Powerfleet Appoints Software Veteran Jim Zeitunian as Chief Technology Officer

WOODCLIFF LAKE, N.J., April 11, 2022 — Powerfleet, Inc. (Nasdaq: AIOT), a global leader of Internet-of-Things (IoT) solutions that manage enterprise assets for seamless business operations, has appointed software veteran Jim Zeitunian as the company’s new Chief Technology Officer (CTO) of Powerfleet. Zeitunian will report to CEO Steve Towe and focus on executing Powerfleet’s Software-as-a-Service (SaaS) transformation.

 

Zeitunian joins Powerfleet from Coupa Software, a multi-billion-dollar provider of business spend management solutions, where he served as Vice President of Engineering. Zeitunian led Coupa’s engineering and applied research teams, focusing on the development of its global supply chain design and planning SaaS platform. Prior to Coupa, he was VP of Engineering at LLamasoft (acquired by Coupa), where he spearheaded the company’s technology transformation from an on-premises/desktop driven set of offerings, into a SaaS based modular product offering, leading to a doubling of revenue in a little over three years and the acquisition by Coupa. Previously, Zeitunian held a senior leadership position at Thomson Reuters, helping to drive the production of various SaaS products and platforms, which are utilized by the largest accounting firms and Fortune 500 companies across the globe.

“This is an exciting time to be joining Powerfleet,” said Zeitunian. “The depth and breadth of our solutions – the rich history of innovative platform devices, sensors, suite of software applications and data, coupled with the continuous need for real-time operational, AI based insights across our SaaS offerings, Powerfleet is well positioned to capitalize on this growing opportunity. I look forward to playing a key role in the Company’s success.”

Zeitunian’s addition to Powerfleet’s executive team follows the appointment of Towe as the company’s CEO in January to support its continued growth in the industry. Towe and Zeitunian will work closely together, prioritizing the improvement of data focused initiatives and the growth of Powerfleet’s SaaS and IoT solutions. With Zeitunian’s leadership, Powerfleet will continue to improve upon its premier industry hardware, whilst enabling businesses to make more informed decisions using data-based solutions on Powerfleet’s platform. The shift comes as the supply chain continues to adjust to the long-lasting global impacts of COVID-19 and revises its best practices. Powerfleet looks to spearhead the industry adoption of SaaS-based products in the space as organizations look for new solutions that provide multiple options and scenarios based on real-time updates and insights.

 

“We’re delighted to welcome Jim to the company,” said Steve Towe, CEO of Powerfleet. “Jim’s proven experience in technology transformation and deep understanding of developing global supply chains and SaaS platform design aligns perfectly with our strategic objectives. His ability to spearhead industry-leading SaaS projects is exactly what Powerfleet needs as we evolve our offerings. Jim has demonstrated the ability to build world-class R&D teams on a global scale. I’m looking forward to working with Jim to translate our plans and goals into results.”

To learn more about the latest Powerfleet solutions, visit idsy2019.wpengine.com.

 

About Powerfleet

Powerfleet® Inc. (NASDAQ: AIOT; 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. 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 idsy2019.wpengine.com, the content of which does not form a part of this press release.

 

 

Powerfleet Company Contact

Ned Mavrommatis, CFO
NMavrommatis@Powerfleet.com
(201) 996-9000

 

Powerfleet Investor Contact

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

 

Powerfleet Media Contact

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

Kautex Expands Adoption of Powerfleet Telematics Solution

WOODCLIFF LAKE, N.J., February 17, 2022 — Powerfleet, Inc. (Nasdaq: AIOT), a global leader of subscription-based wireless solutions that manage enterprise assets for seamless business operations, today announced it will be further deploying its Powerfleet Enterprise industrial telematics solution to top global automotive supplier, Kautex, throughout 2022. Kautex has more than doubled the number of sites employing Powerfleet’s telematics solutions on its forklifts in the past 12 months, which spans six countries and three continents. An additional nine sites are planned for implementation in 2022.

Safety is at the core of Powerfleet’s Enterprise solution. The telematics platform (VAC4S) combined with Powerfleet’s Enterprise software helps Kautex improve workplace safety and security by restricting vehicle access to trained, authorized operators, enforcing electronic safety inspection checklists and sensing vehicle impacts. The Enterprise solution also empowers Kautex to effectively manage, track, monitor, and control its powered industrial vehicles and the operators who use them. The technology improves material handling productivity, reduce costs, and increase visibility by establishing accountability for the use of forklifts and other industrial trucks, ensuring equipment is in the proper place at the right time and streamlining workflow.

Since partnering with Powerfleet, Kautex has been able to right-size its fleet in several locations, across multiple time zones. In the first facility, Kautex reduced its fleet by over 10% after analyzing the utilization data from the Powerfleet Enterprise system. Their return on investment (ROI) was achieved through cost reductions of more than $10,000 per year, for each truck eliminated, which included the cost of a fork truck and maintenance.

“Since deploying the Powerfleet Enterprise solution across our industrial fleet, we have seen a reduction in impacts, accidents and damage to equipment and goods,” said Martin Weiss, Global Director Material Excellence at Kautex. “We have gone from adopting the solution at a single site to more than eight locations across the globe with plans for continued deployments. The key to making our new deployments so successful has been Powerfleet’s global presence and its ability to work with us in multiple geographies. This along with Powerfleet’s easy-to-use enterprise software played a major role in our decision to grow our partnership with Powerfleet.”

Powerfleet’s Enterprise solution has allowed Kautex to aggregate data from multiple facilities within one application, giving them faster, more accurate information for decision-making, which has helped Kautex deliver even greater safety, modernization and assess and implement best practices across facilities.

“We are always thrilled when customers quickly see the ROI of partnering with us,” explained Joel Norris, Vice President of Sales, Powerfleet. “Powerfleet’s stellar customer service and ability to address Kautex’s global operations has been key to our two companies’ thriving partnership. We are excited that their team will continue to lean on our Powerfleet Enterprise solution and our analytics platform, Powerfleet IQ, to not only ensure safety across their facilities but to also make better informed decisions when it comes to equipment utilization.”

About Powerfleet

Powerfleet® Inc. (NASDAQ: AIOT; 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 idsy2019.wpengine.com, the content of which does not form a part of this press release.

About Kautex

At Kautex, we are driving the future. With more than 30 plants in 14 countries, Kautex designs, develops and manufactures traditional and hybrid fuel systems, advanced cleaning solutions for assisted and autonomous driving, engine camshafts and plastic industrial packaging solutions. A pioneer in designing and manufacturing automotive plastic fuel systems, Kautex is expanding its portfolio to include smart fuel systems and thermoplastic composite and composite-metal hybrid battery systems. From a lightweight battery housing to a hybrid fuel system to autonomous drive vehicle cleaning systems, Kautex is committed to pioneering solutions for the era of new mobility. For more information, visit: www.kautex.com.

Powerfleet Appoints IoT and SaaS Veteran Steve Towe as Chief Executive Officer

Experienced Software Industry Leader to Advance Powerfleet’s Mission of Helping Businesses Globally Accelerate Their Operational and Organizational Transformations

WOODCLIFF LAKE, N.J., Jan. 05, 2022 (GLOBE NEWSWIRE) — Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based IoT solutions for managing high-value enterprise assets and driving seamless business operations, has appointed experienced software industry leader Steve Towe as the company’s new Chief Executive Officer (CEO). Towe replaces Chris Wolfe, who has retired from the business after serving as CEO since December 2016. Towe has also been appointed to the Powerfleet Board of Directors.

With a proven track record of scaling high value, global technology organizations, Towe joins Powerfleet from Aptos, the global leader of unified commerce solutions in the retail enterprise SaaS market, where he successfully served as President and Chief Operating Officer for the past five years.

In prior positions with both publicly traded and private equity backed companies, Towe has gained more than 16 years of strategic leadership experience on the global SaaS IoT stage. Most notably, he served as Chief Commercial Officer of Masternaut, a global telematics provider, where he was instrumental in delivering robust revenue growth and profit expansion during his tenure from 2011 to 2016.

Previously, Towe achieved significant international organic growth alongside market consolidation as Managing Director of the highly acquisitive telemetry data business Cybit. He also held senior executive level positions for the high velocity, fleet management subsidiary of the Trafficmaster Group, Fleetstar Information Systems.

“I am thrilled to be joining Powerfleet to build on its impressive capabilities and experience in the market,” said Towe. “As CEO, I look forward to leveraging my IoT background and deep SaaS expertise to enhance Powerfleet’s value propositions and organizational strength to make a significant impact on the complex global industries we serve and the full spectrum of customers we partner with.”

“I am joining Powerfleet at a time when the customers we work with are going through extraordinary change,” added Towe. “As a result of the challenges created by the pandemic, Powerfleet’s mission has become even clearer and more purposeful. We are here to play a critical role as our customers accelerate their digital transformations and use of fully integrated data solutions to create highly effective, unified business operations and obtain full visibility across their supply chains. I believe Powerfleet is extremely well positioned to capitalize on the extensive global IOT market, which Gartner is forecasting will grow at a 34% CAGR to $58 billion in 2025.”

Powerfleet Chairman Michael Brodsky commented: “On behalf of the Board of Directors, I would like to thank Chris for his service and contributions to Powerfleet over the last five years. I am delighted to welcome Steve as the company’s new CEO. Steve is joining our organization at a time when we have solid operational and financial momentum, a strong balance sheet and abundant growth opportunities on the horizon. Steve has an impressive history of empowering and transforming software organizations to deliver exceptional results for customers, employees and shareholders. With Steve’s core skillset spanning from building world-class teams to successfully integrating multiple strategic acquisitions and creating prolific, customer centric operations, we are confident he is the right fit to lead Powerfleet into its high growth, accelerated software innovation phase.”

24th Annual Needham Virtual Growth Conference
Towe and Chief Financial Officer Ned Mavrommatis will be virtually presenting at the 24th Annual Needham Virtual Growth Conference on Thursday, January 13, 2022 at 3:30 p.m. Eastern time. Management’s presentation will be webcast and available for replay here.

For additional information or to schedule a one-on-one meeting with Powerfleet management, please contact Gateway Group at PWFL@gatewayir.com.

About Powerfleet
Powerfleet® Inc. (NASDAQ: AIOT; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, providing mission critical software and data applications to drive business change and unified operations. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Powerfleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, support employee safety and improve profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. For more information, please visit idsy2019.wpengine.com, the content of which does not form a part of this press release.

Inducement Grants
In connection with his appointment as CEO, Mr. Towe received the following inducement awards, effective as of his appointment:

  • options to purchase 500,000 shares of the Company’s common stock, which have an exercise price equal to the closing price of the Company’s common stock on Mr. Towe’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. Towe is employed by the Company on each such date; and
  • performance-based options to purchase an aggregate of 4,125,000 shares of the Company’s common stock, which have a term of 10 years and consist of the following: (a) options to purchase 875,000 shares of the Company’s common stock with an exercise price of $10.50 per share, which will vest in full if the volume weighted average price of the Company’s common stock during a consecutive 60 trading day period (the “60 Day VWAP”) reaches $10.50 per share, provided that Mr. Towe is employed by the Company on such date, (b) options to purchase 1,250,000 shares of the Company’s common stock with an exercise price of $14.00 per share, which will vest in full if the 60 Day VWAP reaches $14.00 per share, provided that Mr. Towe is employed by the Company on such date, and (c) options to purchase 2,000,000 shares of the Company’s common stock with an exercise price of $21.00 per share, which will vest in full if the 60 Day VWAP reaches $21.00 per share, provided that Mr. Towe is employed by the Company on such date.

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

Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), which may include information concerning our beliefs, plans, objectives, goals, expectations, strategies, anticipations, assumptions, estimates, intentions, future events, future revenues or performance, capital expenditures and other information that is not historical information. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties are detailed from time to time in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2020. All forward-looking statements attributable to us or persons acting on our behalf apply only as of the date they are made and are expressly qualified in their entirety by the cautionary statements included in this press release. Except as may be required by law, we undertake no obligation to publicly update or revise any forward-looking statement to reflect events or circumstances occurring after the date they were made or to reflect the occurrence of unanticipated events, or otherwise.

Powerfleet Company Contact
Ned Mavrommatis, CFO
NMavrommatis@Powerfleet.com
(201) 996-9000

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

Powerfleet Media Contact
Kayla Perkins
Powerfleet@n6a.com
(978) 870-3598

Atlas® Van Lines Selects Powerfleet to Optimize Trailer Utilization and Visibility Across Entire Fleet

Powerfleet delivers increased data for enhanced decision making.

WOODCLIFF LAKE, N.J., November 9, 2021 — Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking and managing high-value enterprise assets, has signed a national deal with Atlas® Van Lines, Inc., one of the largest household goods movers in the U.S, to upgrade its trailer tracking solution. The upgrade will allow Atlas to gain insight into its fleet to improve utilization, optimize fleet size and improve customer satisfaction.

Atlas will leverage Powerfleet’s LV-500 along with its cloud-based reporting tool, which brings greater intelligence to transport management. The solution will provide better asset visibility and increased utilization across Atlas’s existing fleet. Using Powerfleet’s trailer tracking solution, Atlas will be able to better analyze dormancy and trailer pools at all its agent’s locations. This will help to cut costs associated with underutilized vans by re-allocating them and help cut employees’ time searching for available trailers.

“We needed to upgrade our trailer tracking solution in order to prepare for the sunset of 3G,” said Phil Wahl, president of Atlas Logistics, Inc., “It was critical that we could implement a solution that would integrate flawlessly into our existing transportation management system and provide continuous visibility to help improve efficiency.”

The Powerfleet LV-500 delivers frequent reporting on the status and location of trailers through Powerfleet’s cloud-based application. A self-contained device, the LV-500 is dual-powered, requires no connection to external power, can be installed in 10 minutes or less, and is designed to be rugged which provides extended years of maintenance-free performance.

“We are pleased Atlas has selected Powerfleet as their trusted business partner to deliver best-in-class trailer data solutions that will help improve their bottom line,” said Mark Stanton, GM of Powerfleet for Supply Chain Solutions. “We’re committed to making the process of migrating to 4G/LTE and implementing our solutions as easy as possible while ensuring product reliability, battery life, and ongoing support for all of our customers.”

Hyundai Translead Taps Powerfleet Telematics to Launch HT LinkSense Platform

Partnership will Leverage Powerfleet LV-300 Solution to Provide Real-Time Visibility and Cost-Effective Operations

WOODCLIFF LAKE, N.J., Sept. 15, 2021 (GLOBE NEWSWIRE) — Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, today announced Hyundai Translead, the leading van trailer manufacturer in North America, will be leveraging the Powerfleet LV-300 trailer tracking gateway solution to launch HT LinkSense. Through this integration with Powerfleet, HT LinkSense will be able to provide fleet managers with the flexibility to choose sensor and telematics solutions that meet their needs. Initially, the HT LinkSense solution will be available for the Hyundai Translead dry van line, but future expansion into refrigerated, flatbed, chassis and aftermarket products is planned.

“We are excited to partner with Powerfleet as we expand possibilities for customers in fleet data strategy by providing a scalable, open platform solution with HT LinkSense,” said Sean Kenney, Hyundai Translead’s Chief Sales Officer. “Through our partnership, we offer flexibility through universal connectivity of sensors for maximum fleet operational efficiency, making smart fleets smarter.”

The Powerfleet LV-300 asset tracking solution provides continuous real-time visibility while in transit, and more accurate arrival and departure information to better plan supply chain resource allocation. Connected by 4G LTE, it provides wireless reporting to ensure clients can receive continuous updates on the status and condition of their assets and important cargo. The LV-300 tethers to a power source and also utilizes a long-lasting rechargeable battery for untethered operation and features tamper detection for increased security.

“We are honored that Hyundai Translead has selected Powerfleet as a key part of its HT LinkSense solution for trailers,” explains Chris Wolfe, CEO of Powerfleet. “Our integrated logistics solutions will enable customers to access a more holistic view of their trailers and freight status by capturing critical sensor and telematics data. By leveraging our trusted telematics platform, analytics and real-time reporting capabilities, Hyundai Translead will raise the bar with its’ HT LinkSense offering by delivering high-value asset information to the transportation industry.”

About Powerfleet
Powerfleet® Inc. (NASDAQ: AIOT; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Powerfleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. For more information, please visit idsy2019.wpengine.com, the content of which does not form a part of this press release.

About Hyundai Translead
Hyundai Translead is the leading van trailer manufacturer in North America. The company manufactures dry and refrigerated van trailers as well as flatbeds, chassis, and dollies. Founded in 1989, Hyundai Translead is 100% owned by Hyundai Motor Group and is headquartered in San Diego, CA. For more information, please visit www.hyundaitranslead.com

Day & Ross Again Selects Powerfleet Telematics for Total U.S. Trailer Visibility

The Powerfleet LV-500 will Provide Enhanced Visibility and Cost-effective Operations

WOODCLIFF LAKE, N.J., Aug. 09, 2021 (GLOBE NEWSWIRE) — Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, will be expanding the deployment of its LV-500 solar-powered trailer tracking solution to transportation company, Day & Ross’ U.S fleet operations. With a focus on performance and reliability, Day & Ross will be implementing the solution across a fleet of 3,000 trailers to achieve better asset visibility and increased utilization.

After the successful rollout of Powerfleet’s trailer tracking solution to Day & Ross’ Canadian fleet, the company has decided to expand the solution to its U.S. operations. Day & Ross has become a pivotal player in transportation and logistics in North America with its operational footprint expanding even further after the acquisition of A&S Kinard and Buckler Transport in 2019.

“After the positive feedback we received from mechanics, dispatchers, and management from our Canadian team, we determined that Powerfleet’s LV-500 solution was the right trailer tracking solution for our U.S. fleet,” said David Carr, President, Dedicated, North America, Day & Ross. “Powerfleet’s trailer tracking solution provides reliable visibility into exactly how and where our equipment is being utilized so that we can gain greater fleet efficiencies. The total cost of ownership was another major consideration and with Powerfleet’s LV-500 supercapacitors and 4G LTE connectivity, we are assured long service life of the devices.”

The patent-pending Powerfleet LV-500 is the industry’s first multi-powered asset tracking solution, leveraging solar panels, supercapacitors and long-lasting primary batteries for unmatched service life and critical event visibility. It delivers frequent reporting on the status and location of trailers through Powerfleet’s cloud-based application. A self-contained device that requires no connection to external power, the LV-500 can be installed in 10 minutes or less and provides maintenance-free performance.

“We are honored that Day & Ross has expanded its use of our state-of-the-art telemetry platform to their U.S. fleet based on the value and performance of our products and the best-in-class support provided by our team,” explains Powerfleet’s GM of Supply Chain Solutions, Mark Stanton. “Our integrated logistics solutions enable Day & Ross to better analyze trailer dormancy and lower costs associated with underutilized assets. The solution also improves on-time and efficient deliveries so Day & Ross can continue delivering exceptional customer service.”

About Powerfleet
Powerfleet® Inc. (NASDAQ: AIOT; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Powerfleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. For more information, please visit idsy2019.wpengine.com, the content of which does not form a part of this press release.

About Day & Ross
With over 8,000 employees, drivers, and owner operators in Canada and the US, Day & Ross offers a diversified portfolio of freight and delivery solutions to top brands across North America. The company got its start by hauling potatoes out of New Brunswick in 1950 and became a wholly owned subsidiary of McCain Foods in 1966. Today, their key services include LTL/TL and cross-border transportation, logistics, dedicated fleets, and residential delivery.

For over a decade, Day & Ross has been recognized consistently as one of Canada’s Best Managed Companies and has been named a Top Company for Women to Work for in Transportation since 2018. Their commitment to safety and sustainability is rooted in their family values and their care for their employees and the communities where they work and live. For more information, visit www.dayross.com.

Powerfleet Receives 2021 IoT Evolution Asset Tracking Award

Read more

Powerfleet Launches Vista, an Advanced Vehicle Video Solution with AI Capabilities

New Video Technology Enables Safer, More Efficient Commercial Vehicle Management

WOODCLIFF LAKE, N.J., June 22, 2021 — Powerfleet, Inc. (Nasdaq: AIOT) a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking and managing high-value enterprise assets, today announced the launch of Vista, a best-in-class in-vehicle video solution that leverages artificial intelligence (AI) to analyze and proactively manage risky driving situations across fleets. With Vista, Powerfleet is expanding its image technology portfolio, which includes the patent-pending LV-710 freight camera for trailers and containers and the CP4 System designed for the industrial truck market.

The global demand for dashboard and 360-degree camera technology is growing due to a considerable rise in the number of vehicle related accidents, thefts, and “nuclear verdicts” (jury awards of more than $10 million) in the trucking industry. The National Highway Safety Administration (NTSA) reports that an estimated 38,680 deaths in motor vehicle traffic crashes in 2020. Up to 96% of all auto accidents are a result of human error, which further emphasizes the need for fleets to invest in technology to maintain the safety of drivers, pedestrians, and assets.

Recorded video events provide additional contextual insights around hard braking and turning events, vehicle accidents as well as vehicle and content theft. Easy to install and operate, Vista delivers real-time, high-definition video from both road and driver facing cameras to bolster safety and training programs, help exonerate drivers, prevent accidents, and lower insurance costs.

“We have seen strong demand from customers in our vertical and geographic markets for additional video solutions that provide visual proof to improve safety and operations,” said Elizabeth Elkins, Chief Product Officer at Powerfleet. “As a leading IoT solutions provider, it made sense to add Vista to our portfolio of technology solutions focused on keeping drivers safe, protecting assets, and reducing insurance premiums. Whether you have a fleet of over-the-road trucks, cars or service and delivery vans, Vista can play a valuable part of a world-class safety program. The Vista video platform supports safe driving with the ability to auto-detect unsafe driving conditions while delivering real-time driver audio feedback and warnings to help correct risky driving behaviors as they occur.”

Vista is a flexible video solution that can operate stand-alone or as an integrated part of any fleet management system. It leverages the latest processor technology for edge-processing and future proofing and can be installed with minimal configuration. Vista wireless connectivity supports 4G LTE and has built-in Wi-Fi that supports auxiliary cameras for 360° views. Operations managers can stream live video, download video events, and access all cameras through a secure and comprehensive portal.

Other key features include:

• Live streaming: check on the conditions of the road, cab and your assets at any time
• Real time drive alerting (in-cab feature): cameras will notify driver of safety events in real time
• Video history review: all videos on the SD card can be accessed remotely or locally at anytime
• Parking mode: cameras will record any events that occur following sudden jolts when the vehicle is turned off
• Event-based notifications: including harsh acceleration or braking, distracted driving traits, harsh cornering, speeding and more

To learn more, visit https://www.powerfleet.com/vista/quick-start/.

Mitsubishi Logisnext Americas Launches Advanced Powerfleet® Telematics Solution For North American Market

HOUSTON (May 26, 2021) – Mitsubishi Logisnext Americas group (Logisnext), a leading North American provider and manufacturer of material handling and innovative automation and fleet solutions, announced today that it has entered into a reseller agreement with Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions. Together, Powerfleet and Logisnext have teamed-up to introduce the new Powerfleet® Enterprise Telematic Solution to customers across North America.

Available as a factory-installed option on all Mitsubishi forklift trucks, Cat® lift trucks and Jungheinrich® warehouse products, customers will benefit from access to real-time data analytics to make more informed decisions.

As an integrated solution, the Powerfleet Enterprise Telematics System will allow customers to monitor lift truck utilization, impacts, and company safety compliance quickly and accurately, while also optimizing their fleet’s performance.

“Powerfleet’s innovative technology and Mitsubishi Logisnext America’s advanced material handling equipment are a powerful combination,” said John Sneddon, executive vice president, Sales and Marketing at Mitsubishi Logisnext Americas. “Powerfleet’s Enterprise Telematics is a first-class technology solution, empowering customers to more effectively manage their fleet across multiple brands, units and locations. We’re excited to bring this new level of support to our customers.”
Mark Stanton, GM of Supply Chain at Powerfleet, commented: “Powerfleet’s telematic solutions set the industry’s standard by monitoring safe operation, increasing material handling productivity, reducing costs, and ensuring equipment is in the proper place at the right time. By adding Powerfleet’s Enterprise Telematics Solution to its portfolio, Mitsubishi Logisnext Americas becomes a one-stop shop for industrial fleet needs, which provides tremendous value to the customer. We’re excited to partner with Mitsubishi Logisnext Americas to bring this solution to the North American market.”

Powerfleet’s Telematics Solution

Through Powerfleet’s VAC4 and impact sensors solutions, end-users will gain complete wireless visibility and automated monitoring across their lift truck fleet. The VAC4 combines an advanced hardware device installed on the lift truck with easy to use cloud-based software. This powerful combined solution provides the industry’s most data-rich analytics platform, delivering critical safety controls and insightful data on the material handling fleet’s utilization and productivity.

  • Significant capabilities include:
  • Operator Access Control
  • Electronic Pre-Shift Checklists for OSHA Compliance
  • Impact Sensing
  • Fleet Utilization / Productivity
  • Automated Reporting and Alert Notifications Battery Monitoring
  • Business IQ Analytics
  • Speed Monitoring
  • Load Monitoring
  • Localization / Tracking via Wi-Fi
  • Text Messaging

A scalable telematics solution, Powerfleet is suitable for any fleet size and product mix across the Mitsubishi forklift trucks, Cat lift trucks and Jungheinrich product offering.

For further information, or to see how Powerfleet – and Logisnext’s wide-range of material handling fleet solutions – can further enhance, optimize and streamline business operations, visit Powerfleet.com or LogisnextAmericas.com.

 

About Mitsubishi Logisnext Americas

Mitsubishi Logisnext Americas Inc. and its group companies have helped customers Move The World Forward for more than 100 years. A technology-driven manufacturer, Mitsubishi Logisnext Americas offers scalable solutions from material handling to automation and extensive fleet support. Headquartered in Houston, Texas, its complete portfolio of advanced solutions spans across five leading brands – Mitsubishi forklift trucks, Cat® lift trucks, Rocla AGV Solutions, UniCarriers® Forklifts and Jungheinrich® warehouse and automation products. All products are backed by an extensive dealer network offering industry-leading customer service and product support. For more information, visit www.LogisnextAmericas.com.

About Powerfleet

Powerfleet® Inc. (NASDAQ: AIOT; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Powerfleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. For more information, please visit idsy2019.wpengine.com, the content of which does not form a part of this press release.

White Oak Transportation Selects Powerfleet to Improve Asset Visibility

Long Service Life and Low-Maintenance Solution Chosen to Help White Oak Deliver on Customer Commitments

WOODCLIFF LAKE, N.J., May 12, 2021 (GLOBE NEWSWIRE) — Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking and managing high-value enterprise assets, has been selected by White Oak Transportation, Inc., a leading provider of brokerage, dedicated contract carriage, and truckload carriage based in Decatur, Alabama, to supply its trailer tracking solution to their 875-trailer fleet. Powerfleet’s solar and supercap powered LV-500 combined with its cloud-based software application will provide White Oak Transportation better asset visibility for improved customer satisfaction and operational efficiencies.

By leveraging Powerfleet’s LV-500, White Oak will be able to upgrade from 3G to 4G/LTE wireless service to ensure continuity of coverage and complete visibility over its fleet. Moreover, the trailer tracking solution will support White Oak Transportation’s commitments with contracted trailer pools at customer locations. With trailers moving to and from facilities and sometimes moved by foreign carrier’s drivers, it’s easy to lose track or misplace trailers. Using Powerfleet’s reporting dashboards and analytics to run automated yard checks, White Oak can share trailer location and other key performance indicators (KPIs) with customers to provide them with peace of mind that they are meeting contracted pool requirements.

“The level of data provided by the LV-500 ensures that we gain increased visibility into the fleet and can prioritize driver safety while delivering excellence in client service,” explained Ryan Waller, Vice President of White Oak Transportation. “As some of our contracted trailers stay at our customers’ sites for extended periods, access to accurate usage information is also critical in allowing us to improve preventative maintenance planning.”

The Powerfleet LV-500 delivers frequent reporting on the status and location of trailers through Powerfleet’s cloud-based application and integration into White Cloud’s Transportation Management System. A self-contained device, the LV-500 is dual-powered using solar-powered supercapacitors and long-lasting primary batteries, and can be installed in 10 minutes or less. Its rugged design provides extended years of service and a lower total cost of ownership. The LV-500 solution will help lower costs associated with underutilized trailers by enabling White Oak to expeditiously re-allocate them and by reducing the time required for drivers and yard workers searching for available trailers.

“With the 3G sunset around the corner, White Oak Transportation wanted to upgrade its old devices to a reliable LTE technology solution that will help them monitor and analyze their assets,” said Mark Stanton, GM of Supply Chain at Powerfleet. “Employing our patent pending LV-500 solution addresses the many challenges of having trailers offsite for long periods of time and is ideal for ongoing fleet maintenance and management.”

To learn more about the latest Powerfleet solutions, visit idsy2019.wpengine.com.

About Powerfleet

Powerfleet® Inc. (NASDAQ: AIOT; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Powerfleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. For more information, please visit idsy2019.wpengine.com, the content of which does not form a part of this press release.

About White Oak Transportation, Inc.

White Oak Transportation is a privately held asset-based carrier that began operations in 1999. The company provides a wide range of transportation solutions that includes brokerage, dedicated contract carriage, and truckload carriage in various lengths of haul throughout the Southeastern, Midwestern and Mid-Atlantic United States. For more information, visit www.whiteoaktrans.com.

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