OMNIQ Corp. (“OMNIQ” or “the Company”), a provider of Artificial Intelligence (AI)-based solutions, today announced that the Company has been selected by the City of Lumpkin, Georgia to deploy its Q Shield vehicle recognition systems (VRS) technology and its cloud based citation management platform. This technology identifies any vehicle driving through the city which is on a National Crime Information Center (NCIC) data base or the city’s local Bureau of Investigations Database and cites violators who drive through the city with outstanding traffic violations, as well as other alerts such as unregistered and uninsured vehicles.
Shai Lustgarten, CEO commented “We are proud that our AI based Safe City product, Q-Shield is continuing to gain momentum as we announce our newest contract with the city of Lumpkin, GA. With this addition, our presence in the state of Georgia continues to grow, as we now have 9 cities contracted. As a direct result of cities recognizing the quick impact, we have on both the quality of life and the revenue potential our pipeline continues to grow. We now have a total of 18 cities in the US contracted and anticipate continued growth in Georgia, as well as additional other states across the country. Our revenue model is based on recurring revenue sharing that will have a significant impact on our profitability as we add more cities using our unique technology. With a superior product offering and a robust pipeline, we believe we are well positioned to make a significant impact on countless lives as well as developing an expanding revenue stream with higher profit margins for our clients and our company.”
Q Shield, OMNIQ’s AI-based machine vision VRS solution uses patented Neural Network algorithms that imitate human brains for pattern recognition and decision-making. More than 17,000 OMNIQ AI based machine vision sensors are installed worldwide, including approximately 7,000 in the U.S. Based on superior accuracy and patented features like identification of make and color combined with superior accuracy based on the sophisticated algorithm and machine learning that largely depends on accumulated data provided by thousands of sensors already deployed. Our AI based solution is deployed in sensitive areas in the Middle East for terror prevention as well as in South America, Florida and the Far East for crime prevention and public safety. The technology is used for traffic management, automation of parking and new verticals, such as retail shops and QSR restaurants as part of the CRM system.
Source: http://www.omniq.com