OMNIQ’S Q SHIELD™ AI-BASED SAFE CITY SYSTEM, TO BE DEPLOYED IN TWO ADDITIONAL CITIES IN IOWA BRINGING THE TOTAL NUMBER OF CITIES TO 16
SALT LAKE CITY, Jan. 04, 2023 (GLOBE NEWSWIRE) -- OMNIQ Corp. ( NASDAQ: OMQS ) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company has been selected by the Cities of Mitchellville, Iowa and Jewell, Iowa to deploy its Q Shield Safe City System, based on vehicle recognition systems (VRS) technology and its cloud based citation management platform. Q Shield™ identifies any vehicle driving through the city which is on a National Crime Information Center (NCIC) data base or the cities local Bureau of Investigations Database and cites violators who drive through the city with outstanding traffic violations, and provide notifications for law enforcement and local authorities, that allow proactive actions preventing risks from becoming events. Q Shield™ is used by law enforcement as a force multiplier and a strong investigation tool. The system will also identify additional alerts such as for unregistered vehicles.
Shai Lustgarten, CEO commented “With continued momentum in our Safe City product, Q Shield™, we are excited to expand our footprint in the state of Iowa. With the addition of Mitchellville and Jewell, we now have 16 cities under contract nationwide. Our pipeline continues to grow both in Iowa and in several other states across the country. This is significant for not only our company but also for the people and communities who have trusted our technology to improve everyday lives with an unbiased approach. In addition to added protection, each city benefits financially with the use of our Vehicle Recognition Technology adding to the overall impact of partnering with OMNIQ. We look forward to continuing the momentum and achieving significant recurring revenue for many years to come”
Q Shield, OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate 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 U.S. Based on superior accuracy and patented features like identification of make and color, combined with superior accuracy based on the sophisticated algorithm and machine learning that largely depends on accumulated data provided by thousands of sensors already deployed.
About OMNIQ Corp:
OMNIQ Corp. provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver data collection, real-time surveillance and monitoring for supply chain management, homeland security, public safety, traffic & parking management, and access control applications. The technology and services provided by the Company help clients move people, assets, and data 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 several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, oil, gas, and chemicals.
The Company currently addresses several billion-dollar markets, including the Global Safe City market, forecast to grow to $29 billion by 2022, and the Ticketless Safe Parking market, forecast to grow to $5.2 billion by 2023 and the fast casual restaurant sector expected to reach $209 billion by 2027.
For more information please visit www.omniq.com.
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