B.O.S’ RFID and Mobile Division Renamed “Intelligent Robotics and RFID Division”
The new name reflects the expanded scope of the division’s operations
RISHON LE ZION, Israel, July 29, 2019 -- B.O.S 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 has changed the name of its RFID and Mobile Division to "Intelligent Robotics and RFID Division".
Eyal Cohen, BOS' Co-CEO, stated: "With the Imdecol acquisition, we significantly broadened our capabilities and solutions. BOS' legacy offering has been strengthened by the addition of Imdecol's tailor-made robotics that address industrial and logistics process requirements.”
Yuval Viner, BOS' Co-CEO, added:" We believe that robotics will be a major growth engine for BOS in the coming years. The new name more accurately captures our long term strategic direction, as we invest significant resources into expanding our international sales platform. We’re excited to make the change and are energized about the opportunities we see in the marketplace for our enhanced technology.”
B.O.S 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.boscorporate.com or contact:
IMS Investor Relations
(203) 972-9200 email@example.com
Eyal Cohen, Co-CEO & CFO
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 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.