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27/11/2018
Quest Solution Receives Initial Recurring Orders for Ticketless Vehicle Recognition IoT-based Parking Solutions

EUGENE, Ore., Nov. 27, 2018 (GLOBE NEWSWIRE) — Quest Solution, Inc. (QUES) (“Quest” or “the Company”) a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, today announced it has received initial recurring orders for its AI-based Visual Cortex™ sensors for use in vehicle recognition IoT-based ticketless parking solutions.

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20/11/2018
Quest Solution Receives Order for AI-Based “Visual Cortex” Software for Safe City, Transportation Management and Data Collection
  • The “Visual Cortex”¹ Software Imitates the Human Eyes and Brain and is Capable of Detecting, Analyzing and Recognizing Patterns
  • Order Marks Quest’s Entrance into Brazil
  • Recurring Annual Orders are Expected to Follow

Quest today announced it has received an order for its AI-based “Visual Cortex” software package, developed to support traffic management, law enforcement, citations and monitoring. The $220,000 order will initially supply hundreds of software packages for use by a leading integrator in Brazil. Quest anticipates recurring annual follow-on orders for the next 10 years.

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20/11/2018
Quest Solution Reports $42M in Revenue for First Nine Months of 2018
  • Sales up by approximately 4%
  • Cost savings of $0.7M or 29% in salary and employee benefits compared to Q3 2017
  • Higher margin outlook due to acquisition and new Artificial Intelligence (AI) solutions
  • Nine-month Adjusted EBITDA increased to $1.5M

Shai Lustgarten, CEO, commented, “We are pleased to have delivered a solid third quarter, reflected in 3.6% organic growth, increased adjusted EBITDA and a strong order backlog that we believe will drive continued momentum through the end of 2018 and into 2019.

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11/10/2018
Quest Solution Announces the Acquisition of HTS Image Processing, Inc.

Quest Solution Announces the Acquisition of HTS Image Processing, Inc., a Leader in Artificial Intelligence-Based Automated Vision Solutions
 

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13/09/2018
Homeland Security Project

HTS Image Processing Machine Learning for Vehicle Recognition Achieves 97% Accuracy in Critical Homeland Security Project

 

Press release:   Safe City project

 

 

23/01/2018
Teamtronics Inc. acquires HTS LPR/ANPR Business
11/09/2017
HTS Teams up with DESIGNA

HTS Teams up with DESIGNA

Park News –

HTS to deliver complete LPR solution for the Port Authority of New York and New Jersey Airports

HTS Teams up with DESIGNA

July 24, 2017