OMNIQ Corp. Awarded Approximately $3.5 Million Service Project From a World Wide Leader in the Transport and Logistics Sector For Mobile Data Collection and Communication Devices
SALT LAKE CITY, March 16, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced that it has awarded an approximately three year $3.5M service project from a worldwide Transport and Logistics multinational leader.
Customer is an industry leading third party logistics firm, performing contract distribution for many different industries and companies throughout the world. OMNIQ to service advanced equipment it supplied a few years ago.
Shai Lustgarten, President and CEO of OMNIQ, stated, “We started 2022 with a record backlog of orders for all our product lines, proving the strength of our strategy and solutions. The newly received $3.5M project represents another vote of confidence from a multibillion dollar corporation that keeps procuring its critical needs for its operations from us. We reaffirm our solid position as suppliers of sophisticated computerized equipment to leading Fortune 500 companies.”
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, 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 illion-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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