BEN-GURION AIRPORT, TEL-AVIV, AWARDS OMNIQ TO DEPLOY ITS FINTECH SOLUTION OFFERING OMNIQ’S SELF ORDERING KIOSKS FOR TAXI SELF ORDERING/RESERVATIONS
OMNIQ Corp. receives an initial order for thirty Kiosks at Ben Gurion Airport, enabling Fintech payment solutions and quick taxi reservations. The collaboration with GETT aims to revolutionize the travel experience, ensuring convenience, safety, and fairness for passengers.
The introduction of OMNIQ's smart kiosks at Ben Gurion Airport represents a strategic move in the travel and transportation sector. It's a significant development that could potentially disrupt the traditional taxi service model at airports. By offering a seamless and secure taxi ordering experience, OMNIQ is positioning itself to capture a share of the airport transportation market, which is substantial given the 20 million passengers passing through Ben Gurion annually.
From a market research perspective, this innovation could lead to increased revenue streams for OMNIQ and GETT, as well as enhanced customer satisfaction. The ability to prepay and the provision of a unique code for each booking are features that can differentiate the service from competitors, potentially influencing consumer choice and loyalty. If successful, this model could be replicated in other airports globally, leading to further growth opportunities for OMNIQ.
However, the adoption rate of new technologies can vary and it will be essential to monitor how quickly passengers transition from traditional taxi hailing to using these kiosks. Market penetration will depend on factors such as ease of use, perceived security and the effectiveness of marketing strategies to raise awareness among travelers.
The initial order for thirty of OMNIQ's kiosks, while not a large number, is a key indicator of the company's potential growth trajectory. This deal could be seen as a pilot project that, if successful, may lead to larger orders and partnerships with other airports and service providers. Financially, the long-term benefits for OMNIQ could be significant if the kiosks lead to a recurring revenue model through transaction fees or service agreements.
Investors should consider the scalability of OMNIQ's technology and the potential for global expansion. The collaboration with GETT, who has secured exclusive rights for rides from Ben Gurion Airport, also suggests a strong strategic partnership that could enhance the financial stability and market position of both companies.
It's important to note that the upfront investment in technology and infrastructure will impact OMNIQ's short-term financials. Investors should look for future financial statements to assess the return on investment and the impact on the company's profit margins.
The deployment of AI-based smart kiosks by OMNIQ at a major international airport is a noteworthy advancement in the field of Fintech and automation solutions. The integration of real-time updates, multi-language support and secure payment options into these kiosks reflects an increasing trend in the use of technology to enhance customer experiences.
Technologically, the success of such systems hinges on reliability, user-friendliness and security. The use of advanced technology to provide a seamless and secure taxi ordering experience is a critical factor that could set a new standard in the industry. OMNIQ's approach to addressing safety concerns through technology could also be a catalyst for broader adoption of similar systems in other high-security environments.
As technology continues to evolve, the potential for further enhancements, such as integration with mobile apps and other digital platforms, could provide additional value and convenience to users. The technical robustness of OMNIQ's solutions will be key to their sustained success and influence on the market.
03/14/2024 - 08:45 AM
Initial order received for thirty of omniQ’s Kiosks. Enabling omniQ’s Fintech payment solution and its quick Taxi reservation functionality. omniQ’s solution allows passengers to immediately after landing, reserve rides avoiding long wait time, saving time and improving customer service. omniQ’s customer, GETT, won the exclusive rights to perform the rides and pick up passengers from the Airport to anywhere in Israel. Another omniQ Fintech solution offering unique automation, improving customer experience, saving time and money. Ben Gurion (Tel Aviv) Airport is the main gate from Israel to the world, serving approximately 20 Million passengers per year. SALT LAKE CITY, March 14, 2024 (GLOBE NEWSWIRE) -- In a significant stride towards revolutionizing the travel experience at Ben Gurion Airport, OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a leading provider of Artificial Intelligence (AI)-based and sophisticated Fintech and automation solutions, in collaboration with GETT, the official Airport approved taxi service, is set to introduce a cutting-edge system designed to ensure convenience, time saving and fairness to travelers hailing taxis at Israel's primary international gateway.
For years, travelers arriving at Ben Gurion Airport have faced challenges with local taxi services, including safety concerns. Addressing these issues, OMNIQ's innovative solution aims to provide a seamless and secure taxi ordering experience, leveraging advanced technology to protect and enhance the traveler's journey.
Addressing the Challenge with Advanced Technology
OMNIQ's to deploy its smart kiosks at strategic locations within Ben Gurion Airport. These kiosks, equipped with an intuitive and user-friendly interface, offer travelers a reliable and straightforward method to book and pay for taxi services directly upon arrival. This initiative is part of a broader effort to improve the overall safety and efficiency of airport taxi services, ensuring a positive first impression of Israel for tourists and citizens alike.
The Revolutionary Solution: Ensuring Safety and Fairness
The partnership between OMNIQ and GETT introduces a dual approach to taxi service booking: through the GETT smartphone app and the OMNIQ smart kiosks. This ensures that all travelers, regardless of their access to mobile devices, can enjoy a convenient and secure way to book their rides. The system's features include:
Prepaid Convenience: Utilizing OMNIQ’s Fintech solutions, travelers can prepay for their taxi rides, ensuring transparent and fixed pricing. Secure and Monitored: A unique code is provided for each booking, allowing passengers to identify their assigned taxi, enhancing security and peace of mind. Technological Excellence: OMNIQ's smart kiosks offer real-time updates, multi-language support, and secure payment options, setting a new standard in customer service technology. A New Benchmark in Airport Transportation
This innovative collaboration is not merely an upgrade to the existing taxi service but a transformation of airport transportation. By focusing on technology, safety, and customer satisfaction, the initiative aims to serve as a model for airports worldwide, establishing a new benchmark for convenience and reliability in airport taxi services.
Shai Lustgarten, CEO of OMNIQ, expressed enthusiasm about the project, stating, "We are excited to collaborate with GETT, an innovative transportation pioneer with a strong presence in Israel and the United Kingdom. We are deploying the first 30 Kiosks, with expectations to double the number in the near future. Our collaboration with GETT, to upgrade the taxi services at Ben Gurion Airport, highlights OMNIQ's dedication to harnessing AI, advanced Fintech solutions and automation to enhance everyday experiences. By integrating advanced technologies and automation, this project represents a key achievement in our journey to innovate and deliver solutions that prioritize safety, streamline efficiency, and elevate the satisfaction of travelers across the globe. We are looking forward to joining GETT in other locations as well offering the system in larger markets"
As OMNIQ and GETT usher in a new era of airport taxi services, the future looks promising for travelers seeking a safe, fair, and convenient start to their journey in Israel.
About OMNIQ Corp.
OMNIQ Corp. excels in providing state-of-the-art computerized and machine vision image processing technologies, anchored in its proprietary and patented artificial intelligence innovations. The Company's extensive range of services spans advanced data collection systems, real-time surveillance, and monitoring capabilities catered to various sectors, including supply chain management, homeland security, public safety, as well as traffic and parking management. These innovative solutions are strategically designed to secure and optimize the movement of individuals, assets, and information across essential infrastructures such as airports, warehouses, and national borders.
The Company serves a broad spectrum of clients, including government agencies and esteemed Fortune 500 corporations across several industries—manufacturing, retail, healthcare, distribution, transportation, logistics, food and beverage, and the oil, gas, and chemical sectors. By adopting OMNIQ Corp.'s advanced solutions, these organizations are better equipped to manage the intricacies of their domains, thereby enhancing their operational effectiveness.
OMNIQ Corp. has established a significant footprint in rapidly expanding markets. This includes the Global Safe City sector, predicted to reach $67.1 billion by 2028, the smart parking industry, expected to escalate to $16.4 billion by 2030, and the fast-casual restaurant market, projected to hit $209 billion by 2027. These engagements reflect the Company's strategic alignment with industries that are witnessing a growing need for cutting-edge AI technology solutions.
For additional information, please visit www.OMNIQ.com
Information about GETT please visit: https://www.gett.com/uk/
Information about forward-looking statements
This press release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, specifically under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, which address expected future events, economic performance, and financial outcomes, are not historical facts but predictions based on current expectations and projections.
Such forward-looking statements, identifiable by terms like "anticipate," "expect," "may," "believe," and similar expressions, should not be seen as guarantees of future results. They are based on the information available at the time of making and reflect management's current expectations about future events. These statements are subject to various risks and uncertainties that could cause actual results to differ significantly from those projected or implied. Some of these risks include fluctuations in product demand, the introduction of new offerings, maintaining customer and strategic relationships, competitive pressures, market growth, financial liquidity, debt management, and the ability to integrate new acquisitions effectively.
Specific forward-looking statements in this release include expectations regarding financial strategies, revenue growth, and operational improvements. For a detailed discussion of risks and uncertainties that could affect OMNIQ Corp.'s future performance, please refer to our recent filings with the Securities and Exchange Commission at https://www.sec.gov
Contact Info:IR@OMNIQ.com
The initial order for thirty Kiosks at Ben Gurion Airport marks a significant step towards revolutionizing the travel experience, enabling Fintech payment solutions and quick taxi reservations.
OMNIQ Corp. collaborates with GETT, the official Airport approved taxi service, to introduce the cutting-edge system at Ben Gurion Airport.
Ben Gurion Airport serves approximately 20 Million passengers per year, making it Israel's primary international gateway.
OMNIQ's smart kiosks offer an intuitive interface for booking and paying for taxi services, ensuring convenience and transparency for travelers.
The partnership aims to ensure safety, fairness, and convenience for travelers by offering a dual approach to taxi service booking through the GETT app and OMNIQ smart kiosks.
