Micro Cap Announces New Purchase Order, Shares Uptrending Since December

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, January 14, 2025

While the stock market has cooled from the late-2024 euphoric rise, the overall business landscape looks to still be humming along briskly.

Today, OMNIQ Corp. (OTCQB: OMQS), a company utilizing AI-powered solutions for logistics, smart city applications, and public safety, announced $1 million in new purchase orders from a long-term partner in the logistics and manufacturing sector.

The new purchase orders include OMNIQ’s advanced hardware and service agreements designed to enhance operational efficiency while the service agreements are expected to contribute recurring revenue, reinforcing OMNIQ’s financial stability and long-term growth strategy.

Commenting in the company’s press release, Shai Lustgarten, President and CEO of OMNIQ, expressed his enthusiasm about this achievement:

"This order represents another vote of confidence in our AI-powered solutions and long-standing commitment to operational excellence. By deepening our partnerships, we continue to innovate and deliver value, further positioning OMNIQ as a leader in automation and efficiency within critical industries."

Despite the positive announcement, shares of OMQS are currently trading a tad lower on the day, down 0.55% at $0.2413 in early-afternoon trading.

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