale. Ce projet, axé sur la prévention du terrorisme dans un lieu sensible à l'échelle mondiale, met en lumière la technologie brevetée de reconnaissance de marque et de couleur d'OMNIQ ainsi que ses capacités précises de reconnaissance de plaques d'immatriculation. Le système IA de la société, déployé sur plus de 20 000 caméras, est une solution de sécurité sur cloud/locales qui collecte des données en temps réel pour surveiller les accès, fournir des renseignements et prévenir les crimes. Le PDG Shai Lustgarten a exprimé sa fierté pour la réélection, soulignant la performance éprouvée de la solution dans des régions critiques à travers le monde.
OMNIQ Corp. (NASDAQ: OMQS) hat einen weiteren Auftrag für seine auf künstlicher Intelligenz basierende Lösung für Maschinensehen erhalten, die in einem kritischen Projekt der Heimatsicherheit installiert werden soll. Das Projekt, das auf die Terrorprävention in einem sensiblen globalen Standort ausgerichtet ist, hebt OMNIQs patentierte Technologie zur Erkennung von Marke und Farbe sowie die präzisen Fähigkeiten zur Kennzeichen-Erkennung hervor. Das AI-System des Unternehmens, das in über 20.000 Kameras eingesetzt wird, ist eine Cloud-/Vor-Ort-Sicherheitslösung, die Echtzeitdaten sammelt, um Zugänge zu überwachen, Intelligence zu bieten und Verbrechen zu verhindern. CEO Shai Lustgarten äußerte sich stolz über die erneute Auswahl und betonte die bewährte Leistung der Lösung in kritischen Regionen weltweit.
Positive
  • OMNIQ Corp. has secured a follow-on purchase order for its AI-based machine vision solution for a Homeland Security project.
  • The project is focused on terror prevention in a sensitive global location and includes the deployment of hundreds of AI-based sensors and software.
  • OMNIQ's AI system features patented make and color recognition technology and accurate License Plate Recognition capabilities.
  • The company's solution is a cloud/on-premises security system that gathers real-time data to monitor access, provide intelligence, and prevent crimes.
  • OMNIQ's AI solutions are deployed in some of the most sensitive regions worldwide, proving to be essential tools in crime and terror prevention.
Negative
  • None.
  • OMNIQ continuous selection by one of the most demanding defense authorities thanks to its superior “battle proven” performance.
  • Winning features included patented make and color recognition combined with outstanding accurate License Plate Recognition (VRS including LPR).
  • Awarded project, located in one of the most sensitive spots worldwide, designed for Terror Prevention.
  • OMNIQ team expanded AI capabilities to crowd management and high occupancy vehicles (HOV).


SALT LAKE CITY, April 25, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that the Company has received a follow on order to provide its, AI-based machine vision safety solution to a top, defense authority for the prevention of terror attacks in a sensitive zone outside the US.

The project includes the deployment of hundreds of AI based sensors and software with powerful computers to provide vital real time performance. OMNIQ’s safety system is a groundbreaking cloud and/or on-premises-based security solution for Homeland Security, Safe City, and Safe Campus applications that uses unique, patented AI-based machine vision technology and software to gather real-time data in order to monitor & control access, provide intelligence, and prevent crimes and acts of hostility. OMNIQ’s algorithm is based on a neural network model complimented by machine learning, having deployed over 20,000 cameras and capturing millions of cars enabling OMNIQ to provide superior performance saving lives and improving safety of large populations.

“Our reselection, based on our performance and the unique - proven features, is likely the strongest and most important vote of confidence in the performance of our reliable, highly sophisticated solution. We are fulfilling this follow-on order with the highest level of pride and responsibility,” said Shai Lustgarten, CEO of OMNIQ. “We can proudly say, that today, OMNIQ’s AI based solutions are deployed in some of the most sensitive regions of the world and have been proven as an essential tool in crime and terror prevention. We provide critical notifications and intelligence to homeland security organizations based on the most sophisticated AI and machine learning technology. “

About OMNIQ Corp.

OMNIQ Corp. (NASDAQ: OMQS) 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 $50 million from clients in the USA and abroad.

The Company currently addresses several billion-dollar markets, including the Global Safe City sector, predicted to reach $67.1 billion by 2028, the smart parking industry, expected to escalate to $16.4 billion by 2030, and the fast-casual restaurant market, projected to hit $209 billion by 2027.

For additional information, please visit www.OMNIQ.com.

Information about 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 results of specific activities or investments, and other statements that are not descriptions of historical facts 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” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” 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 will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the 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 customer and strategic 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 credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at http://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.

Contact
IR@omniq.com


FAQ

What is the latest announcement from OMNIQ Corp. (NASDAQ: OMQS)?

OMNIQ Corp. has been awarded a follow-on purchase order for its AI-based machine vision solution for a critical Homeland Security project focused on terror prevention.

What technologies are highlighted in OMNIQ's AI system for the Homeland Security project?

OMNIQ's AI system features patented make and color recognition technology along with accurate License Plate Recognition capabilities.

How does OMNIQ's AI solution contribute to crime and terror prevention?

OMNIQ's AI solution gathers real-time data to monitor access, provide intelligence, and prevent crimes, proving to be essential in sensitive regions worldwide.

Where will OMNIQ's AI-based machine vision solution be deployed?

OMNIQ's AI-based machine vision solution will be deployed in a critical Homeland Security project focused on terror prevention in a sensitive global location.

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