The Pedestrian Proximity Detection offering
meets growing demand to create safer workplaces worldwide
WOODCLIFF LAKE, N.J., Dec. 7, 2023
/PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) today
launched its next-generation Pedestrian Proximity
Detection solution, an artificial intelligence (AI)-powered
safety system that proactively prevents accidents, bolsters
pedestrian safety, and mitigates damage to material handling
equipment (MHE) within warehouses and manufacturing facilities.
Using AI-led object detection, the solution identifies people and
MHE in its path, provides visual and audio alerts of potential
hazards, and fosters an enhanced safety culture.
Warehouses and distribution centers have seen a tremendous
increase in labor over the past decade with more than 1.9 million
workers now employed in these facilities, creating a surge in
demand for safety solutions. The risk of injury and safety standard
violations has also increased – with those involving contact with
an object or equipment among the most frequently violated
standards. Associated costs and damage to brand reputation has
resulted in companies around the world rethinking their safety
cultures.
Powerfleet is helping its customers face these challenges head
on and has experienced 57% subscriber growth for its safety
solutions in North America since
2020. Powerfleet technology is fueling safety innovation - going
beyond current protection strategies such as special apparel or
wearable tags – and using a more universal, reliable, and advanced
approach. With enhanced visibility to avoid common safety blind
spots, and access to quantifiable analytics for coaching best
practices, drivers and pedestrians will now be better equipped for
workplace operations, progressing Powerfleet's mission of improving
safety for all.
"The safety of pedestrians, drivers, and equipment remains our
top priority, and Powerfleet is dedicated to providing
mission-critical solutions that empower our customers to
create safer workplaces throughout the world," said Steve Towe, Chief Executive Officer at
Powerfleet. "The Pedestrian Proximity Detection system offers a
broad array of business-improvement capabilities designed to
increase pedestrian and MHE safety. Arming organizations with this
solution allows them to take critical action to reduce liability
and protect their most valuable assets, their people."
With an immediate Return on Investment (ROI), leveraging the use
of this AI-powered solution helps prevent and significantly reduce
costly accidents. With capabilities such as triggering speed
and access control, detection of high-risk areas by identifying
near-miss events and driver coaching, the Pedestrian Proximity
Detection offering revolutionizes how Powerfleet approaches safety
in the market.
"It's imperative that businesses adapt and integrate new
technologies to prevent irreparable damage to employees, valuable
resources, and brand image," said Jim
Zeitunian, Chief Technology Officer at Powerfleet.
"Powerfleet continues to expand our AI-led platform and advanced
data capabilities to promote safer workplaces. Through the
Pedestrian Proximity Detection system, we're able to provide
unmatched visibility and crucial event analysis to enhance
experiences for operators and pedestrians alike."
The solution includes up to three vehicle-powered cameras
equipped with embedded AI to identify objects in the vicinity of
the vehicle. It also features front and rear indicator lights that
emit audible and visual warnings when objects breach the vehicle
path. A central wiring box powers the cameras and connects inputs
and outputs for zone detection, and when linked to Powerfleet's
Forklift Gateway (VAC), camera outputs capture specific event
details like breach location, time and driver identification for a
more in-depth analysis of events.
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; 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 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, 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@gatewayir.com
+1 (949) 574-3860
Powerfleet Media Contact
Andrea Hayton
ahayton@powerfleet.com
+1 (610) 401-1999
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SOURCE Powerfleet