B.O.S. Better Online Solutions Ltd. Expands Penetration of Asia Markets
Rishon Letzion, Israel — June 27, 2011 — B.O.S. Better Online Solutions Ltd. (“BOS”) (NASDAQ: BOSC), today announced that its supply chain division received new orders of $700,000 from customers in Asia. This is in addition to $1.6 million orders already received from Asian customers during the first six months of 2011, for delivery this year. These orders exceed the revenues of the supply chain division from Asian customers in all of 2010, which amounted to $2.2 million.
“These orders reflect our ongoing efforts to penetrate growing markets, in particular China and India,” said Avidan Zelicovsky, BOS President. “We view the Asian markets as important and promising, with strong growth potential. These new orders reflect our success in providing value-added services and components to our customers worldwide.”
BOS’ supply chain division offers electronic components (passive, active and electro-mechanical) and components consolidation services to manufacturers in the defense, commercial, industrial and aerospace markets, and provides design-in, sales and engineering service and support for various components.