Energisa Taps Full Potential of Powerfleet’s Unity Platform for Driver Safety and Economic Excellence

WOODCLIFF LAKE, NJ – February 09, 2023 – Powerfleet, Inc. (Nasdaq: PWFL) expands its partnership with Energisa, the fifth largest electricity distribution group in Brazil. Following its successful rollout of Powerfleet’s fleet management solution, Energisa will continue improving vehicle fleet operations with Unity, Powerfleet’s fleet intelligence platform. The relationship exemplifies the rapid growth and capabilities of Powerfleet throughout Brazil and the broader South American market.

“Safe and economical operations are top fleet priorities at Energisa,” said Guilherme Roberto de Oliveira, Fleet Coordinator, Energisa. “Relying on conventional methods, such as safety trainings and conversations, isn’t enough. Working with Powerfleet allows us to elevate our safety standards, reduce costs, increase longevity of our vehicles, and help the environment with better fuel consumption.”

“Our customers are at the heart of what we do at Powerfleet,” said Pablo Porto, General Manager for Brazil and Argentina, Powerfleet. “We strive to give executives and fleet managers peace of mind about the safe and efficient use of their vehicles, as well as providing a true partnership that expands as they grow. Playing a key role in Energisa’s digital journey epitomizes this. Unity provides a single source for data intelligence, enabling Energisa to offer efficient services to customers, keep their workforce safe, and reduce operational costs.”

 

To improve driving behavior and safety, Energisa created the ‘Conscious Driving Project.’ This is based on self-management of driving habits, powered by real-time alerts from Powerfleet. Unity’s data insights enable Energisa to analyze driving performance over time to create individual driver scorecards and economy ratings. Powerfleet’s fleet management solution instantly notifies drivers of unsafe or uneconomical driving, empowering them to correct their actions.

 

Additionally, Energisa uses Powerfleet to increase fuel economy through reduction of idling, harsh breaking, and rapid acceleration. Powerfleet’s data insights on Energisa’s expansive fleet, consisting of more than 5,000 vehicles operating in several states, is pivotal for monitoring for improper use cases and detection of problems in real-time. The result is improved maintenance repair time and costs.

Since implementing Powerfleet, Energisa achieved:

  • Improved safety standards from proactive monitoring
  • Fuel savings of R$5.6 million from enhanced fleet performance
  • An estimated R$ 2million saved from reduced idling
  • Savings of R$1.43 million from longer duration of utility vehicle parts
  • A 53% reduction in the purchase of injection nozzles via diagnostic trouble code (DTC) data

 

 

ABOUT ENERGISA

The Energisa Group completed 117 years on February 26, 2022 and is the fifth largest electricity distribution group in the country, serving approximately 8.2 million consumers in eleven states or the equivalent of 10% of the Brazilian population. The Company controls 11 electricity distributors located in the states of Minas Gerais, Sergipe, Paraíba, Rio de Janeiro, Mato Grosso, Mato Grosso do Sul, Tocantins, São Paulo, Paraná, Acre and Rondônia, with a concession area of 2,034 million km², equivalent to 24% of the national territory. The activities of the Energisa Group also include the commercialization and provision of services related to electricity, the performance in the segment of distributed electric power generation, as well as assets in energy transmission, resulting from the acquisitions of 7 lots at auctions (2017, 2018, 2020 e 2021), and 4 operational concessions acquire through the secondary market. For more information, please visit https://ri.energisa.com.br.

 

ABOUT POWERFLEET

Powerfleet (NASDAQ: PWFL; TASE: PWFL) is a global leader of internet of things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations. Our data science insights and advanced modular software solutions help drive digital transformation through our customers’ and partners’ ecosystems to help save lives, time, and money. We help connect companies, enabling customers and their customers to realize more effective strategies and results. Powerfleet’s tenured and talented team is at the heart of our approach to partnership and tangible success. The company is headquartered in Woodcliff Lake, New Jersey, with our Pointer Innovation Center (PIC) in Israel and field offices around the globe. For more information, please visit www.powerfleet.com.

 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to Powerfleet’s beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond Powerfleet’s control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion, or other financial information; emerging new products; and plans, strategies, and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the ability to recognize the anticipated benefits of the acquisition of Pointer, which may be affected by, among other things, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for Powerfleet’s products to continue to develop, the inability to protect Powerfleet’s intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in Powerfleet’s filings with the Securities and Exchange Commission, including Powerfleet’s annual report on Form 10-K for the year ended December 31, 2021. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Powerfleet. Unless otherwise required by applicable law, Powerfleet assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether a result of new information, future events, or otherwise.

 

Powerfleet Investor Contact

Matt Glover

Gateway Group, Inc.

PWFL@gatewayir.com

(949) 574-3860

 

Powerfleet Media Contact

Heather K. Smith

hsmith@powerfleet.com

(605) 203-0605

 

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Powerfleet Appoints Seasoned Executive David Wilson as Chief Financial Officer

WOODCLIFF LAKE, NJ – January 4, 2023 – Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, has appointed David Wilson as the company’s new Chief Financial Officer (CFO). Wilson brings more than 20 years of executive leadership and finance experience in both the public and private markets. He has successfully led companies through business transformations, high-multiple merger and acquisition transactions as well as capital raises totaling over $1 billion.

“I am excited to welcome David to our leadership team,” said Steve Towe, Chief Executive Officer, Powerfleet. “As a seasoned financial executive, David brings a strong background in the business-to-business (B2B) SaaS arena and significant international experience along with a superb track record of delivering results. I look forward to him playing an instrumental role in driving Powerfleet’s transformation and future growth.”

Prior to joining Powerfleet, Wilson held CFO roles with a series of B2B SaaS businesses, including NSONE Inc., the leading provider of next generation managed Domain Name System services, Symphony Communications, a more than $1 billion in valuation privately held encrypted communication company, and Ooyala Inc., a leading provider of online video services, where he played a critical role in its sale to Telstra (ASX: TLS). Wilson also has extensive CFO experience in the public markets, previously serving in such role with Alaska Communications Systems, a former Nasdaq-listed, facilities-based telecommunications provider, which outperformed the sector by 14 times during his tenure.

“I have been captivated by Powerfleet’s transformation, impressed by the milestones achieved to date, and excited about joining Steve and his leadership team on this journey,” said Wilson. “I look forward to driving the company’s financial priorities, providing value for all stakeholders, and delivering on the Powerfleet promise.”

Residing in New York City, NY and based out of the company’s global headquarters in New Jersey, NJ, Wilson will lead Powerfleet’s global financial organization.

 

ABOUT POWERFLEET

Powerfleet (NASDAQ: PWFL; TASE: PWFL) is a global leader of internet of things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations. Our data science insights and advanced modular software solutions help drive digital transformation through our customers’ and partners’ ecosystems to help save lives, time, and money. We help connect companies, enabling customers and their customers to realize more effective strategies and results. Powerfleet’s tenured and talented team is at the heart of our approach to partnership and tangible success. The company is headquartered in Woodcliff Lake, New Jersey, with our Pointer Innovation Center (PIC) in Israel and field offices around the globe. For more information, please visit www.Powerfleet.com.

 

Inducement Grants

In connection with his appointment as CFO, Mr. Wilson will receive the following inducement awards, effective as of January 4, 2023:

  • options to purchase 130,000 shares of the company’s common stock, which will have an exercise price equal to the closing price of the company’s common stock on Mr. Wilson’s start date, a term of 10 years and will vest as to 25% of such options on each of the first, second, third and fourth anniversaries of the grant date, provided that Mr. Wilson is employed by the company on each such date; and
  • performance-based options to purchase 275,000 shares of the company’s common stock at an exercise price of $3.00 per share (however, if the closing price on Mr. Wilson’s start date is higher than $3.00 per share, then the exercise price will be the closing price on such date), which will have a term of 10 years and will vest in full if the volume weighted average price of the company’s common stock during a consecutive 60 trading day period reaches $12.00 per share, provided that Mr. Wilson is employed by the company on such date.

The inducement awards were approved by the compensation committee of the company’s board of directors.

 

Powerfleet Investor Contact

Matt Glover
Gateway Group, Inc.
PWFL@gatewayir.com
(949) 574-3860

 

Powerfleet Media Contact

Andrea Hayton
ahayton@powerfleet.com
(610) 401-1999

###

 

 

 

Introducing Powerfleet Unity, the IoT Platform that Brings People, Assets, and Data Together to Transform Business Operations

WOODCLIFF LAKE, NJ – November 30, 2022 – Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, today announced the launch of Powerfleet Unity, a new fleet intelligence platform that unites people, assets, and data together to transform the way its customers do business.

The Powerfleet Unity platform enables rapid and deep integration with IoT devices and third-party business systems to a highly scalable data pipeline that powers artificial intelligence-driven insights to help companies save lives, time, and money.

Powerfleet Unity’s extensive integration library of data sensory device types coupled with Powerfleet’s modular, business performance improvement solutions allow customers to receive rapid speed to value and deliver dramatic positive change to their business.

Starting in the first quarter of 2023, Powerfleet Unity will feature six highly enriched data-powered applications, including:

 

  • Safety and Security: Use livestream data to enhance driver coaching and performance to reduce accidents on the road. In addition, use third-party data to help identify danger spots for your drivers and proactively work around them to further reduce risk.
  • Advanced Fuel Management: Proactively manage fuel costs, avoid fuel theft, coach drivers based on driving behaviors, and achieve sustainability goals.
  • Maintenance and Performance: Reduce downtime and manage your maintenance operations based on real-world usage and history to ensure you don’t over or under service assets to avoid unnecessary costs.
  • Regulatory Management and Compliance: Automate compliance workflows and enable your drivers to focus on getting to their destinations safely and on time.
  • Visibility and Resource Management: Analyze asset, vehicle, and people utilization to avoid costly rentals, reduce theft, and under-used resources to increase efficiency and ensure your team is where they are needed.
  • Sustainability: Advance your green agenda. Powerfleet Unity is ready to support your organization’s transition to electric vehicles (EV) with hundreds of EV data elements to optimize fleet planning, battery range, EV safety, and maintenance.

 

Powerfleet Unity will also offer customers data extensibility by exposing the platform using extensible microservices and open APIs to make integrating to external systems and leveraging their own data quick and easy.

 

“Powerfleet Unity is a game changer,” said Jim Zeitunian, Powerfleet’s Chief Technology Officer, “Today’s release will become foundational and transformative for how our customers unify and manage their people, assets, and fleets going forward. The future is to allow our customers to leverage their own creativity and capabilities to fundamentally change the way they do business. We are proud that Powerfleet is leading the way.”

 

To learn more, visit www.powerfleet.com/unity.

 

ABOUT POWERFLEET

Powerfleet (NASDAQ: PWFL; TASE: PWFL) is a global leader of internet of things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations. Our data science insights and advanced modular software solutions help drive digital transformation through our customers’ and partners’ ecosystems to help save lives, time, and money. We help connect companies, enabling customers and their customers to realize more effective strategies and results. Powerfleet’s tenured and talented team is at the heart of our approach to partnership and tangible success. The company is headquartered in Woodcliff Lake, New Jersey, with our Pointer Innovation Center (PIC) in Israel and field offices around the globe. For more information, please visit www.powerfleet.com.

 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to Powerfleet’s beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond Powerfleet’s control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion, or other financial information; emerging new products; and plans, strategies, and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the ability to recognize the anticipated benefits of the acquisition of Pointer, which may be affected by, among other things, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for Powerfleet’s products to continue to develop, the inability to protect Powerfleet’s intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in Powerfleet’s filings with the Securities and Exchange Commission, including Powerfleet’s annual report on Form 10-K for the year ended December 31, 2021. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Powerfleet. Unless otherwise required by applicable law, Powerfleet assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether a result of new information, future events, or otherwise.

 

Powerfleet Investor Contact

Matt Glover

Gateway Group, Inc.

PWFL@gatewayir.com

(949) 574-3860

 

Powerfleet Media Contact

Julia Grove

jgrove@powerfleet.com

(703) 629-5449

 

###

Powerfleet Names Offer Lehmann as Chief Operating Officer

WOODCLIFF LAKE, NJ – November 15, 2022 – Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, has appointed Offer Lehmann to the newly created position of Chief Operating Officer (COO). Lehmann brings vast senior business management experience in leading global operations and customer success teams for prominent public and private growth companies. As COO, Lehmann will oversee the company’s global customer experience and execution of its operational strategy.

 

“We are excited to welcome Offer to the team,” said Steve Towe, Chief Executive Officer of Powerfleet. “His experience of scaling operations and customer success teams will play a critical role in the continued transformation of our global organization. We are placing customer centricity and operational excellence at the very heart of our strategy by bringing customer service, supply chain performance, and business operations systems functions under one leader. For the first time, we are developing the end-to-end experience a customer receives throughout their journey with us – from order through fulfilment into in-life service and support. Offer has the added responsibility to enable our differentiated service with best-in-class tools and systems for our people and customers.”

 

Prior to joining Powerfleet, Lehmann worked at Kornit Digital, the market-leader of digital printing technology for the textile industry, where he led strategic business activities in Europe and was previously operations leader for the global company. During his tenure, the company grew five times in size and experienced 10 times increase in valuation. Prior to Kornit Digital, Lehmann held senior roles at Ceragon Networks, HP, and Applied Materials.

 

“I am energized to join a mission-driven company that already has tremendous operational momentum and new market opportunities ahead of it,” said Lehmann. “My background in leading complex global organizations has equipped me with the expertise to further advance Powerfleet’s goals. Powerfleet’s strategy and opportunity has never been more compelling, and I am honored to be part of its world-class team.”

 

Powerfleet’s steady growth reflects how continuing to be innovative while also investing in its talent has proven to be a tremendous advantage in a rapidly changing environment. Lehmann’s appointment is reflective of the company’s values for new ideas and delivering exceptional solutions and service to its growing customer base.

 

ABOUT POWERFLEET

Powerfleet (NASDAQ: PWFL; TASE: PWFL) is a global leader of internet of things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations. Our data science insights and advanced modular software solutions help drive digital transformation through our customers’ and partners’ ecosystems to help save lives, time, and money. We help connect companies, enabling customers and their customers to realize more effective strategies and results. Powerfleet’s tenured and talented team is at the heart of our approach to partnership and tangible success. The company is headquartered in Woodcliff Lake, New Jersey, with our Pointer Innovation Center (PIC) in Israel and field offices around the globe. For more information, please visit www.Powerfleet.com.

 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to Powerfleet’s beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond Powerfleet’s control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion, or other financial information; emerging new products; and plans, strategies, and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the ability to recognize the anticipated benefits of the acquisition of Pointer, which may be affected by, among other things, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for Powerfleet’s products to continue to develop, the inability to protect Powerfleet’s intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in Powerfleet’s filings with the Securities and Exchange Commission, including Powerfleet’s annual report on Form 10-K for the year ended December 31, 2021. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Powerfleet. Unless otherwise required by applicable law, Powerfleet assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether a result of new information, future events, or otherwise.

 

Powerfleet Investor Contact

Matt Glover

Gateway Group, Inc.

PWFL@gatewayir.com

(949) 574-3860

 

Powerfleet Media Contact

Julia Grove

jgrove@powerfleet.com

(703) 629-5449

###

 

Powerfleet Expands Personal Safety IoT Marketplace Through Partnership with ClickNow

WOODCLIFF LAKE, NJ – November 11, 2022 – Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, has formed a partnership with ClickNow, a protection-as-a-service smart mobile application company. The partnership strengthens Powerfleet’s focus to provide mission-critical solutions across business operations and expands existing safety capabilities to personal safety outside of a vehicle. The ClickNow mobile application in conjunction with Powerfleet’s existing Unity platform, advanced modular solutions, and data science will continue to help Powerfleet customers save lives, time, and money.

 

“We are thrilled to partner with ClickNow to help take Powerfleet’s safety module, which will be released in March 2023, to a new and impactful area of mobile resources outside of a vehicle,” said Jim Zeitunian, Chief Technology Officer of Powerfleet. “The partnership marks our first of many leading technologies being incubated in our Pointer Innovation Center (PIC) in Israel, with the goal to offer it in all of our core markets.”

 

Accessible through Powerfleet’s Unity platform and safety module, customers will have access to a personal safety application with a built-in AI Guardian, which will conduct systematic and automated checks of the driver’s safety and provide threat alerts to the driver. The AI Guardian engages a 24/7 command control center if it is flagged for a potential emergency. Powerfleet will provide call center infrastructure support to power the ClickNow command control center. Members of the driver’s family or designated contacts can also get emergency alerts as well as day-to-day information. Over time, the AI Guardian application will become increasingly predictive, deterring and alerting drivers and fleet managers to avoid potentially dangerous locations.

 

“With this partnership with ClickNow, we see an opportunity to provide our customers increased safety options and save more lives,” said Ilan Goldsten, Chief Executive Officer, Pointer, part of Powerfleet. “Our vast customer base is an ideal subscriber for this safety application and our Israeli location will be the first place of deployment.”

 

Powerfleet offers vital information that can be used to take immediate action. Powerfleet applications give businesses the ability to gather IoT data from various high-value asset types into a comprehensive view for analysis, enabling unified operations across organizations, and improved decision-making. With the help of clear reports, dashboards, and real-time alerts, we help our customers increase safety, productivity, security, and profitability.

 

ABOUT CLICKNOW

ClickNow is a protection-as-a-service smart mobile application company. Our mission is to provide a personal security app with the world’s most advanced user experience. Our goal is to create and commercialize a revolutionary personal security invention that will save the lives of millions of people worldwide. ClickNow, Live Technologies LTD under the Guardiansapp trademark makes it simple for any business to offer its community an advanced mobile app solution for personal safety. The ClickNow GuardiansApp was developed with community security in mind, allowing certain members of your network to be alerted via a message sent from your device if you require help or are in trouble. Our solution tracks and predicts threats and provides physical protection onsite with a minimal response time while the prevention, intervention and protection window is still open. The application can transmit essential information within seconds with a limited bandwidth no direct GSM, Wi-Fi, or Bluetooth connectivity. For more information, visit clicknow.app.

 

ABOUT POWERFLEET

Powerfleet (NASDAQ: PWFL; TASE: PWFL) is a global leader of internet of things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations. Our data science insights and advanced modular software solutions help drive digital transformation through our customers’ and partners’ ecosystems to help save lives, time, and money. We help connect companies, enabling customers and their customers to realize more effective strategies and results. Powerfleet’s tenured and talented team is at the heart of our approach to partnership and tangible success. The company is headquartered in Woodcliff Lake, New Jersey, with our Pointer Innovation Center (PIC) in Israel and field offices around the globe. For more information, please visit www.Powerfleet.com.

 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to Powerfleet’s beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond Powerfleet’s control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion, or other financial information; emerging new products; and plans, strategies, and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the ability to recognize the anticipated benefits of the acquisition of Pointer, which may be affected by, among other things, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for Powerfleet’s products to continue to develop, the inability to protect Powerfleet’s intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in Powerfleet’s filings with the Securities and Exchange Commission, including Powerfleet’s annual report on Form 10-K for the year ended December 31, 2021. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Powerfleet. Unless otherwise required by applicable law, Powerfleet assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether a result of new information, future events, or otherwise.

 

Powerfleet Investor Contact

Matt Glover

Gateway Group, Inc.

PWFL@gatewayir.com

(949) 574-3860

 

Powerfleet Media Contact

Julia Grove

jgrove@powerfleet.com

(703) 629-5449

 

Pointer Israel Media Contact

Yaniv Baruch

YanivB@pointer4u.co.il

03-5579505

Powerfleet Unveils New Brand Identity

WOODCLIFF LAKE, NJ — September 19, 2022 — Powerfleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations, today unveiled its new brand identity. Powerfleet’s new brand strategy focuses on being the “People Powered IoT” company, born from the knowledgeable, passionate, empathetic, and customer-centric qualities and values of its global team.

 

As part of the company’s brand evolution, the Pointer operating division and Innovation Center in Israel will take on an increased importance globally as the technology incubation hub and proving ground for advanced IoT solutions. The previous Pointer subsidiaries in Latin America and South Africa are all integrating into one global Powerfleet brand and organization.

 

“We are moving forward as one global organization to offer more extensive business insights and help our customers transform their business from within,” said Andrea Hayton, Senior Vice President of Marketing, Powerfleet. “Our new tagline ‘People Powered IoT’ reflects the importance we place on our world-class team who are committed to our customers’ success as well as advancing cutting-edge technologies and solutions that perform as promised.”

 

Powerfleet has grown and evolved over the course of the company’s 29-year history. In 2019, the merger of I.D. Systems, a North American telematics company focused on logistics and industrial vehicles, and Pointer Telocation, an Israeli headquartered business with multiple divisions around the globe focused on connected car and commercial vehicle solutions, helped to create a true IoT global business with scale, forming Powerfleet.

 

Part of reimagining Powerfleet’s brand story is its new innovative IoT platform called Powerfleet Unity. Powerfleet Unity brings people, assets, and data together on a single intelligent platform to transform business operations. Powerfleet Unity’s Cognitive Data Engine applies Artificial Intelligence (AI) and Machine Learning (ML) to power traditional operational benefits as well as new data applications to solve some of the industry’s most intractable challenges such as safety and risk management, advanced fuel management, sustainability, the move to electric vehicles, optimized fleet performance, fleet compliance, and maintenance.

 

“We are laser focused on continuing to move upstream within the IoT ecosystem and cementing our position as a global mission critical technology solutions company,” said Powerfleet CEO, Steve Towe.  “We are extremely well positioned to help our customers to unify their business operations and enable them to enjoy seamless supply chain efficiencies. Powerfleet makes a real and tangible difference to the organizations we serve in helping to save lives, creating more operating time, and increasing profitability through the business change management we help to deliver. Our extensive strategic partner relationships and global technology network helps us to offer broad, unique and more integrated value propositions to our customers.”

 

Successfully operating in both B2B and B2B2C markets, Powerfleet has more than 600,000 subscribers and many longstanding customer relationships with some of the biggest Fortune 1000 companies. Powerfleet’s people-powered and data-driven solutions help connect companies with their broader business ecosystems to drive digital transformations and more effective strategies and results. The company’s knowledgeable and customer-centric people are at the heart of their approach to tangible success.

 

If you’re interested in learning more about Powerfleet and the company’s rebrand, visit www.Powerfleet.com.

 

ABOUT Powerfleet

Powerfleet (NASDAQ: PWFL; TASE: PWFL) is a global leader of internet of things (IoT) software-as-a-service (SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations. Our data science insights and advanced modular software solutions help drive digital transformation through our customers’ and partners’ ecosystems to help save lives, time, and money. We help connect companies, enabling customers and their customers to realize more effective strategies and results. Powerfleet’s tenured and talented team is at the heart of our approach to partnership and tangible success. The company is headquartered in Woodcliff Lake, New Jersey, with our Pointer Innovation Center (PIC) in Israel and field offices around the globe. For more information, please visit www.Powerfleet.com.

 

Powerfleet Investor Contact

Matt Glover

Gateway Group, Inc.

PWFL@gatewayir.com

(949) 574-3860

 

Powerfleet Media Contact

Julia Grove

jgrove@Powerfleet.com

(703) 629-5449

 

PowerFleet Reaches 3,000 Industrial Segment Customers, Fueling 12 Percent Revenue Growth in the First Half of the Year from the US Industrial Market

WOODCLIFF LAKE, N.J., August 30, 2022 — PowerFleet, Inc. (Nasdaq: PWFL), a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, today announced that it has crossed the threshold of 3,000 industrial segment customers and grew its revenue by 12 percent in the US industrial market for the first half of 2022, compared to the prior year period. The milestone cements PowerFleet’s position as the market leader in the Industrial telemetry segment of the IoT market and is an indicator that the industry is increasingly seeking enterprise technology solutions to drive improved safety and productivity across business operations. PowerFleet is also expanding at pace its Industrial solution capabilities for launch into Latin America, Israel and the Middle East, as well as developing further into Europe.

 

“This milestone represents tens of thousands of workers that we’re working to keep safe and help mitigate risk in the workplace,” said Patrick Maley, Chief Revenue Officer, PowerFleet. “Businesses that work with PowerFleet quickly see the return-on-investment of the partnership through our ability to lower operating costs while improving productivity, safety and security. As the industry changes in response to continued challenges, our technology plays a crucial role in modernizing our customers’ software in support of their digital transformations. We look forward to further accelerating the innovation of our software and data solutions.”

 

Transportation and warehousing have the second-largest rate of preventable fatal work injuries of any sector—ahead of mining and construction. Earlier this year, PowerFleet launched its Pedestrian and Vehicle Warning System to help prevent accidents and protect pedestrians, goods, and facilities. Alongside its increase in new customers, PowerFleet is also expanding and renewing business with some of its long-time customers such as Jungheinrich, Toyota, Ford, and Nestle.

 

“Warehouses and manufacturing facilities are crucial links in the supply chain and are becoming increasingly complex workplaces where machines and people are working alongside each other in a fast-paced environment,” said Jim Zeitunian, Chief Technology Officer, PowerFleet. “We’ve been focused on how data can help our customers improve safety operations and lower risks in material handling facilities while balancing increased demand and workforce shortages. We are excited by the momentum and market acceptance of our latest products for pedestrian safety further driving our success as a best-in-class solution provider utilizing artificial intelligence and edge computing.”

 

 

 

 

 

About PowerFleet

PowerFleet® Inc. (NASDAQ: PWFL; TASE: PWFL) is a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations. PowerFleet’s patented technologies are the proven solution for organizations that must monitor and analyze their assets to improve safety, increase efficiency, reduce costs, and drive profitability. PowerFleet offers an extensive portfolio of industry-leading IoT sensors and software-as-a-service (SaaS) solutions to address industrial industry challenges that involve powered industrial vehicles such as forklifts. Our offerings are sold under the global brands PowerFleet, Pointer, and Cellocator. PowerFleet’s global headquarters are in Woodcliff Lake, New Jersey, with additional offices around the globe. For more information, please visit www.powerfleet.com, the content of which does not form a part of this press release.

 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to PowerFleet’s beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond PowerFleet’s control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion, or other financial information; emerging new products; and plans, strategies, and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the ability to recognize the anticipated benefits of the acquisition of Pointer, which may be affected by, among other things, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for PowerFleet’s products to continue to develop, the possibility that PowerFleet may not be able to integrate successfully the business, operations and employees of I.D. Systems and Pointer, the inability to protect PowerFleet’s intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in PowerFleet’s filings with the Securities and Exchange Commission, including PowerFleet’s annual report on Form 10-K for the year ended December 31, 2021. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, PowerFleet. Unless otherwise required by applicable law, PowerFleet assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether a result of new information, future events, or otherwise.

 

PowerFleet Investor Contact
Matt Glover
Gateway Investor Relations
PWFL@gatewayir.com

(949) 574-3860

 

PowerFleet Media Contact

Calen McGee

powerfleet@n6a.com

(908) 461-0266

The North American Chassis Pool Cooperative Expands Partnership with Powerfleet to Use Real-Time Data to Ease Port Congestion and Improve Intermodal Operations

WOODCLIFF LAKE, NJ – August 15, 2022 – Powerfleet, Inc. (Nasdaq: PWFL) a global leader of Internet-of-Things (IoT solutions) that manage enterprise assets for seamless business operations, today announced the renewal and expansion of its partnership with North American Chassis Pool Cooperative, LLC (NACPC). Following its recent acquisition of manufacturer Pratt Intermodal Chassis, NACPC has chosen Powerfleet as one of its major technology partners for chassis tracking and monitoring, which enables NACPC to address the extraordinary demand for high-quality chassis with the latest technology to help relieve pressure at ports across the country.

 

The partnership will increase real-time visibility within NACPC’s nation-wide network of chassis pools and products, helping customers maximize their equipment utilization. Together with Powerfleet, NACPC is looking to provide its customers with increased value and security, particularly within first and last mile visibility. By offering chassis monitoring solutions and data integration, NACPC increases its revenue opportunities as the need for chassis grows.

 

“What makes Powerfleet stand out has always been their responsiveness, creativity, problem-solving mindset to provide innovative solutions for our industry’s challenges and improvement opportunities,” said Jeffrey Dudenhefer, Chief Operating Officer of NACPC. “Investing in smart technologies has always been a priority of ours. In addition to their reliable hardware, we can greatly improve our data integration capabilities with their innovative software platform. Powerfleet offers one of the best product solutions in the market. NACPC is excited to bring this technology to our customers, working together with Power Fleet to bring forward additional smart chassis solutions to our industry.”

 

“We’re thrilled to continue our long-standing relationship with NACPC as they scale up their chassis technology solutions with us,” said Matt Harris, Vice President of Account Management, Powerfleet. “We’re proud to work alongside the team at NACPC to come up with the right solutions to address their customers’ most important challenge – finding available chassis to keep cargo moving along the supply chain.”

 

To learn more about Powerfleet’s solutions, visit www.powerfleet.com.

 

About Powerfleet

Powerfleet® Inc. (NASDAQ: PWFL; TASE: PWFL) is a global leader of subscription-based wireless solutions that secure, control, track, and manage high-value enterprise assets. Powerfleet’s patented technologies are the proven solution for organizations that must monitor and analyze their assets to improve safety, increase efficiency, reduce costs, and drive profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. Powerfleet’s global headquarters are in Woodcliff Lake, New Jersey, with additional offices around the globe. For more information, please visit www.powerfleet.com, the content of which does not form a part of this press release.

 

About The North American Chassis Pool Cooperative

The North American Chassis Pool Cooperative (NACPC) was founded in 2012 with the goal of providing a modern fleet of chassis to users with at cost pricing. The cooperative is motor carrier owned and is committed to supporting the U.S. intermodal container network with an efficient, internally owned chassis inventory. Use of NACPC chassis is open to all qualified motor carriers. NACPC operates more than 20,000 chassis across the country.

 

Powerfleet Investor Contact

Matt Glover

Gateway Investor Relations

PWFL@gatwayir.com

(949) 574-3860

 

Powerfleet Media Contact

Calen McGee

(908) 461-0266

Powerfleet@n6a.com

Magen David Adom Expands Partnership with Pointer by Powerfleet Adding 800 More Life-Saving Defibrillators with Smart Devices Across Israel

WOODCLIFF LAKE, N.J., Aug. 03, 2022 (GLOBE NEWSWIRE) — Powerfleet, Inc. (Nasdaq: PWFL) announced that its operating subsidiary, Pointer Telocation Ltd. (Pointer), has expanded its Internet of Things (IoT) technological services to Magen David Adom (MDA) for more than 800 defibrillators country-wide throughout Israel. After a successful initial deployment, the solution will be applied at additional municipalities throughout Israel. MDA plans to install its defibrillators with Pointer by Powerfleet technology in more public and commercial spaces such as parks and high-rise buildings in order to save more lives.

MDA is Israel’s national rescue organization for pre-hospital emergency medical services and blood services. The organization manages a fleet of ambulances and other emergency vehicles to provide advanced medical assistance. The solution from Pointer by Powerfleet enables MDA to place defibrillators with the capability of remote control throughout the country to save lives. It is intended to give paramedics additional time to arrive at the site and provide more sophisticated medical support.

“We are delighted and proud to be a part of MDA’s success in saving lives,” said Ilan Goldstein, CEO of Pointer. “This additional order signifies the value and results MDA has received since implementing our technology, not only to ensure life-saving equipment is available to more locations but to also help the organization make better informed decisions about their operations.”

With Pointer by Powerfleet’s solution, any person, even without medical training, can call MDA’s emergency 24-hour call center to receive immediate guidance and directions to the nearest defibrillator. In addition, the smart device is synchronized with the organization’s information system, enabling call center representatives to remotely open the defibrillator iron case and activate a siren and flashing lights that make it easier to find the defibrillator. Using the defibrillator is critical in the first few minutes after a cardiac event. Therefore, it is important that it will be available and in a close distance to the person experiencing the event without needing to wait for an ambulance or arriving at a hospital.

About Pointer by Powerfleet
Pointer is part of the global Industrial Internet of Things company Powerfleet® Inc. (NASDAQ: PWFL; TASE: PWFL). Powerfleet is a global leader of subscription-based wireless solutions that secure, control, track, and manage high-value enterprise assets. Powerfleet’s patented technologies are the proven solution for organizations that must monitor and analyze their assets to improve safety, increase efficiency, reduce costs, and drive profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. Powerfleet’s global headquarters are in Woodcliff Lake, New Jersey, with additional offices around the globe. For more information, please visit www.powerfleet.com, the content of which does not form a part of this press release.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to Powerfleet’s beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond Powerfleet’s control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion, or other financial information; emerging new products; and plans, strategies, and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the ability to recognize the anticipated benefits of the acquisition of Pointer, which may be affected by, among other things, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for Powerfleet’s products to continue to develop, the possibility that Powerfleet may not be able to integrate successfully the business, operations and employees of I.D. Systems and Pointer, the inability to protect Powerfleet’s intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in Powerfleet’s filings with the Securities and Exchange Commission, including Powerfleet’s annual report on Form 10-K for the year ended December 31, 2021. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Powerfleet. Unless otherwise required by applicable law, Powerfleet assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether a result of new information, future events, or otherwise.

Powerfleet Investor Contact
Matt Glover
Gateway Investor Relations
PWFL@gatewayir.com
(949) 574-3860

Powerfleet Media Contact
Calen McGee
Powerfleet@n6a.com
(908) 461-0266

Source: Powerfleet, Inc.

Released August 3, 2022

AXA Seguros Selects Powerfleet as a Preferred Technology Partner to Strengthen Their Commercial Fleets Segment

WOODCLIFF LAKE, NJ – July 5, 2022 — Powerfleet, Inc. (Nasdaq: PWFL) a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, today announced it has been selected by AXA Seguros, one of the largest insurance companies in Mexico, as a preferred partner of its fleet technology solutions. Led by Powerfleet’s Mexico subsidiary, Pointer, the partnership will look to help AXA strengthen its value proposition with the commercial heavy-duty fleets segment by helping customers improve operations and risk management through advanced telematics.

 

After a successful 60-day trial, AXA Seguros recognized the added value Pointer by Powerfleet MX solutions brought to help them differentiate from the competition in the commercial fleets segment. Vehicle theft is a significant issue in Mexico. By being able to offer a reliable stolen vehicle recovery (SVR) solution along with fleet management solutions, AXA Seguros can help its customers mitigate their risks and improve safety and operational efficiencies. AXA’s Actuary and Business Intelligence teams collaborate with Pointer by Powerfleet MX to provide top-of-the-line security for risk management and accident and theft prevention. In addition to its fleet operations technology solutions, AXA Seguros offers fuel management, real-time location tracking, optimized routing, truck status, and driver behavior management through its partnership with Pointer by Powerfleet MX.

AXA Seguros outlined three main reasons for their selection of Pointer by Powerfleet MX as their telematics provider:

  • Pointer by Powerfleet MX delivers above average fleet recovery rate – compared to competitors, Pointer by Powerfleet MX offers an industry high 20% recovery rate.
  • Pointer by Powerfleet MX’s expertise with integrations and flexibility allows the brand to develop tailored solutions based on the needs of customers.
  • Pointer by Powerfleet MX fully owns its entire suite of solutions, meaning customers are in full control of all hardware and software with minimal integration issues.

 

“It’s been a great journey for our team to work with AXA and help them become more competitive in their market,” said Pointer by Powerfleet MX CEO Eduardo Chavez. “Both companies are focused on providing high-quality services to reduce risks and create significant financial savings for commercial fleets. This is just the beginning of a great partnership that may evolve into something greater for our customers.”

 

To learn more about the latest Powerfleet solutions, visit www.powerfleet.com.

 

About Pointer by Powerfleet MX

Pointer by Powerfleet® Inc. (NASDAQ: PWFL; TASE: PWFL) is a global leader of subscription-based wireless solutions that secure, control, track, and manage high-value enterprise assets. Powerfleet’s patented technologies are the proven solution for organizations that must monitor and analyze their assets to improve safety, increase efficiency, reduce costs, and drive profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. Powerfleet’s global headquarters are in Woodcliff Lake, New Jersey, with additional offices around the globe. For more information, please visit www.powerfleet.com, the content of which does not form a part of this press release.

 

About AXA Seguros

We are a multinational company of French origin and a world leader in insurance with a presence in 50 countries. We protect more than 95 million clients around the world thanks to our 149,000 employees. Since 2008, AXA Seguros has provided protection to approximately 6 million Mexicans thanks to our 12,000 consultants and 6,000 contributors located throughout the country. Today, we are one of the five largest insurers in the country with our own network of adjusters and we market our products through agents, promoters, brokers, and AXA stores.

 

Powerfleet Investor Contact

Matt Glover

Gateway Investor Relations

PWFL@gatewayir.com

(949) 574-3860

 

Powerfleet Media Contact

Calen McGee

Powerfleet@n6a.com

(908) 461-0266

 

 

Cautionary Note Regarding Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to Powerfleet’s beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond Powerfleet’s control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion, or other financial information; emerging new products; and plans, strategies, and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the ability to recognize the anticipated benefits of the acquisition of Pointer, which may be affected by, among other things, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for Powerfleet’s products to continue to develop, the possibility that Powerfleet may not be able to integrate successfully the business, operations and employees of I.D. Systems and Pointer, the inability to protect Powerfleet’s intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in Powerfleet’s filings with the Securities and Exchange Commission, including Powerfleet’s annual report on Form 10-K for the year ended December 31, 2021. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Powerfleet. Unless otherwise required by applicable law, Powerfleet assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether a result of new information, future events, or otherwise.

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