In This Article:
RISHON LE ZION, Israel, Dec. 12, 2024 (GLOBE NEWSWIRE) -- BOS Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a global integrator of supply chain technologies, today announced the successful launch of a new product line within its Supply Chain Division: a Wiring and Cabling line.
These wiring and cabling products complement the electromechanical connectors that BOS currently supplies to its customers, enabling the Company to increase revenues—particularly within the defense sector.
Since the introduction of the Wiring and Cabling line in September 2024, BOS has already secured $960,000 in orders.
Avidan Zelicovski, President of BOS, commented:
“A key element of our growth strategy is to broaden our offerings to existing customers. Our expansion into wiring and cabling reflects our ability to identify and meet customer needs accurately. The synergy between this new product line and our established sales and operations infrastructure has already resulted in significant orders in a relatively short time.”
About BOS Better Online Solutions Ltd.
BOS integrates cutting-edge technologies to streamline and enhance supply chain operations across three specialized divisions:
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Intelligent Robotics Division: Automates industrial and logistics inventory processes through advanced robotics technologies, improving efficiency and precision.
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RFID Division: Optimizes inventory management with state-of-the-art solutions for marking and tracking, ensuring real-time visibility and control.
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Supply Chain Division: Integrates franchised components directly into customer products, meeting their evolving needs for developing cutting-edge 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 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.