Omniq announces purchase order to deploy its AI-based system

  • omniQ’s solution identifies all vehicles within district boundaries, detects those on the lookout, digitally signs each vehicle that omniQ’s AI determines to be a threat, providing authorities with proactive event management to create a safe city
  • omniQ’s patented AI-based system is deployed worldwide for public safety, terrorism prevention, access control and parking automation.
  • This order follows recent purchase orders from a few cities in the United States, for the Q Shield from omniQ system that uses the same AI machine vision platform from omniQ.

SALT LAKE CITY, April 19, 2022 (GLOBE NEWSWIRE) — OMNIQ CORP. (NASDAQ:OMQS) today announced that it has been awarded a follow-on contract with a global high-end defense solutions company to deploy OMNIQ’s AI-powered machine vision solution in a district of Uruguay, to provide a safe district project. The project spans six municipal authorities, including a well-known tourist resort. The successful project started about four years ago and now the local authorities have decided to expand the project and order additional systems from omniQ and upgrade them with additional new features offered by omniQ.

The Safe District project includes OMNIQ’s sensors with AI-based vehicle recognition system that will allow control room operators to obtain real-time data from the field and alert those in charge of the law enforcement, including logistics and emergency personnel, in conjunction with the nature of an event.

OMNIQ’s patented AI neural network-based algorithm mimics human eyes and brain and is able to detect, analyze and recognize patterns including license plates and car model and brand . OMNIQ’s system is deployed in many sensitive locations around the world for crime and terrorism prevention, law enforcement, access control and parking automation.

Recently, the company released City Police Chief Adrian’s statement claiming that OMNIQ’s AI machine vision system is: “..a major force multiplier. If you think about it and really want to have something like this, you can’t afford not to…” (please see company press release dated April 13, 2022)

“We are proud to have won this Safe District contract, once again demonstrating the value of our AI-based solution for a variety of vertical markets with multi-billion dollar potential. I’m sure many other customers have similar needs and I hope to follow the Uruguayan authorities, the Israeli government and the American cities that have already contracted us and will choose our sophisticated “battle-proven” solution as a way to improve security. public. Commented Mr. Shai Lustgarten, CEO of OmniQ Corp.

On omniQ Corp.

omniQ Corp. (Nasdaq: OMQS) provides computerized image processing and machine vision solutions that use patented and proprietary artificial intelligence technology to provide real-time data collection, monitoring and surveillance for chain management procurement, homeland security, public safety, traffic and parking management, and access control applications. The company’s technology and services help customers move people, assets and data securely across airports, warehouses, schools, national borders and many other applications and environments.

omniQ customers include government agencies and leading Fortune 500 companies from multiple industries including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, petroleum , gas and chemicals. Since 2014, annual revenue has reached over $50 million from customers in the United States and overseas.

The company currently addresses several billion-dollar markets, including the global safe cities market, which is expected to reach $29 billion by 2022, and the secure ticketless parking market, which is expected to reach $5 billion. $2 billion by 2023. For more information, visit www.omniq.com.

Information about forward-looking statements

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995. Statements Contained in This Press Release Regarding Economic Plans, Strategies, Performance and Trends, Projections of the Results of Specific Businesses or Investments, and Other Statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

This press release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may”, “should”, “shall”, “expect”, “estimate”, “could”, “believe”, “potential” and similar expressions and variations thereof are intended to identify prospective terms. statements. Forward-looking statements should not be construed as a guarantee of future performance or results, and will not necessarily be precise indications of the times at or by which such performance or results will be achieved. Forward-looking statements are based on information available at the time they are made and/or the good faith belief of management at the time regarding future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed or implied by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products, particularly during the current health crisis, the introduction of new products, the Company’s ability to maintaining strategic business relationships with its customers, the impact of product and price competition, growth in targeted markets, the Company’s adequacy of liquidity and financial strength to support its growth, the Company’s ability to manage the credit and debt structures of suppliers, creditors and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information which may be detailed from time to time in documents filed by omniQ Corp . with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include, among others, statements regarding revenue growth, sales drive, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting omniQ Corp., please refer to the company’s recent filings with the Securities and Exchange Commission, which are available at https://www.sec.gov. omniQ Corp. does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

Koko Kimball
(385)-758-9241
[email protected]

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