RISHON LEZION, Israel, Nov. 17, 2008 (GLOBE NEWSWIRE) -- B.O.S. Better Online Solutions Ltd. ("BOS" or the "Company") (Nasdaq:BOSC) (TASE:BOSC), a leading provider of comprehensive Mobile and RFID solutions for the enterprise and of Supply Chain solutions, announced today that its U.S. supply chain division, Summit Radio Corp. ("Summit"), signed an agreement with a major North American manufacturer in the civil aircraft industry for the supply of electronic components as part of BOS' supply chain solutions. The total expected value of this agreement amounts to approximately $8 million for the years 2008-2010. The contract may be extended for additional terms.
Andrew Levi, Head of Supply Chain Solutions Americas commented: "We are very pleased to announce the award of a substantial 3 year long term agreement with this strategic customer. This contract further emphasizes our supply chain capabilities."
Shmuel Koren, BOS President and CEO added: "This agreement reflects the strengthening of our relationship with the worldwide avionic and aerospace industry and our strong position in the supply chain field."
About BOS
B.O.S. Better Online Solutions Ltd. ("BOS") was established in 1990.
BOS's operations consist of:
(i) Fully integrated Mobile and RFID Solutions that are offered
either as stand alone products or as full Solutions combined
of:
(a) Hardware Devices -- A Mobile and RFID Infrastructure with
an automatic identification and data collection equipment
based on RFID and barcode technology; and
(b) Middleware -- A variety of proprietary Servers intended to
receive data from Hardware, process it and transfer it to
the Software Applications; and
(c) Software Applications -- pointAct application platform for
implementation of various business organizational
processes.
(ii) Supply Chain Solutions -- reselling electronic systems and
components for security, and aerospace manufacturers.
BOS is traded on NASDAQ and on the Tel-Aviv stock exchange. Our website is www.boscorporate.com.
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 our 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; and additional risks and uncertainties detailed in BOS's periodic reports and registration statements filed with the U.S. Securities Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.