RISHON LEZION, Israel, December 28, 2021 (GLOBE NEWSWIRE) – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), today announced that its Supply Chain division has received additional orders for electronic components from a customer in the United Arab Emirates. Orders, totaling $ 150,000, must be delivered until 2022. These orders follow the initial order of $ 180,000 received from this customer, which we announced at the start of the year.
Avidan Zelicovski, President of BOS, said: “I am very pleased with the progress we have made in the UAE market. It is new territory for us and it has the potential to grow our business.
BOS provides services and systems for production and inventory management in three channels:
· Services – Supply Chain Division provides inventory sourcing and kitting.
· Integration – the RFID division provides ready-to-use software and equipment to track and manage inventory in the production floor and warehouse.
· Development – the Intelligent Robotics division develops and builds tailor-made robotic cells for industrial and logistics processes.
Eyal Cohen, CEO
+ 972-542525925 | [email protected]
Safe Harbor Regarding Forward-Looking Statements
The forward-looking statements contained in this document reflect the current views of management with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those of forward-looking statements, all of which are difficult to predict and many of which are beyond BOS’s control. These risk factors and uncertainties include, but are not limited to, reliance on sales generated by one or a few large customers, the uncertainty of BOS’s ability to maintain current gross profit margins, the inability to keep up with or ahead of technology and to be successful in a highly competitive industry, inability to successfully integrate and realize the potential benefits of acquiring the business activities of Imdecol Ltd. (the Robotics business line), inability to maintain marketing and distribution agreements and expand our overseas markets, legal claims against BOS, the effect of exchange rate fluctuations, general global economic conditions, the impact of the COVID-19 virus and the continued availability of financing for working capital purposes and to refinance outstanding debt; and additional risks and uncertainties detailed in periodic reports and registration statements of BOS filed with the United States Securities and Exchange Commission. BOS makes no commitment to publicly update or revise these forward-looking statements to reflect any change in its expectations or in the events, conditions or circumstances on which such statements may be based, or which may affect the likelihood that actual results differ from those set forth in forward-looking statements.