Category: Uncategorized

BOS Announces a Strategic Agreement with RFKeeper

RISHON LEZION, Israel, March 26, 2019 (GLOBE NEWSWIRE) — B.O.S. Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a leading Israeli integrator of RFID and Mobile solutions and a global provider of Supply Chain solutions to enterprises, announced today that its RFID and Mobile Division has signed a representative agreement with RFKeeper Ltd. (www.rfkeeper.com).

RFKeeper, an Israeli start-up company, is a provider of an RFID cloud-based platform for retailers. The RFKeeper platform, used by international customers, optimizes the supply chain operations, reduces inventory shrinkage and increases sales. The platform offers retailers real-time item-level control and visibility at the Point of Sale, for both online and in-store operations (“Smart Store”).

Yuval Viner BOS’ Co-CEO, stated: “BOS provides inventory counting and tracking services using a proprietary software and a skilled workforce, to more than 2,000 retail stores in Israel.  We anticipate that retailers will increasingly transform into the Smart Store model, of automatic management and tracking of items’ movement in and out of the store’s inventory space. RFKeeper’s innovative RFID platform has demonstrated its success through installations around the world. We look forward to being the representative for the sale and integration of the RFKeeper platform in Israel.

Haim Bar-On, RFKeeper’s CEO, stated: “We are seeing an increased market demand for Smart Store solutions. We selected BOS’ as the integrator of our RFID software platform  due to its extensive experience in RFID integration, expertise in logistic processes and strong footprint in the Israeli retail market.”

Eyal Cohen, BOS’ Co-CEO, stated:” We are pleased to have been selected to represent RFKeeper in Israel.  This agreement is a direct result of our extensive efforts to execute our strategic growth plan and it will enable BOS to gain exposure to, and to benefit from, the expected investments of retailers in transforming to Smart Stores. We are also excited about our acquisition of the assets of Imdecol Ltd, announced a few days ago.  We expect that following this acquisition, BOS will be well positioned to effectively target the anticipated investments of manufacturers in Smart Factories. In addition, we continue to evaluate opportunities to expand our business via complementary acquisitions.”  

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.

About Bibliotheca
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.

About BOS 
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:
Eyal Cohen
CFO
+972-542525925

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.

B.O.S’ Supply Chain Division Receives a $1,600,000 Order from an Indian Customer

RISHON LEZION, Israel, December 15, 2016 (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 Supply Chain Division has received a $1,600,000 order for electronic components from an Indian electronics manufacturing company in the defense and aerospace industry. The order is for delivery in 2017 and 2018.

Avidan Zelicovski, BOS’ President, stated: “I am very pleased with our continued successful expansion into the Indian defense and aerospace industry. As we have previously indicated, India presents a significant opportunity for our Company. We believe that this specific order marks an important milestone in the growth of our business in India.” 

About BOS

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:
Eyal Cohen
CFO
+972-542525925

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.

BOS Announces Private Placement for approximately $560,000 from several Investors, including Management

RISHON LEZION, Israel, June 11, 2015 (BUSINESSWIRE) B.O.S. Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ:BOSC), a leading Israeli provider of RFID and Mobile solutions and global provider of supply chain solutions to enterprises, announced today that it entered into definitive private placement agreements for a total amount of approximately $560,000. The investors in the private placement include BOS’ CEO, President and CFO, YA Global Master SPV Ltd., certain BOS business partners and BOS employees. The agreements are for the issuance of an aggregate of 232,138 Ordinary Shares (equal to 11.23% of the outstanding shares of the Company following the investment) at a price per share of $2.406.

When issued, the Ordinary Shares will not be registered under the Securities Act of 1933 and may not be subsequently offered or sold by the investor without registration or an applicable exemption from the registration requirements of such Act.

Yosi Lahad, Chairman of the Board, stated: “We are very pleased with this new investment which supports our plan to continue to reduce our debt and generate growth, possibly throughout acquisitions. We view the participation by management members, employees and business partners in the investment as a vote of confidence in the Company and its future”.
 

About BOS
B.O.S. Better Online Solutions Ltd. (BOSC) is a leading Israeli provider of RFID and Mobile solutions and 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.