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 industrial trucks, tractor trailers,
containers, cargo, and vehicles and truck fleets, has appointed
Elizabeth Elkins as its new chief product officer.
Elkins brings to PowerFleet more than 20 years of experience as
a senior executive with board-level accountability for corporate
and product strategy, technical innovation and execution, as well
as operational excellence. With extensive international,
multi-industry experience including IoT, logistics, financial
services, and healthcare, Elkins has significant experience driving
corporate roadmaps from strategy and execution to creating
end-to-end offerings that add new revenue streams and facilitate
cost savings to customers.
“Elizabeth has a proven track record of creating and delivering
impactful SaaS and IoT solutions that make a difference in
customer’s businesses,” said PowerFleet CEO Chris Wolfe. “This
invaluable experience lends itself perfectly to helping PowerFleet
expand our offerings within our growing target markets globally. We
look forward to benefiting from her insights and experience to
accelerate our global product strategy and top-line growth.”
Prior to PowerFleet, Elkins served as the global EVP of product
management, product development/engineering, quality assurance,
corporate PMO and ecommerce at KORE Wireless, the world’s sixth
largest IoT subscription provider, spanning the vast connectivity,
device management, asset tracking, services, data and application
ecosystem. Elkins also served as COO of Pneuron, a technology and
consulting firm focused on enterprise distributed analytics, edge
processing and cloud orchestration of applications. Previously,
Elkins held senior technology and operations management positions
at Fiserv and the Federal Reserve Bank.
She is the author of six patents and the recipient of premier
corporate technology awards, including MIT Sloan top enterprise
innovation, Gartner Cool Vendor in big data, and Forrester
Break-out Company for business orchestration. Elkins attended the
University of Tennessee and American Intercontinental University,
earning a bachelor’s degree in international business management
with a focus on management information systems. She completed the
post graduate executive management program at Vanderbilt
University.
About PowerFleetPowerFleet® Inc. (NASDAQ: 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, tractor trailers, containers, cargo, and vehicles and truck
fleets. The company is headquartered in Woodcliff Lake, New Jersey,
with offices located around the globe. PowerFleet’s patented
technologies address 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 does not form a part of this press release.
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 ability to recognize the anticipated benefits of the
acquisition, which may be affected by, among other things, 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 possibility that PowerFleet may not be
able to integrate successfully the business, operations and
employees of I.D. Systems and Pointer, 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, I.D. Systems’ and
Pointer’s filings with the Securities and Exchange Commission,
including I.D. Systems’ annual report on Form 10-K for the year
ended December 31, 2018, Pointer’s annual report on Form 20-F for
the year ended December 31, 2018 and PowerFleet’s registration
statement on Form S-4 filed with the Securities and Exchange
Commission on May 24, 2019, as amended on July 1, 2019 and July 23,
2019, 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.
PowerFleet Company Contact Ned Mavrommatis, CFO
NMavrommatis@powerfleet.com (201) 996-9000
PowerFleet Investor Contact Matt Glover Gateway
Investor Relations PWFL@gatewayIR.com(949) 574-3860
Media Contact Sara Shaffer
powerfleet@n6a.com
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