(RTTNews) - Shares of PowerFleet, Inc. (PWFL) are currently gaining over 23% on Monday morning after the company announced it will be outfitting a large portion of the full Day & Ross trailer fleet with PowerFleet's LV-500 solar tracking solution and the PowerFleet LV-710 Freight Camera.
PWFL is currently trading at $5.52, up $1.04 or 23.32%, on the Nasdaq.
Day & Ross intends on deploying the PowerFleet's LV-500 product across a fleet of over 3,000 trailers, while a portion of these trailers will also be equipped with the PowerFleet LV-710.
PowerFleet is a provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets.
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