omniQ Announces Follow on orders for its AI Based Machine Vision System for a Major US Fast Food Chain with 800+ locations.

• The Purchase Order follows the initial orders announced on August 11, 2022.
  
  

SALT LAKE CITY, Oct. 25, 2022 (GLOBE NEWSWIRE) -- OMNIQ CORP. (NASDAQ:OMQS) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has received additional purchase order from a Major American Casual Fast Food Chain with 800+ locations.

The follow-on Purchase Order – for additional locations - includes both hardware and AI based software to provide real time and historical information to staff and play a crucial role in helping the locations drive improved customer service and revenue growth.

Shai Lustgarten, CEO commented “We are very encouraged to announce this follow-on order just a few months after breaking into this scalable multi-billion Dollar opportunity of Quick Service Restaurants (QSR). We believe that the penetration to the retail market and the QSR with our AI technology represents a mega opportunity for growth and profitability. Utilizing OmniQ’s technology will provide our customers new ways to better understand consumers consumption habits while improving each unique customers interaction. Our AI solutions are successfully used for public safety, traffic control, automation of Parking, terror prevention and law enforcement. The new retail and QSR markets create a new dimension to our business which we hope to be a game changer for us”.

Omniq’s proprietary technology will integrate into the CRM (Customer Relationship Management system) allowing for dynamic decisions based on each unique customer visit. This first of a kind integration will also include vital data collection services providing a more complete solution.

Lustgarten continued: “The current employment environment is challenging to all industries especially the retail and restaurant sector. Companies are looking for ways to handle fewer employees while improving the level of customer service. We are thrilled to be bringing our proprietary AI based solution into the fast-food industry as part of our strategic plan, helping to alleviate pressures many companies are facing today while improving the customer experience.”.

This order follows the recent announcements of projects and purchase orders including the receipt of a $29 Million project for supply chain equipment from a Fortune 100 corporation, the award of an $11 Million project for the Government of Israel and the award of $4.1 Million for supply chain and data collection systems, resulting in an all- time backlog of orders and projects.

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.

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Contact: 

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Koko Kimball

385-758-9241