OMNIQ Receives $5M In Purchase Orders For The Supply Of Hardware, Software And Services For One Of The Largest U.S. Based Food And Drug Chains
Portfolio Pulse from Benzinga Newsdesk
OMNIQ Corp. (NASDAQ:OMQS) has received $5M in purchase orders from one of the largest U.S. food and drug chains for the supply of hardware, software, IT licenses, and services. The project involves modernizing the customer's supply chain operations with IoT devices and software for device management, tracking, tracing, and data analytics. OMNIQ's CEO, Shai Lustgarten, highlighted the order's innovative features and the company's commitment to its long-standing customer relationships.
January 24, 2024 | 1:36 pm
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POSITIVE IMPACT
OMNIQ Corp. has secured a significant $5M order to provide advanced supply chain solutions to a major food and drug retailer, indicating strong demand for its AI-based technologies and potential revenue growth.
The announcement of a $5M purchase order from a significant client is a positive development for OMNIQ Corp. and suggests potential revenue growth. This deal may increase investor confidence in the company's market position and its ability to secure large contracts, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100