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. “

About PowerFleet
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.

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

Contact for PowerFleet investors
Matt glover
Investor Relations Gateway
[email protected]
(949) 574-3860

PowerFleet media contact
Sasha Dookhoo
[email protected]

About Crossfire Media
Crossfire Media is an integrated marketing company that focuses on future technology trends. We serve communities of interest with conferences, trade shows, webinars and newsletters. Crossfire Media has partnered with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full-service information technology company based in New York City.

About TMC
Through education, industry news, live events and social influence, global buyers rely on TMC’s content-driven marketplaces to make buying decisions and navigate markets. markets. As a result, leading technology vendors are turning to TMC for unparalleled branding, thought leadership, and lead generation opportunities. Our in-person and online events provide unparalleled visibility and sales prospects for all recipients. Through our personalized lead generation programs, we provide our clients with a continuous flow of leads that turn into sales opportunities and build databases.

In addition, we strengthen the brand’s reputation with the millions of impressions generated by display advertising on our news sites and newsletters. Making TMC a 360 degree marketing solution, we offer comprehensive event and roadshow management services and personalized content creation with blogs, press releases, articles and marketing materials designed by experts for assist with SEO, branding and overall marketing efforts. For more information on TMC and to find out how we can help you achieve your marketing goals, please visit www.tmcnet.com and follow us on Facebook, LinkedIn and Twitter, @tmcnet.

Contact TMC
Michelle connolly
Marketing Director 203-852-6800, ext. 1710
[email protected]

Caution Regarding Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), which may include information regarding our beliefs, plans, objectives, goals, expectations, strategies, expectations, assumptions, estimates, intentions, future events, future income or performance, capital expenditures and other information that is not historical information. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements. expressed or implied by these forward-looking statements. forward-looking statements. These risks and uncertainties are detailed from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020. All forward-looking statements for which we are responsible or to persons acting on our behalf apply only as of the date on which they are made and are expressly qualified in their entirety by the caveats included in this press release. Except as required by law, we assume no obligation to publicly update or revise any forward-looking statement to reflect events or circumstances occurring after the date they were made or to reflect the occurrence of events. unforeseen, or otherwise.

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