Freight Technologies Inc. (NASDAQ: FRGT) Furthers Marketplace Partnership with Geotab, and Secures Cross-Border Logistics Services Contract with Kawasaki Motores de Mexico

  • Fr8Tech recently participated in the Geotab Connect 2024 event as a marketplace partner, covering insights into connected vehicles, data intelligence, artificial intelligence, and sustainability
  • Last year, the company integrated its Fr8App freight-matching platform with Geotab’s open API, boosting real-time visibility and efficiency for shippers and carriers
  • Fr8Tech recently secured a cross-border logistics services contract with Kawasaki Motores de Mexico, a division of manufacturing conglomerate Kawasaki Heavy Industries, Ltd.

Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”), a technology company developing solutions to optimize and automate the supply chain process and freight logistics, recently participated in the prestigious Geotab Connect 2024 event as a distinguished marketplace partner. The Geotab Connect 2024 took place in Las Vegas February 14 to 16, 2024, delivering unparalleled insights into the ever-evolving landscape of connected vehicles, data intelligence, artificial intelligence, and sustainability (https://ibn.fm/jbgKE).

“We are thrilled to continue being marketplace partners with such a prominent company in the technology and logistics industry like Geotab. Fr8App has been able to significantly enhance the user experience for shippers and carriers on its platform with Geotab’s telematics, and we look forward to bringing further innovation to our customers and partners through collaboration and contribution to Geotab’s ecosystem,” commented Javier Selgas, CEO of Fr8Tech and Fr8App.

Fr8Tech last September announced that it had integrated its Fr8App freight-matching platform with Geotab’s open application programming interface (“API”) (https://ibn.fm/uUQoD). According to the company, this integration was intended not only to boost substantially real-time visibility and efficiency for carriers and shippers but also to ensure that clients enjoy added capabilities through the Fr8App platform. The integration exemplifies Fr8App’s continuous improvement and Fr8Tech’s investment in new features, which, besides being a source of pride for the company, have enabled it to secure contracts with global industry leaders to revolutionize their respective cross-border logistics operations.

Recently, Fr8Tech celebrated the execution of a cross-border logistics services contract with Kawasaki Motores de Mexico. Under the terms of the contract, Fr8Tech is mandated with directing and coordinating the cross-border logistics for Kawasaki’s iconic Jet Ski models via the Fr8App platform, showcasing the platform’s adaptability and efficiency in meeting a wide range of clients’ transportation needs and requirements (https://ibn.fm/vOuC6).

For Kawasaki Motores de Mexico, the contract represents a deliberate strategic decision to go beyond basic technology adoption. “We believe Fr8App aligns seamlessly with our core values of innovation and efficiency. Awarding this contract signifies more than just a technological advancement; it represents a strategic leap forward in how we approach our logistics operations. Together with Fr8App, we are eager to embark on a journey toward achieving unparalleled efficiency, reliability, and substantial cost reduction,” stated Daniel Ortiz, Logistic Operation Supervisor of Kawasaki Motores de Mexico.

Kawasaki Motores de Mexico is a division of Kawasaki Heavy Industries, Ltd., a multinational conglomerate with a rich 120-year heritage of manufacturing heavy equipment, marine vessels (liquid natural gas carriers, high-speed vessels, and other future-oriented marine technologies), motorcycles, engines, aerospace and defense equipment, and rolling stock.

“This contract with Kawasaki Motores de Mexico is a testament to our commitment to delivering cutting-edge solutions to a wide variety of industries. We believe that by securing a contract with Kawasaki Motores de Mexico, we also gain a chair at the table for a broader set of opportunities with many of the Kawasaki companies across North America,” conveyed Selgas.

This strategy, Selgas explained, has served the company well with other conglomerates. It has enabled Fr8Tech to pursue additional opportunities with a large multinational conglomerate after forging an initial partnership; the company’s partnership with Kimberly Clark de Mexico, S.A.B. de C.V. (“KCM”), a Mexican company that manufactures and commercializes branded consumer products, perfectly embodies this strategy.

In February 2022, Fr8Tech announced it had secured its first contract with KCM for the then-newly launched Fr8Fleet dedicated truck and capacity planning platform (https://ibn.fm/OdA8j). By September 2022, the partnership had expanded to include the Fr8App platform for cross-border logistics for shipments from Mexico to the U.S. (https://ibn.fm/Iwsaw). A month later, Fr8Tech announced that it had received a two-year commitment from KCM to expand its Fr8Fleet product (https://ibn.fm/Iqtg8).

Having completed numerous strategic integrations with leading tech logistics companies, GPS providers, and industry partners that have expanded the reach and breadth of its systems operating environment, Fr8Tech is looking forward to pursuing the opportunities these integrations continue to unlock. Additionally, the company remains committed to further strengthening its global connectivity to meet the ever-changing demands of the freight logistics industry.

For more information, visit the company’s website at www.Fr8Technologies.com, and its freight matching platform information site at www.Fr8.App.

NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT

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