OMNIQ’S AI BASED MACHINE VISION SOLUTION PURCHASED FOR THE EL SALVADOR INTERNATIONAL AIRPORT
20 Septiembre 2023 - 7:45AM
OMNIQ Corp. (NASDAQ: OMQS)
(“OMNIQ” or “the Company”), a provider of Artificial Intelligence
(AI)-based solutions, today announced that the Company is deploying
its AI enhanced parking and security solution to the El Salvador
International Airport.
CEO Shai Lustgarten stated “The increasing
demand for our AI-based solution has been a driving force behind
our growth in all AI related verticals. As we continue to expand
our presence in the United States, we are thrilled to announce our
first deployment in a central American International Airport.
Serving as the third busiest airport in the region, with over 3.4
million passengers annually, we eagerly anticipate witnessing the
progress and benefits of our robust technology. With more than 60
US airports already relying on our system, it was a natural step
for us to embark on global expansion. Through our close
partnerships, we anticipate that additional airports in Central
America will soon follow El Salvador International. We thank our
local partners TAS a reputable Technology Company in Central
America for this breakthrough project and look forward for mutual
success in the region.”
Lustgarten continued “Our esteemed customers are
harnessing the power of our fixed, mobile and handheld technologies
to enhance safety, accuracy, streamlining operations, and boost
revenue generation. Additionally, the implementation of our
seamless solution has significantly improved the overall customer
experience and we look forward to continued
success.”
omniQ’s Machine Vision AI based patented
proprietary technology is based on a Neural Network algorithm
developed by omniQ’s scientists and selected time after time to
serve strategic missions for public security, increasing automation
and improving quality of life in the most sensitive areas of
transportation.
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, 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, forecast to grow to $5.2 billion by 2023 and the
fast casual restaurant sector expected to reach $209 billion by
2027.
For more information please visit www.omniq.com.
Information about Forward-Looking
Statements
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995. Statements in this press
release relating to plans, strategies, economic performance and
trends, projections of results of specific activities 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 release contains “forward-looking
statements” that include information relating to future events and
future financial and operating performance. The words “anticipate”,
“may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,”
“potential” and similar expressions and variations thereof are
intended to identify forward-looking statements. Forward-looking
statements should not be read as a guarantee of future performance
or results and will not necessarily be accurate indications of the
times at, or by, which that performance or those results will be
achieved. Forward-looking statements are based on information
available at the time they are made and/or management’s good faith
belief as of 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 in
or suggested by the forward-looking statements. Examples of
forward-looking statements include, among others, statements made
in this press release regarding the closing of the private
placement and the use of proceeds received in the private
placement. 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
customer and strategic business relationships, the impact of
competitive products and pricing, growth in targeted markets, the
adequacy of the Company’s liquidity and financial strength to
support its growth, the Company’s ability to manage credit and debt
structures from vendors, debt holders and secured lenders, the
Company’s ability to successfully integrate its acquisitions, and
other information that may be detailed from time-to-time in OMNIQ
Corp.’s filings with the United States Securities and Exchange
Commission. Examples of such forward looking statements in this
release include, among others, statements regarding revenue growth,
driving sales, 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
Securities and Exchange Commission filings, which are available
at https://www.sec.gov. OMNIQ Corp. undertakes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
unless otherwise required by law.
Contact Info:IR@omniq.com
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