• Freight Technologies (aka Fr8Tech) has developed a technology solution that uses machine learning and artificial intelligence (“AI”) to help shipping and freighting companies optimize product transports and avoid costly errors
• Fr8Tech recently announced that one of its top clients, multinational insulation manufacturing company K-FLEX de México SA de CV, renewed its contract for using Fr8Tech’s core tech solution, Fr8App
• K-FLEX cited Fr8App’s benefits to the company during the difficult COVID-19 pandemic period and beyond as K-FLEX expanded its operations and approaches $1 billion in annual revenues
• Fr8Tech is continuing to expand its technology frontiers with the establishment of a dedicated AI development department within the company’s infrastructure

Supply chain optimization innovator Freight Technologies (NASDAQ: FRGT), aka Fr8Tech, helped shipping companies to keep commercial freight transportation rolling through the worst of the COVID pandemic, and the company’s dedication to its clients has resulted in a contract renewal with multinational insulation manufacturing company K-FLEX, according to a June 22 announcement.

“Fr8App delivered cross-border capacity during a difficult time for us as we worked first through the COVID-19 pandemic and then through our plant expansion challenges in Mexico and many times under conditions that others in the logistics industry were not willing to accept…

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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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