HOUSTON, Sept. 09, 2022 (GLOBE NEWSWIRE) — by way of InvestorWire — Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech”), a expertise firm primarily based on its custom-developed Fr8App platform, which is powered by AI and machine studying, providing a real-time portal for B2B cross-border delivery and home delivery throughout the United States-Mexico-Canada (NAFTA) area, immediately declares the enlargement of its relationship with Kimberly Clark de Mexico, S.A.B. de C.V. (“KCM”) to incorporate the Fr8App platform for cross-border logistics for shipments from Mexico to the United States.
As a results of the enlargement, Fr8Tech now helps three kinds of logistics providers for KCM. As introduced in February 2022, Fr8Tech unveiled KCM as its first buyer for its devoted capability product, Fr8Fleet. Since then, the association has secured devoted truck service on the Fr8App Platform for KCM, and KCM has added conventional spot providers inside home Mexico. KCM has once more expanded the connection with Fr8App to incorporate its U.S./Mexico cross-border delivery wants.
Javier Selgas, CEO of Fr8Tech, mentioned, “Pleased with the level of service and value KCM received from Fr8Fleet and domestic spot services, KCM logistics management chose the Fr8App platform to address their needs for the U.S./Mexico cross-border traffic. As KCM is one of the top consumer product manufacturers in North America, this important development validates Fr8Tech’s platform and services. KCM’s expanding relationship highlights our potential to increase business with existing customers as well as capture more transportation logistics trade from corporations of all sizes.”
About Kimberly Clark de Mexico, S.A.B de C.V.
Kimberly-Clark de México, S.A.B. de C.V. (KIMBERA.MX) is a number one Mexican firm in client merchandise for each care and hygiene inside and out of doors the house. Today, the corporate has eight crops situated within the Mexican Republic, the place it employs about 8,000 workers straight. The models of business produce and market greater than 20 main nationwide and worldwide manufacturers, together with: Kleenex®, KleenBebé®, Huggies®, Depend®, Kotex®, Kleenex®-Cottonelle®, Pétalo®, Sanitas®, Marli® and Kimlark®, amongst others.
About Freight Technologies Inc.
Freight Technologies (Nasdaq: FRGT) (“Fr8Tech”) is a expertise firm creating options to optimize and automate the availability chain course of. Its wholly owned subsidiary Freight App, Inc. (“Fr8App”) is a B2B cross-border delivery market within the NAFTA area powered by AI and machine studying. Focused on making delivery clear and environment friendly, Fr8App supplies carriers with elevated development alternatives and shippers with flexibility, visibility and ease for the once-complex strategy of worldwide over-the-road (OTR) delivery. Fr8App makes use of its proprietary expertise platform to attach carriers and shippers and considerably enhance matching and operation effectivity by way of modern applied sciences, reminiscent of reside pricing and real-time monitoring, digital freight market, dealer, transportation administration, fleet administration, and dedicated capability options. The firm is headquartered in Houston, Texas. For extra info, please go to fr8technologies.com.
Forward Looking Statements
This press launch consists of “forward-looking statements” throughout the that means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Freight Technologies’ and Fr8App’s precise outcomes could differ from their expectations, estimates and projections and, consequently, you shouldn’t depend on these forward-looking statements as predictions of future occasions. Words reminiscent of “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and comparable expressions (or the unfavorable variations of such phrases or expressions) are supposed to establish such forward-looking statements. These forward-looking statements embrace, with out limitation, Freight Technologies’ and Fr8App’s expectations with respect to future efficiency and anticipated monetary impacts of the acquisition.
These forward-looking statements contain vital dangers and uncertainties that would trigger the precise outcomes to vary materially from these mentioned within the forward-looking statements. Most of those components are exterior Freight Technologies’ and Fr8App’s management and are tough to foretell. Factors that will trigger such variations embrace, however should not restricted to: (1) the impression of the COVID-19 pandemic on Fr8App’s business; (2) the lack to acquire or preserve the itemizing of Freight Technologies’ unusual shares on Nasdaq; (3) the power to acknowledge the anticipated advantages of the merger, which can be affected by, amongst different issues, competitors, the power of Fr8App to develop and handle development profitably, and the corporate’s means to retain its key workers; (4) prices associated to the merger; (5) adjustments in relevant legal guidelines or rules; (6) the likelihood that Freight Technologies or Fr8App could also be adversely affected by different financial, business and/or aggressive components; (7) dangers regarding the uncertainty of the projected monetary info with respect to Fr8App; (8) dangers associated to the natural and inorganic development of Fr8App’s business and the timing of anticipated business milestones; and (9) different dangers and uncertainties recognized, together with these beneath “Risk Factors,” to be filed in Freight Technologies’ different filings with the SEC. Freight Technologies cautions that the foregoing listing of things shouldn’t be unique. Should a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes could differ materially from these indicated or anticipated by such forward-looking statements. Freight Technologies and Fr8App warning readers to not place undue reliance upon any forward-looking statements, which converse solely as of the date made. Freight Technologies and Fr8App don’t undertake or settle for any obligation or enterprise to launch publicly any updates or revisions to any forward-looking statements to mirror any change of their expectations or any change in occasions, situations or circumstances on which any such assertion relies.
Fr8Tech Contact:
Luisa Lopez, COO, [email protected]
Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]
- Freight Technologies Expands Relationship with Kimberly Clark
