BOS Intelligent Robotics Division Receives an Order from an Israeli Strategic Customer
December 23 2021 - 6:10AM
BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:
BOSC) announced today that its Intelligent Robotics Division has
received an order of $216,000 from an Israeli strategic customer.
Eyal Cohen, BOS's CEO, stated: "This is a positive indication,
which supports our new strategy that focuses our sales efforts on
the Israeli market. This is an initial order from one of the
biggest Israeli manufacturers in the defense sector. We believe
that a successful delivery of the first order may lead to
additional orders from this customer.
"There is a growing demand for robotics systems in the Israeli
market. We target customers which have extensive automation needs
and that could place ongoing orders. We carefully choose the
projects we undertake in order to reduce the development risks that
are associated with custom made robotics systems."
About BOS
BOS provides services and systems for inventory production and
management in three channels:
- Services – The Supply Chain
division provides inventory procurement and kitting.
- Integration – the RFID division
provides off-the-shelf software and equipment to track and manage
inventory in the production floor and warehouse.
- Development – the Intelligent
Robotics division develops and builds custom-made robotic cells for
the industrial and logistic processes.
Contact: Eyal Cohen, CEO+972-542525925
| eyalc@boscom.com
Safe Harbor Regarding Forward-Looking
Statements
The forward-looking statements contained herein reflect
management's current views with respect to future events and
financial performance. These forward-looking statements are subject
to certain risks and uncertainties that could cause the actual
results to differ materially from those in the forward-looking
statements, all of which are difficult to predict and many of which
are beyond the control of BOS. These risk factors and uncertainties
include, amongst others, the dependency of sales being generated
from one or few major customers, the uncertainty of BOS being able
to maintain current gross profit margins, inability to keep up or
ahead of technology and to succeed in a highly competitive
industry, failure to successfully integrate and achieve the
potential benefits of the acquisition of the business operations of
Imdecol Ltd. (the Intelligent Robotics business line), uncertainty
with respect to the prospects of legal claims against BOS, the
effect of exchange rate fluctuations, general worldwide economic
conditions, the impact of the COVID-19 virus and continued
availability of financing for working capital purposes and to
refinance outstanding indebtedness; and additional risks and
uncertainties detailed in BOS' periodic reports and registration
statements filed with the US Securities and Exchange Commission.
BOS undertakes no obligation to publicly update or revise any such
forward-looking statements to reflect any change in its
expectations or in events, conditions or circumstances on which any
such statements may be based, or that may affect the likelihood
that actual results will differ from those set forth in the
forward-looking statements.
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