OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company is deploying its AI enhanced, machine vision parking and security solution to the El Salvador International Airport.
CEO Shai Lustgarten stated “The increasing demand for our AI-based solution has been a driving force behind our growth in all AI related verticals. As we continue to expand our presence in the United States, we are thrilled to announce our first deployment in a central American International Airport. Serving as the third busiest airport in the region, with over 3.4 million passengers annually, we eagerly anticipate witnessing the progress and benefits of our robust technology. With more than 60 US airports already relying on our system, it was a natural step for us to embark on global expansion. Through our close partnerships, we anticipate that additional airports in Central America will soon follow El Salvador International. We thank our local partners TAS a reputable Technology Company in Central America for this breakthrough project and look forward for mutual success in the region.”
Lustgarten continued “Our esteemed customers are harnessing the power of our fixed, mobile and handheld technologies to enhance safety, accuracy, streamlining operations, and boost revenue generation. Additionally, the implementation of our seamless solution has significantly improved the overall customer experience and we look forward to continued success.”
omniQ’s Machine Vision AI based patented proprietary technology is based on a Neural Network algorithm developed by omniQ’s scientists and selected time after time to serve strategic missions for public security, increasing automation and improving quality of life in the most sensitive areas of transportation.
omniQ 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, and oil, gas, and chemicals. Since 2014, annual revenues have grown to more than $50 million from clients in the USA and abroad.
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. For more information, visit www.omniq.com.