WOODCLIFF LAKE, N.J., Jan. 10, 2025 /PRNewswire/ — Powerfleet, Inc. (Nasdaq: AIOT) today announced that management is scheduled to present at the 27th Annual Needham Growth Conference on Tuesday, January 14th at 4:30pmET and meet with investors to discuss how Powerfleet is enacting meaningful business change through effective data insights for its customers and underpinning their digital transformations.  

The link to the live webcast of the Company’s presentation will be available by visiting Powerfleets website at https://ir.powerfleet.com/events-presentations/events.

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. With more than 30 years of experience, 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).

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

Powerfleet Media Contact
Jonathan Bates
jonathan.bates@powerfleet.com
+44 7921 242 892

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SOURCE Powerfleet

Prestigious Annual IoT Breakthrough Awards Program Recognizes Standout Internet-of-Things Companies and Products

ATLANTA, Jan. 10, 2025 /PRNewswire/ — KORE, a global leader in Internet of Things (“IoT”) Solutions and pioneering IoT hyperscaler, and provider of IoT Connectivity, Solutions and Analytics, today announced that their In-Vehicle Video solution has been selected as winner of the “Connected Car Product of the Year” award in the 9th annual IoT Breakthrough Awards program conducted by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet-of-Things (IoT) market today.

KORE offers a comprehensive set of solutions that deliver continuous and detailed visibility into fleet operations for fleet managers. KORE In-Vehicle Video (IVV), including IoT dash cams and supporting AI technology, leverages the latest in high-quality video technologies to improve driver behavior and increase driver productivity.

KORE IVV also empowers organizations to establish accident fault and facilitate timely and effective driver coaching via a centralized platform that tracks and visually monitors the fleet. Continuous video streams are captured for vehicles with live streaming from multiple cameras at once with infrared sensors for night vision, and event-based video snapshots are captured when triggered on a vehicle’s route. Videos can also be accessed remotely to either stream or download without having to physically access the vehicle.

The platform’s AI feature can monitor fatigue as well as distracting behaviors such as texting while driving, smoking, and cellphone usage, and alerts are sent out to headquarters upon detection. These alerts can then be used to coach drivers enabling them to make better, safer choices while operating company vehicles. Proof of an in-vehicle video system helps to reduce collision frequency and, as a result, insurance costs. KORE’s video-enabled safety features reduce the risk of an at-fault accident. Fleet managers can also measure how vehicles are being used and how drivers are performing against contextual data to plan targeted training.

“It’s an honor to receive this award from IoT Breakthrough, especially with all the work our team has put into developing solutions that fit the needs of fleets of all sizes. Our technology was built to help our customers improve driver behavior, reduce insurance costs, and enhance the safety of their fleets,” said Ron Totton, President and CEO of KORE.  “KORE’s In-Vehicle Video Solution also comes with connectivity offerings, and a full support team to help our customers defend innocent drivers, potentially reduce insurance premiums, and accelerate the insurance claims process with high-definition video evidence.”

The mission of the IoT Breakthrough Awards program is to conduct the industry’s most comprehensive analysis of the global Internet-of-Things industry and then recognize the ‘breakthrough’ innovators, leaders and visionaries in a broad range of IoT categories, including Industrial and Enterprise IoT, Smart City technology, IoT Security, Connected Home and Home Automation, Connected Car, and many more. This year’s program attracted thousands of nominations from companies all over the world.

“KORE is helping to save both lives and money. The annual accident rate for commercial fleets is approximately 20%, meaning one in five vehicles will be part of a collision, compromising safety and crippling businesses financially. Though in-vehicle video can help, adopting it has been a challenge due to the demands of multiple systems and requirements,” said Steve Johansson, managing director at IoT Breakthrough. “KORE IVV leverages the latest technology to improve driver behavior, increase productivity as well as empower organizations to establish accident fault and facilitate effective driver coaching. We’re so pleased to recognize KORE with the ‘Connected Car Product of the Year’ award!”

KORE’s turn-key solution simplifies remote tracking, monitoring, and management of vehicles and drivers by eliminating costly integrations and configurations. The solution includes a robust fleet management application, managed network connectivity from Tier 1 cellular operators, and support for advanced vehicle tracking devices from leading manufacturers.

About KORE
KORE is a pioneer, leader, and trusted advisor delivering mission-critical IoT solutions and services. We empower organizations of all sizes to improve operational and business results by simplifying the complexity of IoT. Our deep IoT knowledge and experience, global reach, purpose-built solutions, and deployment agility accelerate and materially impact our customers’ business outcomes. For more information, visit www.korewireless.com.

About IoT Breakthrough
Part of the Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the IoT Breakthrough Awards program is devoted to honoring excellence in Internet-of-Things technologies, services, companies and products. The IoT Breakthrough Awards program provides a forum for public recognition around the achievements of IoT companies and products in categories including Connected Home and Home Automation, Connected Car, Industrial IoT (IIoT) and Smart City, Consumer IoT and more. For more information visit IoTBreakthrough.com.

Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

Media Contact:

Stephen Rana
Senior Content Marketing Manager
sbell@korewireless.com 

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SOURCE KORE

HONG KONG, Jan. 10, 2025 /PRNewswire/ — Nano Labs Ltd (Nasdaq: NA) (“we,” the “Company,” or “Nano Labs“), a leading fabless integrated circuit design company and product solution provider in China, today announced that the Company through Nano bit HK Limited (“Nano bit”), its wholly-owned subsidiary, entered into a partnership (the “Partnership”) with BitFi, a leading cryptocurrency asset management platform, jointly developing innovative Bitcoin asset management solutions. The Partnership marks a new chapter in Nano Labs’ global technological innovation and strategic ecosystem development.

As part of this strategic initiative, Nano Labs agrees to adopt Bitcoin as a long-term strategic reserve asset, with Nano bit responsible for the management and operation of these assets. BitFi, serving as the Company’s professional partner, agrees to provide comprehensive solutions, including asset custody, quantitative management, and value-enhancing strategies, to ensure the security and profitability of such reserve assets.

The Partnership not only signifies a new phase in Nano Labs’ strategic engagement with the Bitcoin ecosystem but also underscores BitFi’s technical expertise and leadership in cryptocurrency asset management. By leveraging their complementary strengths, the two companies aim to advance the development of the Bitcoin ecosystem and drive sustainable growth across the industry.

About Nano Labs Ltd

Nano Labs Ltd is a leading fabless integrated circuit (“IC”) design company and product solution provider in China. Nano Labs is committed to the development of high throughput computing (“HTC”) chips, high performance computing (“HPC”) chips, distributed computing and storage solutions, smart network interface cards (“NICs”) vision computing chips and distributed rendering. Nano Labs has built a comprehensive flow processing unit (“FPU”) architecture which offers solution that integrates the features of both HTC and HPC. Nano Lab’s Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company’s website at: ir.nano.cn.

* According to an industry report prepared by Frost & Sullivan.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company’s plan to appeal the Staff’s determination, which can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Such statements are based upon management’s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor inquiries, please contact:

Nano Labs Ltd
ir@nano.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

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SOURCE Nano Labs Ltd