Omniq climbs on $11 mln supply deal

Omniq

08/06/2022 15:15

** Shares of artificial intelligence-based solutions
provider Omniq Corp  OMQS.O  climb 4.7% to $5.55
    ** Company's unit Dangot Computers Ltd signs an ~$11 mln
supply agreement with Israel's government 
    ** OMQS will supply internet of things equipment,
consumables and technical services to the government’s various
ministries for the next 5 years
    ** Recurring revenue represent ~50% of the agreement
    ** OMQS down 9.4% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))