omniQ Announces Purchase Orders for Its AI-Based Parking and Security Solution for Four Additional Airports in Texas and California

OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company is deploying its AI-enhanced parking and security solutions to four (4) additional airports bringing it’s total deployment to 57 Airports across the country.

omniQ’s Machine Vision AI-based patented proprietary technology is based on a Neural Network algorithm developed by omniQ’s scientists and selected time after time to serve strategic missions for public security, increasing automation and improving quality of life in the most sensitive areas of transportation.

CEO Shai Lustgarten stated “We are honored to be selected once again to deploy our AI based Machine Vision solution in four (4) more major Airports in the US, this time in both Texas and California. One of the Texas deployments will include 100 lanes at an International Airport with 5 terminals and 161 total gates, handling over 30 million passengers per year and is the fourth largest multi-airport system in the US and the ninth busiest commercial airport in the country. In addition we are deploying to another key Airport in Texas as well as two (2) significant Airports in California. Secure parking access with high accuracy and equally high speed through vehicle recognition is an important component to both public safety, revenue management and the overall customer experience. We are happy to have these additional airports join our growing list of over 50 airports served by our company and partners including locations like JFK, EWR, PHL, ATL, MIA, DFW, CMH, KCI and LAX.”

About omniQ

omniQ provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management and access control applications. The technology and services provided by the Company help clients move people, assets and data safely and securely through airports, warehouses, schools, national borders, and many other applications and environments.

omniQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.

The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023. For more information, visit www.omniq.com.