SPAR CONTRACTED OMNIQ TO DEPLOY SELF-CHECKOUT SOLUTIONS AND ADVANCED ESL SYSTEM IN THEIR NEW ISRAELI MARKET

• OMNIQ Contracted by SPAR International to install a State-of-the-Art comprehensive in-store System with remotely managed (ESL)Electronic Shelf Labels and the most user-friendly Self-Checkout equipment.
• SPAR is one of the largest Supermarket chains in the world with more than 13,900 stores in over 49 countries on four continents, meeting the needs of over 14.7 million consumers every day.
• OMNIQ’s Shelf Labeling (ESL) solutions offer advantages in performance, with a centralized administration enabling full control of prices, eliminating the need to print paper labels for every price/merchandise change on the shelves.
• The SPAR project targets enhancing fintech capabilities within their retail environments.

SALT LAKE CITY, March 25, 2024 (GLOBE NEWSWIRE) -- In a significant stride towards advancing their fintech position (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a leading provider of Artificial Intelligence (AI)-based image processing technologies and supply chain management solutions, is proud to announce a strategic partnership with SPAR international.

This collaboration will see the deployment of OMNIQ’s cutting-edge self-checkout and ESL systems. The Netherlands-based retailer operates in 49 countries and has recently expanded to the Israeli market. OMNIQ deployed self-checkout systems designed for this project. This initiative underscores SPAR's commitment to enhancing customer convenience, streamlining shopping experiences, and offering competitive prices.

By integrating OMNIQ’s solutions, SPAR aims to significantly reduce wait times, improve operational efficiency, and foster a more sustainable shopping environment. This collaboration not only reflects SPAR's dedication to innovation but also solidifies its position as a leader in the retail sector, keen on adopting solutions that benefit consumers and communities alike.

OMNIQ’s CEO expressed enthusiasm about the partnership, stating, "Our collaboration with SPAR is a testament to our shared vision of leveraging technology to meet evolving consumer needs. We hope to expand our relationship to additional countries, approaching thousands of stores worldwide. We are proud to contribute to a shopping revolution that prioritizes efficiency, sustainability, and customer satisfaction."

This strategic deployment is anticipated to set a new standard in retail, offering SPAR customers a seamless, efficient, and enjoyable shopping experience, thereby reinforcing OMNIQ’s role as a pivotal player in retail innovation.