B.O.S’ RFID and Mobile Division Received an Order for a Warehouse Management System
RISHON LEZION, Israel, December 22, 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 an Israeli customer, for a Warehouse Management System (“WMS”). The WMS will offer the customer efficient management and control over its inventory (over 20,000 items) in its new 12,000 square meters logistics center. The order amounts to $150,000 and the WMS will be installed in 2017.
Yuval Viner, BOS’ CEO, stated: “The installation of this sizeable WMS demonstrates the customer’s confidence in our solutions. Following installation, we will offer the customer additional products and services such as mobile equipment and infrastructure. As a result of our acquisition of the Next Line business at the beginning of the year, we are also able to provide the customer with a turnkey solution for the relocation of its existing logistics center (including counting, moving and labeling of the inventory items in the new location).
“Our comprehensive solution for logistic centers and warehouses is a key growth engine for the RFID and Mobile division”, added Yuval Viner.
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.