SALT LAKE CITY, Aug 11, 2021 (GLOBE NEWSWIRE) – omniQ Corp. (OTCQB: OMQS) (“omniQ” or “the Company”), an object identification company providing artificial intelligence (AI) -based technological solutions to supply chain automation markets, of Traffic Management, Public Safety and Safe City, today announced that management will present to:
Sidoti’s micro-capitalization virtual summer conference
To learn more about the event or to schedule a one-on-one meeting with management, please contact your conference representative or [email protected]
About omniQ Corp.
omniQ Corp. (OTCQB: OMQS) provides computerized image processing and machine vision solutions that use patented and proprietary AI technology to provide real-time data collection, monitoring and control for chain management. procurement, homeland security, public safety, traffic and parking management, and access control applications. The technology and services provided by the Company help customers move people, assets and data securely across airports, warehouses, schools, national borders and many other applications and environments.
OmniQ’s customers include government agencies and leading Fortune 500 companies across multiple industries including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, oil, gas and chemicals. Since 2014, annual revenues have reached over $ 50 million from customers in the United States and overseas.
omniQ recently announced the closing of its acquisition of 51% of Dangot’s share capital. omniQ has an option to purchase the remaining 49% of the share capital. Dangot is an Israeli leader in providing innovative technologies, including: frictionless automated order fulfillment and digital payment processing products for the retail, fast food and parking markets; integrated workstations for doctors, administration of drugs and blood tests; robotics for smart warehouses; point of sale, self-check-in management and other cutting-edge solutions.
The company currently caters to several multi-billion dollar markets, including the global Safe City market, which is expected to reach $ 29 billion by 2022, and the secure ticketless parking market, which is expected to grow to $ 5.2 billion. dollars by 2023. For more information, visit www.omniq.com.
Information on forward-looking statements
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release regarding economic plans, strategies, performance and trends, projections of business or investment results specific, and other statements which are not descriptions of historical fact 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 press release contains “forward-looking statements” which include information relating to future events and to future financial and operational performance. The words “anticipate”, “could”, “would”, “will”, “expect”, “estimate”, “can”, “believe”, “possible” and similar expressions and their variations are intended to identify statements. Forward-looking statements should not be interpreted as a guarantee of future performance or results, and will not necessarily be precise indications of when or by which such performance or results will be achieved. Forward-looking statements are based on information available at the time they are made and / or on the good faith belief of management at 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 or suggested by forward-looking statements. 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 commercial and strategic relationships with its customers, the impact of product and price competition, growth in target markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the capacity of the Company to manage the credit and debt structures of suppliers, creditors and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information which may be detailed from time to time in documents filed by omniQ Corp. with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this press release include, among others, statements regarding revenue growth, sales stimulation, operational and financial initiatives, cost reduction and profitability, and operations simplification. For a more detailed description of the risk factors and uncertainties affecting omniQ Corp., please refer to recent documents filed by the Securities and Exchange Commission, which are available at https://www.sec.gov. omniQ Corp. assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law.