OMNIQ's AI Machine Vision Systems to be Deployed at the Largest Seaport in Israel with Annual Cargo Tonnage of more than 20 million Tons
SALT LAKE CITY, July 15, 2021 (GLOBE NEWSWIRE) -- OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT - based solutions, announced today it has received an order to deploy its Q Shield™, AI-based machine vision solution at Port of Ashdod in Israel. Port of Ashdod is the largest Seaport in Israel with Annual Cargo Tonnage of more than 20 million Tons.
Q Shield™, OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern and color recognition enabling smart and quick decision-making. More than 17,000 OMNIQ AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. Q Shield™ is founded on patented features like identification of make and color, combined with superior accuracy based on sophisticated algorithm and machine learning.
“The momentum continuous as we win more projects that require accuracy and top performance. This order is a part of a comprehensive plan by the State of Israel authorities to address maritime trade needs, increase ship size and strengthen Israel’s economy,” said Shai Lustgarten, CEO of OMNIQ. “In the field of security, the core of the security system, which includes 15 servers and end accessories is designed and assembled in our facilities integrated with our patented AI algorithm. The system will include OMNIQ’s external and internal sensors, VRS – Vehicle Recognition System complexes, electronic fence and hacking alert systems.”
About OMNIQ Corp.
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 $50 million from clients in the USA and abroad.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, visit www.omniq.com.
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