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Powerfleet Ranked by ABI Research as One of the 7 Most Innovative Global Tech Companies
Prnewswire· 2025-07-21 12:00
Core Insights - Powerfleet, Inc. has been recognized as one of ABI Research's Most Innovative Technology Companies of 2025, specifically as the top innovation leader in AIoT for Supply Chain operations [1][2] - This accolade highlights Powerfleet's position at the forefront of data-driven digital transformation globally, alongside other notable companies in various tech sectors [3][4] Company Recognition - ABI Research's recognition is exclusive, awarded to only one standout innovator in each of seven technology sectors, emphasizing the significance of Powerfleet's achievement [1][3] - The recognition builds on Powerfleet's earlier accolade where its Unity platform was named the 1 global AIoT solution portfolio [4][5] Innovation and Execution - The evaluation by ABI Research confirms the Unity platform's capabilities in delivering rapid ROI, enterprise-grade modularity, and device-agnostic connectivity, which are essential for large-scale digital transformation [5][6] - Powerfleet's Chief Innovation Officer highlighted that this recognition reflects the trust large global brands place in Powerfleet for their digital transformation needs [6] Company Overview - Powerfleet is a leader in AI-powered data solutions that enhance mobile asset performance, safety, and sustainability, serving 48,000 customers across 120 countries [7]
Powerfleet Secures Landmark Deal with SIXT Mexico to Deploy Unity's AIoT Capabilities to Drive Digitally Connected Vehicle Rental Operations
Prnewswire· 2025-07-15 18:29
Core Insights - Powerfleet, Inc. has been selected by SIXT Mexico to modernize its on-road operations using Unity's AIoT-powered data intelligence, which will enhance control and efficiency across a multi-thousand vehicle deployment [1][2][3] Company Overview - Powerfleet is a leader in AI-powered data solutions, optimizing mobile asset performance, safety, and sustainability, serving 48,000 customers in 120 countries [5] - SIXT Mexico is a national subsidiary of a global vehicle rental company, recognized for innovation and high-quality service, operating in over 100 countries [4] Partnership Details - The multi-year engagement with SIXT Mexico highlights the increasing demand for AIoT solutions and aims to address operational challenges while driving cost reductions [2][3] - The partnership emphasizes a shift from reactive to proactive management through AI-powered control, enhancing efficiency and accountability [3][4] Technological Impact - Powerfleet's Unity SaaS platform will provide SIXT Mexico with advanced data capabilities, enabling customer-led growth and market expansion [3] - The deployment will facilitate automated security, operational accountability, and insights into fuel and energy management [6]
Powerfleet Provides Business Update Ahead of Upcoming Craig-Hallum and William Blair Conferences
Prnewswire· 2025-05-23 11:00
Core Viewpoint - Powerfleet, Inc. reported strong preliminary financial results for fiscal year 2025, with significant growth in adjusted EBITDA and total revenue, while providing a tempered outlook for fiscal year 2026 due to external macroeconomic factors [2][4][5]. Fiscal Year 2025 Results - Powerfleet achieved a 65% growth in adjusted EBITDA and a 25% increase in total revenue, including 7% organic growth in its core business [2][6]. - Total revenue for fiscal year 2025 is expected to be approximately $362.5 million, aligning with previous guidance [6]. - Adjusted EBITDA is projected to be around $71 million, reflecting a 65% year-over-year growth [6]. - The company realized $16 million in annual cost synergies, with $11 million recognized within the fiscal year [6]. Fiscal Year 2026 Outlook - For fiscal year 2026, Powerfleet anticipates total revenue growth in the range of 20% to 25%, with a revenue base of $352.5 million [7]. - Adjusted EBITDA growth is expected to be between 45% and 55% [7]. - The company acknowledges external headwinds, including tariff-related pressures and extended customer decision cycles, which complicate precise guidance for FY26 [3][4]. Strategic Initiatives - Powerfleet is focused on scaling key growth drivers such as Unity and indirect channels, with strong demand and increasing cross-sell activity [4][5]. - The company emphasizes the competitive advantage and monetization potential of Unity's device-agnostic platform, which is crucial for unifying customer operations [5].
Powerfleet to Attend the 20th Annual Needham Technology, Media, & Consumer Conference
Prnewswire· 2025-05-02 12:00
Group 1 - Powerfleet, Inc. is scheduled to attend the 20th Annual Needham Technology, Media, & Consumer 1x1 Conference on May 8th to discuss business changes driven by data insights [1] - The company is recognized as a global leader in AI-powered data solutions that enhance mobile asset performance, safety, and sustainability [2] - Powerfleet serves 48,000 customers across 120 countries, providing data-driven intelligence to improve safety, efficiency, and workforce productivity [2] Group 2 - Powerfleet Unity's cloud-based applications utilize advanced AI, machine learning, and IoT connectivity for critical insights in industrial, logistics, and transportation sectors [2]
Powerfleet to Present at the 37th Annual Roth Conference
Prnewswire· 2025-03-12 12:00
Core Insights - Powerfleet, Inc. is scheduled to present at the 37th Annual Roth Conference on March 18th at 8:00am ET, focusing on its business transformation through data insights [1] - The company will engage with investors to discuss its strategies for supporting customers' digital evolution [1] Company Overview - Powerfleet (Nasdaq: AIOT) is a global leader in AI-powered data solutions aimed at optimizing mobile asset performance, safety, and sustainability [2] - The company's cloud-based applications utilize advanced AI, machine learning, and IoT connectivity to deliver critical insights across various sectors including industrial, logistics, and transportation [2] - Powerfleet serves 48,000 customers in 120 countries, providing data-driven intelligence to enhance safety, efficiency, and workforce productivity [2]