ABI Research released commercial video
telematics report recognizing Powerfleet for its innovation
WOODCLIFF LAKE, N.J., Dec. 5, 2023
/PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today announced it
was named a top innovator in ABI Research's Commercial Video
Telematics Competitive Ranking. This influential report is
designed to provide critical insights, research, and strategic
advice for vendor decision-making in the video telematics and
mobile asset IoT SaaS industry. ABI is a global technology
advisory firm with research focused on transformative technologies
that are dramatically reshaping industries, economies, and
workforces.
The study ranked Powerfleet as a top innovator based on its
comprehensive solutions, user experience, key use cases, cameras
and sensors, driving monitoring systems, and reporting and
analytics capabilities. Powerfleet was specifically recognized for
its advanced video solutions, data-driven safety and security
enterprise application, and its device-agnostic fleet intelligence
platform Unity, which offers fleet managers a strategic dashboard,
instant real-time reporting, driver alerts, and sophisticated
analytics such as incident heat mapping and driver scoring.
"It is reaffirming to receive this acknowledgment from ABI
Research after their thoughtful analysis of the commercial video
technology landscape," said Jim
Zeitunian, Powerfleet's Chief Technology Officer. "We are
excited to continue pushing the envelope, setting new standards,
and delivering even more groundbreaking AI-led and data-driven
solutions in the future."
Powerfleet helps companies around the world improve their safety
culture by providing mission-critical safety solutions and data
intelligence to improve business operations. Their software
capabilities encompass pre-collision warning, incident prevention,
driver identification, incident review, driver coaching and risk
mitigation, cargo monitoring, and more. The top innovator
recognition follows the announcement of a business combination with
MiX Telematics that will further accelerate their Artificial
Intelligence of Things (AIoT) innovations and customer expansion
opportunities for over 1.7 million subscribers worldwide.
This ABI study included an impartial evaluation and ranking of
commercial video telematics vendors, aiming to assess and compare
their offerings. To ensure a fair comparison, only vendors
providing video-based features like driver behavior monitoring and
cargo monitoring were considered. Additionally, selected vendors
must directly interface with end-users or do so through partners to
assist in understanding and optimizing their operations.
For more information on how Powerfleet is unifying business
operations to save lives, time, and money, please
visit: https://www.powerfleet.com/.
ABOUT ABI RESEARCH
ABI Research provides strategic guidance for visionaries needing
market foresight on the most compelling transformative
technologies, which reshape workforces, identify holes in a market,
create new business models and drive new revenue streams. ABI's own
research visionaries take stances early on those technologies,
publishing groundbreaking studies often years ahead of other
technology advisory firms. ABI analysts deliver their conclusions
and recommendations in easily and quickly absorbed formats to
ensure proper context. Our analysts strategically guide visionaries
to take action now and inspire their business to realize a bigger
picture. For more information about subscribing to ABI's Research
Services as well as Industrial and Custom Solutions, visionaries
can contact us at +1.516.624.2500 in the Americas, +44.203.326.0140
in Europe, +65.6592.0290 in
Asia-Pacific or visit
www.abiresearch.com.
ABOUT POWERFLEET
Powerfleet (Nasdaq: PWFL; TASE: PWFL) is a global leader of
internet of things (IoT) software-as-a-service (SaaS) solutions
that optimize the performance of mobile assets and resources to
unify business operations. Our data science insights and advanced
modular software solutions help drive digital transformation
through our customers' and partners' ecosystems to help save lives,
time, and money. We help connect companies, enabling customers and
their customers to realize more effective strategies and results.
Powerfleet's tenured and talented team is at the heart of our
approach to partnership and tangible success. The company is
headquartered in Woodcliff Lake, New
Jersey, with our Pointer Innovation Center (PIC) in
Israel and field offices around
the globe. For more information, please visit
www.powerfleet.com.
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 the proposed transaction with MiX
Telematics; 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 proposed transaction with MiX Telematics; 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, risks related to the
proposed transaction with MiX Telematics and other risks detailed
from time to time in Powerfleet's filings with the Securities and
Exchange Commission, including Powerfleet's most recent annual
report on Form 10-K. These risks 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 Investor Contact
Matt Glover
Gateway Group, Inc.
PWFL@gateway-grp.com
+1 (949) 574-3860
Powerfleet Media Contact
Andrea Hayton
ahayton@powerfleet.com
+1 (610) 401-1999
View original content to download
multimedia:https://www.prnewswire.com/news-releases/powerfleet-named-a-top-innovator-by-abi-research-302005570.html
SOURCE Powerfleet