B.O.S. Better Online Solutions

Ladies and gentlemen, thank you for standing by. Welcome to the BOSS first quarter 2021 results conference call. All participants are present in a listen-only mode. Following management's formal presentation, instructions will be given for the question and answer session. For operator assistance during the conference, please press star zero. As a reminder, this conference call is being recorded and will be available on the BOSS website as of tomorrow. With us on the line today are Mr. Ziv Dekel, Chairman, and Mr. Eyal Cohen, CEO, and Mr. Moshe Zeltser, CFO. Before I turn the call over to Mr. Ziv, I would like to remind everyone that forward-looking statements for the respected company's business financial condition and results of its operations are subject to risks and uncertainties which could cause actual results to differ materially from those contemplated. Such forward-looking statements include, but are not limited to, product demand, pricing, market acceptance, changing economic conditions, risks in product and technology development, and the effect of the company's accounting policies, as well as certain other risk factors, which are detailed from time to time in the company's filings with the various securities authorities. I would now like to turn the call over to Mr. Ziv Dekel, Chairman. Mr. Dekel, please go ahead.

Okay. Thank you for joining our earning call. I hope that everybody is well. I'm encouraged by the improvements in our financial results for the third consecutive quarter. Led by Eyal, the company continued its process of enhancing its capability and market competitiveness. Specifically, I would like to refer to the synergies we built between the robotics and the RFID division that already generated sales and future as we see it along. Looking forward, the management team works extensively to strengthen and develop the growth engines of our division by branching into new segments, penetrate to new territories, and expand products offering for existing and new clients. Now I would like to turn the call over to Eyal Cohen to elaborate about our growth plan. Eyal, please.

Thank you, Ziv, and thank you all for joining our call today. Regarding branching into new segments, currently most of the cells of the robotic division are to the industrial segment. By the end of this year, we plan to launch a new line of robotic systems for the logistics segment. This line will automatically sort products like clothes and boxes received in the logistics center and automatically sort them into shipping boxes. We already got an initial order at a pre-sale price of $430,000 from a fashion retailer for an automatic sorting system. This system will automatically sort and allocate clothes in the logistics center into shipping boxes for its 160 stores. This new line of system leverage the strong footnote of the RFID division in the logistics segment and the technological capabilities of the robotic division. We anticipate that the first installation of this automation line will kick the cells of this line and be a fundamental growth engine of the RFID and robotics divisions. Regarding penetrate new territories, at the beginning of this year, we reestablished the robotic division sales office in the US. We are working extensively to achieve our initial goal to close significant order in the first half of this year. Regarding expanding our product offering to our existing client, we are checking and considering various alternatives to significantly increase the number of franchises that we can offer to the supply chain division clients to support its growth. To conclude, we are making good progress in executing BOSS growth plan and we believe that it will gradually and consistently grow our business. Thank you. Now we'll go to the questions.