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PWFL - PowerFleet Inc
-0.62(-7.18%)9:00:00 PM 1/27/2021
PowerFleet is an American company headquartered in Woodcliff Lake, New Jersey, that produced wireless asset management systems for industrial trucks, rental vehicles, and transportation assets. The company acquired Pointer Telocation LTD on October 3, 2019 and subsequently renamed itself publicly as PowerFleet Inc. I.D. Systems was founded in 1993 by Kenneth S. Ehrman. [1] The company introduced the use of radio frequency identification technology for industrial asset tracking and management. In 1995, I.D. Systems was awarded a $6.6 million contract from U.S. Postal Service to develop and implement a tracking system for test letters and packages. I.D. Systems went public on the NASDAQ in 1999.
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