BOS Secures $2.7 Million Defense Related Order
November 18 2024 - 9:00AM
BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:
BOSC), an integrator of supply chain technologies, announced today
that its Supply Chain division has received a $2.7 million order
from a subcontractor of one of its primary customers in the defense
sector. The order is for delivery gradually by May 2025.
Eyal Cohen, BOS’ CEO: “This significant order underscores the
BOS's ongoing efforts to expand its customer base and capitalize on
the substantial increase in the defense budget. BOS has been
actively working to engage with subcontractors of its primary
customers, positioning itself as a trusted partner to help meet the
rising needs of defense projects worldwide. I anticipate further
opportunities as global defense spending continues to rise.”
Hagit Eliyahu, VP sales of the Supply Chain division: “We are
thrilled to have secured this order, which reflects BOS’ committed
to leveraging its expertise and resources to drive growth in the
defense segment.”
About BOS
BOS integrates cutting-edge technologies to optimize supply
chain operations through its three specialized divisions.
Our Robotics division automates inventory processes, replacing
manual tasks with advanced robots. The RFID division enhances
inventory management by tagging and tracking items throughout the
supply chain. The Supply Chain division embeds franchised
electro-mechanical components directly into clients' products.
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,
the effect of the war against the Hamas and other terrorist
organizations, the 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 US 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.
For more information about BOS, please visit BOSCOM.COM or contact:
Eyal Cohen, CEO
+972542525925 | eyalc@boscom.com
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