Israeli Pharmaceutical and Food Market Powered by Powerfleet Subsidiary Pointer Telocation’s IoT Solutions

Woodcliff Lake, NJ — February 1, 2021 — Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based wireless Internet of Things (IoT) and machine to machine (M2M) solutions for securing, controlling, tracking, and managing high-value enterprise assets, announced that its operating subsidiary Pointer Telocation Ltd. (Pointer), a leading provider of telematic services and technology solutions for a wide range of location-based applications, has realized significant momentum in the past year by driving global IoT innovation in the pharmaceutical and food distribution market. Pointer has leveraged its best-in-class IoT solutions to secure multiple new contracts with companies.

LogistiPharm

Pointer’s IoT solution was chosen by LogistiPharm to monitor and control the temperature and humidity during the storing and distribution of pharmaceuticals to LogistiPharm customers.

LogistiPharm specializes in the distribution and shipping of medical equipment and medicines across Israel while complying with the strict license conditions set forth by the Israeli Ministry of Health. With a network of drug-storage services, transportation to stores and pharmaceutical departments, LogistiPharm needed to ensure the highest and safest quality control and monitoring for all products. Pointer was tapped to ensure a reliable and professional service in accordance with regulatory standards. Pointer’s technology monitors and controls the temperature and humidity conditions throughout the storage and distribution processes to ensure safety of all goods during transportation.

Hafuz Distribution

Hafuz specializes in providing a range of transportation, courier and distribution services to institutional, business, and private customers alike. It also serves as a subcontractor for a leading medical cannabis company in Israel, transporting medical cannabis from logistics centers to licensed pharmacies.

Pointer’s IoT solution was selected to verify the temperature of medical cannabis shipments to ensure quality control and regulatory compliance.

Pointer’s system provides real-time data and alerts regarding the storage conditions of cargo while locating and tracking vehicles in real-time, including the opening and closing of the safe in which medical cannabis is stored. Pointer’s technology also helps Hafuz comply with the strict standards required for the transportation of medical cannabis.

Bactochem Laboratory

Bactochem is a leading Israeli laboratory that provides advanced analytical and biological testing services with applications in microbiology, chemistry, and phytopathology. It serves Israel’s water, environment, agriculture, and pharmaceutical industries. Pointer’s IoT solution was selected to monitor and control the temperature of stored samples in refrigerators, freezers, cold rooms and clean rooms.

Vertical Field

Vertical Field is a leading ag-tech company that develops innovative vertical solutions for the urban ecosystem. Using cutting-edge technology and smart monitors, they are able to grow lush greenery and clean agriculture in optimum conditions, both indoors and outdoors with minimal maintenance. Pointer was chosen by Vertical Field to provide IoT sensors to monitor and manage the temperature and humidity of vegetative produce in its portable urban farm. Ensuring proper climate in these containers safeguard the production of quality produce, readying it for sale to food chains in the U.S. and around the world.

Pointer’s CelloTrack Nano, a smart cellular communication device that provides real-time information to a network of operators is the technology enabling these applications. The system reports highly accurate location data and includes a smart wireless hub and sensors that operate on Bluetooth Low Energy technology.

The Nano’s ultra-sensitive sensors are suitable for monitoring high-value goods, cold chain, supply chain process and more by detecting changes in a wide variety of parameters, including temperature, humidity, light and magnetism. All solutions remain in compliance with the regulatory requirements and standards in the Israeli pharmaceutical field (e.g., GAMP5, FDA 21 CFR Part11, EU Annex 11, and Israel Ministry of Health Procedure 126).

Pointer integrates IoT solutions in Israel in the production lines of leading customers in the food industry, in the control of drug deliveries by leading manufacturers and pharma chains, in the control of refrigeration coolers by a leading HMO and as a solution in the field of agricultural equipment control. The solutions are integrated with advanced software, dashboards, and user applications.

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.

Nucor Tubular Products Selects Powerfleet Telematics to Improve Steel Manufacturing Safety

Powerfleet, Inc., 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 material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy duty truck fleets, announced today it has been selected by Nucor Tubular Products to improve safety, compliance, and utilization by using Powerfleet’s telematics solutions.

Nucor Tubular Products has employed Powerfleet to enhance the safety of all warehousing operations at its facilities. After a rigorous pilot program, Nucor Tubular Products has chosen to deploy the Powerfleet Enterprise telematics solution across all lift-truck equipment and instrument cranes at a second location in Q4 2020 and the remaining six of its tubular products facilities during the first half of 2021.

Powerfleet sets the industry safety standard through its telematic solutions, which improve material handling productivity, reduce costs, and ensure equipment is in the proper place at the right time. Its products also provide improved safety while maintaining strict compliance and reducing slowdown friction lost in manual check-ins.

In addition to the Powerfleet Enterprise solution, Nucor Tubular Products will also deploy Powerfleet Forewarner MAXI Crane Safety lights and CP4 Forklift Camera solutions to increase visibility, safety and guarantee accurate records of equipment use in real-time.

“Steel manufacturing by nature has incredibly unique and extensive requirements to ensure that we have enhanced safety protocols and procedures available for our team. After assessing solutions on the market, Nucor Tubular Products has made the decision to partner with Powerfleet,” explains Nathan Fraser, Nucor Vice President & General Manager. “To help meet our mission of becoming the World’s Safest Steel Company, we’ve brought on a technology partner at the edge of innovation and performance to further ensure the safety of all our Nucor Tubular Products teammates.” Nathan continues, “Powerfleet’s ability to automatically send critical safety and equipment information into our Business Management System will allow us to be more responsive, efficient, and ultimately safer as a team.

“Powerfleet is excited to continue expanding the work with Nucor Tubular Products, ensuring the highest level of safety across their facilities,” says Mark Stanton, GM of Powerfleet for Industrial. “At the core of all Powerfleet solutions is the foundational goal to drive stronger, safer and more efficient practices. Extending our work with Nucor Tubular Products is an exciting milestone in continuing to champion these ideals”.

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 Nucor

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.

Powerfleet Subsidiary Pointer Telocation Enables Internet of Things (IoT) Defibrillators in Israel

Powerfleet, Inc. announced that its operating subsidiary, Pointer Telocation Ltd. (Pointer), has deployed hundreds of IoT-enabled defibrillators in Israel with the Magen David Adom Ambulance Company. Defibrillators have been installed across the country in telephone booths, lottery stalls and supermarkets as part of a $2 million deployment program.

As part of the agreement, Pointer engineered a smart device to install in select locations across Israel. Each device is equipped with a Pointer transmitter, which provides the defibrillators’ location, temperature and battery health to MDA response centers. When the flashing LED button is triggered, the MDA response center remotely unlocks the case which allows users to access the device even in the dark.

Any person, even without medical training, can call MDA’s 24-hour call center to receive immediate guidance and directions to the nearest defibrillator. Each case has a unique serial number and can be identified via the remote-activated LED lighting system.

The defibrillator is programmed to provide in-depth instructions for use. The device uses two electrodes to provide a shock to assist patients experiencing ventricular fibrillation or irregular heart activity. It is intended to give paramedics additional time to arrive at the site and provide more sophisticated medical support. A number of lives have been saved by providing ambulatory teams the additional time to transport patients to properly equipped hospitals.

When the ambulance arrives, the paramedic uses an ECG device to examine the patient. The heart test results are transmitted via cellular communication directly to the MDA center as well as to the doctor waiting at the hospital, which allows the medical staff time to prepare for the required procedure and save valuable time.

The solution also incorporates a front-facing camera that records the incident for viewing by the hospital staff via MDA’s Call Center. This provides hospital staff with a better understanding of the patient’s unique circumstances and allows them to allocate resources as necessary to treat patients.

Ilan Goldstein, CEO of Pointer, notes that MDA and Pointer are evaluating the possibility of expanding the partnership abroad and offering the model in other countries. MDA manages a fleet of ambulances and other emergency vehicles to provide advanced medical assistance.

“MDA and Pointer have collaboratively developed an advanced mobile medical device architecture that employs IoT capabilities to provide top-notch control and monitoring to support real-time response to emergency situations. We are encouraged by our partnership and look forward to expanding the use of our unique IoT solutions in Israel and globally,” commented Goldstein.

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.

Kautex Taps Powerfleet Telematics for Safer, More Sustainable Production

Powerfleet VAC4 to be Deployed Globally Through 2021

WOODCLIFF LAKE, N.J., Oct. 20, 2020 (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 such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy duty truck fleets, has been tapped by Kautex to improve its safety, compliance and utilization through Powerfleet’s telematics solutions.

As a top 100 supplier to global automotive OEMs, Powerfleet’s next generation telematics offer Kautex complete visibility, improved safety and efficacy across its global manufacturing centers. Leveraging Powerfleet’s VAC4 solutions, Kautex has complete wireless visibility and automated monitoring of all its industrial vehicles. The Powerfleet VAC4 is a highly configurable micro-computer that installs on virtually any type of industrial vehicle.

Powerfleet’s best-in-class telematic solutions enable improved material handling productivity, reduced costs, and ensure equipment is in the proper place at the right time. Its products also ensure the highest level of safety for industrial drivers while maintaining strict compliance.

“Our key mission at Powerfleet is to provide customers with the most effective products on the market, and that means putting the safety of our users at the core of what we build,” explains Mark Stanton, GM Powerfleet for Industrial. “Our suite of telematics solutions is a champion for those operating and managing industrial vehicles in that they not only improve the function of work, but also offer the confidence that it’s being done under the most secure conditions in the industry.”

Justo Pepi, Senior Manager Logistics Americas at Kautex, added: “After installing all our assets in our Detroit facility, we quickly realized that the Powerfleet Enterprise solution was able to exceed our expectations, and rapidly employed the Powerfleet solution at two additional facilities, expanding into Canada. The post implementation support has been outstanding. They made sure we were able to get the maximum value from our investment.”

Martin Weiss, Director of Global Material Excellence at Kautex, stated: “This level of support from Powerfleet will enable us to add their solution to our locations in Spain and the UK before the end of 2020, further expanding Powerfleet applications into various plants around the globe in 2021.”

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 Kautex

Kautex, a subsidiary of Textron Inc., is rated among the Top 100 Automotive Suppliers worldwide. The company is a leading global supplier of hybrid and conventional plastic fuel tank systems, selective catalytic reduction systems (SCR) and clear vision systems and sensors. In addition, the company produces and supplies camshafts, castings and industrial packaging. Headquartered in Bonn, Germany, the company owns and operates more than 30 facilities in 14 countries worldwide.

Ryder Selects Powerfleet for Industrial to Secure North American Supply Chain Operations

WOODCLIFF LAKE, N.J., Oct. 09, 2020 (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 such as material handling equipment, today announced it has been chosen by Ryder System, Inc., a leading logistics and transportation company, to embed telematics into its forklifts and other material handling equipment within its warehouses.

Ryder operates behind the scenes, managing critical fleet, transportation, and supply chain functions for more than 50,000 customers, many of which make the products that consumers use every day. Over the next 12-18 months, Ryder will be deploying the Powerfleet Enterprise solution on over 1,000 pieces of material handling equipment at more than 30 sites in North America. Under the terms of the deal, Powerfleet for Industrial will help Ryder’s North American operations deliver the value-added benefit of enhancing safety and regulatory compliance to their warehouse material handling operations. Ryder operates more than 300 warehouses encompassing approximately 55 million square feet.

The Powerfleet Enterprise solution combines an advanced hardware device installed on the Ryder equipment, powerful SaaS-based software, and the industry’s most data-rich analytics platform to deliver critical safety controls and insightful data on the utilization and productivity of the equipment and operator.

“We’re thrilled to work with Ryder to deliver best-in-class safety telematics technology,” said Mark Stanton, General Manager at Powerfleet for Industrial. “Ryder’s Integrated Logistics team will now have increased visibility into key safety features of their material handling equipment to provide their customers with a full, 360-degree picture of their operations to optimize safety and reduce operating costs.”

As a recognized leader in safety telematics, Powerfleet’s solutions will deliver increased access control, equipment checklist compliance, asset performance, and operator accountability. Ryder’s key initiative following implementation is the rollout of corporate KPIs to measure the improvement of operations.

“We chose the Powerfleet solution because of its advanced telematics capabilities for our forklifts and other material handling equipment,” stated Norm Brouillette, Vice President and GM from Ryder Supply Chain Solution. “Their focus on solutions that optimize assets and enhance safety protocols is critical for our success.”

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.

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 (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), 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, 2019. 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 Media Contact
N6A on behalf of Powerfleet
Powerfleet@n6a.com

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

About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and commercial fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages more than 250,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 55 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com

Media Contact
Jonathan Mayor
(305) 500-3161
Jonathan_C_Mayor@Ryder.com

The French Red Cross Selects Cellocator by Powerfleet for COVID-19 Humanitarian Response

The French Red Cross Leveraged Cellocator by Powerfleet Solution to Track and Manage the Shipment of Healthcare Equipment and Supplies to Respond to the COVID-19 Epidemic and Ebola Virus Disease (EVD) During June 2020

WOODCLIFF LAKE, N.J., Aug. 05, 2020 (GLOBE NEWSWIRE) — Cellocator by 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, provided The French Red Cross with a plug and play traceability solution to be used during shipment of healthcare equipment and supplies using the MultiSense and WatchM mobile application.

The French Red Cross, a major player in the French humanitarian response plan specifically focusing on prevention and control of epidemics in Sub-Saharan Africa, along with its emergency task forces in the Democratic Republic of Congo, utilized Cellocator’s traceability solution of healthcare equipment and supplies in order to respond effectively to the COVID-19 epidemic and EVD.

This mission was made possible thanks to the support of the Airbus Foundation, which provided the French Red Cross with an Airbus A330neo. This plane recently departed from Châlons Vatry Airport in northeastern France to Brazzaville (Republic of the Congo), with 16 tons of goods onboard. The cargo landed in Brazzaville and then was transported by barge on the Congo River to Kinshasa, and finally delivered via ground transport to the local Red Cross storage centers based in Mbandaka.

The French Red Cross tested Cellocator’s solution to monitor the location and environmental conditions (temperature, humidity, shock, and light) throughout the entire 10,000 km journey. The innovative and compact MultiSense devices were inserted inside the packages to log sensor data in real-time and transmit it along with the shipment’s location via the WatchM mobile application.

“We are proud to take part in this special COVID-19 operation,” said Avi Magid, President of Pointer and Cellocator. “Effective monitoring of supply chain conditions is fast becoming mandatory to ensure the integrity and safety of pharmaceutical shipments, and technology is a critical part of making it possible.”

About Cellocator by Powerfleet

Cellocator is part of the global Industrial Internet of Things company Powerfleet ® Inc (NASDAQ: AIOT). Powerfleet 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. Their 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 The French Red Cross

The French Red Cross, founded in 1864, is an independent charity working alongside governments and public authorities. As a key player in society, we provide humanitarian, health, social, welfare and training services. To help carry out our assignments we have a strong team of 18,000 employees and 56,000 volunteers, who on a daily basis, pursue consistent and unwavering charitable principles to provide local support and deliver tangible results and long-term solutions.

Day & Ross Turns to Powerfleet for Solar Powered Tracking Technology

Leading Trucking Company to be Equipped with Powerfleet LV-500 and Powerfleet LV-710

WOODCLIFF LAKE, N.J., Aug. 03, 2020 (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, announced it will be outfitting a large portion of the full Day & Ross trailer fleet with Powerfleet’s LV-500 solar tracking solution and the Powerfleet LV-710 Freight Camera.

As one of the largest transportation companies in Canada, with more than 8,000 employees, drivers, and owner operators, Day & Ross has grown to be a critical player in transportation and logistics in North America. With a focus on efficient and effective equipment utilization, Day & Ross intends on deploying the Powerfleet’s LV-500 product across a fleet of over 3,000 trailers to optimize the management of shipping lanes and ensure cost effective operations; a portion of these trailers will also be equipped with the Powerfleet LV-710.

“After extensive review, we selected Powerfleet’s LV-500 solar platform and their LV-710 freight camera because it was the most advanced technology in the market, they are easy to deploy, and easy to use,” explained Matt Trites, Director, Maintenance, Day & Ross. “We now obtain literal visibility into how our equipment is utilized and how the freight is loaded and handled.”

The 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. The Powerfleet LV-710 combines a high-definition camera, image recognition processor, door sensor and ‘cargo-area’ environmental sensors for true freight visibility and condition, and it also provides accurate visual proof of the empty and loaded status of trailers, trailer cube utilization and aids in more accurate customer billing.

“We are thrilled that Day & Ross selected Powerfleet based on our history of supporting the needs of diversified truck load fleets,” explains Powerfleet Chief Product Officer, Elizabeth Elkins. “Our integrated logistics solutions are ideal for the highly innovative culture at Day & Ross. Combined with our rugged devices built to perform in the most challenging of environmental conditions, our solutions offer intelligent fleet visibility bolstered by our high definition camera and sensor suite to monitor assets and cargo in Day & Ross’ cross-border operations.”

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 was named a Top Company for Women to Work for in Transportation in 2018 and 2019. 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.

Jungheinrich AG Extends Global Technology Agreement with Powerfleet

Partnership Expansion Will Offer New Solutions and Channel Affiliation in Europe, Middle East and Africa (EMEA) and North America

WOODCLIFF LAKE, N.J., July 13, 2020 (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 such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy duty truck fleets, will be expanding its partnership with Jungheinrich AG.

After just one year into a multi-year contract with the leading provider of intralogistics to collaborate on product development, sales and support for their telematics needs, Powerfleet is proud to announce an extension to its existing agreement with Jungheinrich. Powerfleet was originally tapped by Jungheinrich to develop a highly integrated telemetry platform for its vehicles combined with sophisticated fleet management software in Europe. Through this evolving partnership, Powerfleet will continue to help Jungheinrich expand their market penetration in EMEA and North America by enabling Jungheinrich customers to run safer, more cost-effective intralogistics operations.

The collaboration between Powerfleet’s best-in-class technology and Jungheinrich’s comprehensive portfolio of material handling equipment, logistics systems and services has generated strong momentum for both companies.

“The reliability and innovation of Powerfleet’s solutions have exceeded our expectations for the partnership,” said Frank Marschatz, service director at Jungheinrich. “We at Jungheinrich set out with Powerfleet to provide our customers with the best solutions possible, which is why after only one year, we’re expanding that offering. Powerfleet’s product features and quality not only met but surpassed our industry-leading standards.”

Ute Filippone, managing director EMEA for Powerfleet, commented: “We have enjoyed working with Jungheinrich to ramp up its telematics sales offerings. Our integrated solution enables Jungheinrich customers to quickly and accurately monitor utilization, damage, and safety compliance of their fleets in order to identify problem and improvement areas. Jungheinrich’s commitment to providing its customers with exceptional service has made this partnership a wonderful success. We are excited to build on the partnership’s momentum by introducing product offerings that will open up new opportunities for Jungheinrich.”

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 Jungheinrich

Founded in 1953, Jungheinrich ranks among the world’s leading solutions providers for the intralogistics sector. With a comprehensive portfolio of material handling equipment, automatic systems and services, Jungheinrich is able to offer customers tailored solutions for the challenges posed by Industry 4.0. The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and in approximately 80 other countries through partner companies. Jungheinrich employs 18,000 people worldwide and generated Group revenue of €4.07 billion in 2019. The Jungheinrich share is listed on the SDAX.

Powerfleet Joins Russell 3000® Index

WOODCLIFF LAKE, N.J., June 29, 2020 (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, was added to the broad-market Russell 3000® Index at the conclusion of the annual reconstitution of the Russell indexes, effective after the U.S. market opens today, June 29, according to the FTSE Russell website.

Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 8, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“Joining the Russell 3000 Index represents another important milestone for Powerfleet that we expect will increase awareness of our accomplishments,” said CEO Chris Wolfe. “This follows several other achievements for our company, including the successful merger and integration with Pointer Telocation, which has established Powerfleet as a leading global IoT telematics software and solutions provider. We hope to leverage this additional exposure within the investment community into improved liquidity and greater awareness for Powerfleet, which should positively impact both new and existing investors going forward.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

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.

Rusken Packaging Selects Powerfleet® For Optimized Trailer Efficiency

Powerfleet LV-500 and LV-710 Solutions Offer Private Fleet Unmatched Visibility

WOODCLIFF LAKE, N.J., June 22, 2020 (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 such as industrial trucks, tractor trailers, containers, cargo, cars, and light and heavy duty truck fleets, has been selected by Rusken Packaging to outfit its private fleet with the Powerfleet LV-500 solar tracking solution and the Powerfleet LV-710 Freight Camera.

The Alabama-based company will utilize Powerfleet’s LV-500 solar tracking solution coupled with the LV-710 Freight Camera to help maintain visibility of location and load status for its full fleet of trailers with deliveries starting in June of 2020. Powerfleet’s leading logistics solutions will better enable Rusken to eliminate manual yard checks and improve operating efficiencies through its powerful IQ analytics portal with robust utilization reporting.

“The past few months have proven that now, more than ever, transparency and efficiency are the best defense against supply chain vulnerabilities,” said Jeff Bowman, Corporate Logistics Director of Rusken Packaging. “Powerfleet’s reliable, next generation solutions give us the confidence that we are future proofing our business and ensuring we’re always able to deliver the best quality of service to our customers. We look forward to using the cutting-edge Powerfleet technology to ensure optimal asset utilization throughout our organization.”

The 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. The LV-500 combines advanced wireless sensor technology, a cloud-based application, and analytics to increase turns, utilization and profit.

This solution will be deployed in conjunction with the Powerfleet LV-710, which combines a high-definition camera, image recognition processor, door sensor and ‘cargo-area’ environmental sensors for true freight visibility and condition. The pairing of these two solutions will offer Rusken Packaging greater insight and quality control through the supply chain with imagery, environmental sensors, and real-time updates.

“Rusken’s strong growth over the last decade is testament to a clear focus on their products, customers and staff,” explains Powerfleet Chief Product Officer, Elizabeth Elkins. “We are thrilled that Powerfleet’s technology is a cornerstone in Rusken’s innovative approach to drive continuous visibility and top-quality service in their customer focused regional transit model.”

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