B.O.S’ RFID and Mobile Division Received an Order for an RFID System from One of the Biggest Public Libraries in Israel
RISHON LEZION, Israel, January 9, 2017 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC), a leading Israeli provider of RFID and Mobile solutions and a global provider of Supply Chain solutions to enterprises, announced today that its RFID and Mobile Division won a bid for the integration and installation of an RFID system in one of the biggest public libraries in Israel. The order amounts to approximately $250,000 and the system will be installed in 2017.
Eran Harel, CTO of BOS’ Inventory Counting Activity, stated: "The system is comprised of automatic self-service stations, staff stations, security gates, and RFID tags that are affixed to the books. The system was developed by Bibliotheca. BOS will be responsible for the integration and installation of the system and the conversion of the existing barcode tags into RFID tags.”
Yuval Viner, BOS' CEO, added: "I am pleased that one of the biggest public libraries in Israel, which holds more than 550,000 books, chose the BOS' solution. With the RFID based system, the library staff can easily process multiple items of varying size, weight and thickness without the need to locate the barcode. This accelerates processing, and frees up time for the library staff to better assist the public in finding information and conducting educational programs. Following the completion of installation we anticipate that additional libraries will adopt the RFID based solution, as a standard", Yuval Viner concluded.
Bibliotheca is a global developer and supplier of solutions that help sustain and grow libraries around the world. Its products are designed to provide a welcoming, intuitive and seamless environment for those that use the library. Bibliotheca’s products include RFID security, Automated Materials Handling, self-service, productivity and digital/cloud (patron-facing) solutions. Bibliotheca has deployed its equipment in over 30,000 unique libraries around the world.
B.O.S. Better Online Solutions Ltd. (BOSC) is a leading Israeli provider of RFID and Mobile solutions and a global provider of Supply Chain solutions to enterprises. BOS' RFID and Mobile division offers both turnkey integration services as well as stand-alone products, including best-of-breed RFID and AIDC hardware and communications equipment, BOS middleware and industry-specific software applications. The Company's Supply Chain division provides electronic components consolidation services to the aerospace, defense, medical and telecommunications industries as well as to enterprise customers worldwide. For more information, please visit: www.boscorporate.com.
For more information:
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, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; and additional risks and uncertainties detailed in BOS's periodic reports and registration statements filed with the U.S. 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.