Unity Platform Celebrated for its Innovative
AIoT Capabilities
WOODCLIFF LAKE, N.J., April 9,
2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq:
PWFL) today was announced as a finalist by the Business
Intelligence Group for the Artificial Intelligence Excellence
Awards program. This award recognizes organizations, products, and
people who bring Artificial Intelligence (AI) to life and apply it
to solve real-world problems.
Powerfleet's fleet intelligence platform, Unity, ingests,
harmonizes, and enriches data from any internet-of-things (IoT)
device, original equipment manufacturer (OEM), or third-party
business system. This data ecosystem delivers actionable,
mission-critical insights all within a single pane of glass,
providing companies a unified source of truth for their assets,
people, and business processes.
"Artificial Intelligence is now playing a more important role in
our lives than ever before," said Maria
Jimenez, Chief Nominations Officer for Business Intelligence
Group. "We're excited to recognize Powerfleet's Unity platform, and
the creativity and hard work that went into developing a powerful
product that is elevating customers' lives and
livelihoods."
Unity's core features encompass innovative AI and data science
capabilities. These include harmonizing data from disparate
sources, implementing machine vision, transforming safety practices
in warehouses and on-road operations around the world, and
advancing automation and machine learning proficiencies. With
applications such as driver identification in forklift assets, the
system verifies authorized personnel, maintains duty logs, and
prioritizes the safety of employees, resources, and brand
reputation. On-road, real-world applications of AI include
monitoring and pre-emptively reacting to fatigue and distraction,
ultimately preventing potential collisions before they occur.
"Our mission goes beyond data aggregation; it's about unifying
our customers' business processes and empowering them with
actionable insights to drive improved business performance," says
Jonathan Bates, Chief Product
Officer at Powerfleet. "We are proud to be recognized for the
unique and advanced capabilities of Unity's AIoT offerings."
For more information on how Powerfleet is unifying business
operations to help customers save lives, time, and money, please
visit: www.powerfleet.com.
ABOUT POWERFLEET
Powerfleet (Nasdaq: PWFL; JSE: PWR; TASE: PWFL) is a global
leader in the artificial intelligence of things (AIoT)
software-as-a-service (SaaS) mobile asset industry. With more than
30 years of experience, Powerfleet unifies business operations
through the ingestion, harmonization, and integration of data,
irrespective of source, and delivers actionable insights to help
companies save lives, time, and money. Powerfleet's ethos
transcends our data ecosystem and commitment to innovation; our
people-centric approach empowers our customers to realize impactful
and sustained business improvement. The company is headquartered in
New Jersey, United States, with offices around the globe.
Explore more at www.powerfleet.com.
ABOUT BUSINESS INTELLEGENCE GROUP
Business Intelligence Group was founded with the mission of
recognizing true talent and superior performance in the business
world. Unlike other industry award programs, these programs are
judged by business executives having experience and knowledge. The
organization's proprietary and unique scoring system selectively
measures performance across multiple business domains and then
rewards those companies whose achievements stand above those of
their peers. For more information, please visit
www.bintelligence.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of federal securities laws. Forward-looking statements
may be identified by words such as "expect," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," and similar expressions.
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 ("SEC"), including but not
limited to those described under the heading "Risk Factors" in its
annual reports on Form 10-K, quarterly reports on Form 10-Q and any
other filings made with the SEC from time to time, which are
available via the SEC's website at http://www.sec.gov. Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove to be incorrect, actual results may
vary materially from those indicated or anticipated by these
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements.
The forward-looking statements included in this press release
are made only as of the date of this press release, and except as
otherwise required by applicable securities law, Powerfleet assumes
no obligation, nor does Powerfleet intend to publicly update or
revise any forward-looking statements to reflect subsequent events
or circumstances.
Powerfleet Investor Contacts
Carolyn Capccio and
Jody Burfening
LHA Investor Relations
AIOTIRTeam@lhai.com
Powerfleet Media Contact
Andrea Hayton
ahayton@powerfleet.com
+1 (610) 401-1999
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SOURCE Powerfleet