OMNIQ Corp (OMQS)

[goforthebet]

Dear Investor,

https://www.otcmarkets.com/filing/html?id=14023337&guid=uqgWUadPGc5Ke3h#EX99-1_HTM

Given your interest in OMNIQ, we thought the attached market study compiled by Yoram Hofman, our Chief Technology Officer at HTS, would be of interest .



The study analyzes publicly available information and provides the Company’s view of the near-term market potential for the License Plate Reading market, specifically the security, traffic management, enforcement, secure access and parking verticals. As summarized below, Mr. Hofman projects a market opportunity of approximately $1.5 billion for the two year period of 2021 and 2022:



Vertical
2020 and 2021 Market Opportunity


Security $ 411 M
Traffic Management $ 282 M
Enforcement $ 387 M
Secure Access $ 90 M
Parking $ 377 M
TOTAL $ 1,547 M


The study also addresses specific needs within each market that OMNIQ currently supports with its broadening base of patented, industry-leading, AI solutions. Importantly, the market size estimate does not include the potential AI-Machine Vision applications for supply chain and manufacturing such as yard management, tire recognition and other machine object recognition applications.



OMNIQ is excited about the market opportunity and management is focused on capturing a growing share. The Company has a growing list of installations around the globe including orders from several major airports, such as: JFK, Newark, Kansas City, Greater Rochester and Dallas Fort Worth. We thank you for your interest and look forward to continuing to share with you OMNIQ’s progress.



About Yoram Hofman, CTO



Yoram Hofman has over 40 years of experience in the development of commercial and military systems, specializing in image processing technologies. He founded HTS and is a pioneer in the implementation of Neural Networks, a branch of Artificial Intelligence that imitates the human brain for Machine Learning and object recognition. HTS has deployed License Plate Reading (LPR) systems in over 15,000 lanes worldwide, revolutionizing automation of many market verticals. Previously, Mr. Hofman was involved in air-to-ground infrared tracking systems at Hughes Aircraft and Rafael, Tactical simulators in Elbit, medical analysis systems at Elscint, and testing in National Semiconductors.



Mr. Hofman holds B.A. and M.Sc. degrees in Computer Science from the Technion in Israel.



Sincerely


/S/ Shai Lustgarten


CEO and President