omniQ was recently featured in a research article by Ashok Kumar, PhD, CFA of Think Equity.
His findings show just how incredible omniQ is doing and how phenomenal our future looks.
Supply Chain – Data Analytics and Intelligence Platforms. Many supply chain organizations are
looking to speed up end-to-end decision-making based on connected data sources, allowing
them to react to current and anticipated future disruptions quickly. Vying for a bigger share
of the supply chain data analytics and intelligence technology market, OMNIQ is repositioning
its solutions to span broader capabilities. This has resulted in offering an encompassing data
platform in support of augmented data intelligence in the supply chain.
Acquisition offers an opportunity to accelerate the adoption of OMNIQ’s AI solutions to automate the supply chain.
With the acquisition of Dangot, OMNIQ has created a $91
million 2020 pro forma revenue company. The acquisition provides key capabilities in AI,
object identification, and automation company, technology building blocks to drive growth and
stronger financial results.
Contract Win Highlights.
Machine Vision Security Solution at Port of Ashdod. During the third
quarter, OMNIQ received an order to deploy Q Shield, its AI-based machine vision security
solution, at Port of Ashdod (Israel).
Machine Vision Solution at Strategic Border Checkpoint. Also during the third quarter, OMNIQ
received an order to deploy its AI-based MV solution at the border checkpoint between Israel
Campus Management. The company received a 10-year contract from La Sierra University to
deploy its PERCS software for campus management.
Airport AI Technology Deployments. OMNIQ announced its AI-based OMNIQ vision solution
would be deployed at Miami International Airport. OMNIQ vision is now deployed at 40-plus
airports including Atlanta, Dallas Fort Worth, Los Angeles International Airport, and John F.
Kennedy Airport in New York.
Continued Order Momentum. After the quarter ended, OMNIQ announced more than $13
million in purchase orders in October.
Self-Order Kiosks. OMNIQ announced in the third quarter that Aroma, the largest coffee chain
as Israel, had selected Dangot to provide its self-service kiosks. By the end of 2022, OMNIQ will
install 250 self-ordering kiosks at the Aroma Israeli branches.
Dangot’s innovative product offerings continue to be adopted in Israel and are also a fit for
OMNIQ’s target markets.OMNIQ offers a comprehensive solution under one roof, combining
AI solutions, supply chain automation solutions and the new Dangot product. This supports
the company’s road map to be a leading provider through object identification of unique
automation and efficiency solutions.
OMNIQ offers a comprehensive platform solution that combines all three of its offerings – AI
solutions, supply chain automation, and the new Dangot offerings. OMNIQ’s total offering is a
competitive differentiator and provides value-add for customers. The comprehensive approach
is an evolution of the company’s product roadmap to a platform provider of turnkey object
identification solutions that enables supply chain automation and related efficiencies.
OMNIQ has been selected by several cities for long-term installment of AI machine vision
systems for public safety and law enforcement. The acquisition of Dangot, creates many new
opportunities, in addition to improving the balance sheet, profitability, and cash flow.
Read the full report here
Read full PDF here
Contact the author Ashok Kumar, PhD, CFA at
- Electronic Signage
- Asset Management
- RFID Hardware
- RFID Software
- Route Accounting
- Field Sales and Delivery
- Food and Beverage
- Transportation and Logistics
- Industry Solutions
- Warehouse and Distribution
- Safe City
- Safe City
- Border Protection