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Artificial Intelligence

omniQ Receives a 3-Year Contract to Deploy its AI Based Machine Vision Solution from Cypress College in California for Smart and Flexible Campus Parking Management

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  • ominQ to install its proprietary PERCS™️ (Permitting, Enforcement, Revenue and Collection) Software integrated with its patented AI based Machine Vision Vehicle Recognition System (VRS)
  • PERCS™ operates on Cloud which represents a Software as a Service (SaaS) recurring revenue model
  • Contract follows recent wins of AI based projects at Israel’s largest seaport, Georgia State University, City of Watkinsville Georgia, Philadelphia International Airport, a Multibillion-dollar Medical Center and a foreign Ministry of Defense Head Quarters.

SALT LAKE CITY, July 23, 2021 (GLOBE NEWSWIRE) — omniQ Corp (OTCQB: OMQS) (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI) and IoT – based solutions, announced today it has received a 3-year contract from Cypress College in California to deploy its PERCS™ (Permitting, Enforcement, Revenue and Collection) Platinum software for cloud hosted permitting and enforcement smart campus parking management platform.

The PERCS™ solution includes virtual permits, mobile enforcement along with Citation and Payment Card Industry (PCI) compliant payment collections with online adjudication.

The agreement includes cloud set up, training and implementation, along with android handheld devices utilizing Zebra mobile Bluetooth printers for enforcement and issuance of citations based on flexible college parking rules.

Additionally, the existing HTS mobile enforcement vehicle with eCite Pro will be enabled and synced with PERCS for fast and efficient compliance monitoring. OMNIQ’s eCite Pro™ application software integrates with the PERCS™ cloud-based parking management system. It processes parking citations for any form of violation associated with a vehicle. By way of synchronizing with PERCS™, all the information pertaining to violations and hot list vehicles are uploaded to the PERCS™ database in the cloud.

Furthermore, PERCS™ will enable issuing virtual permits and enforcement of college parking rules with mobile and handheld omniQ Vision LPR.

“We are to enter into a 3-year agreement with Cypress College, reflecting continued momentum for our AI based PERCS™ software to enable smart campus parking management,” said OMNIQ’s CEO, Shai Lustgarten. “We are seeing increased adoption of PERCS™ because it means no more hang tags, no more stickers, and no need for third party license plate reader providers. We provide access to one complete in-house solution. From a Company standpoint, we are also excited to continue to grow our base of SaaS recurring revenue with this latest contract.”

“We are pleased to partner with OMNIQ and have a one-stop shop for our smart campus parking management needs,” said Alex Bernal, Campus Safety Coordinator at Cypress College. “It is a tremendous value to utilize streamlined technology to automate the more time intensive administrative aspects of campus management. Thanks to OMNIQ and PERCS™, we can free up campus personnel to focus on more valuable, high-impact tasks that help propel campus safety forward.”

About OMNIQ Corp.
OMNIQ Corp. (OTCQB: OMQS) 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.

Information about Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning 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 release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate”, “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis , the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at https://www.sec.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless otherwise required by law.

Investor Contacts:

James Carbonara
Hayden IR
(646)-755-7412
[email protected]

Brett Maas
Hayden IR
(646) 536-7331
[email protected]

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Artificial Intelligence

Exiger Launches Proactive Intelligence, Led by Fortune 500 Intelligence and Supply Chain Executive Mary Luciano

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Supply chain AI leader introduces new proactive capability, empowering organizations to cut through noise and outpace disruption
WASHINGTON, May 6, 2024 /PRNewswire/ — Exiger, the market-leading supply chain and third-party risk AI company, today launched a new Proactive Intelligence capability to empower major corporations and governments with advanced predictive risk analytics, complete and accurate supplier data, and insights into supply chain crises – from natural disasters to infrastructure failures and geopolitical conflicts – as they arise.

Development and deployment will be led by Exiger’s new Vice President & Global Head of Proactive Intelligence, Mary Luciano, who previously led the Supply Chain Risk Management and Intelligence Team at Amazon Web Services (AWS) and the Global Intelligence Team at Hilton, in addition to a significant tenure as an FBI Intelligence Analyst. Luciano brings an incredible depth of experience in crisis response, global regulation, supply chain resilience, counterrorism, intelligence analysis and supplier risk management.
“We hired Mary to spearhead a proactive resilience capability that’s essential to our customers’ ability to navigate an environment that brings new supply chain crises every day and demands more sophisticated, longer-term risk forecasting,” said Exiger CEO Brandon Daniels. “Mary will be a powerful asset for our customers, bringing first-hand experience leading responses to major disruptions and managing global operations at massive organizations and reacting to real-time threats in domains like counterrorism.”
Organizations are overwhelmed with a growing landscape of supply chain data that’s rife with inconsistencies. Exiger is leading the market in creating proprietary supplier, product and market data that provides a complete picture of an organization’s supplier ecosystem and proactively surfaces where fundamental shifts are emerging as well as where disruption is likely to occur. Luciano will oversee the new Proactive Intelligence capability, which will allow customers to prioritize the insights that impact them, both long-term as their risk landscape evolves and in the moment as crises strike. 
Proactive Intelligence will serve as an advanced overlay on top of 1Exiger, providing customers a real-time operational control experience to see how different events will impact them upstream, taking into account regulatory requirements, unique industry constraints, key associations, potential vulnerabilities and breaking developments as they unfold. Harnessing the power of Exiger’s AI, the advanced automated capability combines firmographic data, regulatory mapping and LLMs.
“I’m thrilled to join Exiger to deploy a capability that’s desperately needed,” said Luciano. “For all the data aggregators and solutions on the market, there’s a dearth of supply chain intelligence; Exiger is one of the only tools that offers comprehensive data and actionable insights. This leaves some organizations to make critical risk and compliance decisions with months-old supplier data that’s often incomplete or missing altogether, without taking into account recent changes, accuracy, the need for verification, the nuance around how a supplier is really associated with their organization and the larger value chains implicated. Exiger is already the leader in automated, relevant insight, and this new capability moves our customers even further down the decision curve.”
Proactive Intelligence will officially launch at Gartner’s Supply Chain Symposium/Xpo™ 2024 in Orlando, Florida, on May 6 – 8, 2024. Exiger is a Platinum sponsor for this year’s event. On May 7, Daniels will lead a session with Hope for Justice / Slave Free Alliance CEO Tim Nelson on “Empowering Ethical Sourcing: Eliminating Modern Slavery with Supply Chain Intelligence.” For more information on Proactive Intelligence, visit Exiger’s exhibitor booth (booth #542).
About Exiger
Exiger is revolutionizing the way corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger’s mission is to make the world a safer and more transparent place to succeed. Empowering its 550 customers across the globe, including 150 in the Fortune 500 and over 55 organizations across the Defense Industrial Base and government agencies, with award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management. Named one of Fast Company’s 2023 ‘Brands That Matter’ and recipient of the Third Party Risk Association’s 2024 Innovator Award, Exiger’s work has been recognized by 40+ AI, RegTech and Supply Chain partner awards. Learn more at Exiger.com and follow Exiger on LinkedIn.
For more information, please contact:Kody GurfeinChief Marketing Officer for [email protected] 
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Artificial Intelligence

ICEYE Announces API That Allows Customers to Directly Task World’s Largest SAR Satellite Constellation

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Two new application programming interfaces (APIs) launched as the first in ICEYE’s wider API ecosystem, empowering customers to access critical data in response to time-sensitive demands.
HELSINKI, May 6, 2024 /PRNewswire/ — ICEYE, the global leader in synthetic aperture radar (SAR) satellite operations, announced the launch of two new application programming interfaces (APIs) that will give customers faster access to imagery from the world’s largest SAR satellite constellation through a self-driven, automated process.

The first API automates the satellite tasking process, enabling machine-to-machine interactions for this critical step. Customers who have built their own platforms to access commercial tasking services may now seamlessly integrate into the ICEYE space and ground architecture without a human-in-the-loop.  The second API automates the process for customers to request SAR imagery from ICEYE’s extensive catalog of over 60,000 archive images.
“We are thrilled to announce this new service, which makes the world’s largest SAR satellite constellation even more accessible to our customers,” said  John Cartwright, SVP and Head of Data Product. “Customers increasingly seek to integrate access to the ICEYE SAR constellation, the largest in the world, through their own platforms.  The end-to-end workflow automation we are releasing today puts this power directly in their hands so they can make smarter, data-driven decisions in near real-time.”
The launch of the API marks an important expansion in how ICEYE fields customer requests for SAR data. With the launch of the new APIs, customers can choose between API-based automation or continue to engage with ICEYE’s renowned 24×7 customer support team. All ICEYE customers undergo an extensive security review to ensure any SAR imagery accessed is used appropriately and shared with trusted parties.
“The new APIs enable efficient access to data from ICEYE’s constellation like never before. As a trusted partner to governments, civil, and commercial organizations, ensuring the appropriate use of our imagery is a top priority,” said Eric Jensen, CEO of ICEYE US. “We conduct rigorous security checks with all prospective customers, and those who meet ICEYE’s stringent standards will benefit from unprecedented access to ICEYE SAR data. ”
The two newly released APIs are the first in a series of APIs that ICEYE is creating to expand customer service and improve access to ICEYE data and imagery from around the world.
About ICEYE
ICEYE delivers unparalleled persistent monitoring capabilities to detect and respond to changes in any location on Earth, faster and more accurately than ever before.
Owning the world’s largest synthetic aperture radar (SAR) satellite constellation, ICEYE provides objective, near real-time insights, ensuring that customers have unmatched access to actionable data, day or night, even in challenging environmental conditions. As a trusted partner to governments and commercial industries, ICEYE delivers intelligence in sectors such as insurance, natural catastrophe response and recovery, security, maritime monitoring, and finance, enabling decision-making that contributes to community resilience and sustainable development.
ICEYE is headquartered in Finland and operates from five international locations. ICEYE has more than 600 employees, inspired by the shared vision of improving life on Earth by becoming the global source of truth in Earth Observation.
Media contact: [email protected]
Visit www.iceye.com and follow ICEYE on LinkedIn and X for the latest updates and insights.
 

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Artificial Intelligence

Alat boosts sustainable manufacturing capabilities with the launch of Electrification and AI Infrastructure business

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RIYADH, Saudi Arabia, May 6, 2024 /PRNewswire/ — Alat, a PIF company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced at the Milken Institute Conference in Los Angeles, USA, the launch of two new business units – Electrification and AI Infrastructure. The two business units will address unprecedented  global demand for AI infrastructure and the urgent need to support global energy transition by  strengthening electricity grid technology.

Electrification is a key goal for Alat to not only strengthen grid technology for robust and increased use of technology, but also as the growth of electricity grows exponentially, with electricity being the key energy produced by solar, wind and hydrogen clean energy to power industrial processes. By combining Saudi Arabia’s rich resources of solar energy and other clean energy sources with electric powered industrial systems, Alat intends to manufacture solutions that will contribute significantly to the global energy transition and the decarbonization of industry.
The Electrification business unit will focus on transmission and distribution technologies. It will also include the connection of  renewable energy sources to the grid and latest technologies for gas and hydrogen generation and compression.
The AI Infrastructure business unit is focused on technology necessary for AI capabilities and encompasses network and communications equipment, servers, data center networking equipment, data centre storage, industrial edge servers, and industry 4.0 computing. The adoption of AI in combination with other industry 4.0 technologies including robotics, will enable a leap forward in smart manufacturing and the creation of intelligent factories. The AI Infrastructure Business Unit will not only manufacture solutions for Alat customers but will also contribute to Alat’s advanced technology goals.
Amit Midha, Global CEO at Alat, said: “I am pleased to announce these two exciting new divisions as they will make a significant contribution to Alat’s overall strategic goal of developing an advanced, sustainable future for industry.
The global electrification market size reached USD 73.64 billion in 2022 and it is expected to hit around USD 172.9 billion by 2032, growing at a CAGR of 8.91% between 2023 and 2032. The global AI Infrastructure market is experiencing remarkable growth, projected to reach a staggering US$460.5 billion by 2033, with a compelling CAGR of 28.3% over the decade. This growth is fueled by the increasing adoption of AI technologies across various industries, as organizations recognize the potential of AI to drive innovation, enhance decision-making processes, and automate tasks.
The launch of these business units is driven by global trends for energy-efficient computing, to mitigate the environmental impact of large-scale data processing and renewable energy integration by leveraging renewable energy sources such as solar, wind, and hydroelectric power into data centers and computing facilities. In addition, the future of AI infrastructure entails the design and construction of green data centers that prioritize energy efficiency, sustainability, and environmental responsibility.  AI infrastructure also intersects with electrification efforts in transportation, particularly in the development of autonomous vehicles and electric mobility solutions. AI-powered transportation systems leverage data analytics, machine learning algorithms, and sensor technologies to optimize route planning, traffic management, and vehicle performance, contributing to the widespread adoption of electric vehicles and reducing reliance on fossil fuels.
AI plays a crucial role in optimizing the operation and management of electric grids, enabling utilities to improve efficiency, reliability, and sustainability. AI-driven grid optimization solutions leverage advanced analytics, predictive modeling, and real-time control algorithms to balance supply and demand, integrate renewable energy sources, and enhance grid resilience in the face of disruptions or fluctuations.
Alat, a gold sponsor at the Milken Institute Conference in Los Angeles, USA, now has nine business units focused on sustainable technology manufacturing. Alat will invest US$100 billion by 2030 across these business units to develop key partnerships and build advanced manufacturing capabilities in Saudi Arabia to bring jobs and economic diversification to the Kingdom.
About Alat
Alat is a company focused on transforming global industries (electronics and industrials) and creating a world class manufacturing hub in the Kingdom of Saudi Arabia powered by clean energy to build a better tomorrow. Alat will deliver sustainable manufacturing to help global companies reduce their emissions and move towards carbon zero manufacturing.  Alat, a PIF company, is an essential enabler of the Vision 2030 goals for economic diversification, industrial development, innovation, and job creation.
Alat´s primary goal is to ensure that global companies set up sustainable manufacturing solutions in the Kingdom of Saudi Arabia, benefitting from abundant green energy resources, the country´s unique geolocation and its investments in technology. Initially its key strategic business areas will be semiconductors, smart devices, smart buildings, smart appliances, smart health, advanced industrials and next gen infrastructure technologies.  For more information visit www.alat.com 
 

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