BOS' Intelligent Robotics Division Receives An Order For €615,000 From An Israeli Defense-Industry Customer; Order Will Be Delivered In March 2025
BOS Better Online Solutions Ltd. ("BOS" or the "Company") (NASDAQ:BOSC) announced today that its Intelligent Robotics Division has received a €615,000 order for a robotic production line from an Israeli defense-industry customer. This order will be delivered in March 2025.
Eyal Cohen, BOS' CEO, stated: "Our strategic growth plan for the Intelligent Robotics division focuses on customers from the Israeli defense market, which have a great potential for recurring orders. It is the fourth order from the same customer since the beginning of 2023. It is a decisive vote of confidence by one of the largest defense manufacturers in Israel.
We have invested extensively in our Robotics division in recent years, including in a significant restructuring of its operations and business model. We have seen continued improvement in the Intelligent Robotics division and expect it to be profitable in the fourth quarter of 2023."