B.O.S’ RFID and Mobile Division Receives an Order for a Self-Scanning Project in a Food Retail Chain
RISHON LEZION, Israel, February 19, 2018 (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 has received an order for a self-scanning solution, to be used in a pilot program conducted by a food retail chain in Israel.
Self-scanning enables shoppers to tally up their purchases while in the store, and then bag and pay without cashier assistance. BOS’ RFID and Mobile division will source the equipment and provide the retailer with integration services of such equipment, including scanners, wireless infrastructure, a mobile device management application and docking stations.
Yuval Viner, BOS’ Co-CEO, stated: “This is part of the global automated store trend led by Amazon. We are pleased to be part of the first self-scanning pilot conducted by a food retail chain in Israel. We expect the testing to be completed in a few months.”
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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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’ periodic reports and registration statements filed with the U.S.
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