B.O.S. Better Online Solutions Ltd. Successfully Completed an RFID traceability project in Spain
Rishon Letzion, Israel — February 21, 2012 — B.O.S. Better Online Solutions Ltd. (“BOS”) (NASDAQ: BOSC), today announced that its RFID division, has successfully completed a traceability project in Spain at BAMESA corporation.
BAMESA is a leading Steel Service Center organization for, among others, the automotive, home appliances and metal engineering industries, with eight locations in five different countries. The project includes tagging, tracking and managing inventory for metal pallets. The project was executed in cooperation with the Supply Chain Excellence Centre of Everis, a multi-national Spanish consulting company.
Mr. Yuval Viner, BOS CEO, stated: "BAMESA's metal pallets presented a technological challenge as the metal interferes with the RF transmission. Our success in implementing this project demonstrates our strong technical abilities".
Mr. Manel Romero, Everis' Supply Chain Excellence Centre Director, added “BOS' solution provides full visibility and tracking of metal pallets, inside and outside of the warehouse. Its RFID technology is integrated into the customer's SAP ERP system, ensuring superior accuracy in the inventory management and delivery. This project has improved Everis’ expertise in the RFID field and we look forward to implementing similar projects for other clients worldwide in collaboration with BOS ".
Mr. Luis Gutierrez Roy, Board member of BOS and managing partner at the Telegraph Hill Group, based in Barcelona and San Francisco, commented:"The successful completion of this project illustrates how robust the BOS solutions are and the importance of partnering with leading systems integrators like Everis in BOS' expansion into other countries".
B.O.S. Better Online Solutions Ltd. (NASDAQ: BOSC) is a leading provider of RFID and Supply Chain solutions to global enterprises, that help customers worldwide improve the efficiency of their logistics and organizational monitoring and control. 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. BOS' Supply Chain division provides electronic components consolidation services to the aerospace, defense, medical and telecommunications industries. For more information, please visit: www.boscorporate.com
Everis is a multinational consulting firm that provides business solutions, strategy, development and maintenance of technological applications, and outsourcing. The company, which operates in telecommunications, financial institutions, industry, utilities, energy, banking, insurance, government, media and health, achieved a turnover of €506 million in the last fiscal year. Currently, the consultant has over 10,000 professionals in different offices in Europe, the USA and Latin America. For more information, please visit: www.everis.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; and additional risks and uncertainties detailed in BOS's periodic reports and registration statements filed with the U.S. Securities 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.
B.O.S. Better Online Solutions Ltd.
Mr. Eyal Cohen, CFO