Powerfleet Launches Advanced AI Video SaaS Solution with TELUS, Amplifying North American Growth Drive

Powerfleet (NASDAQ: TU) launched Vision 360 Plus, an AI-powered multi-camera 360° video SaaS solution on April 27, 2026, and announced a North American distribution partnership with TELUS.

Rhea-AI Summary

Powerfleet (NASDAQ: TU) launched Vision 360 Plus, an AI-powered multi-camera 360° video SaaS solution on April 27, 2026, and announced a North American distribution partnership with TELUS. The offering targets enterprise and mid-market fleets to improve driver safety, visibility, and recurring SaaS revenue through channel scale and Unity platform integration.

The collaboration pairs TELUS connectivity and distribution with Powerfleet's AI video technology to accelerate adoption, customer retention, and recurring revenue expansion across North America.

Positive

• Launch of Vision 360 Plus AI video SaaS for multi-camera 360° coverage
• Strategic distribution partnership with TELUS to scale North American reach
• Targeted expansion into enterprise and mid-market recurring SaaS customers
• Emphasis on driver safety, risk reduction, and Unity platform engagement

Negative

• Revenue impact and timelines for Vision 360 Plus were not quantified
• Commercial success depends on TELUS distribution and connectivity execution

Argus Apr 27 session

-1.38% close to close Open Argus

Details

News Market Reaction – TU

On Apr 27, the day this news came out, TU closed 1.38% below the previous close.

Data tracked by StockTitan Argus for the Apr 27 session.

Key Figures

Customer connections: more than 20 million Camera coverage: 360° coverage

Customer connections

more than 20 million

TELUS connectivity and distribution scale noted in partnership

Camera coverage

360° coverage

Vision 360 Plus AI-powered multi-camera safety solution

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Key Terms

aiot, saas, predictive risk management

3 terms

aiot technical

"a global leader in the artificial intelligence of things (AIoT) SaaS mobile asset industry"

AIoT combines artificial intelligence with internet-connected physical devices so machines can collect data, learn from it, and act without human direction — for example, sensors that spot patterns and adjust settings automatically. Investors care because AIoT can boost a company's revenue and cut costs by enabling new services, recurring data subscriptions and automation, while also bringing scale, competitive edge and risks around privacy, regulation and upfront hardware investment.

saas technical

"high-value AI video SaaS capabilities and strengthens recurring revenue opportunities"

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

predictive risk management technical

"extending customer value with enhanced visibility and predictive risk management"

Predictive risk management uses data, historical patterns, and statistical tools to forecast potential problems—like credit defaults, supply disruptions, or regulatory fines—before they occur, so a company can act to reduce their impact. For investors it matters because it helps companies avoid surprise losses, allocate capital more efficiently, and signal how well management anticipates trouble; think of it as a weather forecast that lets a business pack an umbrella before the storm.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Enterprise and mid-market launch expands high-value AI video SaaS capabilities and strengthens recurring revenue opportunities.

WOODCLIFF LAKE, N.J., April 27, 2026 /PRNewswire/ -- Powerfleet (Nasdaq: AIOT), a global leader in the artificial intelligence of things (AIoT) SaaS mobile asset industry, announced today the launch of Vision 360 Plus, an AI-powered video multi-camera 360° coverage solution designed to enhance operational visibility and driver safety.

In partnership with TELUS, a global communications technology leader serving more than 20 million customer connections, Powerfleet is expanding the reach of its high-value AI video SaaS offering across North America. The collaboration combines TELUS' connectivity and distribution scale with Powerfleet's AI-driven Unity video solutions, accelerating adoption and recurring SaaS revenue growth among enterprise and mid-market operators.

"Our partnership with TELUS represents a meaningful growth driver and reinforces our strategy to scale high-margin, AI-powered SaaS solutions through strong channel partnerships," said Steve Towe, Chief Executive Officer of Powerfleet. "As customers increasingly prioritize safety, risk reduction, and operational intelligence, Vision 360 Plus delivers advanced safety customer value and supports long-term revenue expansion."

Vision 360 Plus addresses critical safety and operational challenges, including blind spots and limited visibility - key contributors to collisions and claims - by delivering multi-camera 360° coverage and AI-driven protection. The solution enables fleet operators to reduce risk, improve driver performance, and drive coaching workflows, further strengthening customer expansion, retention, and Unity platform engagement.

"At TELUS, we are committed to delivering innovative solutions that help our customers. Our partnership with Powerfleet enables us to bring advanced AI-driven capabilities like Vision 360 Plus to market, extending customer value with enhanced visibility and predictive risk management," said Jodi Baxter, VP Product & Services for TELUS.

The launch underscores Powerfleet's continued execution of its growth strategy, expanding its AIoT SaaS platform, deepening strategic partnerships, and delivering solutions that drive increased customer lifetime value and recurring revenue growth.

ABOUT POWERFLEET
Powerfleet (Nasdaq: AIOT; JSE: PWR) is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry. Powerfleet unifies business operations through the ingestion, harmonization, and integration of data, irrespective of source, and delivers actionable insights to help companies save lives, time, and money. Powerfleet's ethos transcends our data ecosystem and commitment to innovation; our people-centric approach empowers our customers to realize impactful and sustained business improvement. The company is headquartered in New Jersey, United States, with offices around the globe. Explore more at www.powerfleet.com. Powerfleet has a primary listing on The Nasdaq Global Market and a secondary listing on the Main Board of the Johannesburg Stock Exchange (JSE).

ABOUT TELUS
TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company, generating over $20 billion in annual revenue and connecting more than 20 million customers through advanced broadband services. Committed to leveraging technology for meaningful human impact, TELUS is a leader in digital transformation across healthcare, agriculture, and enterprise connectivity. Learn more at www.telus.com.

Powerfleet Investor Contacts
Carolyn Capaccio and Jody Burfening
Alliance Advisors IR: AIOTIRTeam@allianceadvisors.com

Powerfleet Media Contact
Jonathan Bates: jonathan.bates@powerfleet.com

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SOURCE Powerfleet

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Powerfleet (TU) announcing with Vision 360 Plus on April 27, 2026?

Powerfleet announced Vision 360 Plus, an AI multi-camera 360° video SaaS solution for fleets. According to the company, the product combines AI-driven video and Unity platform features to improve visibility, driver safety, coaching workflows, and recurring SaaS engagement among enterprise and mid-market operators.

How does the TELUS partnership affect Powerfleet (TU) go-to-market plans?

The TELUS agreement expands Powerfleet distribution and connectivity across North America. According to the company, TELUS provides scale in connectivity and channel reach intended to accelerate adoption of Vision 360 Plus and support recurring revenue growth among enterprise and mid-market customers.

What investor-relevant benefits does Vision 360 Plus offer for Powerfleet (TU)?

Vision 360 Plus targets higher-margin recurring SaaS revenue through multi-camera AI video services. According to the company, benefits include improved customer retention, expanded Unity platform engagement, and new safety-driven upsell opportunities for enterprise and mid-market fleets.

Does Powerfleet (TU) provide financial guidance tied to the Vision 360 Plus launch?

No specific revenue or timing guidance was provided alongside the launch announcement. According to the company, the launch focuses on scaling adoption via TELUS distribution rather than publishing near-term quantified financial projections in this release.

Which fleets and use cases is Powerfleet (TU) targeting with Vision 360 Plus?

Powerfleet is focusing on enterprise and mid-market fleet operators needing enhanced visibility and driver safety. According to the company, the solution addresses blind spots, collision contributors, driver coaching workflows, and risk-reduction use cases to drive operational intelligence.