Powerfleet Unveils Sustainability Data-Powered Application - Seite 2

“Powerfleet offers an expanded look into vehicle and driver behaviors critical to ESG initiatives,” said Jim Zeitunian, Powerfleet’s Chief Technology Officer. “The correlations and impact of a range of factors from a business’s fleet with its bottom line is pivotal. This exemplifies our dedication to driving innovation aligned with the challenges and opportunities of our customers. We call it ‘People-Powered IoT’ – technology that can save lives, time, and money – designed specifically for the needs of our customers and their stakeholders across the globe.”

Powerfleet is a proven leader in electric vehicle telematics and IoT. To date, Powerfleet is enabling hundreds of electric buses. This is based on 30+ years of experience developing and implementing these innovative technologies.

This follows the launch of Powerfleet’s Safety and Security Data-Powered Application and Powerfleet’s acquisition of Movingdots, a leading provider of insurance telematics and sustainable mobility solutions. Additional data-powered applications spanning visibility, maintenance, fuel, and compliance are expected to launch now through 2024.

The Sustainability Data-Powered Application will be available in July of 2023. For more information visit: https://www.powerfleet.com/sustainability/.

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 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 most recent annual report on Form 10-K. 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.