OMNIQ Receives $1.5 Million Purchase Order for IoT "Contactless" Data Collection Solution from a Leading Freight Transportation and Logistics Company
OMNIQ Corp. (OTCQB: OMQS) has secured new purchase orders totaling approximately $1.5 million from a major international freight transportation and logistics company. This order is part of close to $40 million in agreements since January 1, 2021. OMNIQ’s rugged mobile computers will enhance supply chain operations, automating processes and improving efficiency. The company continues to experience strong momentum in 2021, building on past multimillion-dollar orders from the same customer. OMNIQ's annual revenues have surpassed $50 million, serving a diverse clientele globally.
- Received $1.5 million in purchase orders from a leading logistics company.
- Total of nearly $40 million in new agreements since January 1, 2021.
- The order builds on previous multimillion-dollar contracts from the same customer.
- Continued growth in annual revenues exceeding $50 million.
- None.
- Close to
$40 million in new purchase orders and agreements since January 1st 2021 - Customer is an international freight transportation and logistics company which spans more than 40 million square feet of warehousing space, across more than 150 locations
- Order follows multimillion dollar orders from the same customer during FY 2020
SALT LAKE CITY, May 26, 2021 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that it has received purchase orders with a total value of approximately
The purchase order is for rugged mobile computers (IoT) to be used in DC operations conducting automation of processes, digital monitor and control and efficiencies through the supply chain level.
OMNIQ’s suite of supply chain mobility solutions, which includes rugged handheld mobile computers, 2D Scanners and barcode printers with fast and dependable wireless connection, enable quick and accurate data collection, tracking and processing for critical supermarket functions, such as shipping and 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 with the corporate automated services.
“From the beginning of fiscal year 2021, we’re experiencing a strong momentum that continues with this order from one of the largest freight transportation and logistics companies in the world and we are honored that OMNIQ was chosen to provide the technology and hardware to support its international supply chain operations,” said Shai Lustgarten, CEO of OMNIQ. “Following the announced orders from different verticals like healthcare, retail, transportation and logistics, parking management and homeland security we leverage our very strong and loyal customer base that combined with the quality of our solutions form a strong base for future growth,” concluded CEO Shai Lustgarten.
About OMNIQ Corp.
OMNIQ Corp. (OTCQB: 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
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to
Information about Forward-Looking Statements
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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 https://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.
James Carbonara
Hayden IR
(646)-755-7412
james@haydenir.com
Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com
FAQ
What recent purchase orders has OMNIQ Corp. received?
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