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WOODCLIFF LAKE, N.J., Oct. 20, 2020 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy duty truck fleets, has been tapped by Kautex to improve its safety, compliance and utilization through PowerFleet’s telematics solutions.
As a top 100 supplier to global automotive OEMs, PowerFleet’s next generation telematics offer Kautex complete visibility, improved safety and efficacy across its global manufacturing centers. Leveraging PowerFleet’s VAC4 solutions, Kautex has complete wireless visibility and automated monitoring of all its industrial vehicles. The PowerFleet VAC4 is a highly configurable micro-computer that installs on virtually any type of industrial vehicle.
PowerFleet’s best-in-class telematic solutions enable improved material handling productivity, reduced costs, and ensure equipment is in the proper place at the right time. Its products also ensure the highest level of safety for industrial drivers while maintaining strict compliance.
“Our key mission at PowerFleet is to provide customers with the most effective products on the market, and that means putting the safety of our users at the core of what we build,” explains Mark Stanton, GM PowerFleet for Industrial. “Our suite of telematics solutions is a champion for those operating and managing industrial vehicles in that they not only improve the function of work, but also offer the confidence that it’s being done under the most secure conditions in the industry.”
Justo Pepi, Senior Manager Logistics Americas at Kautex, added: “After installing all our assets in our Detroit facility, we quickly realized that the PowerFleet Enterprise solution was able to exceed our expectations, and rapidly employed the PowerFleet solution at two additional facilities, expanding into Canada. The post implementation support has been outstanding. They made sure we were able to get the maximum value from our investment.”
Martin Weiss, Director of Global Material Excellence at Kautex, stated: “This level of support from PowerFleet will enable us to add their solution to our locations in Spain and the UK before the end of 2020, further expanding PowerFleet applications into various plants around the globe in 2021.”
PowerFleet® Inc. (NASDAQ: PWFL; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. PowerFleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Our offerings are sold under the global brands PowerFleet, Pointer, and Cellocator. For more information, please visit www.powerfleet.com, the content of which does not form a part of this press release.
Kautex, a subsidiary of Textron Inc., is rated among the Top 100 Automotive Suppliers worldwide. The company is a leading global supplier of hybrid and conventional plastic fuel tank systems, selective catalytic reduction systems (SCR) and clear vision systems and sensors. In addition, the company produces and supplies camshafts, castings and industrial packaging. Headquartered in Bonn, Germany, the company owns and operates more than 30 facilities in 14 countries worldwide.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” (within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), which may include information concerning our beliefs, plans, objectives, goals, expectations, strategies, anticipations, assumptions, estimates, intentions, future events, future revenues or performance, capital expenditures and other information that is not historical information. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties are detailed from time to time in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2019. All forward-looking statements attributable to us or persons acting on our behalf apply only as of the date they are made and are expressly qualified in their entirety by the cautionary statements included in this press release. Except as may be required by law, we undertake no obligation to publicly update or revise any forward-looking statement to reflect events or circumstances occurring after the date they were made or to reflect the occurrence of unanticipated events, or otherwise.
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Released October 20, 2020