OMNIQ has signed an agreement with the city of Watkinsville,


  • 3-year revenue sharing agreement signed with the city to deploy OMINQ’s Q Shield ™ solution
  • The solution is part of the Safe City force multiplier initiative by omniQ
  • Q Shield ™ is based on patented features such as brand and color identification combined with superior precision based on sophisticated algorithm and machine learning

SALT LAKE CITY, June 15, 2021 (GLOBE NEWSWIRE) – OMNIQ Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), an object identification company providing technological solutions based on artificial intelligence (AI) to the markets of the safe city, traffic management, of Public Safety and Supply Chain Automation, today announced that it has been selected by the City of Watkinsville, Georgia to deploy its Q Shield ™ vehicle recognition and management platform. cloud-based citations to provide its police department with alerts and notifications to vehicles and vehicle license plates linked to a criminal investigation, in addition to supporting the city’s efforts in issuing citations to con artists.

Q Shield ™, OMNIQ’s AI-based machine vision VRS solution uses patented neural network algorithms that mimic the human brain for pattern recognition and intelligent decision making. Over 17,000 OMNIQ AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the United States.

Chief Shannon Brock – Town of Watkinsville Police Chief said, “As we continually aim to improve our law enforcement operations across the city with limited resources, budgets and staff, we are delighted to be able to provide our city with an omniQ solution, “

“As providers of our AI-based machine vision solutions to government entities around the world for the prevention of terrorism and crime, and as providers of cloud-based software platforms for mitigation and permit and citations management, we are delighted to partner with the City of Watkinsville in the deployment and operation of Q Shield ™. Our system, Q Shield ™, is uniquely designed to be a law enforcement multiplier for towns and cities across the United States and a unique way to generate additional income for the city. Deploying Q Shield ™ in cities such as Watkinsville is a strategic goal for omniQ and our partnership with the city of Watkinsville is an important step in achieving this, ”said Shai Lustgarten, CEO of OMNIQ.

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: OMQS) provides computerized image processing and machine vision solutions that use patented and proprietary AI technology to provide real-time data collection, monitoring and control for chain management. procurement, homeland security, public safety, traffic and parking management, and access control applications. The technology and services provided by the Company help customers move people, assets and data securely across airports, warehouses, schools, national borders and many other applications and environments.

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

The company currently caters to several multi-billion dollar markets, including the global Safe City market, which is expected to reach $ 29 billion by 2022, and the secure ticketless parking market, which is expected to grow to $ 5.2 billion. dollars by 2023. For more information, visit www.omniq .com.

Information on forward-looking statements

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to economic plans, strategies, performance and trends, projections of specific business or investment results and other statements that are not descriptions of historical fact 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” which include information relating to future events and to future financial and operational performance. The words “anticipate”, “could”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “possible” and similar expressions and variations thereof. these are intended to identify statements. Forward-looking statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be precise indications of when 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 on the good faith belief of management at that time with respect to future events, and are subject to risks and uncertainties. that could cause actual performance or results to differ materially from those expressed or suggested by 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 maintain commercial and strategic relationships with its customers, the impact of product and price competition, growth in target markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the capacity of the Company 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 press release include, among others, statements regarding revenue growth, sales stimulation, operational and financial initiatives, cost reduction and profitability, and operations simplification. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to recent documents filed by the company with the Securities and Exchange Commission, which are available at https: //www.sec. gov. OMNIQ Corp. assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.

Investor contact:

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

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

Source link

Leave A Reply

Your email address will not be published.