Omniq Announces A Purchase Order From The Israel Train Company To Deploy Its AI- Based Machine Vision System Creating Smarter And Safer Stations
Portfolio Pulse from Happy Mohamed
OMNIQ Corp. (NASDAQ:OMQS) has received an initial purchase order from the Israel Train Company to deploy its AI-based Machine Vision system at three key train stations. The system uses AI to generate dynamic 'heat maps' of passenger density and observes passenger behavior to enhance safety and comfort. The company sees potential for the system to be installed in train and subway stations worldwide.
September 06, 2023 | 12:43 pm
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OMNIQ Corp. has secured a purchase order from the Israel Train Company for its AI-based Machine Vision system. This could potentially open up a significant global market for the company.
The news of a purchase order from the Israel Train Company for OMNIQ's AI-based Machine Vision system is directly relevant to the company and its investors. This could potentially open up a significant global market for the company, positively impacting its revenues and growth prospects. Therefore, the short-term impact on the company's stock price is likely to be positive.
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