other material
confidence high
sentiment positive
materiality 0.50
OMNIQ receives U.S. patent for AI-based HOV occupancy detection; sees $218M addressable market
OMNIQ Corp.
- Patent No. 12,633,155 B1 covers deep-learning vehicle occupant counting via dual infrared line-scan imagery; filed 2020.
- Representative deployment estimated at ~$1.6M annual revenue; U.S. HOV market placed at ~$218M across ~136 facilities.
- Technology already live at 2 U.S. sites and 1 international site; uses license plate recognition and blurs faces.
- Company's broader vehicle recognition platform already in service at thousands of U.S. sites and 3 internationally.