SALT LAKE CITY, Jan. 04, 2023 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Firm”), a supplier of Synthetic Intelligence (AI)-based options, right now introduced that the Firm has been chosen by the Cities of Mitchellville, Iowa and Jewell, Iowa to deploy its Q Protect Secure Metropolis System, based mostly on automobile recognition techniques (VRS) expertise and its cloud based mostly quotation administration platform. Q Protect^™ identifies any automobile driving by the town which is on a Nationwide Crime Info Middle (NCIC) knowledge base or the cities native Bureau of Investigations Database and cites violators who drive by the town with excellent visitors violations, and supply notifications for regulation enforcement and native authorities, that permit proactive actions stopping dangers from changing into occasions. Q Protect^™ is utilized by regulation enforcement as a power multiplier and a powerful investigation software. The system will even establish extra alerts corresponding to for unregistered autos.

Shai Lustgarten, CEO commented “With continued momentum in our Secure Metropolis product, Q Protect^™, we’re excited to develop our footprint within the state of Iowa. With the addition of Mitchellville and Jewell, we now have 16 cities below contract nationwide. Our pipeline continues to develop each in Iowa and in a number of different states throughout the nation. That is vital for not solely our firm but in addition for the folks and communities who’ve trusted our expertise to enhance on a regular basis lives with an unbiased method. Along with added safety, every metropolis advantages financially with using our Car Recognition Expertise including to the general affect of partnering with OMNIQ. We stay up for persevering with the momentum and reaching vital recurring income for a few years to come back”

Q Protect, OMNIQ’s AI-based machine imaginative and prescient VRS answer makes use of patented Neural Community algorithms that imitate human brains for sample recognition and decision-making. Greater than 17,000 OMNIQ AI based mostly machine imaginative and prescient sensors are put in worldwide, together with roughly 7,000 within the U.S. Primarily based on superior accuracy and patented options like identification of make and coloration, mixed with superior accuracy based mostly on the subtle algorithm and machine studying that largely is determined by accrued knowledge supplied by hundreds of sensors already deployed.

About OMNIQ Corp: 

OMNIQ Corp. offers computerized and machine imaginative and prescient picture processing options that use patented and proprietary AI expertise to ship knowledge assortment, real-time surveillance and monitoring for provide chain administration, homeland safety, public security, visitors & parking administration, and entry management functions. The expertise and providers supplied by the Firm assist shoppers transfer folks, property, and knowledge safely and securely by airports, warehouses, colleges, nationwide borders, and lots of different functions and environments.

OMNIQ’s prospects embody authorities companies and main Fortune 500 firms from a number of sectors, together with manufacturing, retail, distribution, meals and beverage, transportation and logistics, healthcare, oil, fuel, and chemical substances.

The Firm at the moment addresses a number of billion-dollar markets, together with the International Secure Metropolis market, forecast to develop to $29 billion by 2022, and the Ticketless Secure Parking market, forecast to develop to $5.2 billion by 2023 and the quick informal restaurant sector anticipated to achieve $209 billion by 2027.

For extra info please go to www.omniq.com.

Details about Ahead-Wanting Statements

“Secure Harbor” Assertion below the Personal Securities Litigation Reform Act of 1995. Statements on this press launch regarding plans, methods, financial efficiency and tendencies, projections of outcomes of particular actions or investments, and different statements that aren’t descriptions of historic details could also be forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995, Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934.

This launch incorporates “forward-looking statements” that embody info regarding future occasions and future monetary and working efficiency. The phrases “anticipate”, “could,” “would,” “will,” “count on,” “estimate,” “can,” “imagine,” “potential” and comparable expressions and variations thereof are meant to establish forward-looking statements. Ahead-looking statements shouldn’t be learn as a assure of future efficiency or outcomes, and won’t essentially be correct indications of the occasions at, or by, which that efficiency or these outcomes will likely be achieved. Ahead-looking statements are based mostly on info out there on the time they’re made and/or administration’s good religion perception as of that point with respect to future occasions, and are topic to dangers and uncertainties that would trigger precise efficiency or outcomes to vary materially from these expressed in or prompt by the forward-looking statements. Examples of forward-looking statements embody, amongst others, statements made on this press launch concerning the closing of the personal placement and using proceeds acquired within the personal placement. Vital elements that would trigger these variations embody, however aren’t restricted to: fluctuations in demand for the Firm’s merchandise significantly throughout the present well being disaster, the introduction of recent merchandise, the Firm’s skill to take care of buyer and strategic enterprise relationships, the affect of aggressive merchandise and pricing, progress in focused markets, the adequacy of the Firm’s liquidity and monetary energy to help its progress, the Firm’s skill to handle credit score and debt constructions from distributors, debt holders and secured lenders, the Firm’s skill to efficiently combine its acquisitions, and different info which may be detailed from time-to-time in OMNIQ Corp.’s filings with the US Securities and Change Fee. Examples of such ahead wanting statements on this launch embody, amongst others, statements concerning income progress, driving gross sales, operational and monetary initiatives, price discount and profitability, and simplification of operations. For a extra detailed description of the chance elements and uncertainties affecting OMNIQ Corp., please check with the Firm’s current Securities and Change Fee filings, which can be found at https://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, except in any other case required by regulation.

Contact: 
IR Contact
Koko Kimball
385-758-9241
kkimball@omniq.com