Welcome to our dedicated page for Omniq news (Ticker: OMQS), a resource for investors and traders seeking the latest updates and insights on Omniq stock.
OMNIQ CORP (OMQS) generates frequent news and updates around its AI-based computer vision, machine vision processing, and automation technologies. Company press releases highlight deployments of license plate recognition, access-control systems, and intelligent parking and enforcement platforms across airports, healthcare institutions, universities, and municipal operations.
News coverage for OMNIQ often focuses on new contracts and expansions, such as AI access-control projects at a public research university in Wisconsin, mobility and security upgrades at a major medical institution in Texas, and airport parking automation at Houghton County Airport (CMX). These announcements describe how OMNIQ’s systems automate license plate scanning, streamline vehicle entry and exit, manage permits and payments, and support traffic and parking enforcement.
Investors and observers can also find updates on OMNIQ’s Mobile License Plate Inventory (MLPI) deployments, where mobile AI analytics platforms are rolled out across airports, healthcare systems, and business complexes. Additional news items cover financial results, strategic divestitures of legacy assets, and the company’s focus on Smart Automation and AI-driven products.
This news page aggregates OMNIQ’s press releases and related coverage so readers can follow developments in its AI, computer vision, and automation businesses, including contract wins, sector-specific deployments, and financial and strategic updates. For those tracking OMQS, it offers a centralized view of how the company’s technology is being adopted in real-world environments and how its business focus evolves over time.
OMNIQ Corp. (NASDAQ: OMQS) will host a conference call and webcast on April 1, 2022, at 11:00 AM Eastern Time to discuss its financial results for Q4 and the full year ended December 31, 2021. Participants can dial in 5-10 minutes prior to the call. The toll-free number is 888-506-0062 for U.S. callers and 973-528-0011 for international participants. A replay will be available post-event. OMNIQ provides AI-driven solutions for supply chain management and serves various sectors, with annual revenues exceeding $50 million.
OMNIQ Corp. (NASDAQ: OMQS) announced a purchase order for its Smart Digital Pricing System (SDPS) to equip 42 branches of a supermarket chain in Israel, received through its subsidiary, Dangot Computers Ltd. This system allows simultaneous price updates across branches, reducing labor costs and minimizing human errors. OMNIQ aims to expand this solution to major U.S. supermarket chains, tapping into the $1 trillion North American grocery market. The company continues to focus on AI and sophisticated solutions to enhance efficiency in retail operations.
OMNIQ Corp. (NASDAQ: OMQS) has secured a three-year $3.5 million service project from a leading global logistics company, reflecting confidence in OMNIQ’s advanced supply chain solutions. The contract focuses on technical support for mobile computerized equipment supplied previously. With a backlog of orders at the start of 2022, OMNIQ's annual revenues have exceeded $50 million, driven by clients across various sectors. The company is positioned in lucrative markets like the Global Safe City market, projected to reach $29 billion in 2022.
OMNIQ Corp. (NASDAQ: OMQS) has announced the rollout of 1,000 Smart Buy and Go (SBG) units for a major Israeli supermarket chain, aiming to enhance the shopping experience by eliminating checkout lines. The initiative aligns with OMNIQ's strategy of leveraging automation and AI solutions to create efficiencies. The SBG solution, offered at a competitive price compared to other smart carts, promises quicker returns for retailers. OMNIQ plans to introduce SBG to Fortune 500 customers in the U.S., tapping into the $1 trillion North American grocery market.
OMNIQ Corp. (NASDAQ: OMQS) has secured a $1 million follow-on order from a leading U.S.-based less-than-truckload (LTL) trucking company, which has been a customer for over 20 years. This order supports an ongoing mobility platform upgrade, enhancing logistics efficiencies with advanced devices for real-time shipping and inventory management. OMNIQ's revenue has risen to over $50 million since 2014, and the company is poised for future growth in markets projected to reach billions.
OMNIQ Corp. (NASDAQ: OMQS) has successfully deployed its Q Shield™ vehicle recognition systems in Adrian, Georgia, enhancing public safety through AI technology. This system helps local law enforcement identify vehicles with expired registrations or no insurance. The technology leverages over 17,000 installed sensors globally to provide timely alerts for vehicles on wanted lists. The company's business model focuses on a recurring revenue share with city authorities, contributing to improved public safety and law enforcement effectiveness.
OMNIQ Corp. (NASDAQ: OMQS) has been invited to present at the Take Aim: Lake Street's Shooting Sports & Public Safety Investor Conference, scheduled for January 26-27, 2022. The company will engage in one-on-one and group calls with investors on January 27. OMNIQ specializes in AI-based machine vision solutions for supply chain management and public safety, serving government agencies and Fortune 500 companies. With annual revenues exceeding $50 million and opportunities in growing markets such as Safe Cities and Ticketless Parking, OMNIQ continues to innovate amidst increasing demand.
OMNIQ Corp. (NASDAQ: OMQS) has received an order to supply 500 AI-integrated kiosks from its Israeli subsidiary, Dangot Computers Ltd. This project is from a major US automated solutions provider operating in over 250 cities and generating over $1 billion in revenue.
The rollout will see the first 100 kiosks shipped by December 2021, with the remaining units distributed over 18 months. CEO Shai Lustgarten highlighted the rapid market penetration and demand for these advanced kiosks as key indicators of product success.
OMNIQ Corp. (NASDAQ: OMQS) announced the completion of its acquisition of an additional 26% stake in Dangot Computers Ltd., increasing its ownership to 77%. The acquisition, paid with $4,035,000 from working capital and a bank loan, aims to enhance OMNIQ's AI and supply chain solutions. Dangot, a profitable automation leader in Israel, offers products across various sectors. OMNIQ expects to leverage Dangot's innovations to strengthen its US sales and integrate AI products into joint supply chain operations, positioning the company for growth in the expanding global markets.
OMNIQ Corp. (NASDAQ: OMQS) has acquired an additional 26% stake in Dangot Computers Ltd., raising its ownership to 77%. The transaction, worth approximately $4.1 million, is expected to close on November 24, 2021. This acquisition enhances OMNIQ's position in automation and digital payment solutions across various sectors, including healthcare and retail, with expected revenues of approximately $91 million for pro forma 2020. OMNIQ anticipates integration into the U.S. market to yield swift positive results, particularly leveraging Dangot's established reputation and innovative technologies.
FAQ
What is the current stock price of Omniq (OMQS)?
What is the market cap of Omniq (OMQS)?
