OMNIQ Secures $1.4 Million Contract Renewal with Leading Transportation & Logistics Giant
Omniq Omniq (US:OMQS) GlobeNewswire News Room·2024-10-30 12:30

Core Insights - omniQ has secured a $1.4 million contract renewal with a leading transportation and logistics company, highlighting its long-term partnership and trust built over nearly 20 years [2][3] - The renewed agreement includes the supply of advanced Android-based rugged IoT devices, software subscriptions, and maintenance services, aimed at enhancing operational efficiency during peak demand periods [3][4] - omniQ's recent achievements include deploying smart kiosks for a major fast-food chain and being recognized as a top provider of smart city solutions in 2024, reflecting its growth strategy and commitment to innovation [4][5] Company Overview - omniQ Corp. specializes in AI-driven supply chain and smart city solutions, utilizing patented technology for real-time object identification and monitoring across various applications [5][6] - The company has experienced significant growth, with annual revenues more than doubling since 2014, reaching $81 million in 2023, and serves clients in over 40 countries [6] - omniQ's customer base includes government agencies and Fortune 500 companies across multiple sectors, indicating a diverse market presence and robust demand for its solutions [6]