POWERFLEET INC - Powerfleet appoints Andrew Martin to board of directors

Powerfleet appoints Andrew Martin to board of directors

POWERFLEET, INC.
Incorporated in the United States of America
(File number: 7272486)
Nasdaq share code: PWFL JSE share code: PWR
Tel Aviv Stock Exchange share code: PWFL
ISIN: US73931J1097
LEI 2549007NKEFPYEH4MF81
("Powerfleet" or "company")


POWERFLEET APPOINTS ANDREW MARTIN TO BOARD OF DIRECTORS


WOODCLIFF LAKE, N.J., April 30, 2024 - Powerfleet, Inc. (Nasdaq: PWFL) today announced that Andrew Martin
of Private Capital Management, LLC ("PCM"), one of company's largest shareholders, has joined its board of directors
as an independent member of the board.

Mr. Martin is a Partner and member of the investment research team at PCM, a leading small-cap value manager
headquartered in Naples, Florida. Mr. Martin joined PCM in 2013 from H.I.G. Capital's hedge fund unit, where he was
a senior research analyst for the firm's value-oriented long/short equity fund. Prior to H.I.G. Capital, Mr. Martin worked
at Polen Capital Management, Fine Capital Partners, as well as Credit Suisse First Boston.

"We are excited to welcome Andrew Martin to the Powerfleet board," said Steve Towe, Chief Executive Officer at
Powerfleet. "Andrew's deep understanding of the Powerfleet evolution and experience in increasing shareholder value
will be vital to Powerfleet as we pursue the growth strategy for our newly scaled business and unlock additional value
creation opportunities for our shareholders."

"I am delighted for Andrew to join our new board of directors," added Michael Brodsky, Chairman of Powerfleet's
board. "I am confident he will add valuable perspective to the Powerfleet board."

"As a large shareholder with a long-term position in the company, it is highly energizing to be joining the Powerfleet
board of directors," said Mr. Martin. "I am thrilled to be involved at such an exciting time for the company, just weeks
after the business combination with MiX Telematics Limited ("MiX Telematics"). I look forward to partnering with the
rest of the board, Steve, and his team to help realize the short-term and long-term goals of the business."

Mr. Martin holds an MBA from Columbia Business School. He received his Bachelor of Science in Applied Economics
and Business Management from Cornell University.

ABOUT POWERFLEET
Powerfleet (Nasdaq: PWFL; JSE: PWR; TASE: PWFL) 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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of federal securities laws. Powerfleet's actual
results may differ from its expectations, estimates and projections and consequently, you should not rely on these
forward-looking statements as predictions of future events. Forward-looking statements may be identified by words
such as "expect", "estimate", "project", "budget", "forecast", "anticipate", "intend", "plan", "may", "will", "could",
"should", "believes", "predicts", "potential", "continue", and similar expressions.

These forward-looking statements include, without limitation, Powerfleet's expectations with respect to its beliefs,
plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions and future performance.
Forward-looking statements involve significant known and unknown risks, uncertainties and other factors, which may
cause their actual results, performance or achievements to be materially different from the future results, performance
or achievements expressed or implied by such forward-looking statements. All statements other than statements of
historical fact are statements that could be forward-looking statements. Most of these factors are outside Powerfleet's
control and are difficult to predict. The risks and uncertainties referred to above include, but are not limited to, risks
related to: (i) future economic and business conditions, including the conflict between Israel and Hamas; (ii) integration
of Powerfleet's and MiX Telematics' businesses and the ability to recognize the anticipated synergies and benefits of
the transaction with MiX Telematics; (iii) the loss of any key customers or reduction in the purchase of Powerfleet
products by any such customers; (iv) the failure of the markets for Powerfleet's products to continue to develop; (v) the
negative effects of the transaction with MiX Telematics on the market price of Powerfleet's securities; (vi) Powerfleet's
inability to adequately protect its intellectual property; (vii) Powerfleet's inability to manage growth; (viii) the effects
of competition from a wide variety of local, regional, national and other providers of wireless solutions; and (ix) such
other factors as are set forth in the periodic reports filed by Powerfleet with the Securities and Exchange Commission
("SEC"), including but not limited to those described under the heading "Risk Factors" in its annual reports on Form
10-K, quarterly reports on Form 10-Q and any other filings made with the SEC from time to time, which are available
via the SEC's website at http://www.sec.gov. 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
except as otherwise required by applicable securities law, Powerfleet assumes no obligation, nor does Powerfleet intend
to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances.

Powerfleet Investor Contacts
Carolyn Capaccio and Jody Burfening
LHA Investor Relations
AIOTIRTeam@lhai.com

Powerfleet Media Contact
Andrea Hayton
ahayton@powerfleet.com
+1 (610) 401-1999

April 30, 2024


Sponsor
Java Capital

Date: 30-04-2024 02:00:00
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