BOS has Finalized a Frame Agreement with Potential for Orders of up
to $ 25 million with a Strategic Customer in the Aircraft Industry
RISHON LEZION, Israel, May 28, 2008 /BUSINESSWIRE/-B.O.S. Better Online
Solutions Ltd. (“BOS” or the “Company”) (NASDAQ:BOSC; TASE: BOSC), a leading
provider of comprehensive Mobile and RFID solutions for the enterprise and of Supply
Chain Solutions, today announced that its subsidiary, Summit Aviation Supply, has
finalized a contract for the sale of components to a strategic Latin American customer in he aircraft industry. Signing the contract is expected in the near future.
The contract provides for a framework for orders by the customer potentially amounting to up to $25 million during an initial five-year term (until 2012). The contract may be extended for additional five-year terms.
Shmuel Koren, BOS President and CEO commented: “We are very pleased with this
transaction and Summit has already begun to receive orders under the terms of this frame agreement. It reflects our ability to provide comprehensive supply chain solutions to the global aircraft and aerospace industry. This also demonstrates Summit’s excellent reputation and leading position in the international markets.”
B.O.S Better Online Solutions Ltd. (“BOS”) was established in 1990.
BOS’s operations consist of:
(i) Fully integrated Mobile and RFID Solutions that combine:
(a) Software Applications – RFID Server, system management application and
data collection tools with seamless interface to business application, and
(b) Mobile Infrastructure – Automatic identification and data collection
equipment based on RFID and barcode technology; and
(ii) Supply Chain Solutions, reselling electronic systems and components for
security, aerospace and networks.
BOS is traded on NASDAQ and on the Tel-Aviv Stock Exchange. Our website is
Summit, a New Jersey based company with over 50 years of experience, is a supply chain
solutions provider of electronic components to major international aviation and aerospace industries. For further information please contact:
B.O.S Better Online Solutions Ltd.
Mr. Zvi Rabin +972 50-560-0140
firstname.lastname@example.org or Mr. Eyal Cohen, CFO, +972-3-954-1000
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 ar 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 our
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; and additional risks and uncertainties detailed in BOS’s periodic reports and registration statements filed with the U.S. Securities 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.