LiteLink Announces Launch of PerfectRoute, a Route Planning and Fleet Optimization Solution
October 15 2019 - 5:30AM
LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT) (OTC:LLNKF)
(FRA:C0B), a key player in logistics and payment solutions, is
pleased to announce PerfectRoute, a delivery route planning and
fleet optimization solution for all types of vehicles designed for
last-mile delivery, powered by the 1SHIFT Logistics platform.
With the global route optimization software market expected to
reach US$5.07 billion by 2023, compounded with today’s increasing
pressure to lower costs of transportation and logistics.
Route optimization will be provided to enterprise customers via
Litelink’s flagship 1SHIFT platform, but also as a standalone
offering in a simple monthly subscription format under the second
brand ‘Perfect Route,’ guaranteeing the best route for any delivery
to achieve the lowest delivery costs.
1SHIFT’s route and truck optimization features will be available
to the mass market this quarter in 2019, which customer trials
currently taking place at this time.
PerfectRoute is a true self-service SaaS offering from Litelink
focused on user simplicity and immediate response of the best fit
optimized route to take. To access this feature, any user can
upload any number of pickup and drop-off locations, and simple
click ‘Optimize’ to generate the most efficient planned route to
take. The key differentiator is a ‘truck optimizer feature’ that
estimates how many trucks are required to ship al customer orders
minimizing wastage and cost.
“While onsite with a customer implementing our flagship platform
1SHIFT Logistics, we noticed the time and effort being spent each
day manually figuring out how many trucks and customer orders were
required for planned truck routes. It is clear the owners are
very reliant on two critical resources and an array of manual
steps,'' stated Shanila Karim, head of 1SHIFT Customer Success.
“We are very excited about the launch of our new product
PerfectRoute, which will solve some of the key biggest challenges
faced by last-mile delivery businesses,” said LiteLink CEO Ashik
Karim. “Litelink can continue to focus on rolling out 1SHIFT
Logistics to enterprise clients, and now capture even a larger
market with a subscription based high value solution like Perfect
Route.”
To learn more about PerfectRoute, schedule a demo of the
solution or request a 14-day free trial, please visit
https://1shiftlogistics.com/1shiftrouting2/ or email
kent.churn@1shiftlogistics.com.
About LiteLink Technologies Inc.LiteLink
Technologies Inc. (CSE:LLT) (OTC:LLNKF) (FRA:C0B) is a major player
in developing world-class enterprise platforms that utilize
artificial intelligence, blockchain, and predictive analytics to
solve fragmented and outdated technology problems in the logistics
and digital payment industries. Our flagship 1SHIFT logistics
platform offers real-time transparency and tracking which allows
brokers, shippers, and carriers to track shipments and settle
payments in real-time. Our route planning and fleet optimization
platform PerfectRoute is designed to help last-mile delivery
companies better plan deliveries with higher truck utilization.
For investor relations, please contact Yana Bobrovskaya at
604-307-2553 or email investor@litelinktech.com.
Forward-looking StatementThis news release may
contain certain “Forward-Looking Statements” within the meaning of
the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information may
relate to the nature of the business of LiteLink, and other factors
or information. Such statements represent LiteLink’s current views
with respect to future events and are necessarily based upon a
number of assumptions and estimate that, while considered
reasonable by LiteLink, are inherently subject to significant
business, economic, competitive, political and social risks,
contingencies and uncertainties. Many factors, both known and
unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. LiteLink does not intend and does not assume any
obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules and
regulations.
Litelink Technologies (CSE:LLT)
Historical Stock Chart
From Nov 2024 to Dec 2024
Litelink Technologies (CSE:LLT)
Historical Stock Chart
From Dec 2023 to Dec 2024