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: 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, 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.”