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21/01/2020
OMNIQ Receives $2.4 Million Purchase Order from Fortune 500 U.S. Retailer with Footprint of More Than 2,200 Stores

Salt Lake City, UT, (January 21, 2020 — OMNIQ Corp. (OTCQB: OMQS) (“Omniq  or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announces that its Quest division has received a purchase order totaling  $2.4 million from a major U.S.-based retail chain to supply data collection, computing, and communication equipment in support of its expanding operations.

 

OMNIQ’s state-of-the-art technology and equipment can be implemented to improve logistics efficiencies that enable better control of shipping/receiving and inventory management.  For this order, OMNIQ will provide rugged mobile tablets for data collection and communication which will be integrated with the customer’s existing logistic system.

 

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21/01/2020
HTS Inside Parking Systems at New York Airports

News article by Designa:

 

“The three-year project launched in 2017, with phased installation beginning in 2018, plans to replace parking systems at John F. Kennedy International Airport (JFK)LaGuardia Airport (LGA) and Newark Liberty International Airport (EWR), three large hub airports that process a combined 7.8 million parking transactions and over $250 million in revenue annually. The project also includes New York Stewart International Airport (SWF), a public and military airport run by the Port Authority”.

 

HTS provided the ALPR solutions:

 

“Entry and exit plaza cameras are providing Automated License Plate Recognition (ALPR) to link individual vehicles to their actual time of entry and exit and to ensure proper fee calculation. A Mobile License Plate Inventory (MLPI) solution has also been implemented to provide Port Authority operations and public safety personnel and parking customers with the location of individual vehicles within the parking facilities”.

 

Kyle Sundin, Manager of Airport Parking and Revenue Systems for the Port Authority, stated that additional objectives were increased automation and next-level customer service and system capabilities. “Automated parking facilities can offer minimal effort and maximum convenience for customers while making better use of space””, says Sundin. “The latest parking technology can decrease costs, increase profitability, streamline operations and increase the efficient use of airport parking services.

 

Article link: https://info.designa.com/designa-largest-parking-system-installation-for-panynj

19/12/2019
OMNIQ’s Machine Vision Vehicle Recognition Solution Selected for Security and Parking Management at Large Macau Casino

Salt Lake City, UT, December 19, 2019 – OMNIQ, Corp. (OTCQB: OMQS) (“OMNIQ” or “the Company”), via its HTS division, announces that it has been awarded a contract for the installation of its AI-based vehicle recognition system for use in security and parking management applications at a large casino in Macau. Developed in Israel by OMNIQ’s R&D team, the AI-based machine vision solution delivers industry-leading accuracy in real-time license plate identification to enhance security as well as enable a parking system that requires less hands on oversight.

 

Shai Lustgarten, CEO of OMNIQ Corp. stated, “Security and safety are the top priorities in a casino environment, and we’re proud that our license plate recognition solution, known for its proven accuracy and effectiveness, has been chosen for use by this large casino operator. Our versatile systems, which not only enhance security but can also improve parking operations, are currently being used at several casino properties in Las Vegas, New Orleans and Lake Tahoe, as well as in other settings, including installations at 30 airports in the U.S., in sensitive zones and hundreds of parking lots around the world.

 

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17/12/2019
OMNIQ Corp. Announces OTC Symbol Change to “OMQS” – Symbol Change Reflects Recent Name Change From Quest Solution Inc. to OMNIQ Corp.

Salt Lake City, UT, December 17, 2019 –OMNIQ Corp. (OTCQB: QUESD) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced today that the Financial Industry Regulatory Authority (“FINRA”), has approved a change in the Company’s stock symbol on the OTC Markets.  Effective December 18, 2019, the Company’s common shares will begin trading on the OTC Markets under the symbol “OMQS”.  The previous trading symbol was “QUES”, followed by a 20-day period when the stock traded as “QUESD”.  There is no action required by current shareholders in connection with this change.

 

Shai Lustgarten, CEO of OMNIQ Corp. commented, “With the recent rebranding of our corporate entity to OMNIQ Corp., we’re pleased to have received approval to change our ticker symbol to OMQS, which complements our name change and aligns our ticker with our corporate brand as we pursue a national exchange listing.  We are excited about the marketplace interest we’re seeing for our industry leading AI-machine vision capabilities and remain focused on providing viable solutions to our existing Fortune 500 customer base and growing our footprint in the markets we serve.”

 

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12/12/2019
OMNIQ AI-Based Machine Vision LPR Solution Now Deployed at 30 U.S. Airports

Salt Lake City, UT, December 12, 2019 – OMNIQ Corp. (OTCQB: QUESD) (“OMNIQ” or “the Company”), via its HTS division, announces that it has been awarded a contract to deploy its AI-based ALPR solution at Richmond International Airport in Virginia. With this contract, OMNIQ’s ALPR solutions are now deployed at 30 airports across the United States, comprising more than 500 LPR lanes, along with dozens of mobile license plate inventory vehicles as well as handheld LPR patrol units. OMNIQ’s AI-based solutions are installed at three of the top five airports and ten of the top twenty airports by passenger count in the U.S.

 

Shai Lustgarten, CEO of OMNIQ Corp. commented, “Our selection by Richmond International Airport demonstrates the continued and growing market recognition of our technology’s ability to provide superior accuracy via our unique customized solution for airports, which utilizes LPR sensor data from fixed, mobile and handheld systems. The proven success of our technology has enabled us to establish a leadership position among providers of AI-based parking and security systems.

 

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27/11/2019
OMNIQ’s AI-based Automatic License Plate Reader (ALPR) Systems Selected for Additional Deployment at the Salt Lake City International Airport

Salt Lake City, UT, November 26, 2019 –OMNIQ Corp. (OTCQB: QUESD) (“OMNIQ” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, via its HTS division, announces that it has been awarded a follow-on order to deploy its AI-based ALPR solution to an additional 22 lanes at the Salt Lake City International Airport.  The airport serves more than 26 million passengers a year and is in the process of building a new terminal complex including new parking garages.

 

Shai Lustgarten, CEO of OMNIQ Corp. commented, “We are very proud to expand our partnership with our hometown airport in Salt Lake City with this additional contract to deploy our ALPR systems.  We look forward to providing our technology and solutions in continued support of the airport’s expansion of its infrastructure and traffic and parking management systems.

 

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19/11/2019
Quest Solution Announces Name Change to OMNIQ Corp. and Reverse Stock Split

Salt Lake City, UT, November 18, 2019 — Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), announced that it has changed its corporate name to OMNIQ Corp. to better reflect its evolved business which now includes Artificial Intelligence (AI)-based computer vision solutions.

 

Shai Lustgarten, CEO, commented, “Following our recently announced record $45M in revenue for the nine months ended September 30, 2019 and the successful integration of our state-of-the-art AI-machine vision capabilities acquired thirteen months ago, we believe it makes sense to rebrand at the corporate level under the name OMNIQ, which we believe better represents the all-encompassing nature of our products and solutions.  At the operating level, our supply chain business will continue to be known as Quest Solution and our AI business will continue to operate under the HTS brand.  With our enhanced AI capabilities, Quest has broadened its market penetration to include the high growth verticals of Public Safety, Safe City and Safe Campus/Schools; Homeland Security and Ticketless Parking.  Moreover, our AI technology enables us to offer innovative unique solutions to our loyal Fortune 500 customers in the multi-billion dollar digital supply chain market.”

 

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13/11/2019
Quest Solution Receives Two Purchase Orders Totaling $3.4 Million for In-Truck Rugged Computing and Communication Equipment

Salt Lake City, UT, November 13, 2019 — Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, received two purchase orders for the total amount of $3.4M from a major U.S.-based transportation and logistics firm for the supply of mobile in-truck computing and communication equipment.

 

Quest’s state-of-the-art equipment improves logistics efficiencies by enabling more accurate control of shipping/receiving and inventory management. To fulfill this order, the Company will provide truck mounted rugged mobile tablets with cellular communication to be integrated with the customer’s logistic system. In addition to logistics management, the equipment assists the gathering of data required as set forth by the U.S. Department of Transportation’s Hours of Service regulation.

 

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08/11/2019
Quest Solution Achieves Record Nine-Month Revenue of $45.8M; Gross Profit Increases 35% to Record $11.7M in First Nine Months

Salt Lake City, UT, November 8, 2019 — Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced its financial results for the three and nine month periods ended September 30, 2019.

 

  • Record nine months revenue of $45.8M, an 8% increase compared to 2018
  • Record nine months gross margin of 26% up from 21% margin in the first nine months of 2018
  • Record Q3 2019 gross income of $3.5M or 27% compared to $2.7M or 20% in Q3 2018
  • Total liabilities decreased by $3.6M
  • Adjusted EBITDA of $0.5M for Q3 2019 and $2M for the nine month period
  • Shareholders’ Equity of $5.2M as compared to $2.3M at December 31, 2018
  • SeeCube™ Artificial Intelligence offering gaining traction in the marketplace; several orders received during third quarter

Shai Lustgarten, CEO, commented, “Quest continues to drive momentum as evidenced by record revenues of $45.8 million and gross margin of 26% for the first nine months of 2019. We’re energized by the interest our solutions are receiving in the marketplace. Our third quarter gross income grew by $0.8M to $3.5M and gross margin improved to 27% compared to 20% in the third quarter of 2018, despite a slight decrease in our revenue, which reflected a shift in our revenue mix toward higher margin AI-Machine Vision solutions. These AI-based Machine Vision offerings are the growth engine for our Company, and can enhance and support applications across a broad variety of end markets including law enforcement, homeland security as well as supply chain and inventory management.

 

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06/11/2019
Quest Solution Appoints John F. Whiteman as Director of Sales; Industry Leader Brings Extensive Computer Vision Experience

Salt Lake City, UT, November 5, 2019 — Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), announced the appointment of John F. Whiteman as Director of Sales. In his new role, Mr. Whiteman will oversee the sales organization with a focus on accelerating the closing of existing sales opportunities, and meeting and exceeding sales budgets while growing the sales pipeline. Mr. Whiteman plans to leverage his experience with the strength of the Company’s sales professionals and the support of the marketing team to drive sales growth of all of Quest’s offerings.

 

Shai Lustgarten, CEO of Quest stated, “John is an accomplished and seasoned executive with a long track record of establishing and growing both start-ups and multi-million dollar businesses. Many at our organization have previously worked with John given he was formerly a senior executive at HTS, the Company we acquired to add our proprietary computer vision technology. John is a respected leader in this industry with an intimate knowledge of the technology and deep relationships across the end markets. We welcome him on board and look forward to his contribution.”

 

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29/10/2019
Quest Solution Announces Installation of SeeCube™ Vehicle Make and Color Recognition Solution, in a Large Scale Safe District Project

Salt Lake City, UT, October 29, 2019 — Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), via its HTS division, announces that its recently launched Artificial Intelligence (“AI”) based, patented SeeCubesolution has been selected to upgrade a major safe district security system in a highly sensitive region. The SeeCube Visual Cortex algorithm was selected because it enables a vehicle recognition system that combines vehicle make and color recognition capabilities with license plate number recognition technology.

 

As part of the selection process, the SeeCube solution underwent several months of intensive testing by one of the most advanced homeland security agencies in the world for this retrofit application. SeeCube surpassed performance expectations, delivering industry leading accuracy in real-time license plate, make and model identification. This large-scale safe district application utilizes hundreds of deployed cameras.

 

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16/09/2019
Quest’s HTS Vehicle Recognition Solution Featured in Intel® AI Builders Solutions Catalog

Salt Lake City, UT, September 16, 2019 — Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”),a provider of Supply Chain and Artificial Intelligence (AI)-based solutions announces that its HTS division’s Vehicle Recognition Parking Revenue Control solution is featured in the current Intel® AI Builders Solutions Catalog. The catalog provides optimized AI solutions that assist in the automation of processes to help improve business performance. The catalog may be accessed via the following link: Access Catalog Here. Click on the Solutions Catalog at the top of the navigation.

 

The HTS Vehicle Recognition Parking Management and Revenue Control System enables commercial parking operators to use a License Plate Recognition system (LPR) to create ticketless and even gateless pay by plate solutions for a parking facility for quicker entry and exit. LPR can also provide 24/7 coverage of a facility, enabling accurate billing and preventing leakage.

 

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