MIX

Powerfleet and MiX Telematics Close Business Combination, Creating New Top-Tier Global AIoT SaaS Provider

Retrieved on: 
Tuesday, April 2, 2024
Software as a service, Growth, Gateway Group, Artificial intelligence of things, William Blair & Company, History, MIX, L.L.C, DLA Piper, Artificial intelligence

"This transformative combination positions Powerfleet as a leading global AIoT SaaS company, setting the stage for accelerated growth in recurring revenues, increased profitability, and expanded avenues for creating shareholder value," said Steve Towe, Powerfleet's Chief Executive Officer.

Key Points: 
  • "This transformative combination positions Powerfleet as a leading global AIoT SaaS company, setting the stage for accelerated growth in recurring revenues, increased profitability, and expanded avenues for creating shareholder value," said Steve Towe, Powerfleet's Chief Executive Officer.
  • "On behalf of the entire board, we are delighted by the successful completion of the business combination between Powerfleet and MiX," shares Michael Brodsky, Chairman of the Powerfleet board.
  • Raymond James and Java Capital acted as financial advisors to MiX Telematics, and DLA Piper LLP (US) and Java Capital acted as legal advisors to MiX Telematics.
  • Gateway Group acted as investor relations advisor to Powerfleet and MiX Telematics.

Powerfleet Reports Full Year 2023 and Fourth Quarter Financial Results

Retrieved on: 
Tuesday, March 12, 2024
Organization, Software as a service, Growth, Artificial intelligence of things, Data science, Ratio, PowerFleet, Acquisition, AI, MIX, Yoy, GAAP, Total, Bookkeeping

WOODCLIFF LAKE, N.J., March 12, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL), reported results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Exited low-quality revenue segments, unprofitable contracts, and non-strategic lines of business, resulting in the shedding of approximately $8 million in annual revenue.
  • Fourth quarter 2023 gross profit included $1.1 million in non-recurring inventory adjustments.
  • See the section below titled "Non-GAAP Financial Measures" for more information about adjusted EBITDA and its reconciliation to GAAP net income (loss).
  • Powerfleet management will discuss these results and business outlook on a conference call today (Tuesday, March 12, 2024) at 8:30 a.m. Eastern time (5:30 a.m. Pacific time).

MIX welcomes two new local scaling medtech companies to its exclusive residency program as it grows the medtech ecosystem in Kitchener

Retrieved on: 
Friday, February 23, 2024
Xchange, Robotics, Engineering, Marketing, Health, Growth, MIX, Gynaecology, Ecosystem, Patient, Acceleration, Velocity, Research, Environment, Pharmaceutical industry

Kitchener, ON, Feb. 23, 2024 (GLOBE NEWSWIRE) -- The Medical Innovation Xchange (MIX) is excited to welcome Hyivy Health and Cobionix as the newest MIX Resident Companies at the MIX headquarters in Kitchener, Ontario.

Key Points: 
  • Kitchener, ON, Feb. 23, 2024 (GLOBE NEWSWIRE) -- The Medical Innovation Xchange (MIX) is excited to welcome Hyivy Health and Cobionix as the newest MIX Resident Companies at the MIX headquarters in Kitchener, Ontario.
  • These two companies have demonstrated significant growth as they help to lead the medtech innovation ecosystem in Waterloo Region and across Ontario.
  • Canadian medtech companies face unique challenges as they develop their products, which often prohibits their growth in Canada.
  • MIX is an ecosystem where fellow medical device companies provide their commercialization experience and infrastructure for companies like ours to rapidly scale.

Powerfleet and MiX Telematics Receive Shareholder Approval for Proposed Business Combination

Retrieved on: 
Wednesday, February 28, 2024
MIX, PowerFleet, Growth, Artificial intelligence of things, Software as a service, Conference

WOODCLIFF LAKE, N.J., Feb. 28, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced they have received shareholder approval on the proposals related to the previously announced business combination between the parties.

Key Points: 
  • WOODCLIFF LAKE, N.J., Feb. 28, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced they have received shareholder approval on the proposals related to the previously announced business combination between the parties.
  • The transaction is expected to close the first week of April 2024, subject to the satisfaction of remaining customary conditions.
  • Upon closing, the combined business will be branded as Powerfleet, with its primary listing on Nasdaq.
  • "We expect the business combination will establish Powerfleet as a top-tier, global AIoT SaaS company, paving the way for accelerated growth in recurring revenues, expanded profitability, and enhanced investor value creation opportunities."

Transport for Greater Manchester Chooses MiX Telematics

Retrieved on: 
Thursday, February 8, 2024
Partnership, MIX, TFGM, Safety, Transport, Transport for Greater Manchester, Software as a service, Rail transport

Transport for Greater Manchester is a local government body responsible for co-ordinating transport services throughout Greater Manchester in North West England.

Key Points: 
  • Transport for Greater Manchester is a local government body responsible for co-ordinating transport services throughout Greater Manchester in North West England.
  • The partnership will equip the full bus fleet of nearly 2,000 vehicles with MiX Telematics' SaaS solution, in-cab driver feedback and integration.
  • "We are delighted to have been selected to provide a solution that best fits Transport for Greater Manchester's needs and we are looking forward to many years of partnership," says Jonathan Bates, Executive Vice President at MiX Telematics.
  • Stephen Rhodes, Director of Bus at Transport for Greater Manchester said, "We're delighted to partner with MiX Telematics, this new solution best fits our needs ensuring bus passengers continue to have safe and enjoyable journeys.

Transport for Greater Manchester Chooses MiX Telematics

Retrieved on: 
Thursday, February 8, 2024
Partnership, MIX, TFGM, Safety, Transport, Transport for Greater Manchester, Software as a service, Rail transport

Transport for Greater Manchester is a local government body responsible for co-ordinating transport services throughout Greater Manchester in North West England.

Key Points: 
  • Transport for Greater Manchester is a local government body responsible for co-ordinating transport services throughout Greater Manchester in North West England.
  • The partnership will equip the full bus fleet of nearly 2,000 vehicles with MiX Telematics' SaaS solution, in-cab driver feedback and integration.
  • "We are delighted to have been selected to provide a solution that best fits Transport for Greater Manchester's needs and we are looking forward to many years of partnership," says Jonathan Bates, Executive Vice President at MiX Telematics.
  • Stephen Rhodes, Director of Bus at Transport for Greater Manchester said, "We're delighted to partner with MiX Telematics, this new solution best fits our needs ensuring bus passengers continue to have safe and enjoyable journeys.

Powerfleet and MiX Telematics Announce Shareholders Meetings to Vote on Proposed Business Combination

Retrieved on: 
Tuesday, January 30, 2024
SAST, MIX, Software as a service, Prospectus, Artificial intelligence of things, PowerFleet, Eastern Time Zone, Growth, Security (finance)

WOODCLIFF LAKE, N.J., Jan. 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced that their respective shareholders meetings will be held virtually on Wednesday, February 28, 2024 to vote on the proposed business combination between the parties. Powerfleet's shareholder meeting will be held at 10:00 a.m., Eastern Time and MiX's shareholder meeting will be held at 2:30 p.m., SAST.

Key Points: 
  • WOODCLIFF LAKE, N.J., Jan. 30, 2024 /PRNewswire/ -- Powerfleet, Inc. (Nasdaq: PWFL) and MiX Telematics Limited (NYSE: MIXT, JSE: MIX) today announced that their respective shareholders meetings will be held virtually on Wednesday, February 28, 2024 to vote on the proposed business combination between the parties.
  • The Powerfleet and MiX teams have worked diligently to satisfy all necessary regulatory requirements, in both South Africa and the U.S., to proceed with the shareholders meetings.
  • The registration statement, which contains the joint proxy statement/prospectus relating to the transaction and the shareholders meetings, was declared effective by the SEC on January 24, 2024.
  • The scheme circular (together with the prospectus for the Powerfleet secondary listing on the JSE) with respect to the MiX shareholders meeting will be distributed by MiX to MiX shareholders today, Tuesday, January 30, 2024.

InventHelp Inventors Develop Modified Mixing Bowl (CTK-8163)

Retrieved on: 
Wednesday, January 24, 2024
Multimedia, Sale, Suite, Invention, MIX

PITTSBURGH, Jan. 24, 2024 /PRNewswire/ -- "We envisioned an insert to fit into the metal stand mixer mixing bowl to save time when making multiple recipes," said one of two inventors, from Tyler, Texas, "so we invented the MIX AID.

Key Points: 
  • PITTSBURGH, Jan. 24, 2024 /PRNewswire/ -- "We envisioned an insert to fit into the metal stand mixer mixing bowl to save time when making multiple recipes," said one of two inventors, from Tyler, Texas, "so we invented the MIX AID.
  • Our design would eliminate the repetitive task of washing the mixing bowl in between recipes."
  • The patent-pending invention provides an improved way to keep the interior of a stand mixer metal mixing bowl clean.
  • 22-CTK-8163, InventHelp, 100 Beecham Drive, Suite 110, Pittsburgh, PA 15205-9801, or call (412) 288-1300 ext.

SUNMI unveils its latest 3rd Gen Solutions for retail sectors at NRF 2024

Retrieved on: 
Tuesday, January 16, 2024
Architecture, Microsoft Windows, Internet, Super, NRF, POS, Generator, Wi-Fi, SUPER, Samsung Kies, Business development, MIX, Sale, ARM, Printing, UI, Running, Light, Restaurant, D3, Qualcomm, Internet of things, Mobile phone

SUNMI’s offerings range from mobile payment terminals, desktop terminals, kiosks, and more digitalization solutions that are indispensable to various businesses improving their efficiency and profitability.

Key Points: 
  • SUNMI’s offerings range from mobile payment terminals, desktop terminals, kiosks, and more digitalization solutions that are indispensable to various businesses improving their efficiency and profitability.
  • This year’s show sees SUNMI unveiling new solutions developed with six different partners, including solutions for fast food, food trucks, restaurants, convenience stores and beauty salons.
  • “These new products feature SUNMI’s industry leading technology and are at the cutting edge of retail payments and digitalization solutions,” noted SUNMI CEO Jack Lin at NRF.
  • “Businesses will quickly see how sleek, easy to use, and reliable these products are for ensuring their smooth and profitable operations.”
    These solutions and more can be found at the SUNMI booth Level 3 3165 at NRF 2024.

AAC Showcases Seven Integrated Solutions at CES 2024, Accelerating AI for a Digital World

Retrieved on: 
Friday, January 12, 2024
Synthetic media, RF, Noise, Acoustics, Research, TWS, GPS, Software design, Kool-Aid, Transsion, Vibration, Multimedia, XR, VFW, AOP, OnePlus, AAC, Electronics, AI, TTL, SNR, Algorithm, Pancake, MIX, MEMS, Exhibition, USS, PSS, WLG, Microphone, NVH, Original equipment manufacturer, Ultra, Tablet, Smartglasses, LHP, Turbocharger, Engineering, FOV, Lens, Mechanics, MTF, Cassette tape

In the era of AI, AAC showcased its integrated solutions across seven domains – intelligent automotive, acoustics, haptic feedback, XR, optics, precision manufacturing, and sensors & semiconductors.

Key Points: 
  • In the era of AI, AAC showcased its integrated solutions across seven domains – intelligent automotive, acoustics, haptic feedback, XR, optics, precision manufacturing, and sensors & semiconductors.
  • In the acoustics and haptics world, AAC presented Opera, a coaxial speaker designed for smartphones, along with the related algorithms.
  • The key and cornerstone of constructing a digital world with AI lie in upgrading perceptual experiences at the audio-visual-tactile entry level.
  • AAC, through its seven integrated solutions, is collaboratively working towards enhancing perceptual experiences for global consumers.