Business
BOS Receives Order for In Mold Label Robots from Brazilian Plastic Manufacturer
RISHON LEZION, Israel, Jan. 28, 2020 (GLOBE NEWSWIRE) -- B.O.S Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ: BOSC), a global provider of
About this update from B.o.s. Better Online Solutions
[{"type":"text","content":"RISHON LEZION, Israel, Jan. 28, 2020 (GLOBE NEWSWIRE) -- B.O.S Better Online Solutions Ltd. (\"BOS\" or the \"Company\") (NASDAQ: BOSC), a global provider of Intelligent Robotics and Supply Chain solutions for enterprises, announced today that it has received an order from a Brazilian plastic manufacturer for a robotic system of In-Mold Labeling (IML) for injection molding products. The order is expected to be delivered by the second quarter of 2020.\n Eyal Cohen, BOS CEO commented, “BOS, through the acquisition of the Imdecol business, has extensive experience providing IML robotic systems worldwide. We are pleased to receive this order and expand our relationship with an existing customer by assisting the automation of their in-mold labeling operations. Our IML robotic system integrates with the plastic injection machine to provide automated in-mold decorating that appears on the final product. We believe our IML robotics business had the potential to be a substantial growth driver for our Company and remain focused on increasing the international market recognition of our robotics capabilities to capture market share. To that end, we recently established a sales and technical support office in the U.S. to better position BOS for the growing market opportunity in America.” About BOS BOS is a global provider of Intelligent Robotics and Supply Chain solutions for enterprises. BOS offers smart automation systems for industrial processes, logistics and retail stores. The Company's Supply Chain division provides electronic components mainly for the aerospace, defense and other industries worldwide including electronic components services of consolidation from a vast number of suppliers, long term scheduling and kitting. For more information, please visit: www.boscorporate.com, www.imdecol.com or contact: International John Nesbett IMS Investor Relations (203) 972-9200 [email protected] Company Contact Eyal Cohen, CEO BOS [email protected] 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 ...