PowerFleet, Inc. (NASDAQ: AIOT) is a global provider of Internet of Things (IoT) solutions and telematics systems designed to improve visibility, security and efficiency of mobile assets. The company’s hardware and software offerings enable real-time tracking and monitoring of fleets, industrial equipment, trailers, cargo and other mission-critical assets. By combining satellite and cellular communications, PowerFleet delivers continuous data on location, utilization, maintenance status and environmental conditions to help organizations optimize operations and reduce costs.
The core product suite includes rugged IoT sensors, GPS tracking devices, on-board diagnostics interfaces and cloud-based asset-management platforms. Customers can access dashboards and mobile apps to review key performance indicators, create automated reports and set alerts for unauthorized movement, low battery, idle time and service needs. Advanced analytics and customizable rule engines allow businesses to enhance safety, streamline workflows, extend asset lifecycles and minimize downtime across the supply chain.
Founded in 1993 as I.D. Systems, PowerFleet completed its initial public offering in 2003 and has since pursued both organic growth and strategic acquisitions to broaden its technology portfolio. In 2019, the company officially rebranded as PowerFleet to reflect its expanded focus on connected-asset intelligence. Over the years, it has forged partnerships with leading equipment manufacturers, rental companies and logistics providers, integrating telematics capabilities into a wide range of machinery from lift trucks and heavy-duty trailers to refrigerated units and intermodal containers.
PowerFleet serves a diverse clientele across North America, Europe, Asia Pacific and Latin America, supporting industries such as transportation, construction, agriculture, oil and gas, and cold chain logistics. Its executive team comprises veterans in IoT engineering, data analytics and operational technology, led by a management group with deep experience in telecommunications, fleet management and enterprise software. Through ongoing innovation and global expansion, PowerFleet aims to deliver comprehensive digital-transformation solutions that empower businesses to monitor assets more effectively and drive measurable improvements in productivity and safety.
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