OMNIQ's AI-Based Machine Vision Solution Ordered For JFK, La Guardia, NY Stewart, And Newark Airport Upgrades
Portfolio Pulse from Benzinga Newsdesk
OMNIQ Corp. (NASDAQ:OMQS) has received a repeat order for its AI-based Machine Vision solution to upgrade parking systems at four major airports managed by the Port Authority of New York and New Jersey (PANYNJ). The upgrade includes omniQ's latest AI neural network engine, aiming to improve traffic flow, revenue, and convenience for travelers. The project is in collaboration with DESIGNA, a leader in automated parking systems. OMNIQ's CEO expressed confidence in the technology and anticipates further orders from other airports.
November 15, 2023 | 3:03 pm
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POSITIVE IMPACT
OMNIQ Corp. has been selected for a significant upgrade project at PANYNJ airports, indicating strong customer confidence and potential for future orders from other airports.
The repeat order for OMNIQ's AI-based Machine Vision solution at major airports suggests a positive reception of their technology and a strong relationship with DESIGNA. This could lead to increased revenue and more orders from other airports, positively impacting the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100