EX-99.1
2
ex99-1.htm
Exhibit 99.1
OMNIQ
Closes its Previously Announced notice to Acquire an Additional 26% of Dangot Computers Increasing its Ownership of Dangot Computers
to 77%
SALT
LAKE CITY, Nov. 30, 2021 (GLOBE NEWSWIRE) - OMNIQ Corp. (NASDAQ:OMQS) (OMNIQ" or the "Company"), a provider
of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, has closed on its
previously announced notice to
acquire an additional 26% of Dangot Computers Ltd. ("Dangot") increasing OMNIQ's ownership to 77%
, effective from
October 1st, 2021. The Company has paid $4,035,000 from its working capital and a straight loan from an Israeli commercial bank.
Dangot
is a profitable prominent player in the field of automation and frictionless equipment. Its systems have gained an excellent reputation
and significant market share in the demanding Israeli market, offering worldwide innovations to multiple verticals like healthcare, retail,
restaurants and warehouse automation.
Based
on the five months of working together, management of OMNIQ strongly believes that Dangot's innovative product offerings fit OMNIQ's
target markets, and as such will be leveraged by its strong sales team in the US market. At the same time, OMNIQ believes it can accelerate
merging its AI products into the supply chain customers served by both companies.
About
OMNIQ Corp.
OMNIQ
Corp. 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.
Information
about Forward-Looking Statements
"Safe
Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans,
strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that
are not descriptions of historical facts may be 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
release contains "forward-looking statements" that include information relating to future events and future financial and
operating performance. The words "anticipate", "may", "would", "will", "expect,"
"estimate", "can", "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 will not necessarily be accurate indications of the times at, or by, which that performance or those results will be
achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith
belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance
or results to differ materially from those expressed in or suggested by the forward-looking statements. Examples of forward-looking statements
include, among others, statements made in this press release regarding the closing of the private placement and the use of proceeds received
in the private placement. Important factors that could cause these differences include, but are not limited to: fluctuations in demand
for the Company's products particularly during the current health crisis, the introduction of new products, the Company's
ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted
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 from vendors, 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 United States Securities
and Exchange Commission. Examples of such forward looking statements in this release include, among others, statements regarding revenue
growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For
a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company's recent Securities
and Exchange Commission filings, which are available at https://www.sec.gov. OMNIQ Corp. undertakes 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.
Investor
Contact:
James
Carbonara
Hayden
IR
(646)-755-7412
james@haydenir.com
Brett
Maas
Hayden
IR
(646)
536-7331
brett@haydenir.com
About
OMNIQ Corp.
omniQ
Corp. (OTCQB: OMQS) 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.
omniQ
recently announced the closing of its acquisition of 51% of the capital stock of Dangot. omniQ has an option to purchase the remaining
49% of the capital stock. Dangot is an Israeli based leader in providing innovative technologies including: frictionless automated order
processing & digital payment processing products for the retail, fast food and parking markets; integrated work stations for physicians,
drug delivery and blood tests; robotics for smart warehouses; point of sales, self-check in management, and other state of the art solutions.
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
.

EX - 99 . 1 2 ex99 - 1 . htm Exhibit 99 . 1 OMNIQ Closes its Previously Announced notice to Acquire an Additional 26 % of Dangot Computers Increasing its Ownership of Dangot Computers to 77 % SALT LAKE CITY , Nov. 30 , 2021 ( GLOBE NEWSWIRE ) - OMNIQ Corp . ( NASDAQ : OMQS ) ( OMNIQ " or the " Company " ) , a provider of Supply Chain and Artificial Intelligence ( AI ) - based Machine Vision solutions , has closed on its previously announced notice to acquire an additional 26 % of Dangot Computers Ltd . ( " Dangot " ) increasing OMNIQ 's ownership to 77 % , effective from October 1 st, 2021 . The Company has paid $ 4,035,000 from its working capital and a straight loan from an Israeli commercial bank . Dangot is a profitable prominent player in the field of automation and frictionless equipment . Its systems have gained an excellent reputation and significant market share in the demanding Israeli market , offering worldwide innovations to multiple verticals like healthcare , retail , restaurants and warehouse automation . Based on the five months of working together , management of OMNIQ strongly believes that Dangot 's innovative product offerings fit OMNIQ 's target markets , and as such will be leveraged by its strong sales team in the US market . At the same time , OMNIQ believes it can accelerate merging its AI products into the supply chain customers served by both companies . About OMNIQ Corp . OMNIQ Corp . 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 . Information about Forward - Looking Statements " Safe Harbor " Statement under the Private Securities Litigation Reform Act of 1995 . Statements in this press release relating to plans , strategies , economic performance and trends , projections of results of specific activities or investments , and other statements that are not descriptions of historical facts may be 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 release contains " forward - looking statements " that include information relating to future events and future financial and operating performance . The words " anticipate " , " may " , " would " , " will " , " expect , " " estimate " , " can " , " 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 will not necessarily be accurate indications of the times at , or by , which that performance or those results will be achieved . Forward - looking statements are based on information available at the time they are made and / or management 's good faith belief as of that time with respect to future events , and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward - looking statements . Examples of forward - looking statements include , among others , statements made in this press release regarding the closing of the private placement and the use of proceeds received in the private placement . Important factors that could cause these differences include , but are not limited to : fluctuations in demand for the Company 's products particularly during the current health crisis , the introduction of new products , the Company 's ability to maintain customer and strategic business relationships , the impact of competitive products and pricing , growth in targeted 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 from vendors , 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 United States Securities and Exchange Commission . Examples of such forward looking statements in this release include , among others , statements regarding revenue growth , driving sales , operational and financial initiatives , cost reduction and profitability , and simplification of operations . For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp . , please refer to the Company 's recent Securities and Exchange Commission filings , which are available at https://www.sec.gov . OMNIQ Corp . undertakes 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 . Investor Contact : James Carbonara Hayden IR ( 646 ) - 755 - 7412 james@haydenir.com Brett Maas Hayden IR ( 646 ) 536 - 7331 brett@haydenir.com About OMNIQ Corp . omniQ Corp . ( OTCQB : OMQS ) 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 . omniQ recently announced the closing of its acquisition of 51 % of the capital stock of Dangot . omniQ has an option to purchase the remaining 49 % of the capital stock . Dangot is an Israeli based leader in providing innovative technologies including : frictionless automated order processing & digital payment processing products for the retail , fast food and parking markets ; integrated work stations for physicians , drug delivery and blood tests ; robotics for smart warehouses ; point of sales , self - check in management , and other state of the art solutions . 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 .
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