Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is a technology company whose industry-leading, custom-developed, AI- and machine learning-powered Fr8App freight-matching platform offers a real-time portal for B2B cross-border and domestic shipping within the USMCA region. The company today announced the appointment of Dr. Umberto León-Domínguez as director of its artificial intelligence (“AI”) division. In his new role, Dr. León-Domínguez will oversee the creation of a dedicated department within Fr8Tech to focus exclusively on AI developments – boosting the company’s existing advances while also developing new AI functionalities for the supply chain industry. “We are privileged to add Dr. León-Domínguez to our team,” said Fr8Tech CEO Javier Selgas of the appointment. “His expertise in artificial intelligence, technological innovation and cutting edge technological developments will be invaluable to Freight Technologies as we continue applying innovative solutions for the optimization of logistics and supply chain processes.”

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About Freight Technologies Inc.

Freight Technologies (“Fr8Tech”) is a technology company developing solutions to optimize and automate the supply chain process. Its wholly owned subsidiary, Freight App Inc. (“Fr8App”), is a B2B cross-border shipping marketplace in the USMCA region powered by AI and machine learning. Focused on making shipping transparent and efficient, Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility and simplicity for the once-complex process of international over-the-road (“OTR”) shipping. Fr8App uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit Fr8Technologies.com.

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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