RISHON LE ZION - BOS Better Online Solutions Ltd. (NASDAQ: BOSC), an Israeli provider of inventory management technology, has secured a €615,000 order ($1 = €0.92) for a robotic production line from a defense-industry customer in Israel. The company's Intelligent Robotics Division is set to deliver the order in March 2025.
This recent deal marks the fourth order BOS has received from the same client since the beginning of 2023, indicating a strong and ongoing relationship between the two entities. BOS CEO Eyal Cohen highlighted the order as a testament to the company's focused strategic growth plan and a "decisive vote of confidence" from one of Israel's largest defense manufacturers.
Cohen also noted the company's significant investment in the Intelligent Robotics division, including a major restructuring of its operations and business model. These changes appear to be bearing fruit, as BOS anticipates the division will turn profitable by the fourth quarter of 2023.
BOS operates through three main divisions: Intelligent Robotics, which automates industrial and logistic inventory processes; RFID, which marks and tracks inventory; and Supply Chain, which manages inventory. The company's engagement with the Israeli defense market is part of a broader strategy to cater to sectors with high potential for recurring orders.
The information in this article is based on a press release statement from BOS Better Online Solutions Ltd.
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