- Achieves a file of more than $11.5 million new orders considering that January 1st, 2021
- OMNIQ to offer IoT remedies for Covid 19 accelerated will need to optimize effectiveness, automation and touchless Offer Chain pursuits
- Deal consists of Technological Assistance Companies and product management software package
SALT LAKE Town, Feb. 04, 2021 (Globe NEWSWIRE) — OMNIQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a service provider of Offer Chain and Artificial Intelligence (AI)-based alternatives, introduced today that it has received an somewhere around $6.1 million acquire agreement from a single of the premier foodstuff distributors in the U.S. and North The usa, with above $10 billion in annual revenue. The arrangement phone calls for the supply of cellular computerized IoT equipment for thousands of vehicles that supply merchandise in the US and Canada and is developed to gather, determine, monitor and trace property as properly as share and link gathered inventory info to the distributor’s inner IT program.
OMNIQ’s products permits the foremost foods distributor to produce the correct solution to the accurate shopper while eliminating the expenditure and inefficiency of outdated paper-dependent distribution solutions. Benefits contain far better client associations by making sure appropriate deliveries minimizes disagreements and create-offs associated to discrepancies. Delivery personnel are ready to present buyers with flawless invoices on-web-site, which speed up buy processing and payment. Tracking is offered which offers the customer genuine time insights into arrival occasions, more strengthening the bond with the distributor.
OMINQ’s faithful buyer is a pioneer in implementing most recent technologies in the offer chain operations as food distribution necessitates the larger specifications of freshness, precision and care. The distinct consumer provides food items and similar merchandise to Healthcare entities like dwelling amenities, long-time period treatment, hospitals and other institutional healthcare applications, to Educational services like Colleges, Universities, K-12 Colleges , as nicely as to places to eat, accommodations, daycare facilities, usefulness shops, camps and church buildings, cruise ships, amusement parks, stadiums, big-scale sporting gatherings and concerts, recreation facilities, correctional facilities and additional.
Shai Lustgarten, President & CEO at Quest, commented, ”$11.5 million in new orders been given in a small about 1 thirty day period, marks a fantastic commencing of FY 2021 and demonstrates the power of our organization model. It also highlights how Covid 19 has accelerated the will need to improve effectiveness, automation and touchless Offer Chain activities. We are proud to have been chosen however once again to more improve this customer’s operational efficiencies and imagine this purchase proves the worth of our detailed Components, Software package and Complex assist options. Our portfolio of mobility merchandise, ranging from voice-selecting headsets to barcode scanners, permits smarter selection-making by way of productive facts selection and evaluation. We glimpse ahead to continuing our relationship with buyers of this pedigree, as we fortify our supplying with advanced AI-based systems and device-vision answers.”
About OMNIQ Corp.
OMNIQ Corp. (OTCQB: OMQS) offers computerized and machine vision graphic processing methods that use patented and proprietary AI engineering to produce information selection, real-time surveillance and checking for provide chain management, homeland protection, general public basic safety, targeted traffic & parking administration and access control programs. The technology and providers furnished by the Company enable clients shift people today, property and info properly and securely by airports, warehouses, faculties, countrywide borders, and a lot of other apps and environments.
OMNIQ’s customers include things like authorities businesses and main Fortune 500 firms from quite a few sectors, together with manufacturing, retail, distribution, foods and beverage, transportation and logistics, health care, and oil, fuel, and substances. Considering that 2014, annual revenues have grown to extra than $50 million from customers in the United states and abroad.
The Organization currently addresses quite a few billion-greenback marketplaces, such as the World wide Safe and sound Town market, forecast to develop to $29 billion by 2022, and the Ticketless Harmless Parking sector, forecast to mature to $5.2 billion by 2023. For a lot more data, pay a visit to www.omniq.com.
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