OMNIQ’S Q SHIELD™ AI-BASED SAFE CITY SYSTEM, TO BE DEPLOYED IN TWO ADDITIONAL CITIES IN IOWA BRINGING THE TOTAL NUMBER OF CITIES TO 16
OMNIQ Corp. (NASDAQ: OMQS) has been selected by the Cities of Mitchellville and Jewell, Iowa, to implement its Q Shield Safe City System. This AI-based vehicle recognition technology identifies vehicles with outstanding traffic violations and alerts law enforcement. With these additions, OMNIQ now has 16 cities under contract nationwide. The deployment aims to enhance community safety while generating recurring revenue for the company. OMNIQ's advanced machine vision system, used globally with over 17,000 sensors, leverages patented algorithms for superior accuracy.
- Expansion into two new cities, increasing client base to 16 cities nationwide.
- Q Shield technology contributes to community safety and proactive law enforcement.
- Potential for significant recurring revenue growth from new contracts.
- OMNIQ operates in lucrative markets, including Safe City, projected to reach $29 billion.
- None.
SALT LAKE CITY, Jan. 04, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company has been selected by the Cities of Mitchellville, Iowa and Jewell, Iowa to deploy its Q Shield Safe City System, based on vehicle recognition systems (VRS) technology and its cloud based citation management platform. Q Shield™ identifies any vehicle driving through the city which is on a National Crime Information Center (NCIC) data base or the cities local Bureau of Investigations Database and cites violators who drive through the city with outstanding traffic violations, and provide notifications for law enforcement and local authorities, that allow proactive actions preventing risks from becoming events. Q Shield™ is used by law enforcement as a force multiplier and a strong investigation tool. The system will also identify additional alerts such as for unregistered vehicles.
Shai Lustgarten, CEO commented “With continued momentum in our Safe City product, Q Shield™, we are excited to expand our footprint in the state of Iowa. With the addition of Mitchellville and Jewell, we now have 16 cities under contract nationwide. Our pipeline continues to grow both in Iowa and in several other states across the country. This is significant for not only our company but also for the people and communities who have trusted our technology to improve everyday lives with an unbiased approach. In addition to added protection, each city benefits financially with the use of our Vehicle Recognition Technology adding to the overall impact of partnering with OMNIQ. We look forward to continuing the momentum and achieving significant recurring revenue for many years to come”
Q Shield, 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 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.
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, oil, gas, and chemicals.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to
For more information please visit www.omniq.com.
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Contact:
IR Contact
Koko Kimball
385-758-9241
kkimball@omniq.com
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