omniQs CEO sounds closing bell Nasdaq Stock Market

SALT LAKE CITY, October 08, 2021 (GLOBE NEWSWIRE) — omniQ Corp. (NASDAQ: OMQS) (omniQ of the Company), a provider of artificial intelligence (AI) and IoT-based solutions, today announced that Shai Lustgarten, the company’s CEO, will ring the Nasdaq Stock Market Closing Bell. This comes after the company began listing its common stock on the Nasdaq Capital Market on September 2, 2021.

The ceremony begins today at approximately 3:45 PM ET and can be viewed live on https://www.nasdaq.com/marketsite/bell-ringing-ceremony.

About omniQ Corp.
omniQ Corp. (NASDAQ: OMQS) provides automated and machine vision image processing solutions that leverage proprietary and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic and parking management, and access control applications . The technology and services provided by the company help customers move people, assets and data safely and securely across airports, warehouses, schools, national borders and many other applications and environments.

omniQ’s customers include government agencies and leading Fortune 500 companies from a variety of industries, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas and chemicals. Since 2014, annual sales have grown to more than $50 million from customers in the US and abroad.

omniQ recently announced the completion of the acquisition of 51% of the shares of Dangot Computers Ltd (Dangot). omniQ has an option to buy the remaining 49% of the share capital. Dangot is an Israel-based leader in providing innovative technologies, including: frictionless automated order processing and digital payment processing products for the retail, fast food and parking markets; integrated workstations for physicians, drug delivery and blood testing; robotics for smart warehouses; point of sale, self-check-in management and other advanced solutions.

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The company is currently targeting several multi-billion dollar markets, including the Global Safe City market, which is expected to grow to $29 billion by 2022, and the Ticketless Safe Parking market, which is expected to grow to $5.2 billion in 2023. For more information, visit www.omniq.com.

Information about forward-looking statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release regarding plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical fact may Forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

This press release contains forward-looking statements that contain information about future events and future financial and operating performance. The words anticipate, may, would, will, expect, estimate, may, believe, potential and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and are not necessarily accurate indications of the times when or by which such performance or results will be achieved. Forward-looking statements are based on information available at the time of making and/or management’s good faith belief at the time regarding future events and are subject to risks and uncertainties that could cause actual performance or results differ materially from those expressed or implied by the forward-looking statements. Key factors that can cause these differences include: fluctuations in demand for the company’s products, particularly during the current health crisis, the introduction of new products, the company’s ability to develop customer and strategic business relationships. maintenance, the impact of competitive products and prices, growth in target markets, the adequacy of the company’s liquidity and financial strength to support its growth, the company’s ability to manage credit and debt structures of sellers, debt holders and secured lenders , the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time to time in omniQ Corp.’s filings. with the US Securities and Exchange Commission. Examples of such forward-looking statements in this press release include statements regarding revenue growth, sales promotion, operational and financial initiatives, cost reduction and profitability and business simplification. For a more detailed description of the risk factors and uncertainties omniQ Corp. effect, please refer to the company’s recent filings of the Securities and Exchange Commission, which are available at https://www.sec.gov . omniQ Corp. assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.

James Carbonara
Hayden Iri
(646)-755-7412
[email protected]

Brett Maas
Hayden Iri
(646) 536-7331
[email protected]