OMNIQ Receives $2.5 Million Purchase Order, Strengthening Decade-Long Partnership with Leading Retail Chain
OMNIQ Corp. (OTCQB: OMQS) has received a $2.5 million purchase order from a long-standing retail partner, reinforcing their decade-long collaboration. The order, placed on August 26, 2024, includes state-of-the-art portable IoT printers designed to enhance in-store operations and delivery logistics across the retailer's network.
This significant order aims to replace outdated systems, improving inventory management, operational efficiency, and customer satisfaction. OMNIQ's CEO, Shai Lustgarten, emphasized the company's commitment to supporting the evolving needs of their valued partner. This development aligns with OMNIQ's strategic initiative to expand business with existing customers while also pursuing new relationships in the retail sector.
OMNIQ Corp. (OTCQB: OMQS) ha ricevuto un ordine di acquisto di 2,5 milioni di dollari da un partner commerciale di lunga data, rafforzando la loro collaborazione decennale. L'ordine, effettuato il 26 agosto 2024, comprende stampanti portatili IoT all'avanguardia progettate per migliorare le operazioni in negozio e la logistica di consegna attraverso la rete del rivenditore.
Questo ordine significativo mira a sostituire sistemi obsoleti, migliorando la gestione dell'inventario, l'efficienza operativa e la soddisfazione del cliente. Il CEO di OMNIQ, Shai Lustgarten, ha sottolineato l'impegno dell'azienda nel supportare le esigenze in evoluzione del loro partner di valore. Questo sviluppo si allinea con l'iniziativa strategica di OMNIQ per espandere il business con i clienti esistenti, mentre si punta anche a nuove relazioni nel settore retail.
OMNIQ Corp. (OTCQB: OMQS) ha recibido un pedido de compra de 2.5 millones de dólares de un socio minorista de larga data, reforzando su colaboración de diez años. El pedido, realizado el 26 de agosto de 2024, incluye impresoras portátiles IoT de última generación diseñadas para mejorar las operaciones en tienda y la logística de entrega en toda la red del minorista.
Este pedido significativo tiene como objetivo reemplazar sistemas obsoletos, mejorando la gestión de inventario, la eficiencia operativa y la satisfacción del cliente. El CEO de OMNIQ, Shai Lustgarten, enfatizó el compromiso de la empresa de apoyar las necesidades en evolución de su valioso socio. Este desarrollo se alinea con la iniciativa estratégica de OMNIQ de expandir el negocio con clientes existentes mientras también busca nuevas relaciones en el sector minorista.
OMNIQ Corp. (OTCQB: OMQS)는 오랜 유통 파트너로부터 250만 달러의 구매 주문을 받아 10년간의 협력을 강화했습니다. 2024년 8월 26일에 접수된 이 주문에는 유통업체 네트워크의 매장 운영 및 배송 로지를 개선하기 위해 설계된 첨단 휴대용 IoT 프린터가 포함되어 있습니다.
이 중요한 주문은 구식 시스템을 대체하여 재고 관리, 운영 효율성 및 고객 만족도를 향상시키는 것을 목표로 하고 있습니다. OMNIQ의 CEO인 Shai Lustgarten은 소중한 파트너의 변화하는 요구를 지원하겠다는 회사의 의지를 강조했습니다. 이 개발은 OMNIQ의 전략적 이니셔티브인 기존 고객과의 비즈니스를 확장하는 것과 새로운 소매 관계를 추구하는 것과 일치합니다.
OMNIQ Corp. (OTCQB: OMQS) a reçu un bon de commande de 2,5 millions de dollars d'un partenaire de vente au détail de longue date, renforçant leur collaboration de dix ans. La commande, passée le 26 août 2024, comprend des imprimantes IoT portables de pointe conçues pour améliorer les opérations en magasin et la logistique de livraison à travers le réseau du détaillant.
Cette commande significative vise à remplacer des systèmes obsolètes, améliorant la gestion des stocks, l'efficacité opérationnelle et la satisfaction client. Le PDG d'OMNIQ, Shai Lustgarten, a souligné l'engagement de l'entreprise à soutenir les besoins évolutifs de son partenaire valorisé. Ce développement s'inscrit dans l'initiative stratégique d'OMNIQ visant à étendre ses activités avec les clients existants tout en poursuivant de nouvelles relations dans le secteur du retail.
OMNIQ Corp. (OTCQB: OMQS) hat einen Bestellauftrag über 2,5 Millionen Dollar von einem langjährigen Einzelhandelspartner erhalten und somit die zehnjährige Zusammenarbeit gestärkt. Die Bestellung, die am 26. August 2024 aufgegeben wurde, umfasst modernste tragbare IoT-Drucker, die darauf abzielen, die Betriebsabläufe vor Ort und die Lieferlogistik im Netzwerk des Einzelhändlers zu verbessern.
Dieser bedeutende Auftrag zielt darauf ab, veraltete Systeme zu ersetzen und somit das Bestandsmanagement, die betriebliche Effizienz und die Kundenzufriedenheit zu verbessern. Der CEO von OMNIQ, Shai Lustgarten, betonte das Engagement des Unternehmens, die sich wandelnden Bedürfnisse ihres geschätzten Partners zu unterstützen. Diese Entwicklung steht im Einklang mit OMNIQs strategischer Initiative, das Geschäft mit bestehenden Kunden zu erweitern und gleichzeitig neue Beziehungen im Einzelhandel zu suchen.
- Secured a $2.5 million purchase order from a major retail partner
- Strengthened a decade-long partnership with a leading retail chain
- Providing advanced portable IoT printers to enhance retail operations
- Aligns with strategic initiative to increase business with existing customers
- None.
- Continues Strategic Collaboration with a Major Retail Partner
- Order Includes State-of-the-Art Portable IoT Printers for Seamless Integration
- Paves the Way for Future Technological Upgrades
SALT LAKE CITY, Aug. 29, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB: OMQS), a prominent provider of AI-driven and IoT-enabled technology solutions, is pleased to announce the receipt of a significant
This long-standing partnership has seen OMNIQ play a crucial role in revolutionizing the retailer's operational capabilities. The latest order includes the deployment of advanced portable printers across the retailer's expansive network, enhancing both in-store operations and delivery logistics. The new technology is set to replace outdated systems, driving improved inventory management, operational efficiency, and customer satisfaction.
“Our ongoing partnership with this major retail chain reflects the consistent value we bring to their operations,” said Shai Lustgarten, CEO of OMNIQ. “This order underscores their trust in our technology to keep their systems efficient and up-to-date, and we’re committed to continuing to support their evolving needs.”
This development represents a continuation of OMNIQ's strategic initiative to increase business with existing customers while also seeking out new customer relationships.
About OMNIQ
OMNIQ Corp. (OTCQB: OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver real time object identification, tracking, surveillance and monitoring for the Supply Chain Management, Public Safety, and Traffic Management applications. The technology and services provided by the Company help clients move people, objects and manage big data safely and securely through airports, warehouses, schools, and national borders and in 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 more than doubled, reaching
The Company currently addresses several billion-dollar markets with double-digit growth, including the Global Smart City & Public Safety markets.
For more information visit www.omniq.com
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.
Examples of forward-looking statements include, among others, statements made in this press release regarding the closing of the private placement and the use of proceeds received in the private placement. 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 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
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a5008fc1-63b6-457c-8c5f-f44c888461af
FAQ
What is the value of the purchase order OMNIQ (OMQS) received from its retail partner?
What technology is OMNIQ (OMQS) providing in this new order?
How long has OMNIQ (OMQS) been collaborating with this retail partner?
What improvements are expected from OMNIQ's (OMQS) new technology deployment?
