OMNIQ Corp. (OTCQB: OMQS) ("OMNIQ" or "the Company"), a leading
provider of AI- based solutions and supply chain management,
proudly announces the deployment of its advanced AI-based parking
control solution, PERCS™, integrated with WPS Parking Solutions and
Citywide Solutions, Inc. (CSI), at a prominent medical center in
Ohio.
This strategic implementation will create
ongoing SaaS and revenue share streams of income for omniQ® and
underscores The Company’s commitment to enhancing operational
efficiency and security in critical healthcare environments.
The newly deployed AI-Based access control
solution provides the medical center with a comprehensive system
for managing parking assignments. The system enables the medical
center to allocate specific parking areas based on the type of
parking pass issued, ensuring that access is restricted to
authorized personnel only.
Key Features
of the AI-Based
Parking Control
Solution:
- Customized Parking
Assignments: The system allows the medical center to give
specific parking assignments to registered parkers, granting access
to designated areas while restricting access to unauthorized
zones.
- Customer-Facing
Portal: Users can register their vehicles, make
changes, and receive warnings and notifications through an
intuitive online portal, enhancing user experience and
convenience.
- Cloud-Based
Management: The solution is cloud-based, allowing
for centralized management and updates across multiple locations
nationwide.
- Enhanced Security
Measures: PERCS includes standard features such as
multiple hot lists and allow lists, ensuring robust security and
efficient parking management.
Shai Lustgarten, CEO of OMNIQ, commented, "Our
partnerships have enabled us to add significant functionality to
our AI machine vision solution, creating even more value for our
customers. This collaboration not only enhances the user experience
but also expands the possible use cases for our product."
About OMNIQ
Corp:
OMNIQ Corp. (OMQS) provides computerized and
machine vision image processing solutions that use patented and
proprietary AI technology to deliver real time object
identification, tracking, surveillance and monitoring for the
Supply Chain Management, Public Safety, and Traffic Management
applications. The technology and services provided by the Company
helps clients move people, objects and manage big data safely and
securely through airports, warehouses, schools, and national
borders and in 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 more than doubled,
reaching $81 million in 2023, from clients in more than 40
countries.
The Company currently addresses several
billion-dollar markets with double-digit growth, including the
Global Smart City & Public Safety markets.
For more information, visit www.omniq.com.
About WPS Parking Solutions
WPS Parking Solutions is a leading provider of
innovative parking management systems that enhance the customer
experience and optimize operational efficiency. WPS offers a range
of solutions tailored to meet the unique needs of various sectors,
including healthcare, commercial, and public parking
facilities.
For more information, please visit:
https://www.wpsparking.com/
About Citywide Solutions
Citywide Solutions, Inc. (CSI), offers
consultation, engineering, installation, and training for security
and low voltage systems. The company is committed to service,
communication, and accountability, ensuring customer satisfaction
by completing service requests promptly. Initially focused on
Central Ohio, CSI has expanded into multiple markets due to growing
customer demand, while maintaining its dedication to high- quality
customer service and lasting relationships with vendors,
contractors, and customers.
For more information, please visit:
www.citywidesolutionsinc.com
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 Information:
IR@omniq.com
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