Competitive ranking recognizes Powerfleet's
cold chain offering as the global leader in the space, citing its
Unity platform as a key differentiator
WOODCLIFF LAKE, N.J., Sept. 17,
2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq:
AIOT) today was named the number one global leader in cold chain
monitoring solutions, according to a competitive ranking assessment
by ABI Research. The study from ABI Research assessed nine cold
chain software vendors to provide an independent third party
ranking that considered key trends in the market, including the
growing demand for real-time monitoring, adoption of Internet of
Things (IoT) and advanced sensors, as well as other advanced
analytics and regulatory compliance.
With cold chain logistics involving unique complexities and
challenges that extend beyond standard logistics operations,
success hinges on meticulous management, maximum control, and
real-time temperature and humidity monitoring. From starting point
to destination, Powerfleet addresses these intricacies, creating a
comprehensive cold chain offering by integrating IoT tracking
devices, refrigeration units, and environmental sensors into one
purpose-built smart trailer solution.
"With Powerfleet's commitment to delivering innovative cold
chain solutions, we're happy to recognize them as the overall
leader," said Adhish Luitel,
Principal Analyst at ABI Research. "Their groundbreaking
innovations, coupled with robust implementation strategies, have
allowed its Unity platform to be implemented across a wide range of
cold chain fleets, driving our industry forward and improving
customer experiences."
The assessment named Unity, Powerfleet's SaaS-based,
data-agnostic platform, as its key differentiator. The platform
ingests data from any IoT device, OEM, or external data source and
then applies AI and machine learning to deliver actionable insights
for informed decision-making, all within a single pane of glass.
Unity also has a deep bench of integration capabilities. This
allows customers to integrate real-time temperature data,
refrigeration unit monitor/control, and fleet asset management into
surrounding business systems for reliable product assurance,
compliance verification, and visibility.
"As the business landscape continues to evolve and customer
demands change, we remain committed to offering the most advanced
cold chain solutions and solving the pain points businesses across
the industry face every day," said Jonathan
Bates, Chief Product Officer at Powerfleet. "Being
recognized as the overall leader for our cold chain offerings
underscores our continued commitment to unifying essential
operations, consolidating diverse data sources, and providing
world-class solutions all with a customer-first approach. We look
forward to continuing to help drive the industry forward and grow
our customers' businesses."
Powerfleet's cold chain solution is purpose-built for an
abundance of use cases, including ensuring food safety during
transportation, reducing food waste, preventing chemical
degradation during storage, safeguarding the quality of
perishables, and maintaining product integrity, quality, and
freshness.
To learn more about Powerfleet and its cold chain capabilities,
please
visit: https://www.powerfleet.com/solutions-for-cold-chain-logistics/.
ABOUT POWERFLEET
Powerfleet (Nasdaq: AIOT; 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 ABI RESEARCH
ABI Research is a global technology intelligence firm uniquely
positioned at the intersection of technology solution providers and
end-market companies. We serve as the bridge that seamlessly
connects these two segments by providing exclusive research and
expert guidance to drive successful technology implementations and
deliver strategies proven to attract and retain customers.
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 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 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 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 Contacts
Carolyn Capaccio and Jody Burfening
LHA Investor Relations
AIOTIRTeam@lhai.com
Powerfleet Media Contact
Team LEWIS
powerfleetus@teamlewis.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/abi-research-ranks-powerfleet-as-the-worlds-no-1-commercial-cold-chain-solution-302250050.html
SOURCE Powerfleet
