omniQ Corp (OMQS) Receives $4.0 Million Purchase Agreement from Midwest-Based Third-Party Logistics Client

October 27, 2021 8:46 AM EDT

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OMNIQ Corp (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that it has received an approximately $4.0 million purchase agreement from a top, Midwest based third party logistics (3PL) client. omniQ will supply Android-based rugged data collection, computing and communication equipment to the 3PL customer’s distribution centers across the United States. The 3PL customer has annual revenue of over $400 million and more than 3,000 employees. The multi-year deployment is valued at approximately $4.0 million, which includes an immediate $400,000 opening delivery.

The rugged all-touch computer for workers inside or outside the four walls has complete cellular network flexibility, faster WiFi connections, superior barcode capture, a high quality color rear camera for photos and videos, a front-facing 5MP color camera for video calls and soft keys for one-touch access to the most frequently used features. The state of the art device improves logistics efficiencies by enabling quick and accurate control of shipping/receiving and inventory management, all based on the advanced Android Operating System.

Shai Lustgarten, President and CEO at omniQ, commented, “Following the $7.8 million award announced just a few days ago, this $4.0 million order is yet another example of repeat business, demonstrating the value of omniQ’s existing customer base and highlights the quality of omniQ’s solutions. Moreover, our Company has built a solid repuntatio as experts in sophisticated Android implementation providing supply chain solutions comprised of cutting edge technology and software.”

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