WOODCLIFF LAKE, NJ, Aug 06, 2021 (GLOBE NEWSWIRE) – PowerFleet, Inc. (PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking and managing high-value enterprise assets, was awarded the 2021 IoT Evolution Asset Tracking Awarded for its LV-500 Solar Tracking Solution with LV-710 Cargo Camera from IoT Evolution World and IoT Evolution Magazine, the leading print and online voices in the fast-growing Internet of Things market. The award recognizes excellence in innovation using IoT technologies to automate asset tracking functions to increase efficiency, reduce theft or optimize asset utilization.
The PowerFleet LV-500 is the industry’s premier multi-powered asset tracking solution, leveraging long-life solar panels, supercapacitors and primary batteries for unmatched lifespan and visibility into critical events. The LV-500 provides visibility into assets such as trailers and containers to improve utilization, safety, optimize fleet size and increase customer satisfaction. The PowerFleet LV-710 fills a critical gap in the supply chain for freight transportation providers, shippers and supply chain stakeholders to gain better visibility into the status of their cargo, container or trailer through digital imaging, environmental sensors and real-time updates. It also provides accurate visual proof of empty and loaded trailer condition, trailer cube usage, and helps more accurate customer billing. When paired with the LV-500, these captured status events can be transmitted in near real time, processed through machine learning algorithms, and integrated into Transportation Management Systems (TMS).
“At PowerFleet, we focus our R&D efforts on innovations that change the industry and we are delighted to be selected by TMC and the judges of IoT Evolution for this Industry Leading Award,” said Chris Wolfe, CEO of PowerFleet. “The LV-500 and LV-710 are two products that have been extremely popular with prospects and customers, especially as they face the impending demise of 3G and assess the latest technology to upgrade. their asset tracking and monitoring solutions. We are delighted to see our engineering prowess translated into a prestigious award.
“It is with pleasure that I recognize PowerFleet with an IoT Evolution Asset Tracking Award for its continuous innovation,” said Carl Ford, CEO and Community Developer for IoT Evolution. “As a leader in this rapidly evolving industry, I look forward to seeing PowerFleet’s future successes. “
PowerFleet® Inc. (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, semi-trailers, containers, freight, vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the world. PowerFleet’s patented technologies meet 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 is not part of this press release.
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