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.”
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
Online Solutions Ltd.
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.