PowerFleet Inc. (NASDAQ:Iot) is one of The best little Captech stock with the greatest upside potential. On June 16th, PowerFleet announced an expanded partnership with Everdriven Technologies. Everdriven is increasing the deployment of PowerFleet's advanced AI video safety solutions to enhance student transport in 34 states.
Everdriven currently has a network of over 9,000 drivers completing more than 2 million trips a year. Due to strong interest from district partners, Everdriven will expand its relationship with PowerFleet to around 4,000 subscribers. PowerFleet CEO Steve Towe emphasizes that the growing partnership means an increase in demand for PowerFleet Unity's AI-driven safety solutions in North America, the company's top priority market.
Close-up of a hand reaching out to touch virtual animation shows the power of the company's IoT technology.
CEO of Mitch Bowling, an Everdriven, said the implementation of AI video technology is an advancement in the company's safety protocols. PowerFleet Unity's AI video technology uses ML and computer vision to detect critical events, assess driving behavior, and facilitate real-time intervention.
PowerFleet Inc. (NASDAQ: AIOT) offers internet solutions in the US, Israel and internationally. Everdriven is a prominent provider of alternative student transport across the United States.
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Disclosure: None. This article was originally published Insider Monkey.
