OMNIQ ANNOUCES INSTALLMENT OF ITS MACHINE VISION BASED YARD MANAGEMENT SYSTEM

SALT LAKE CITY, May 19, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”) a leading provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has implemented its Machine Vision Yard Management System for the logistics center in the largest Israeli sea port.

Shai Lustgarten, the CEO of omniQ, commented “I am excited to participate in the implementation of a substantial logistics center. As a prominent player in the smart kiosk industry, we are proud to contribute by deploying outdoor kiosks that effectively address the issue of extended wait times during check-ins for truck drivers. In addition, our kiosks advise the driver on the specific location of loading and unloading. This helps streamline operations within the logistics center thereby optimizing overall efficiency.

Additionally, our access control function enhances security measures by preventing unauthorized drivers from entering the seaport by properly identifying and registering each individual driver. By integrating cutting-edge technologies such as cameras, machine vision based facial recognition, and our advanced software, the kiosks offer a comprehensive solution that effectively addresses multiple requirements and concerns. This holistic approach reinforces our commitment to delivering innovative and integrated solutions that drive positive outcomes for our customers.”

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.