- TNC Drivers getting into the brand new devoted highway for rideshare pickups are matched with passengers in a seamless, near-zero-wait method by know-how that checks license plates towards real-time information.
- omniQ teamed up with Gatekeeper Systems, TransCore, Parkway Corp and Philadelphia Airport to ship the most recent know-how answer that result in the current recognition from Uber
- omniQ’s VRS techniques are already deployed in JFK, ATL, DFW, LAX, Miami and Salt Lake City International & 40+ extra airports.
SALT LAKE CITY, April 22, 2022 (GLOBE NEWSWIRE) — OMNIQ CORP. (NASDAQ:OMQS) assisted and supplied AI Technology for Parkway Corp in revolutionizing the Philadelphia airport rideshare expertise. As a results of extreme congestion brought on by a development challenge on its roadway system, Philadelphia International Airport (PHL) determined to rethink how its TNC automobiles entry roadways. Drivers getting into the brand new highway are matched with experience share passengers in a seamless, near-zero-wait method by know-how that checks license plates towards real-time information.
The omniQ automobile recognition system reads license plates, identifies state jurisdiction of every plate and may acknowledge the make and colour of automobiles. John Whiteman, govt director of parking and mobility gross sales for omniQ, describes the end result as a frictionless and transformative expertise stating “The system’s impressive speed and instant communication with other TNC platforms increases vehicle throughput and reduces driver wait times along with idling and associated carbon emissions, a win for the parking operator, the airport, the ride share customers, & the environment. Its the ‘win-win-win’ situation we love to see. We are grateful to our friends at Parkway Corp for including us in this spotlight project.”
The omniQ VRS techniques have been deployed in 45 massive U.S. airports from coast to coast. Shai Lustgarten, CEO of omniQ additionally famous ” The recognition from an industry pioneer such as Uber further shows how our commitment to innovation is not only transforming the parking and mobility industry but also impacting the bottom line for businesses globally. It’s the kind of positive experience that keeps customers choosing your location and services over any others.”
About omniQ Corp.
omniQ Corp. (Nasdaq: OMQS) supplies computerized and machine imaginative and prescient picture processing options that use patented and proprietary AI know-how to ship information assortment, real-time surveillance and monitoring for provide chain administration, homeland safety, public security, visitors & parking administration, and entry management purposes. The know-how and companies supplied by the Company assist purchasers transfer individuals, belongings, and information safely and securely by means of airports, warehouses, faculties, nationwide borders, and plenty of different purposes and environments.
omniQ’s prospects embrace authorities companies and main Fortune 500 firms from a number of sectors, together with manufacturing, retail, distribution, meals and beverage, transportation and logistics, healthcare, and oil, fuel, and chemical substances. Since 2014, annual revenues have grown to greater than $50 million from purchasers within the USA and overseas.
The Company at the moment addresses a number of billion-dollar markets, together with the Global Safe City market, forecast to develop to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to develop to $5.2 billion by 2023. For extra data, go to www.omniq.com.
Information about Forward-Looking Statements
“Safe Harbor” Statement beneath the Private Securities Litigation Reform Act of 1995. Statements on this press launch referring to plans, methods, financial efficiency and tendencies, projections of outcomes of particular actions or investments, and different statements that aren’t descriptions of historic information could also be forward-looking statements throughout the which means 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 launch incorporates “forward-looking statements” that embrace data referring to future occasions and future monetary and working efficiency. The phrases “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and comparable expressions and variations thereof are meant to establish forward-looking statements. Forward-looking statements shouldn’t be learn as a assure of future efficiency or outcomes, and won’t essentially be correct indications of the instances at, or by, which that efficiency or these outcomes will likely be achieved. Forward-looking statements are primarily based on data obtainable on the time they’re made and/or administration’s good religion perception as of that point with respect to future occasions, and are topic to dangers and uncertainties that might trigger precise efficiency or outcomes to vary materially from these expressed in or instructed by the forward-looking statements. Important components that might trigger these variations embrace, however will not be restricted to: fluctuations in demand for the Company’s merchandise significantly throughout the present well being disaster , the introduction of latest merchandise, the Company’s means to keep up buyer and strategic enterprise relationships, the impression of aggressive merchandise and pricing, progress in focused markets, the adequacy of the Company’s liquidity and monetary energy to assist its progress, the Company’s means to handle credit score and debt constructions from distributors, debt holders and secured lenders, the Company’s means to efficiently combine its acquisitions, and different data that could be detailed from time-to-time in omniQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such ahead wanting statements on this launch embrace, amongst others, statements relating to income progress, driving gross sales, operational and monetary initiatives, price discount and profitability, and simplification of operations. For a extra detailed description of the chance components and uncertainties affecting omniQ Corp., please confer with the Company’s current Securities and Exchange Commission filings, which can be found at https://www.sec.gov. omniQ Corp. undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, except in any other case required by legislation.
Koko Kimball
(385)-758-9241
kkimball@omniq.com