B.O.S’ RFID and Mobile Division Received an Order for an Automatic System for Tracing Fruit and Vegetables in a Packinghouse
RISHON LEZION, Israel, November 30, 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 RFID and Mobile Division received an order from Mehadrin Tnuport Export Ltd., for an automatic system that traces fruit and vegetables along the sorting process in the packinghouse. The system is composed of controllers, sensors, weighing and mobile equipment, and proprietary software. The system collects the information on the fruit and vegetables during the sorting and packing process, labels the packing boxes and updates the ERP system. The order amounts to approximately $80,000 and the system will be installed gradually in four packing houses through 2017.
Mehadrin Tnuport Export Ltd. (www.mtex.co.il) is one of Israel’s largest growers and exporters of citrus as well as other fruit and vegetables, with over 8,500 hectares of agricultural holdings. Mehadrin’s annual sales are approximately $300 million, with over 70% of the produce exported globally to all continents.
Rami Sigall, Mehadrin’s Vice President of Information Systems and Control, stated: “BOS’ system is a major element in our advanced electronic sorting systems that allow us to finely classify fruit according to color and size. This way, our customers are sure that they will receive exactly what they have ordered and we know exactly the productivity and quality of our growers”.
Uzi Parizat, RFID & Mobile Division’s Vice President, stated: “We have been working with Mehadrin for many years, and I am very pleased that it has once again chosen BOS to support its evolving technological needs.”
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.
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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.
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