PowerFleet Investor Relations Material
PowerFleet, Inc., together with its subsidiaries, provides wireless Internet of Things (IoT) and machine to machine (M2M) solutions for securing, controlling, tracking, monitoring, and managing high-value enterprise assets in the railcar leasing and industrial equipment markets in the United States, Israel, and internationally. It offers hardware, including sensors and electronic devices; software; connectivity platforms comprising interface applications that allow fleets to track assets; and PowerFleet enterprise platform/application suite that provides customer-configurable alerts/alarms on asset conditions. The company also provides PowerFleet AIR advance inspection reporting system product. In addition, it offers GPS and cellular technology-enabled equipment management services that enable its customers to manage their equipment assets through a Web portal. As of December 31, 2019, it had approximately 32 million subscribers connected to its network powered by Verizon. The company was founded in 1993 and is based in Rutherford, New Jersey.
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