What’s Going On With OMNIQ Corp?
OMNIQ Corp (OMQS) stock remained flat on Wednesday after the company secured a purchase order valued at $1.5 million for IoT “Contactless” data collection from a leading freight transportation and logistics company. Shares of the company remained unchanged from yesterday’s EOD price of $8.75 a share.
What Does This Mean For OMNIQ Corp?
The purchase order is being used for rugged mobile computers with respect to DC operations conducting automation of processes, digital monitor and control, and efficiencies through the supply chain level.
From the beginning of fiscal year 2021, we’re experiencing a strong momentum that continues with this order from one of the largest freight transportation and logistics companies in the world and we are honored that OMNIQ was chosen to provide the technology and hardware to support its international supply chain operations,” said Shai Lustgarten, CEO of OMNIQ. Adding, “following the announced orders from different verticals like healthcare, retail, transportation and logistics, parking management and homeland security we leverage our very strong and loyal customer base that combined with the quality of our solutions form a strong base for future growth.”
Offering a “contactless” approach to the customer’s retail and logistics operations, OMNIQ’s suite of supply chain mobility solutions allows accurate data collection and tracking and processing for critical supermarket functions.
OMNIQ Corp., together with its subsidiaries, provides artificial intelligence (AI)-based solutions in the United States. The company offers computer vision image processing-based solutions using AI technology to deliver data collection, and real time surveillance and monitoring for supply chain management, homeland security, public safety, traffic and parking management, and access control applications.