OMNIQ Contracted to Supply Israel Logistic Center

• New 463,000 sqft ultra-modern center is the largest and best equipped in Israel.
• Competitive win over several leading international logistic companies based on best-in-class service, equipment and reputation.

SALT LAKE CITY, Oct. 31, 2023 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced it has received a multi-year, supply and maintenance contract from a leading Israeli logistic Company with more than 700 warehouses around the world and over 70,000 employees.

Shai Lustgarten, CEO of OMNIQ commented, “This is another significant order from one of Israel’s largest logistics and supply chain companies servicing the area’s newest state-of-the art centers. We are excited to supply a complete IoT (internet of things) equipment package leading to more efficient supply chain operations. This competitive win shows once again our commitment and reputation for providing the best products and service to our customers worldwide. While Israel is facing challenging times, this order points to signs of continued investment activity and resiliency in the Israeli technology and logistics sector. In addition, our security AI equipment is deployed in several locations in the middle east and worldwide including border control in the US and Israel as well as public safety and law enforcement in Florida and Atlanta (among others) in the US, South America and the Far East.”

About omniQ

omniQ Corp. provides machine to machine solutions that reduce human error and increase productivity. They do this in two ways: AI-based machine-vision image processing solutions and IoT devices. These solutions 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 increase safety and security for people, thier assets, and thier data. omniQ solutions provide increased 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, oil, gas, and chemicals.

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, forecasted to grow to $6.3 billion by 2028 and the fast casual restaurant sector expected to reach $209 billion by 2027.

Contact Info: IR@omniq.com