December 30, 2020

BOS BETTER ONLINE SOLUTIONS LTD. ANNOUNCES $2 MILLION

REGISTERED DIRECT OFFERING

RISHON LEZION, Israel, Dec. 30, 2020 (GLOBE NEWSWIRE) — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), announced today that it has entered into a definitive agreement with several institutional investors for the purchase and sale of 800,000 Ordinary Shares and 720,000 Warrants at a combined purchase price of $2.50 in a registered direct offering. The Warrants will have an exercise price of $2.75 per share, will be immediately exercisable and will expire in five years. The closing of the offering is expected to occur on or about January 4, 2020, subject to the satisfaction of customary closing conditions.

A.G.P./Alliance Global Partners is acting as sole financial advisor for the offering.

This offering is being made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-249597) previously filed with the U.S. Securities and Exchange Commission (the “SEC”). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About BOS Better Online Solutions Ltd.
BOS is a global provider of intelligent systems and services for production and logistics. BOS’ Robotics and RFID Division offers intelligent robotics and RFID systems for industrial and logistics processes as well as for retail store management. BOS’ Supply Chain Division provides electronic components, mainly for the aerospace, defense and other industries worldwide. Its services include the consolidation of components from a vast number of suppliers, long term scheduling and kitting.

For more information, please visit www.boscom.com or contact:

Eyal Cohen, CEO

+972-542525925 eyalc@boscom.com

 

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 a 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 impact of the COVID-19 virus and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; risks associated with completing and successfully integrating an acquisition with BOS’s existing business; and additional risks and uncertainties detailed in BOS’ 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.

 

 

July 14, 2020

BOS to Release Financial Results for the Second Quarter of 2020 on Wednesday, August 26, 2020

RISHON LEZION, Israel, July 14, 2020 — BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a global provider of intelligent systems and services for production and logistics, announced today that it will release its financial results for the second quarter of 2020 before the market opens on Wednesday, August 26, 2020.

BOS will host a conference call on Wednesday, August 26, 2020 at 10:00 a.m. EDT – 5:00 p.m., Israel Time. A question-and-answer session will follow management’s presentation. To access the conference call, please dial one of the following numbers:

US: +1-888-281-1167, International: +972-3-9180644.

For those unable to listen to the live call, a replay of the call will be available the next day on the BOS website: www.boscom.com

About BOS

BOS is a global provider of intelligent systems and services for production and logistics.  BOS’ Robotics and RFID Division offers intelligent robotics and RFID systems for industrial and logistics processes as well as for retail store management. BOS’ Supply Chain Division provides electronic components, mainly for the aerospace, defense and other industries worldwide. Its services include the consolidation of components from a vast number of suppliers, long term scheduling and kitting. 

For more information, please visit: www.boscom.com or contact:

Eyal Cohen, CEO B.O.S Better Online Solutions Ltd.
+972-542525925 eyalc@boscom.com

 
   

July 2, 2020

BOS’ Supply Chain Division Receives Orders Totaling $740,000

RISHON LEZION, Israel, July 2, 2020 – BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a global provider of intelligent systems and services for production and logistics, announced today that its Supply Chain Division has received orders totaling $740,000 for electronic components for delivery this year.

Hagit Eliyahu, VP sales of the Supply Chain Division, stated: “This is an addition to the $300,000 orders from the same customer, which we announced on June 25, 2020.

The orders from this customer, which exceed $1 million, demonstrate the strong added value of our supply chain services to manufacturers.”

Avidan Zelicovski, BOS’ President, stated: “I am very pleased with the performance of our Supply Chain division. This order strengthens our position in the Israeli market. Also, during April we announced significant orders from two US electronic manufactures, an important milestone towards expanding our business and customer base in the US.”

About BOS:

BOS is a global provider of intelligent systems and services for production and logistics.  BOS’ Robotics and RFID Division offers intelligent robotics and RFID systems for industrial and logistics processes as well as for retail store management. BOS’ Supply Chain Division provides electronic components, mainly for the aerospace, defense and other industries worldwide. Its services include the consolidation of components from a vast number of suppliers, long term scheduling and kitting.  For more information, please visit our new website: www.boscom.com or contact:

Eyal Cohen, CEO B.O.S Better Online Solutions Ltd.
+972-542525925 eyalc@boscom.com

 
   

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 a 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 impact of the COVID-19 virus and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; risks associated with completing and successfully integrating an acquisition with BOS’s existing business; and additional risks and uncertainties detailed in BOS’ 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.

March 26, 2019 (EN)

BOS Announces a Strategic Agreement with RFKeeper

RISHON LEZION, Israel, March 26, 2019 (GLOBE NEWSWIRE) — B.O.S. Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a leading Israeli integrator of RFID and Mobile solutions and a global provider of Supply Chain solutions to enterprises, announced today that its RFID and Mobile Division has signed a representative agreement with RFKeeper Ltd. (www.rfkeeper.com).

RFKeeper, an Israeli start-up company, is a provider of an RFID cloud-based platform for retailers. The RFKeeper platform, used by international customers, optimizes the supply chain operations, reduces inventory shrinkage and increases sales. The platform offers retailers real-time item-level control and visibility at the Point of Sale, for both online and in-store operations (“Smart Store”).

Yuval Viner BOS’ Co-CEO, stated: “BOS provides inventory counting and tracking services using a proprietary software and a skilled workforce, to more than 2,000 retail stores in Israel.  We anticipate that retailers will increasingly transform into the Smart Store model, of automatic management and tracking of items’ movement in and out of the store’s inventory space. RFKeeper’s innovative RFID platform has demonstrated its success through installations around the world. We look forward to being the representative for the sale and integration of the RFKeeper platform in Israel.

Haim Bar-On, RFKeeper’s CEO, stated: “We are seeing an increased market demand for Smart Store solutions. We selected BOS’ as the integrator of our RFID software platform  due to its extensive experience in RFID integration, expertise in logistic processes and strong footprint in the Israeli retail market.”

Eyal Cohen, BOS’ Co-CEO, stated:” We are pleased to have been selected to represent RFKeeper in Israel.  This agreement is a direct result of our extensive efforts to execute our strategic growth plan and it will enable BOS to gain exposure to, and to benefit from, the expected investments of retailers in transforming to Smart Stores. We are also excited about our acquisition of the assets of Imdecol Ltd, announced a few days ago.  We expect that following this acquisition, BOS will be well positioned to effectively target the anticipated investments of manufacturers in Smart Factories. In addition, we continue to evaluate opportunities to expand our business via complementary acquisitions.”  

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.

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; risks associated with completing and successfully integrating an acquisition with BOS’ existing business; and additional risks and uncertainties detailed in BOS’ 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.


January 9, 2017

B.O.S’ RFID and Mobile Division Received an Order for an RFID System from One of the Biggest Public Libraries in Israel

RISHON LEZION, Israel, January 9, 2017 (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 won a bid for the integration and installation of an RFID system in one of the biggest public libraries in Israel. The order amounts to approximately $250,000 and the system will be installed in 2017.
Eran Harel, CTO of BOS’ Inventory Counting Activity, stated: “The system is comprised of automatic self-service stations, staff stations, security gates, and RFID tags that are affixed to the books. The system was developed by Bibliotheca. BOS will be responsible for the integration and installation of the system and the conversion of the existing barcode tags into RFID tags.”

Yuval Viner, BOS’ CEO, added: “I am pleased that one of the biggest public libraries in Israel, which holds more than 550,000 books, chose the BOS’ solution. With the RFID based system, the library staff can easily process multiple items of varying size, weight and thickness without the need to locate the barcode. This accelerates processing, and frees up time for the library staff to better assist the  public in finding information and conducting educational programs. Following the completion of installation we anticipate that additional libraries will adopt the RFID based solution, as a standard”, Yuval Viner concluded.

About Bibliotheca
Bibliotheca is a global developer and supplier of solutions that help sustain and grow libraries around the world. Its products are designed to provide a welcoming, intuitive and seamless environment for those that use the library. Bibliotheca’s products include RFID security, Automated Materials Handling, self-service, productivity and digital/cloud (patron-facing) solutions. Bibliotheca has deployed its equipment in over 30,000 unique libraries around the world.

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.

December 15, 2016

B.O.S’ Supply Chain Division Receives a $1,600,000 Order from an Indian Customer

RISHON LEZION, Israel, December 15, 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 Supply Chain Division has received a $1,600,000 order for electronic components from an Indian electronics manufacturing company in the defense and aerospace industry. The order is for delivery in 2017 and 2018.

Avidan Zelicovski, BOS’ President, stated: “I am very pleased with our continued successful expansion into the Indian defense and aerospace industry. As we have previously indicated, India presents a significant opportunity for our Company. We believe that this specific order marks an important milestone in the growth of our business in India.” 

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.