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Freight Technologies Releases Pro Forma Financial Statements for JAK Solar Acquisition
Globenewswire· 2026-03-19 21:50
Core Viewpoint - Freight Technologies, Inc. has completed the acquisition of JAK Solar Loans 1 Limited, which is expected to enhance its asset base and contribute to recurring cash flows over time [5]. Financial Information - The unaudited pro forma financial statements include a balance sheet as of September 30, 2025, and statements of operations for the nine months ended September 30, 2025, and the year ended December 31, 2024 [2]. - The pro forma financial statements are prepared as if the acquisition had occurred on January 1, 2024, for the statements of operations and on September 30, 2025, for the balance sheet [2][3]. Company Overview - Freight Technologies, Inc. is a logistics management innovation company that offers a diverse portfolio of technology-driven solutions, including AI and machine learning applications to optimize supply chain processes [6]. - The company's solutions include Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients, Waavely for ocean freight booking, Fleet Rocket for transportation management, and Zayren.ai for pricing prediction and carrier matching [6].
Freight Technologies Completes ISO 9001:2015 Annual Audit
Globenewswire· 2026-02-20 14:00
Core Insights - Freight Technologies, Inc. has successfully completed its first annual ISO 9001:2015 surveillance audit, reaffirming its commitment to quality assurance and continuous improvement in logistics services and transportation of goods in North America [1][2][4] Group 1: ISO Certification - The company has achieved ISO 9001:2015 certification for both its Mexico and US entities, validating its implementation of a Quality Management System (QMS) aimed at ensuring consistent service excellence [2][4] - ISO 9001:2015 is a globally recognized standard for quality management systems, providing a framework for enhancing operational efficiency and customer satisfaction [3] Group 2: Company Vision and Commitment - CEO Javier Selgas emphasized that the successful completion of the certification's annual audit represents a promise to clients for continued service excellence and innovation in the freight technology marketplace [5] - The achievement of ISO 9001:2015 certification for the second consecutive year aligns with the company's vision to revolutionize freight logistics through advanced technology and customer-focused solutions [5] Group 3: Company Overview - Freight Technologies offers a diverse portfolio of technology-driven solutions, including the Fr8App platform for cross-border shipping, Fr8Now for less-than-truckload shipping, and Zayren.ai, an AI-based pricing-prediction tool [6] - The company's interconnected solutions aim to optimize and automate the supply chain process, significantly improving operational efficiency through innovative technologies [6]
Freight Technologies Announces Two-Year Fleet Rocket Agreement with Marksman
Globenewswire· 2026-02-19 14:00
Core Insights - Freight Technologies, Inc. (Fr8Tech) has entered a two-year agreement with Marksman XBF Holding Group to license its Fleet Rocket Transportation Management System (TMS) software platform [1][3] - Marksman specializes in cross-border freight agency services between the United States and Mexico, focusing on international transportation coordination and shipment execution [2][6] - The agreement will see Marksman implement the Enterprise version of Fleet Rocket, which includes various modules aimed at automating and digitalizing freight agency workflows [3][4] Company Overview - Fr8Tech is an AI-powered logistics technology company that offers a range of proprietary platform solutions designed to optimize and automate supply chain processes [7][8] - The company's portfolio includes Fr8App for B2B cross-border shipping, Fr8Now for less-than-truckload shipping, Fr8Fleet for enterprise clients, Waavely for ocean freight management, and Zayren.ai for pricing prediction and carrier matching [7][8] - Fr8Tech aims to enhance operational efficiency and improve matching between carriers and shippers through its interconnected platform [8] Strategic Implications - The adoption of Fleet Rocket by Marksman indicates a growing demand for integrated platforms that combine automation and AI within logistics operations [5] - The agreement supports Fr8Tech's strategy to expand its software adoption among freight agencies and logistics service providers in the USMCA region, aiming to increase recurring software revenue [5] - Marksman selected Fr8Tech based on its ability to support scalable cross-border freight operations with advanced functionalities, enhancing operational visibility and coordination [5]