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23/08/2019
Quest Solution Launches SeeCube™; Safe City/ Safe District Vehicle Make and Color Recognition Solution Utilizing AI and Advanced Image Processing Algorithm

Quest Solution, Inc. via its HTS division, has begun deploying its Artificial Intelligence (“AI”)-based, patented SeeCubesolution utilizing its Visual Cortex algorithm, a revolutionary vehicle recognition system that combines vehicle make and color recognition capabilities with license plate number recognition technology.

 

SeeCube is a ground breaking cloud/on premise based security solution for Safe City and Safe Campus/School applications, using unique AI-based computer vision technology and software to gather real-time vehicle make and model data to supplement license plate identification capabilities to prevent crimes and terrorists from escaping by changing or removing the license plate.

 

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13/08/2019
Quest Solution Achieves Record First Half Results; Revenues Increase 13% to $32.7M and Gross Profit Increases 37% to Record $8.2M

SALT LAKE CITY, Aug. 06, 2019 — Quest Solution, Inc. a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced its record financial results for the three and six month periods ended June 30, 2019. Shai Lustgarten, CEO, commented, “2019 is shaping up to be a record and breakthrough fiscal year for Quest. In the first half of the year we achieved over $32.7M in sales, a 13% growth over the first six months of 2018 and during the second quarter we delivered substantially enhanced record gross margin of 26% up from 21% in the same quarter last year, reflecting the shift in our revenue mix towards higher margin AI- Machine Vision solutions. This in turn was reflected in record gross profits of $8.2M.”

 

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13/08/2019
Quest Solution Announces $2.3M in Orders for Mobile Android-Based Data Collection Equipment from Leading International Automotive Company

Salt Lake City, UT, August 13, 2019 — Quest Solution, Inc.  a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced orders valued at $2.3 million for plant automation and inventory management equipment from one of the world’s largest automotive corporations. The project will integrate mobile Android based computerized equipment with the customer’s existing logistic management system for the automation of more than ten plants in North America, with delivery expected during the third quarter of 2019.

 

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08/05/2019
Quest Solution Awarded Additional $1.8M in Purchase Orders for Data Collection Equipment from Food Distributor Servicing the U.S. and Canada

SALT LAKE CITY, May 08, 2019  — Quest Solution, Inc. announced today that it has received approximately $1.8 million in additional purchase orders from one of the largest food distributors in the U.S. for the supply of handheld mobility products designed to collect, identify, track and trace assets as well as share and connect collected inventory data to the distributor’s internal IT system.

 

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30/04/2019
Quest Solution Receives a $1.8 Million Purchase Order from a Multinational Third-Party Logistics Firm

SALT LAKE CITY, Utah, April 30, 2019 — Quest Solution, Inc. (QUES) announced today that it has received a $1.8 million purchase order from a large third party logistics firm for the supply of technical support for mobile data capture and automatic identification equipment for the tracking and management of assets.

 

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24/04/2019
Quest Solution to Present at ThinkEquity Conference in New York City

Quest Solution, Inc. announced today that Shai Lustgarten, President & Chief Executive Officer, will present at the ThinkEquity Conference on May 2, 2019 at 11:00 a.m. ET. The conference will be held at the Mandarin Oriental Hotel in New York City. Mr. Lustgarten will be available for one-on-one meetings throughout the day.

 

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23/04/2019
Quest Solution Integrates AI-Based Vehicle Recognition System with Law Enforcement Department Database for Community Safety and Crime Prevention

SALT LAKE CITY, April 22, 2019  — Quest Solution, Inc. announced today that it has integrated its Vehicle Recognition (VR) solution with the database of a municipal law enforcement department in a major U.S. state. The integration allows Quest to detect and provide real-time alerts to the state law enforcement department regarding license plate numbers (LPNs) that are considered to be suspicious.

 

The solution, which supports police in reducing crime and also increases protection of schools and other soft targets, provides local law enforcement with immediate alerts of tagged license plates once detected by one of Quest’s AI-based cameras.

 

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09/04/2019
Quest Solution, Inc. Announces $5 Million Private Placement

SALT LAKE CITY, April 04, 2019 — Quest Solution, Inc. (QUES) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced it has entered into a securities purchase agreement with institutional and accredited investors, which will result in gross proceeds to Quest of approximately $5 million, before deducting placement agent fees and estimated offering expenses.

 

ThinkEquity, a division of Fordham Financial Management, Inc. is acting as sole placement agent for the offering.

 

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04/04/2019
Quest Solution Announces the U.S. Launch of AI-Based Smart Ticketless Parking Solution

SALT LAKE CITY, April 02, 2019 (GLOBE NEWSWIRE) — Quest Solution, Inc. (“Quest” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, today announced the U.S. launch of its AI-based Machine Vision Automatic Vehicle Recognition solution for the full automation of ticketless “smart” parking services.

 

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15/03/2019
Quest Solution in the News – AI Stands Guard for the Future: How AI is Being Used in Security

As AI technology is optimized and becomes more available, its implementation into both cyber and real world security is fast becoming a necessity in staying ahead of future threats. AI has many obvious uses in the world of cybersecurity but that doesn’t mean it can’t be applied to real world security situations just as well.

 

Quest Solution, Inc. a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced that it was selected to install a state-of-the-art AI-based safety and security system on the campus of a Pre-K – 12 preparatory School in South Florida. This system will provide enhanced safety for students, faculty and visitors to the school. For safety reasons the name of the school is not disclosed.

 

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13/03/2019
Quest Solution Awarded a U.S. Patent for Cloud-Based Automatic License Plate Recognition (ALPR) Management

SALT LAKE CITY, March 13, 2019 — Quest Solution, Inc. announced that its HTS Image Processing, Inc. (“HTS”) wholly-owned subsidiary has been awarded a patent from the U. S. Patent Office for a patent titled “Cloud-Based ALPR Management”. The patent covers the Company’s new cloud-based architecture for the deployment of LPR/ALPR systems.

 

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06/03/2019
Quest Solution Awarded $7 Million Project from Leading U.S. Supply Chain & Logistics Firm

SALT LAKE CITY, March 06, 2019  — Quest Solution, Inc. (OTCQB: QUES), announced it has been awarded a project from a leading supply chain and logistics provider in the U.S. for the supply of vehicle mounted rugged computers for the collection of sophisticated data and logistics management. The project is valued at $7 million, with $5 million expected to be billed during fiscal year 2019 and the balance in 2020.

 

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