WOODCLIFF LAKE, N.J., April 16, 2024 – Powerfleet, Inc. (Nasdaq: PWFL) will host a virtual fireside chat for analysts and shareholders 30 days into the business combination with MiX Telematics, which created a top-tier global AIoT SaaS provider with total revenue of $284 million and EBITDA of $43 million, as well as the opportunity to reach Rule of 40 performance within two years. The chat will take place on Tuesday, April 30, 2024, with presentations scheduled to begin at 9:30 a.m. Eastern time, followed by a Q&A session, with the event scheduled to end at approximately 11:00 a ..read more

A Scaled Day-One Business with Total Revenue of $284 Million, Including $215 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 65% Combined Customer Base Begins with More than 1.8m Subscribers In Addition to a Significant Growth Opportunity, Combination Expected to Unlock a Compelling $25m+ EBITDA Expansion Within First Two Years Expected to Deliver Significant Cross-Sell and Upsell Opportunities for Combined Solution Portfolio into Joint Base of 7,500 Enterprise Customers Virtual Investor Fireside Chat Scheduled for 9:30 AM ET on Tuesday, April 30, 2024 WOOD ..read more

WOODCLIFF LAKE, NJ – November 2, 2023 – Powerfleet, Inc. (Nasdaq: PWFL) today announced it has joined a U.S. Department of Transportation initiative to reduce the rising number of serious injuries and deaths on America’s highways, roads, and streets. The National Road Safety Strategy (NRSS) Call to Action campaign encourages leading organizations to advance their efforts to create a future with zero roadway fatalities. The U.S. has seen a sobering 29% increase in trucking-related fatalities over the past decade. Powerfleet is committed to eliminating roadway incidents through the deployment of ..read more

Unity Platform Celebrated for its Innovative AIoT Capabilities  WOODCLIFF LAKE, NJ – April 9, 2024 – Powerfleet, Inc. (Nasdaq: PWFL) today was announced as a finalist by the Business Intelligence Group for the Artificial Intelligence Excellence Awards program. This award recognizes organizations, products, and people who bring Artificial Intelligence (AI) to life and apply it to solve real-world problems.  Powerfleet’s fleet intelligence platform, Unity, ingests, harmonizes, and enriches data from any internet-of-things (IoT) device, original equipment manufacturer (OEM), or third-pa ..read more

Powerfleet, Inc., a leading provider in the Artificial Intelligence of Things (AIoT) Software-as-a-Service (SaaS) sector, today attained a secondary listing on the Johannesburg Stock Exchange (JSE). This strategic move aims to harness the robust capital markets in South Africa, propelling Powerfleet’s growth and expanding its global footprint. Powerfleet listed on the Nasdaq in 1999 and, as part of its expansion move, is in the final stages of completing its business combination with MiX Telematics Limited, a South African company specialising in fleet and mobile asset management solutions. Up ..read more

A Scaled Day-One Business with Total Revenue of $284 Million, Including $215 Million of Recurring High-Margin SaaS Revenues and Combined Service Gross Margins of 65% Combined Customer Base Begins with More than 1.8m Subscribers In Addition to a Significant Growth Opportunity, Combination Expected to Unlock a Compelling $25m+ EBITDA Expansion Within First Two Years Expected to Deliver Significant Cross-Sell and Upsell Opportunities for Combined Solution Portfolio into Joint Base of 7,500 Enterprise Customers Virtual Investor Fireside Chat Scheduled for 9:30 AM ET on Tuesday, April 30, 2024 WOOD ..read more

WOODCLIFF LAKE, NJ – February 28, 2024 – Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced they have received shareholder approval on the proposals related to the previously announced business combination between the parties. The transaction is expected to close the first week of April 2024, subject to the satisfaction of remaining customary conditions. Upon closing, the combined business will be branded as Powerfleet, with its primary listing on Nasdaq. “With the continued support from our shareholders, we are thrilled to announce their approval ..read more

WOODCLIFF LAKE, NJ – January 30, 2024 – Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced that their respective shareholders meetings will be held virtually on Wednesday, February 28, 2024 to vote on the proposed business combination between the parties. Powerfleet’s shareholder meeting will be held at 10:00 a.m., Eastern Time and MiX’s shareholder meeting will be held at 2:30 p.m., SAST. The Powerfleet and MiX teams have worked diligently to satisfy all necessary regulatory requirements, in both South Africa and the U.S., to proceed with the sha ..read more

WOODCLIFF LAKE, NJ – December 5, 2023 – 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 compreh ..read more

WOODCLIFF LAKE, NJ – November 2, 2023 – Powerfleet, Inc. (Nasdaq: PWFL) today announced it has joined a U.S. Department of Transportation initiative to reduce the rising number of serious injuries and deaths on America’s highways, roads, and streets. The National Road Safety Strategy (NRSS) Call to Action campaign encourages leading organizations to advance their efforts to create a future with zero roadway fatalities. The U.S. has seen a sobering 29% increase in trucking-related fatalities over the past decade. Powerfleet is committed to eliminating roadway incidents through the deployment of ..read more