OMNIQ and NEC Work Jointly to Enhance Public Safety and Security

• This follows the completion of a vital homeland security project, further strengthening OMNIQ's role in national safety initiatives.
• This announcement builds on recent successful deployments of AI-based access control systems in Ohio and Texas.
• It comes in response to new purchase orders for OMNIQ's advanced security technologies.
• OMNIQ's machine vision technology is enhanced by NEC's biometric capabilities.

SALT LAKE CITY, Oct. 07, 2024 (GLOBE NEWSWIRE) - OMNIQ Corp. (OTCQB: OMQS), a leading provider of AI-based solutions, is proud to announce its continued collaboration with NEC, one of the global leaders in biometric information technology and network solutions. Together, the companies are bringing modern innovations to public safety and security markets, harnessing the strengths of both organizations to deliver unparalleled technological advancements.

This relationship aims to greatly enhance security and operational efficiency in public safety. By combining OMNIQ's AI-driven face capture and vehicle recognition with NEC's advanced facial recognition and database technologies, this collaboration provides comprehensive solutions to key challenges in law enforcement, transportation, military, and urban infrastructure sectors.

Shai Lustgarten, CEO of OMNIQ, commented, "Our relationship with a global, reputable company like NEC has allowed us to deliver high-tech solutions that meet the evolving demands of public safety. The synergy between our proprietary AI-driven systems and NEC's cutting-edge innovations is instrumental in advancing critical infrastructure protection, enabling authorities to respond more effectively to threats and ensure safer environments for communities."

John Whiteman, OMNIQ's Executive Director of Sales, added, "NEC has been an exceptional partner, and together, we are targeting significant milestones. Our combined technologies provide a comprehensive solution for modern security challenges. As we look to the future, we are excited to continue building on this success and delivering even more innovative solutions to our clients."

The relationship between OMNIQ and NEC combines OMNIQ's advanced vision recognition systems with NEC's expertise in biometrics, artificial intelligence, and network technologies. Together, these systems create access control for secure sites using facial recognition biometrics while also giving real-time analytics, enhanced situational awareness, and proactive threat detection.

"We are confident that by continuing to combine our technical capabilities, OMNIQ and NEC will be at the forefront of shaping the future of public safety," Lustgarten added. "Our focus is to build on the momentum of our previous projects and extend our offerings with more robust, scalable solutions for cities and public institutions."

The OMNIQ-NEC collaboration exemplifies the potential of cross-industry collaboration, as both companies draw on their expertise to create value for government agencies and private enterprises alike. Together, they are poised to lead the charge in transforming security technologies, enabling safer cities and more efficient public infrastructure.

ABOUT OMNIQ CORP

OMNIQ Corp. provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver real-time object identification, tracking, surveillance, and monitoring for Supply Chain Management, Public Safety, and Traffic Management applications. The technology and services provided by the Company help clients move people, and objects and manage big data safely and securely through airports, warehouses, schools, and national borders and in 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, and oil, gas, and chemicals. Since 2014, annual revenues have more than doubled, reaching $81 million in 2023, from clients in more than forty countries.

The Company currently addresses several billion-dollar markets with double-digit growth, including the Global Smart City & Public Safety markets.

Information about forward-looking statements

This press release includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995, specifically under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements, which address expected future events, economic performance, and financial outcomes, are not historical facts but predictions based on current expectations and projections.

Such forward-looking statements, identifiable by terms like "anticipate," "expect," "may," "believe," and similar expressions, should not be seen as guarantees of future results. They are based on the information available at the time of making and reflect management's current expectations about future events. These statements are subject to various risks and uncertainties that could cause actual results to differ significantly from those projected or implied. Some of these risks include fluctuations in product demand, the introduction of new offerings, maintaining customer and strategic relationships, competitive pressures, market growth, financial liquidity, debt management, and the ability to integrate new acquisitions effectively.

Specific forward-looking statements in this release include expectations regarding financial strategies, revenue growth, and operational improvements. For a detailed discussion of risks and uncertainties that could affect OMNIQ Corp.'s future performance, please refer to our recent filings with the Securities and Exchange Commission at https://www.sec.gov. OMNIQ Corp. does not commit to updating these forward-looking statements unless required by law.

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