OMNIQ TO SUPPLY PROPRIETARY FINTECH SOLUTION TO ONE OF ISRAEL’S LARGEST FAST FOOD (QSR) RESTAURANT CHAINS.

• The purchase orderOMNIQ received includes Self Ordering Kiosks, Self-Check-Out Kiosks, and a new feature supporting cash transactions.
• Customer operates over 64 restaurants.
• OMNIQ already deployed 150 Self Ordering Kiosks at the customer’s locations.
• The kiosks help Increase customer’s revenue by delivering automation & unparallel efficiencies.

SALT LAKE CITY, March 06, 2024 (GLOBE NEWSWIRE) -- OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions and supply chain management, today announced Purchase Order has been awarded to OMNIQ by Burger Ranch, the largest Hamburger Chain in Israel. This partnership marks a strategic move to enhance customer service and operational efficiency within the fast-food sector through the adoption of OMNIQ's proprietary Fintech solutions.

The purchase order encompasses the supply and installation of OMNIQ's innovative Self Ordering Kiosks and Self-Check-Out Kiosks, along with a newly introduced feature that supports cash transactions. This technology is set to streamline the ordering and payment processes, facilitating a smoother and more efficient customer experience across Burger Ranch's network of over 64 restaurants.

Previously, OMNIQ successfully deployed 150 Self Ordering Kiosks across various Burger Ranch locations, demonstrating the potential to significantly enhance operational efficiencies and customer satisfaction. The integration of OMNIQ's Fintech solutions is expected to further improve service delivery by reducing wait times, lowering labor and error-related costs, and increasing consumer spending through an optimized ordering process.

Shai Lustgarten, CEO commented “ We are proud to be awarded to support such a reputable restaurant chain, with our fintech smart kiosks. This award is significant as our customer achieved a milestone recently as it took over US based Burger King restaurants Israeli locations. This award is a significant vote of confidence by the customer in omniQ’s fintech products.

We see the combination of Fintech and automation as one of our more important growth engines, as automation and cost savings is playing an important role in today’s competitive environment.”

AboutOMNIQ Corp:

OMNIQ Corp. specializes in delivering advanced computerized and machine vision image processing solutions, utilizing patented and proprietary AI technology. Their offerings encompass data collection, real-time surveillance, and monitoring systems for a variety of sectors including supply chain management, homeland security, public safety, and traffic & parking management. These innovative solutions are designed to facilitate the secure and efficient movement of people, assets, and data across critical infrastructures like airports, warehouses, and national borders.

The Company’s clientele includes government agencies and notable Fortune 500 companies spanning multiple industries, including manufacturing, retail, distribution, healthcare, transportation and logistics, food and beverage, and the oil, gas, and chemicals sectors. By integrating OMNIQ’s solutions, these organizations are equipped to navigate the complexities of their respective fields with improved operational capabilities.

OMNIQ’s market presence extends into significant growth areas, including the Global Safe City market, which is forecasted to reach $67.1 billion by 2028, the smart parking market expected to grow to $16.4 billion by 2030, and the fast-casual restaurant sector projected to reach $209 billion by 2027. These engagements reflect the Company’s strategic positioning in markets with increasing demand for advanced AI technology solutions.

For more information, visit www.omniq.com.

About Burger Ranch

Burger Ranch is the largest hamburger chain in Israel, known for its quality food and service. With over 64 locations across the country, Burger Ranch is committed to delivering a superior dining experience to its customers through continuous innovation and service excellence.

Information about Forward-Looking Statements

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Contact Info:
IR@omniq.com

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