Follow-on order from a $1B plus regional LTL trucking company with over 80 logistic centers in North America
SALT LAKE CITY, Feb. 24, 2022 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions has received a $1.0 million purchase order from one of the largest U.S.-based less-than-truckload (LTL) firms. The purchase order calls for additional support services as part of on-going mobility platform upgrade.
The LTL firm has been a customer of omniQ for 20+ years and has been experiencing rapid growth in the transportation and logistics space and has invested further into IT support platforms with OmniQ and Zebra technologies. The follow-on order supports earlier purchases of rugged all-touch computers for workers inside or outside the four walls which allows for complete cellular network flexibility, faster WiFi connections, superior barcode capture, a high quality color rear camera for photos and videos, a front-facing 5MP color camera for video calls and soft keys for one-touch access to the most frequently used features. The state-of-the-art device improves logistics efficiencies by enabling quick and accurate control of shipping/receiving and inventory management, all based on the advanced Android Operating System. This same customer is evaluating additional products and services for driver support and safety as a next generation direction.
Shai Lustgarten, President & CEO at omniQ, commented, “The longevity of our client relationships reflects the quality of our solutions and demonstrates the power of our Fortune 500 customer base and the advantages of our business model. This order comes from a growing and successful customer that has been investing in innovation and efficiencies based on omniQ technology for over two decades. We are grateful for our enduring relationship with top tier customers like this one and many others and look forward to serving them for decades to come.”
About OMNIQ Corp.
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 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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