PowerFleet Receives 2021 IoT Evolution Asset Tracking

WOODCLIFF LAKE, NJ, Aug 6, 2021 (GLOBE NEWSWIRE) – PowerFleet, Inc. (Nasdaq: PWFL), a worldwide chief and supplier of subscription-based wi-fi IoT and M2M options for securing, controlling, monitoring, and managing excessive -Worth Enterprise Property, received the IoT Evolution Asset Monitoring Award 2021 for its LV-500 photo voltaic monitoring answer with the LV-710 cargo digital camera from IoT Evolution World and IoT Evolution Journal, the main print and on-line voices of the fast-growing Web, get of issues market. The award acknowledges excellent innovation by the usage of IoT applied sciences to automate asset monitoring capabilities with a purpose to improve effectivity, cut back theft or optimize the usage of property.

The PowerFleet LV-500 is the industry’s first multipowered asset monitoring answer that leverages photo voltaic panels, supercapacitors and long-life main batteries for unmatched life and demanding occasion visibility. The LV-500 offers transparency for services similar to trailers and containers with a purpose to enhance utilization and security, optimize the fleet dimension and improve buyer satisfaction. The PowerFleet LV-710 bridges a crucial void within the provide chain for freight carriers, shippers and people concerned within the provide chain to raised perceive the standing of their freight, container or trailer by digital imaging, environmental sensors and real-time updates. It additionally offers correct visible proof of trailer empty and cargo standing, trailer dice utilization, and helps with extra correct buyer billing. Together with the LV-500, these recorded standing occasions may be transmitted nearly in actual time, processed utilizing machine studying algorithms and built-in into transport administration methods (TMS).

“At PowerFleet, we focus our R&D efforts on industry-changing improvements and are excited to be chosen for this industry-leading award by TMC and the IoT Evolution jury,” mentioned Chris Wolfe, CEO of PowerFleet. “The LV-500 and LV-710 are two merchandise which can be extraordinarily in style with prospects and clients, particularly as they handle the upcoming 3G sundown and consider the newest know-how for upgrading their asset monitoring and monitoring options. We’re very happy that our engineering abilities are mirrored in a prestigious award. ”

“I’m delighted to current PowerFleet with an IoT Evolution Asset Monitoring Award for its steady innovation,” mentioned Carl Ford, CEO & Group Developer for IoT Evolution. “As a pacesetter on this quickly evolving industry, I stay up for the long run success of PowerFleet.”

About PowerFleet
PowerFleet® Inc. (NASDAQ: PWFL; TASE: PWFL) is a number one world supplier and supplier of subscription-based wi-fi IoT and M2M options for securing, controlling, monitoring and managing high-value company assets similar to industrial vans, tractor models, containers, freight and autos and Truck fleets. The corporate is headquartered in Woodcliff Lake, New Jersey and has workplaces all over the world. PowerFleet’s patented applied sciences meet the wants of firms to observe and analyze their property to extend effectivity and productiveness, cut back prices and enhance profitability. Our choices are offered beneath the worldwide manufacturers PowerFleet, Pointer and Cellocator. For extra info, please go to www.powerfleet.com, the contents of which aren’t a part of this press launch.

PowerFleet company contact
Ned Mavrommatis, CFO
[email protected]
(201) 996-9000

PowerFleet investor contact
Matt Glover
Gateway Investor Relations
[email protected]
(949) 574-3860

PowerFleet media contact
Sasha Dookhoo
[email protected]

Through Crossfire Media
Crossfire Media is an built-in advertising firm centered on future know-how traits. We serve curiosity teams with conferences, commerce festivals, webinars and newsletters. Crossfire Media has partnered with Know-how Advertising Company (TMC) to create occasions and web sites about disruptive applied sciences. Crossfire Media is a division of Crossfire Consulting, a full-service info know-how firm primarily based in New York.

About TMC
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As well as, we’re strengthening the model’s popularity with hundreds of thousands of impressions from show promoting on our information websites and newsletters. Turning TMC right into a 360 diploma advertising answer, we offer full occasion and roadshow administration and customized content material creation companies with expertly crafted blogs, press releases, articles and advertising supplies to assist with website positioning, branding and common advertising efforts. For extra details about TMC and the way we will help you obtain your advertising targets, please go to www.tmcnet.com and comply with us on Fb, LinkedIn and Twitter, @tmcnet.

TMC contact
Michelle Connolly
Advertising Supervisor 203-852-6800, ext. 1710
[email protected]

Cautionary Word Relating to Ahead-Trying Statements
This press launch comprises “forward-looking statements” (throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended) that comprise details about our beliefs, plans, targets, aims, expectations , Methods, expectations, assumptions, estimates, intentions, future occasions, future earnings or efficiency, investments and different info that isn’t historic info. Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which can be past our management and that would trigger our precise outcomes, efficiency or achievements to vary materially from future outcomes, efficiency or achievements which can be expressed or implied in such forward-looking statements shall be statements. These dangers and uncertainties are detailed on occasion in our filings with the Securities and Alternate Fee, together with our Annual Report on Kind 10-Ok for the yr ended December 31, 2020. All forward-looking statements attributed to us or the people appearing on our behalf communicate solely as of the date of their publication and are expressly restricted of their entirety by the cautionary statements contained on this press launch. Besides as required by regulation, we undertake no obligation to publicly replace or revise any forward-looking statements to replicate occasions or circumstances which have occurred after the date of their publication, or to replicate the prevalence of unexpected occasions or in any other case.

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