OMNIQ Announces Purchase Order to Supply Smart Digital Pricing System to 42 Branches of a Dynamic Supermarket Chain in Israel
OMNIQ Corp. (NASDAQ: OMQS) (“OMNIQ” or the “Company”), a provider of Supply Chain and Artificial Intelligence (AI)-based Machine Vision solutions, announced the receipt of a purchase order to equip a sophisticated Digital Pricing System in 42 branches of a Dynamic Supermarket Chain in Israel. The order was received by Dangot Computers Ltd, an Israeli based subsidiary of OMNIQ providing automation and sophisticated solutions to the retail, healthcare, restaurants and other verticals.
OMNIQ is a major supplier of high-tech solutions to some of the largest supermarket chains and other major retail corporations in the US to whom it will offer its Smart Digital Pricing System developed and successfully supplied in the sophisticated Israeli market. According to The Wall Street Journal: “In North America, groceries are a $1 trillion industry, with 90% of grocery sales taking place in stores.”
Without a centralized digital system, price changes in supermarkets is a major time consuming and logistic problem as there are thousands of different items, sizes and special offers. Moreover, changes have to be effective and displayed on the shelfs at the same time in all branches which increases the complexity and might create errors resulting into annoying waste of time at cashiers and unpleasant arguments with customers.
With OMMQ’s SDPS all changes are done from one computer so at the same time all digital displays show the new price for the specific product in all branches concurrently updating the point of sale and cash registers.
Shai Lustgarten, CEO of OMNIQ commented, “Just a few days since we announced the Smart Buy and Go solution sold to a large Israeli supermarket chain, we are pleased to announce a new awarded project for another leading supermarket chain solving a major costly logistic problem. Our smart solution avoids unnecessary arguments with customers and shortens lines, saving time and money. We are proud to market this solution in Israel and soon to offer it to our Fortune 500 U.S. customers, including some of the largest supermarket chains in North America.”
