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WOODCLIFF LAKE, N.J., Nov. 30, 2022 (GLOBE NEWSWIRE) — 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:
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
WOODCLIFF LAKE, N.J., Nov. 15, 2022 (GLOBE NEWSWIRE) — 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
WOODCLIFF LAKE, N.J., September 6, 2022 — PowerFleet, Inc. (Nasdaq: PWFL), a global leader of Internet of Things (IoT) solutions that manage enterprise assets for seamless business operations, announced that ST Engineering has selected its industrial telematics solutions for the Maintenance Repair Operations (MRO) at its airframe facility in San Antonio. ST Engineering, also known as Singapore Technologies Engineering Ltd (OTCMKTS: SGGKF), is a global technology, defense and engineering group and one of the largest airframe MRO solutions providers in the world. ST Engineering’s San Antonio facility will utilize PowerFleet’s telematics solutions to improve overall equipment visibility into its aerospace MRO operations, as well as an API tool to integrate data from their vehicles into the necessary systems to improve performance.
“We are excited to be working with ST Engineering to provide telematic solutions to their San Antonio facility,” said Steve Towe, CEO of PowerFleet. “Our team will continue to work closely with ST Engineering to offer real time, data-driven analytics to their industrial operations to improve accountability and increase efficiency.”
To support ST Engineering’s needs, PowerFleet’s solutions will assist them across multiple industrial assets. Forklifts and tuggers are among the highest priority to move large cargo for their aviation business, along with other equipment. PowerFleet will also support the brand’s security and access control through improved tracking of asset distribution, one of the core requirements for their business. PowerFleet’s business will also incorporate tools built to improve the monitoring and status of vehicular inspections, as well as telematics built into equipment and various locations onsite and the San Antonio airport to track real time asset location. To ease the integration process, ST Engineering and PowerFleet will deploy all technology in multiple phases and locations.
“The integration of PowerFleet’s solutions is part of our efforts to digitalize the operations at our hangars,” said Irving Tjin, Vice President & General Manager at VT San Antonio Aerospace, a subsidiary of ST Engineering. “The initial demonstration greatly exhibited their capabilities in improving our ability to control and track the necessary assets, and thereby ensuring that authorized individuals are the ones handling industrial technology. From installation to sales and support, their service has proven to be reliable. That, in line with the ability to gather key data, will be important in helping us maintain safety in our operations.”
PowerFleet’s integration will not just supercharge their organization efficiencies but help them avoid unplanned expenses such as damages to equipment and inefficient use of equipment. It’ll minimize unexpected maintenance costs by monitoring actual wear and tear information on equipment, and will improve visibility into the location, activation status and distribution of all equipment.
To learn more about the latest PowerFleet 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 ST Engineering
ST Engineering is a global technology, defence and engineering group with a diverse portfolio of businesses across the aerospace, smart city, defence and public security segments. The Group harnesses technology and innovation to solve real-world problems, enabling a more secure and sustainable world. Headquartered in Singapore, it has operations spanning Asia, Europe, the Middle East and the U.S., serving customers in more than 100 countries. ST Engineering reported revenue of $7.7b in FY2021 and ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Straits Times Index, MSCI Singapore, iEdge SG ESG Transparency Index and iEdge SG ESG Leaders Index.
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
VT San Antonio Aerospace
Media Contact
Jacquline Anderson
Communications & Branding Manager
jacquline.anderson@stengg.us
(210) 293-2660
WOODCLIFF LAKE, N.J., Oct. 20, 2020 (GLOBE NEWSWIRE) — Powerfleet, Inc. (Nasdaq: PWFL), 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.”
Powerfleet® Inc. (NASDAQ: PWFL; 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 www.powerfleet.com, the content of which does not form a part of this press release.
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.
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