### Competition Ranking Names Powerfleet as Global Leader in Cold Chain Solutions, Highlighting Unity Platform as Key Differentiator
WOODCLIFF LAKE, N.J., Sept. 17, 2024 /PRNewswire/ — Powerfleet, Inc. (Nasdaq: AIOT) has been evaluated by ABI Research’s competition ranking as a leading enterprise in global cold chain monitoring solutions. ABI Research’s study assessed nine cold chain software providers and provided an independent third-party ranking that took into account key trends in the market such as increasing demand for real-time monitoring, adoption of IoT (Internet of Things), advanced sensors, and other sophisticated analytics and regulatory compliance.
Cold chain logistics involves more complex challenges than standard logistics operations. Success depends on meticulous management, maximum control, and real-time temperature and humidity monitoring from origin to destination. Powerfleet comprehensively addresses these complexities by integrating IoT tracking devices, refrigeration units, and environmental sensors into a specially designed smart trailer solution.
“Given Powerfleet’s commitment to providing innovative cold chain solutions, we are pleased to recognize it as an overall leader,” said Adhish Luitel, Principal Analyst at ABI Research. “Their groundbreaking innovations and robust implementation strategies have enabled the deployment of their Unity platform across various cold chain fleets, driving industry-wide progress and enhancing customer experience.”
The assessment highlighted Powerfleet’s SaaS platform Unity as its key differentiator. The platform can extract data from any IoT device, original equipment manufacturer (OEM), or external data source, then apply AI and machine learning to provide actionable insights for informed decision-making within a unified interface. Unity also has deep integration capabilities that allow customers to integrate real-time temperature data, refrigeration unit monitoring/control, and fleet asset management into surrounding business systems to ensure product reliability, compliance validation, and visibility.
“As the business environment continues to evolve and customer needs change, we remain committed to providing state-of-the-art cold chain solutions addressing daily pain points in the industry,” said Jonathan Bates, Chief Product Officer at Powerfleet. “Being recognized as an overall leader in cold chain solutions underscores our ongoing commitment to unifying core operations, integrating diverse data sources, and delivering world-class solutions. We look forward to continuing to drive industry progress and foster customer business growth.”
Powerfleet’s cold chain solutions are applicable across various 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.
For more information about Powerfleet and its cold chain capabilities, visit: www.powerfleet.com.
**About POWERFLEET**
Powerfleet (Nasdaq: AIOT; JSE: PWR; TASE: PWFL) is a global leader in Artificial Intelligence of Things (AIoT) Software as a Service (SaaS) for mobile assets. With over 30 years of experience, Powerfleet unifies business operations through the extraction, harmonization, and integration of data to provide actionable insights that help companies save lives, time, and money. Beyond our data ecosystem and commitment to innovation, our people-centric approach enables our customers to achieve impactful and sustainable business improvements. Headquartered in Woodcliff Lake, New Jersey, with offices worldwide, learn more at www.powerfleet.com.
**About ABI RESEARCH**
ABI Research is a global technology intelligence company uniquely positioned at the intersection of technology solution providers and end-market companies. We provide an unbroken bridge to success through exclusive research and expert guidance for both in their successful technology implementations and strategies to attract and retain customers.
**Forward-Looking Statements Disclaimer**
This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements regarding Powerfleet’s beliefs, plans, objectives, expectations, assumptions, estimates, intentions, and future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Except for historical facts, all statements are potentially forward-looking statements. For example, forward-looking statements include those regarding potential customers, contract values, market forecasts, revenues, income, synergies, earnings, or other financial information, emerging new products, and plans, strategies, and objectives for future operations, including increasing revenue, controlling operating costs, boosting production volumes, and expanding core customer business. These risks and uncertainties include but are not limited to future economic and business conditions, the ability to identify anticipated benefits from the MiX Telematics transaction, loss of key customers or any reduction in such customers’ purchases of products, failure for Powerfleet’s product market to continue to develop, inability to protect Powerfleet’s intellectual property, challenges managing growth, competitive impact from various local, regional, national and other wireless solutions providers, and other risks detailed from time to time in Powerfleet’s filings with the Securities and Exchange Commission, including those described in Powerfleet’s most recent annual report. These risks could cause actual results to differ materially from any forward-looking statements made herein. Unless required by applicable law, Powerfleet disclaims any obligation to update information contained in this press release and expressly disclaims any such obligation for updates due to new information, future events or otherwise.
**Powerfleet Investor Contact** Carolyn Capaccio and Jody Burfening
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