Mitsubishi Logisnext Americas Launches Advanced Powerfleet® Telematics Solution For North American Market

HOUSTON (May 26, 2021) – Mitsubishi Logisnext Americas group (Logisnext), a leading North American provider and manufacturer of material handling and innovative automation and fleet solutions, announced today that it has entered into a reseller agreement with Powerfleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions. Together, Powerfleet and Logisnext have teamed-up to introduce the new Powerfleet® Enterprise Telematic Solution to customers across North America.

Available as a factory-installed option on all Mitsubishi forklift trucks, Cat® lift trucks and Jungheinrich® warehouse products, customers will benefit from access to real-time data analytics to make more informed decisions.

As an integrated solution, the Powerfleet Enterprise Telematics System will allow customers to monitor lift truck utilization, impacts, and company safety compliance quickly and accurately, while also optimizing their fleet’s performance.

“Powerfleet’s innovative technology and Mitsubishi Logisnext America’s advanced material handling equipment are a powerful combination,” said John Sneddon, executive vice president, Sales and Marketing at Mitsubishi Logisnext Americas. “Powerfleet’s Enterprise Telematics is a first-class technology solution, empowering customers to more effectively manage their fleet across multiple brands, units and locations. We’re excited to bring this new level of support to our customers.”
Mark Stanton, GM of Supply Chain at Powerfleet, commented: “Powerfleet’s telematic solutions set the industry’s standard by monitoring safe operation, increasing material handling productivity, reducing costs, and ensuring equipment is in the proper place at the right time. By adding Powerfleet’s Enterprise Telematics Solution to its portfolio, Mitsubishi Logisnext Americas becomes a one-stop shop for industrial fleet needs, which provides tremendous value to the customer. We’re excited to partner with Mitsubishi Logisnext Americas to bring this solution to the North American market.”

Powerfleet’s Telematics Solution

Through Powerfleet’s VAC4 and impact sensors solutions, end-users will gain complete wireless visibility and automated monitoring across their lift truck fleet. The VAC4 combines an advanced hardware device installed on the lift truck with easy to use cloud-based software. This powerful combined solution provides the industry’s most data-rich analytics platform, delivering critical safety controls and insightful data on the material handling fleet’s utilization and productivity.

  • Significant capabilities include:
  • Operator Access Control
  • Electronic Pre-Shift Checklists for OSHA Compliance
  • Impact Sensing
  • Fleet Utilization / Productivity
  • Automated Reporting and Alert Notifications Battery Monitoring
  • Business IQ Analytics
  • Speed Monitoring
  • Load Monitoring
  • Localization / Tracking via Wi-Fi
  • Text Messaging

A scalable telematics solution, Powerfleet is suitable for any fleet size and product mix across the Mitsubishi forklift trucks, Cat lift trucks and Jungheinrich product offering.

For further information, or to see how Powerfleet – and Logisnext’s wide-range of material handling fleet solutions – can further enhance, optimize and streamline business operations, visit Powerfleet.com or LogisnextAmericas.com.

 

About Mitsubishi Logisnext Americas

Mitsubishi Logisnext Americas Inc. and its group companies have helped customers Move The World Forward for more than 100 years. A technology-driven manufacturer, Mitsubishi Logisnext Americas offers scalable solutions from material handling to automation and extensive fleet support. Headquartered in Houston, Texas, its complete portfolio of advanced solutions spans across five leading brands – Mitsubishi forklift trucks, Cat® lift trucks, Rocla AGV Solutions, UniCarriers® Forklifts and Jungheinrich® warehouse and automation products. All products are backed by an extensive dealer network offering industry-leading customer service and product support. For more information, visit www.LogisnextAmericas.com.

About Powerfleet

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.

Nucor Tubular Products Selects Powerfleet Telematics to Improve Steel Manufacturing Safety

Powerfleet, Inc., 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, announced today it has been selected by Nucor Tubular Products to improve safety, compliance, and utilization by using Powerfleet’s telematics solutions.

Nucor Tubular Products has employed Powerfleet to enhance the safety of all warehousing operations at its facilities. After a rigorous pilot program, Nucor Tubular Products has chosen to deploy the Powerfleet Enterprise telematics solution across all lift-truck equipment and instrument cranes at a second location in Q4 2020 and the remaining six of its tubular products facilities during the first half of 2021.

Powerfleet sets the industry safety standard through its telematic solutions, which improve material handling productivity, reduce costs, and ensure equipment is in the proper place at the right time. Its products also provide improved safety while maintaining strict compliance and reducing slowdown friction lost in manual check-ins.

In addition to the Powerfleet Enterprise solution, Nucor Tubular Products will also deploy Powerfleet Forewarner MAXI Crane Safety lights and CP4 Forklift Camera solutions to increase visibility, safety and guarantee accurate records of equipment use in real-time.

“Steel manufacturing by nature has incredibly unique and extensive requirements to ensure that we have enhanced safety protocols and procedures available for our team. After assessing solutions on the market, Nucor Tubular Products has made the decision to partner with Powerfleet,” explains Nathan Fraser, Nucor Vice President & General Manager. “To help meet our mission of becoming the World’s Safest Steel Company, we’ve brought on a technology partner at the edge of innovation and performance to further ensure the safety of all our Nucor Tubular Products teammates.” Nathan continues, “Powerfleet’s ability to automatically send critical safety and equipment information into our Business Management System will allow us to be more responsive, efficient, and ultimately safer as a team.

“Powerfleet is excited to continue expanding the work with Nucor Tubular Products, ensuring the highest level of safety across their facilities,” says Mark Stanton, GM of Powerfleet for Industrial. “At the core of all Powerfleet solutions is the foundational goal to drive stronger, safer and more efficient practices. Extending our work with Nucor Tubular Products is an exciting milestone in continuing to champion these ideals”.

About Powerfleet

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.

About Nucor

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel — in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; steel grating; and wire and wire mesh. Nucor, through The David J. Joseph Company, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America’s largest recycler.

Kautex Taps Powerfleet Telematics for Safer, More Sustainable Production

Powerfleet VAC4 to be Deployed Globally Through 2021

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.”

About Powerfleet

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.

About Kautex

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.

Ryder Selects Powerfleet for Industrial to Secure North American Supply Chain Operations

WOODCLIFF LAKE, N.J., Oct. 09, 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, today announced it has been chosen by Ryder System, Inc., a leading logistics and transportation company, to embed telematics into its forklifts and other material handling equipment within its warehouses.

Ryder operates behind the scenes, managing critical fleet, transportation, and supply chain functions for more than 50,000 customers, many of which make the products that consumers use every day. Over the next 12-18 months, Ryder will be deploying the Powerfleet Enterprise solution on over 1,000 pieces of material handling equipment at more than 30 sites in North America. Under the terms of the deal, Powerfleet for Industrial will help Ryder’s North American operations deliver the value-added benefit of enhancing safety and regulatory compliance to their warehouse material handling operations. Ryder operates more than 300 warehouses encompassing approximately 55 million square feet.

The Powerfleet Enterprise solution combines an advanced hardware device installed on the Ryder equipment, powerful SaaS-based software, and the industry’s most data-rich analytics platform to deliver critical safety controls and insightful data on the utilization and productivity of the equipment and operator.

“We’re thrilled to work with Ryder to deliver best-in-class safety telematics technology,” said Mark Stanton, General Manager at Powerfleet for Industrial. “Ryder’s Integrated Logistics team will now have increased visibility into key safety features of their material handling equipment to provide their customers with a full, 360-degree picture of their operations to optimize safety and reduce operating costs.”

As a recognized leader in safety telematics, Powerfleet’s solutions will deliver increased access control, equipment checklist compliance, asset performance, and operator accountability. Ryder’s key initiative following implementation is the rollout of corporate KPIs to measure the improvement of operations.

“We chose the Powerfleet solution because of its advanced telematics capabilities for our forklifts and other material handling equipment,” stated Norm Brouillette, Vice President and GM from Ryder Supply Chain Solution. “Their focus on solutions that optimize assets and enhance safety protocols is critical for our success.”

To learn more about the latest Powerfleet solutions, visit www.powerfleet.com.

About Powerfleet
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.

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.

Powerfleet Company Contact
Ned Mavrommatis, CFO
NMavrommatis@Powerfleet.com
(201) 996-9000

Powerfleet Media Contact
N6A on behalf of Powerfleet
Powerfleet@n6a.com

Powerfleet Investor Contact
Matt Glover
Gateway Investor Relations
PWFL@gatewayIR.com
(949) 574-3860

About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chaindedicated transportation, and commercial fleet management solutions, including full service leasingrental, and maintenanceused vehicle salesprofessional driverstransportation servicesfreight brokeragewarehousing and distributione-commerce fulfillment, and last mile delivery services, to some of the world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages more than 250,000 commercial vehicles and operates more than 300 warehouses encompassing approximately 55 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com

Media Contact
Jonathan Mayor
(305) 500-3161
Jonathan_C_Mayor@Ryder.com

Jungheinrich AG Extends Global Technology Agreement with Powerfleet

Partnership Expansion Will Offer New Solutions and Channel Affiliation in Europe, Middle East and Africa (EMEA) and North America

WOODCLIFF LAKE, N.J., July 13, 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, will be expanding its partnership with Jungheinrich AG.

After just one year into a multi-year contract with the leading provider of intralogistics to collaborate on product development, sales and support for their telematics needs, Powerfleet is proud to announce an extension to its existing agreement with Jungheinrich. Powerfleet was originally tapped by Jungheinrich to develop a highly integrated telemetry platform for its vehicles combined with sophisticated fleet management software in Europe. Through this evolving partnership, Powerfleet will continue to help Jungheinrich expand their market penetration in EMEA and North America by enabling Jungheinrich customers to run safer, more cost-effective intralogistics operations.

The collaboration between Powerfleet’s best-in-class technology and Jungheinrich’s comprehensive portfolio of material handling equipment, logistics systems and services has generated strong momentum for both companies.

“The reliability and innovation of Powerfleet’s solutions have exceeded our expectations for the partnership,” said Frank Marschatz, service director at Jungheinrich. “We at Jungheinrich set out with Powerfleet to provide our customers with the best solutions possible, which is why after only one year, we’re expanding that offering. Powerfleet’s product features and quality not only met but surpassed our industry-leading standards.”

Ute Filippone, managing director EMEA for Powerfleet, commented: “We have enjoyed working with Jungheinrich to ramp up its telematics sales offerings. Our integrated solution enables Jungheinrich customers to quickly and accurately monitor utilization, damage, and safety compliance of their fleets in order to identify problem and improvement areas. Jungheinrich’s commitment to providing its customers with exceptional service has made this partnership a wonderful success. We are excited to build on the partnership’s momentum by introducing product offerings that will open up new opportunities for Jungheinrich.”

About Powerfleet

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.

About Jungheinrich

Founded in 1953, Jungheinrich ranks among the world’s leading solutions providers for the intralogistics sector. With a comprehensive portfolio of material handling equipment, automatic systems and services, Jungheinrich is able to offer customers tailored solutions for the challenges posed by Industry 4.0. The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and in approximately 80 other countries through partner companies. Jungheinrich employs 18,000 people worldwide and generated Group revenue of €4.07 billion in 2019. The Jungheinrich share is listed on the SDAX.

Powerfleet Launching New Updates to Powerfleet Expert Suite

Updates Expand Current Product Offering with New OC55 and OC59 Devices

WOODCLIFF LAKE, N.J., March 09, 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, has announced significant updates to its Powerfleet Expert suite with the additions of OC55 and OC59. OC55 is set to launch this month and OC59 will be available later in the year.

The OC55 combined with the Powerfleet Expert software enables industrial truck fleet management to bolster safety practices and increase visibility for better asset management. The OC55 has been designed to ensure that pallet jacks, boom lifts, scissor lifts, sweeper/scrubber and other material handling equipment are used by authorized operators while meeting HSE regulation compliance.

With the OC55 and Powerfleet Expert, customers can simplify asset maintenance management, optimize labor resources and turn actionable data into results to reduce costs. The OC55 ensures users efficiently maintain OSHA compliance with intuitive automated checklists, decreases potential damage through impact reporting, and drives a culture of safety that helps to reduce costs. Additionally, the OC55 requires an RFID employee card or numeric code for operation, ensuring that no unauthorized users use assets they are not qualified to operate.

The OC59 will offer all the benefits of the OC55 but with cellular communication and GPS, so customers can experience the benefits of Powerfleet Expert solutions on material handling equipment used outside without requiring Wi-Fi connectivity.

“The technologies used for fleet and warehouse management have become business critical for the success of our clients,” explains Powerfleet for Industrial General Manager, Mark Stanton. “The OC55 and OC59 additions to our Powerfleet Expert suite will not only help future proof their operations, but also ensure better reliability and safety in the way material handling equipment is used.”

I.D. Systems Ships First Shipments Under Jungheinrich AG Global Technology Agreement

Grows I.D. Systems European Sales by 80%

WOODCLIFF LAKE, N.J., Sept. 24, 2019 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, announced today that it received initial orders from Jungheinrich after successfully delivering on all development milestones.

Per the technology partnership agreement that was announced at the beginning of this year, I.D. Systems worked with Jungheinrich to develop a highly integrated telemetry platform for Jungheinrich vehicles combined with sophisticated fleet management software. This technology partnership will power-up Jungheinrich customers’ ability to run safer, more cost-effective intralogistics operations.

“Our two organizations worked diligently over the past several months to beat all development milestones, train the Jungheinrich sales team and build a strong partnering foundation,” said Mark Stanton, GM of Powerfleet for Industrial. “We view our relationship as a long-term partnership and are committed to co-developing next generation platforms with Jungheinrich and delivering the highest quality telematics products and most advanced fleet management systems in the world.”

“It’s great when a vision, combined with a plan of action and great execution help that vision become reality,” said Frank Marschatz, Service Director at Jungheinrich. “We at Jungheinrich are excited to offer our customers solutions that quickly and accurately monitor utilization, vehicle maintenance, damage, and safety compliance to accurately identify problem and improvement areas. Jungheinrich will also use the system to enhance their Material Handling Equipment maintenance and service.”

“Our technical, sales, service and support teams in EMEA have been working with Jungheinrich on many customer projects over the years and we are excited to assist Jungheinrich with their successful roll-out of their new platform,” said Ute Filippone, Business Manager EMEA for I.D. Systems.

To learn more about I.D. Systems, visit www.powerfleet.com/.

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, trailers, containers, and cargo. The company’s acquisition of Pointer Telocation (TASE: PNTR) is expected to occur in October 2019. Upon the closing of the acquisition, the combined company will be renamed Powerfleet ® Inc (NASDAQ: PWFL) and will operate as 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 will be headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. The Company’s patented technologies will continue to address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, visit www.powerfleet.com.

About Jungheinrich

Founded in 1953, Jungheinrich ranks among the world’s leading providers of intralogistics solutions. With a comprehensive portfolio of material handling equipment, logistics systems and services, Jungheinrich is able to offer customers customized solutions for the challenges posed by Industry 4.0. The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and around 80 other countries through partner companies. Jungheinrich employs around 18,000 people worldwide and generated Group revenue of €3.4 billion in 2017. The Jungheinrich shares are listed on the SDAX.

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 I.D. Systems’ 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 I.D. Systems’ 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 are statements that 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 loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ 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 I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2018. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, I.D. Systems. Unless otherwise required by applicable law, I.D. Systems assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

I.D. Systems and Jungheinrich AG Sign Global Technology Agreement

Companies Team On Multi-year, Fleet Management Technology Partnership

I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, announced today a multi-year fleet management system agreement covering several thousand units with Jungheinrich AG (OTCMKTS: JGHAF), a leading solution provider in intralogistics.

Jungheinrich will leverage I.D. Systems’ Powerfleet technologies to track and manage forklift fleets for their customers. Through this partnership, Jungheinrich will combine its world-class expertise with the industry leading telemetry capabilities of I.D. Systems to offer the best choice of digital products on their Material Handling Equipment. This technology partnership will provide Jungheinrich customers with an enhanced ability to reduce overhead costs, improve safety and compliance, and streamline operations.

“We are thrilled to be partnering with Jungheinrich, one of the world’s most successful intralogistics companies,” said I.D. Systems CEO Chris Wolfe. “This is a long-term partnership and commitment to Jungheinrich and their global customer base to provide current and next generation fleet management technologies matched to their specific equipment and operational requirements.”

“The Powerfleet feature set and technologies from I.D. Systems and their expertise in forklift telematics will enhance our ability to provide a selection of world class digital solutions for our customers when it comes to intralogistics,” said Frank Marschatz, Service Director at Jungheinrich.

By leveraging data streams from vehicles, Jungheinrich will be able to organize it into meaningful visualizations, and powerful analytics for its customers. Jungheinrich customers will be able to quickly and accurately monitor utilization, damage, and safety compliance to accurately identify problem areas. Jungheinrich will use the system to enhance Material Handling Equipment maintenance and service.

“During past projects, we found our companies working very well together in their determination to achieve the best possible solution for customers by employing cutting edge technology, and we are excited to be able to do so now on a much broader perspective,” said Ute Filippone, Business Manager EMEA for I.D. Systems.

To learn more about I.D. Systems, visit www.powerfleet.com/.

About I.D. Systems
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, trailers, containers, and cargo. The Company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, visit www.powerfleet.com.

About Jungheinrich
Founded in 1953, Jungheinrich ranks among the world’s leading providers of intralogistics solutions. With a comprehensive portfolio of material handling equipment, logistics systems and services, Jungheinrich is able to offer customers customized solutions for the challenges posed by Industry 4.0. The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and around 80 other countries through partner companies. Jungheinrich employs around 18,000 people worldwide and generated Group revenue of €3.4 billion in 2017. The Jungheinrich shares are listed on the SDAX.

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 I.D. Systems’ 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 I.D. Systems’ 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 are statements that 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 loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ 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 I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2017. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, I.D. Systems. Unless otherwise required by applicable law, I.D. Systems assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

I.D. Systems Contacts:
Ned Mavrommatis, CFO
ned@id-systems.com
+1-201-996-9000
Ute Filippone, Business Manager EMEA & UK
ufilippone@id-systems.com
+49 211 310 5454 60

I.D. Systems’ New Industrial Truck Telematics Solution Wins Prestigious Industry Award

Representing the first product launched under the Powerfleet division of I.D. Systems, Powerfleet Essence Wins Material Handling Product News Readers’ Choice Products of the Year Awards

WOODCLIFF LAKE, N.J., Jan. 15, 2019 (GLOBE NEWSWIRE) — I.D. Systems, Inc.(NASDAQ:IDSY), a leading provider of enterprise asset management technology, was chosen as a winner of Material Handling Product News (MHPN) fourth-annual Readers’ Choice Products of the Year Awards for Powerfleet Essence; the company’s new class of industrial truck telematics platforms aimed at small to medium-sized fleets.

The prestigious award honors the achievements of companies for advancements in materials handling systems and equipment within manufacturing, distribution centers and warehouses. Companies were invited to submit their products, and nearly 3,000 MHPN readers decided the winners in 12 categories, and Powerfleet Essence won the Automatic Data Capture category. Powerfleet Essence consists of the OC53 operator console mounted on the industrial truck and the Powerfleet Control Center app downloaded to an iPad or iPhone. The system communicates using a Bluetooth direct connection, so it does not require complicated IT support or Wi-Fi networking. This same platform can also secure and track construction heavy equipment.

“This award is a testament to the quality products we are developing for the industrial truck market segment,” stated Mark Stanton, Vice President and General Manager of I.D. Systems’ Powerfleet division. “We have already seen a surge in early adoption and inquiries, and this new offering increases our target market from 2 million to over 10 million forklifts world-wide.”

Powerfleet Essence is a new class of industrial truck telematics platforms aimed at small to medium-sized fleets used in manufacturing, distribution, logistics and retail centers. The system ensures site managers know that only certified operators are using their equipment, when they have completed required safety inspections, and how their equipment is operated to reap the savings of safer industrial truck operations. The system is particularly suited for installations previously hindered by cost, complexity, IT networking and integration requirements.

Physical installation of the OC53 hardware is simplified. Communication with the Powerfleet Control Center application works out-of-the-box. Data is collected automatically while in range of any app-enabled Bluetooth device and then displayed and managed in an intuitive Control Center app.  Powerfleet Essence can also be configured to support different languages. Initial support includes English, Spanish, French and German.

For more information, visit: https://www.Powerfleetoc53.com.

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Florida, Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, trailers, containers, and cargo. The Company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, please visit www.powerfleet.com.

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 I.D. Systems’ 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 I.D. Systems’ 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 are statements that 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 loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ 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 I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2016. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, I.D. Systems. Unless otherwise required by applicable law, I.D. Systems 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.

 

I.D. Systems Contact
Ned Mavrommatis, CFO
ned@id-systems.com
(201) 996-9000

Investor Contact
Liolios for I.D. Systems
Matt Glover
IDSY@liolios.com
(949) 574-3860

Media Contact
Jacobson Strategy for I.D Systems
Molly Jacobson
molly@jacobsonstrategy.com
(850) 980-2793

January 15, 2019 / PDF Version

I.D. Systems Introduces Powerfleet Essence, a New Industrial Truck Telematics Solution Aimed at Small and Medium Sized Manufacturing, Distribution and Retail Installations

Representing the first product launched under the Powerfleet division of I.D. Systems, Powerfleet Essence offers the perfect balance of features and cost to address forklift fleet access control, safety and electronic record keeping in even the smallest fleets

WOODCLIFF LAKE, N.J., Oct. 18, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology, has announced the launch of Powerfleet Essence, a new class of industrial truck telematics platforms aimed at small to medium sized fleets used in manufacturing, distribution, logistics and retail centers. Powerfleet Essence is being introduced at the National Safety Council Congress and Expo in Houston, Texas on October 22-24 and will be commercially available, in volume, in early November.

Powerfleet Essence offers an ideal blend of size, ease of installation, ease of use, management and value. Powerfleet Essence is particularly suited for installations previously hindered by cost, complexity, IT networking and integration requirements. The Powerfleet Essence consists of the OC53 operator console mounted on the industrial truck and the Powerfleet Control Center app downloaded to an iPad or iPhone. The system communicates using a Bluetooth direct connection, so it does not require complicated IT support or Wi-Fi networking. This same platform can also secure and track construction heavy equipment.

Physical installation of the OC53 hardware is simplified. Communication with the Powerfleet Control Center application works out-of-the-box, and industrial truck data is collected automatically while in range of any app-enabled Bluetooth device, then displayed and managed in the intuitive, “self-service” Powerfleet Control Center app. As an added bonus, Powerfleet Essence can be configured to support different languages to simplify operator comprehension, adoption and action. Initial support includes English, Spanish, French and German.

Powerfleet Essence ensures site managers in warehouse, manufacturing, distribution and retail environments at any scale can know that only certified operators are using their equipment, when they have completed required safety inspections, and how their equipment is operated to reap the savings of safer industrial truck operations. Peace of mind at an affordable price – that’s Powerfleet Essence.

“Powerfleet Essence marks a true leap forward to making telematics available for every fleet, regardless of size, budget or technical sophistication,” stated Mark Stanton, Vice President and General Manager of I.D. Systems’ Powerfleet division. “There are more than 10 million industrial trucks globally, and the vast majority are in mid-to-small fleets. As a solution designed for this underserved market, Powerfleet Essence hits the opportunity head on.”

“With Powerfleet Essence, we are excited to be launching the first of many leading telematics innovations under the new Powerfleet banner,” added Stanton. “With the addition of Powerfleet Essence to I.D. Systems’ offerings, we have the right price/performance telematics solutions for customers of any size and budget.”
For more information, visit: www.Powerfleetoc53.com

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Florida, Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, trailers, containers, and cargo. The Company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, please visit www.powerfleet.com.

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 I.D. Systems’ 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 I.D. Systems’ 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 are statements that 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 loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ 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 I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2016. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, I.D. Systems. Unless otherwise required by applicable law, I.D. Systems 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.