Powerfleet Unity Named #1 Global Platform & Solution Portfolio in its Market by ABI Research

Rhea-AI Summary

Powerfleet (Nasdaq: AIOT) has been awarded the #1 global ranking for innovation by ABI Research in their assessment of leading commercial solution providers for mobile assets. The company's Unity ecosystem and product portfolio were recognized as the industry's elite solution set, based on comprehensive evaluation criteria including software platform quality, user experience, data management, hardware range, ecosystem openness, and AI implementation.

Powerfleet was also named among the top three global leaders alongside Samsara and Geotab. ABI Research highlighted Unity's extensive platform capabilities and cutting-edge solutions as key factors in positioning Powerfleet as a leading AIoT player. The platform's device-agnostic approach and data harmonization capabilities were specifically praised, along with its distinctive in-warehouse solutions for material handling.

Positive

• Achieved #1 global ranking for innovation from ABI Research
• Recognized among top 3 global leaders alongside established players Samsara and Geotab
• Unity platform praised for device-agnostic capabilities and data harmonization features
• Differentiated by unique in-warehouse solutions for material handling

Negative

• None.

WOODCLIFF LAKE, N.J., Feb. 20, 2025 /PRNewswire/ -- ABI Research, a highly trusted leader in data-driven market intelligence, has awarded Powerfleet (Nasdaq: AIOT), the number one global ranking for innovation in its in-depth and independent assessment of the top ten leading commercial solution providers for mobile assets, judging Powerfleet's Unity ecosystem and product portfolio to be the elite solution set in the industry.

This highly coveted recognition was awarded based on a broad and deep-reaching set of categories for innovation, including quality and comprehensiveness of software platform, user experience, data, hardware range, openness of ecosystem, solution options, portfolio breadth, use of AI, cybersecurity, and scalability.

Powerfleet is honored to receive this recognition amongst its peers in the global AIoT space. Powerfleet is delighted to also be named as one of the three global leaders in the overall assessment, alongside the long-term established industry players Samsara and Geotab, underlining the organization's dramatic transformational evolution.

ABI Research stated that "Powerfleet led the innovation rankings thanks to its extensive Unity platform and the breadth of its cutting-edge solutions, which have helped position it as a leading AIoT player."

Adhish Luitel, Principal Analyst at ABI added: "With Unity as its centerpiece, Powerfleet's highly scalable solutions allow customers to be device agnostic and enable data harmonization - this is a major desire for enterprises worldwide. Additionally, the fact that Powerfleet also offers in-warehouse solutions curated towards material handling is a major differentiator."

Steve Towe, CEO of Powerfleet, commented: "The world #1 innovation award for Unity is a testament to our bold vision and uniquely differentiated strategy. Unity is now independently recognized as the solution portfolio of choice for the industry. Our customers demand a platform that transforms operations at scale, and we're delivering.

"We're only getting started. With our market-leading technology and expanded global footprint, we are deploying Unity's innovative ecosystem worldwide at scale. Put simply, if enterprises are looking for the data intelligence platform that's leading the industry - not following it - Powerfleet Unity is the independently proven number one choice. This recognition underscores and validates the company's accelerated growth investment thesis."

For more information on Powerfleet's Unity products and solution portfolio, visit www.powerfleet.com.

About Powerfleet
Powerfleet (Nasdaq: AIOT) is a global leader in AI-powered data solutions that optimize mobile asset performance, safety, and sustainability. Powerfleet Unity's cloud-based applications leverage advanced AI, machine learning, and IoT connectivity to provide mission-critical insights across industrial, logistics, and transportation sectors. Serving 48,000 customers across 120 countries, Powerfleet empowers businesses with data-driven intelligence to enhance safety, efficiency, and workforce productivity. For more information, visit www.powerfleet.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of federal securities laws. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees and are subject to risks described in Powerfleet's filings with the Securities and Exchange Commission, including but not limited to those described under the heading "Risk Factors" in its most recent transition report on Form 10-KT and quarterly report on Form 10-Q. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those indicated or anticipated by these forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and, unless otherwise required by applicable law, Powerfleet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

Media Contact:
Jonathan Bates, Chief Marketing Officer, Powerfleet
Email: Jonathan.bates@powerfleet.com
Phone: +44 7921 242892

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SOURCE Powerfleet

FAQ

What recognition did Powerfleet (AIOT) receive from ABI Research in February 2024?

Powerfleet received the #1 global ranking for innovation in ABI Research's assessment of commercial solution providers for mobile assets, with its Unity ecosystem being named the elite solution set in the industry.

How does Powerfleet's Unity platform compare to competitors in the AIoT space?

Powerfleet's Unity platform ranks among the top three global leaders alongside Samsara and Geotab, distinguished by its device-agnostic approach, data harmonization capabilities, and unique in-warehouse solutions.

What key features earned Powerfleet (AIOT) the top innovation ranking?

Powerfleet earned the top ranking based on its software platform quality, user experience, data capabilities, hardware range, ecosystem openness, solution options, AI implementation, cybersecurity, and scalability.

What differentiates Powerfleet's Unity platform in the market?

Unity's key differentiators include its device-agnostic approach, data harmonization capabilities, and specialized in-warehouse solutions for material handling, making it unique in the market.