SALT LAKE CITY, Nov. 17, 2022 (GLOBE NEWSWIRE) – OMNIQ Corp. announced today that the company has been selected by the cities of Brooklet, Georgia and Ellsworth, Iowa to deploy its Q Shield vehicle recognition systems (VRS) technology and its cloud-based citation management platform. This technology identifies any vehicle driving through the city that is on a National Crime Information Center (NCIC) database or the local Bureau of Investigations database of cities and cites violations driving through the city with outstanding traffic violations, as well as other Alarms such as as unregistered vehicles.

Q Shield, OMNIQ’s AI-based machine vision VRS solution uses patented neural network algorithms that mimic human brains for pattern recognition and decision-making. More than 17,000 OMNIQ AI-based machine vision sensors are installed worldwide, including approximately 7,000 in the United States of thousands of sensors that have already been deployed.

Shai Lustgarten, CEO commented “After our initial success with the city of Adrian, GA our first Q Shield deployment, we saw significant interest in our solution. This success produced a rapid adoption of 12 cities with Q-Shield in less than a year. We are honored to be selected by the cities of Brooklet, GA and Ellsworth IA, bringing our number of committed cities to 14. We look forward to improving the everyday lives of local citizens by creating safer cities with a no-nonsense approach. Our core strategy for Q Shield remains to deal with today’s problems and prevent tomorrow’s disasters.

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About omniQ corp.

omniq corp. (Nasdaq: OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real-time monitoring and surveillance for supply chain management, homeland security, public safety, traffic & parking management, and access control applications. The technology and services provided by the company help customers, people, assets and data move 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 various sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas and chemicals. Since 2014, annual revenue has grown to more than $50 million from customers in the United States and abroad. 14 Safe City active detachments.

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

Information on Forward-Looking Statements

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“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 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 contain information regarding future events and future financial and operational performance. The words “anticipate”, “may”, “would”, “will”, “expect”, “estimate”, “may”, “believe”, “potential” and similar expressions and variations thereof are intended to be forward-looking identify statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily give accurate indications of the time at, or by, which 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. or suggested by the forward-looking statements. Important factors that may cause these differences include, but are not limited to: fluctuations in the demand for the company’s products especially during the current health crisis, the introduction of new products, the company’s ability to customers and strategic business relationships to maintain, the impact of competitive products and prices, growth in targeted markets, the adequacy of the liquidity and financial strength of the company to support its growth, the ability of the company’s credit and debt structures of sellers, debt holders and managing secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information included in omniQ Corp.’s filings from time to time. can be detailed with the US Securities and Exchange Commission. Examples of such forward-looking statements in this release include, among others, statements regarding revenue growth, sales growth, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties that omniQ Corp. Please refer to the company’s most recent Securities and Exchange Commission filings available at 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, except as otherwise required by law.

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Koko Kimball
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