OMNIQ receives $ 6.8 million buy contract from main specialty retailer Different OTC: OMQS


  • OMNIQ data a file of greater than $ 24 million in new orders since January 1st 2021
  • The client has tons of of shops in 49 states
  • OMNIQ to supply cell laptop options for retail retailer automation purposes, provide chain management and e-commerce enterprise development
  • The contract consists of the availability of highly effective cell computer systems, skilled companies and technical help

SALT LAKE CITY, March 5, 2021 (GLOBE NEWSWIRE) – OMNIQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Firm”), a supplier of provide chain and synthetic intelligence (AI) options, introduced at the moment that it has obtained a purchase order settlement of roughly $ 6.8 million from one of many largest specialty retailers in the US, which generates greater than $ 2 billion in annual income. The settlement offers for the availability of cell computerized IoT gear designed to help retail automation and stock management purposes, in addition to DC provide chain options and e-commerce enterprise in full development.

OMINQ’s consumer is a pioneer in implementing the most recent applied sciences in retail and provide chain operations, managing tons of of shops in 49 states.

From its Salt Lake Metropolis facility, OMNIQ will fee and distribute superior cell computing options together with examined {hardware} and software program, technical help and guarantee companies, enabling the shopper to make the most of the gear in the marketplace. extra technically superior mixed with OMNIQ’s prime quality managed companies and help.

Shai Lustgarten, President and CEO of Quest, commented, “I’m very happy to announce this new $ 6.8 million buy settlement attaining a file $ 24 million in new orders generated. in two months because the begin of fiscal 2021. Instantly after the announcement of the $ 6.1 million Buy Settlement with a serious meals distributor, the mission expanded by $ 3.5 million with a provider steel options and two AI-based machine imaginative and prescient tasks for strategic homeland safety and visitors administration, the momentum continues to mark a robust begin to fiscal 2021 and demonstrates the power of our enterprise mannequin primarily based on high quality of our options with the sturdy loyal buyer base that features Fortune 500 prospects, governments, instructional organizations, municipalities and others. It additionally highlights how Covid-19 has accelerated the necessity to maximize effectivity, automation and contactless provide chain actions. We’re proud to have been chosen as soon as once more to additional optimize the operational effectivity of this buyer and consider this order proves the worth of our complete {hardware}, software program and technical help options. Our portfolio of mobility merchandise, from voice choice headsets to barcode scanners, permits smarter decision-making by environment friendly knowledge assortment and evaluation. We stay up for persevering with our relationship with prospects of this pedigree, as we strengthen our providing with superior AI-based applied sciences and machine imaginative and prescient options. “

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: OMQS) offers computerized picture processing and machine imaginative and prescient options that use patented and proprietary synthetic intelligence expertise to supply knowledge assortment, real-time monitoring and monitoring for chain administration procurement, homeland safety, public security, visitors and parking administration and entry management purposes. The expertise and companies supplied by the corporate assist prospects transfer individuals, property and knowledge securely throughout airports, warehouses, colleges, nationwide borders and plenty of different purposes and environments.

OMNIQ shoppers embody authorities businesses and main Fortune 500 corporations from a number of industries together with manufacturing, retail, distribution, meals and beverage, transportation and logistics, healthcare, oil, gasoline and chemical substances. Since 2014, annual revenues have grown to over $ 50 million from prospects in the US and abroad.

The corporate at present caters to a number of multi-billion greenback markets, together with the worldwide protected metropolis market, which is anticipated to achieve $ 29 billion by 2022, and the ticketless safe parking market, which is anticipated to develop to five billion {dollars}. , $ 2 billion by 2023. For extra info, go to www.omniq .com.

Info on forward-looking statements

Protected Harbor assertion beneath the Non-public Securities Litigation Reform Act of 1995. Statements contained on this press launch referring to financial plans, methods, efficiency and traits, projections of outcomes of particular actions or investments and different statements that don’t will not be descriptions of historic reality could also be forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933, and Part 21E of the Securities Change Act of 1934.

This press launch comprises “forward-looking statements” which embody info referring to future occasions and future monetary and operational efficiency. The phrases “anticipate”, “might”, “would”, “will”, “anticipate”, “estimate”, “might”, “consider”, “potential” and comparable expressions and their variations are supposed to establish statements. Ahead-looking statements shouldn’t be interpreted as a assure of future efficiency or outcomes, and won’t essentially be precise indications of when such efficiency or outcomes shall be achieved. Ahead-looking statements are primarily based on info obtainable on the time they’re made and / or on the great religion perception of administration at the moment with respect to future occasions, and are topic to dangers and uncertainties that would trigger vital discrepancies between efficiency or precise outcomes. these expressed or steered by forward-looking statements. Essential elements that would trigger these variations embody, however will not be restricted to: fluctuations in demand for the Firm’s merchandise, significantly in the course of the present well being disaster, the introduction of recent merchandise, the Firm’s capability to take care of business relationships, merchandise and costs, development in goal markets, the adequacy of the corporate’s liquidity and monetary power to help its development, the corporate’s capability to handle credit score and debt constructions suppliers, collectors and secured lenders, the Firm’s capability to efficiently combine its acquisitions, and different info which can be detailed every now and then in paperwork filed by OMNIQ Corp. with the US Securities and Change Fee. Examples of such forward-looking statements on this press launch embody, amongst others, statements concerning income development, gross sales stimulation, operational and monetary initiatives, value discount and profitability, and operations simplification. For a extra detailed description of the danger elements and uncertainties affecting OMNIQ Corp., please check with the corporate’s current filings with the Securities and Change Fee, which can be found at . OMNIQ Corp. assumes no obligation to publicly replace or revise forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as in any other case required by regulation.

Investor contact:

James carbonara
Hayden IR
(646) -755-7412
[email protected]

Brett maas
Hayden IR
(646) 536-7331
[email protected]

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