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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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05/09/2019
Quest Solution to Deploy AI-based Quest Shield TM – Campus Safety Solution at the Salt Lake City Jewish Community Center

Salt Lake City, UT, September 5, 2019 — Quest Solution, Inc., via its HTS division, announces that it has been selected to deploy its Quest Campus Safety SeeCube™ solution at the I.J. & Jeanné Wagner Jewish Community Center in Salt Lake City, Utah.

 

The Quest Shield  security package uses the Company’s SeeCube technology platform, a ground breaking cloud/on-premise based security solution for Safe City and Safe Campus/School applications.  The platform provides unique AI-based computer vision technology and software to gather real-time vehicle data, enabling the Quest Shield to identify and record images of approaching vehicles including color and license plate information.  The license plate is then compared against Internal Campus and Law Enforcement data bases to provide immediate notifications to JCC and Law Enforcement Authorities of a potential suspected intruder.

 

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03/09/2019
Quest/HTs Now at Salt Lake City Airport

September 3, 2019 — Quest/HTS is now operational at the Salt Lake City Airport. The solution deployed at the airport include our fixed cameras at parking lot entrances and exits for Parking Management and Revenue Control and SeeMobile a vehicle based mobile solution where cameras are installed on airport parking management vehicles for vehicle inventory management throughout the airport parking lots.

 

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27/08/2019
Quest Solution Receives $1.3 Million Order for Android-Based Data Collection and Analysis Equipment From Multi-Billion Dollar Company

Salt Lake City, UT, August 28, 2019 — Quest Solution, Inc. (OTCQB: QUES) (“Quest” or “the Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based solutions, announced that it has received a $1.3M purchase order from a Fortune 500 distributor based in the Midwest.

 

The order is for the upgrade of the distributors existing warehouse and inventory management system to a more sophisticated and efficient Android platform in advance of anticipated future growth. The new equipment will enable the use of advanced software on the Android platform, with delivery expected during the third quarter of 2019.

 

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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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