OMNIQ Scoops $7.8 Million Contract From Top US Food Distributor

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Smart devices and are connected  show  astatine  the 2015 Internet of Things Solutions World Congress successful  Barcelona, connected  Sept. 16, 2015. (Josep Lago/AFP/Getty Images)

Smart devices and are connected show astatine the 2015 Internet of Things Solutions World Congress successful Barcelona, connected Sept. 16, 2015. (Josep Lago/AFP/Getty Images)

OMNIQ Corp. won a $7.8 cardinal acquisition statement from 1 of the largest nutrient distributors successful the U.S. and North America.

OMNIQ volition person to proviso mobile computerized IoT instrumentality designed to collect, identify, way and hint assets, and stock and link arsenic portion of the proviso concatenation strategy of the customer.

OMNIQ has present received implicit $13 cardinal successful orders from the aforesaid starring nutrient distributor since February.

The caller task volition rotation retired crossed organisation centers successful the U.S. and Canada, starting successful December and continuing into the archetypal fractional of 2022.

“This $7.8 cardinal caller bid follows a $6.1 cardinal declaration we received successful Q1 2021 from the aforesaid customer,” OMNIQ CEO Shai Lustgarten said.

“Repeat concern is simply a beardown ballot of assurance successful OmniQ’s full IoT solutions, demonstrating the spot of our lawsuit basal and the advantages of our concern model.”

Price Action

OMQS shares traded higher by 1.25 percent astatine $10.13 successful the marketplace league connected the past cheque Friday.

By Anusuya Lahiri 

© 2021 The Epoch Times. The Epoch Times does not supply concern advice. All rights reserved.

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