OMNIQ AWARDED A FOLLOW-ON PURCHASE ORDER FOR ITS AI-BASED MACHINE VISION SOLUTION TO BE INSTALLED IN A CRITICAL HOMELAND SECURITY PROJECT

• OMNIQ continuous selection by one of the most demanding defense authorities thanks to its superior “battle proven” performance.
• Winning features included patented make and color recognition combined with outstanding accurate License Plate Recognition (VRS including LPR).
• Awarded project, located in one of the most sensitive spots worldwide, designed for Terror Prevention.
• OMNIQ team expanded AI capabilities to crowd management and high occupancy vehicles (HOV).

SALT LAKE CITY, April 25, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced that the Company has received a follow on order to provide its, AI-based machine vision safety solution to a top, defense authority for the prevention of terror attacks in a sensitive zone outside the US.

The project includes the deployment of hundreds of AI based sensors and software with powerful computers to provide vital real time performance. OMNIQ’s safety system is a groundbreaking cloud and/or on-premises-based security solution for Homeland Security, Safe City, and Safe Campus applications that uses unique, patented AI-based machine vision technology and software to gather real-time data in order to monitor & control access, provide intelligence, and prevent crimes and acts of hostility. OMNIQ’s algorithm is based on a neural network model complimented by machine learning, having deployed over 20,000 cameras and capturing millions of cars enabling OMNIQ to provide superior performance saving lives and improving safety of large populations.

“Our reselection, based on our performance and the unique - proven features, is likely the strongest and most important vote of confidence in the performance of our reliable, highly sophisticated solution. We are fulfilling this follow-on order with the highest level of pride and responsibility,” said Shai Lustgarten, CEO of OMNIQ. “We can proudly say, that today, OMNIQ’s AI based solutions are deployed in some of the most sensitive regions of the world and have been proven as an essential tool in crime and terror prevention. We provide critical notifications and intelligence to homeland security organizations based on the most sophisticated AI and machine learning technology. “

About OMNIQ Corp.

OMNIQ Corp. (NASDAQ: OMQS) 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 sector, predicted to reach $67.1 billion by 2028, the smart parking industry, expected to escalate to $16.4 billion by 2030, and the fast-casual restaurant market, projected to hit $209 billion by 2027.

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