Freight Technologies Engages IGNITION IR to Enhance Strategic Investor Relations Program

Rhea-AI Summary

Freight Technologies (Nasdaq: FRGT), developer of the AI-powered freight-matching platform Fr8App, has engaged IGNITION Investor Relations to enhance its strategic investor relations program. This partnership aims to improve Fr8Tech's visibility within the institutional and retail investment community.

Donald Quinby, CFO of Fr8Tech, expressed excitement about the collaboration, highlighting Ignition's seasoned professionalism and relevant IR experience. The company believes Ignition's extensive investment community network will complement Fr8Tech's leadership in communicating its value proposition to investors.

Fr8App, Fr8Tech's custom-developed platform, offers real-time B2B cross-border and domestic shipping solutions within the USMCA region, leveraging AI and machine-learning technologies.

Positive

• Engagement of IGNITION Investor Relations to enhance visibility with investors
• Potential for improved communication of company value to the investment community

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• None.

HOUSTON, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT) (“Fr8Tech''), a technology company whose custom-developed Fr8App, an industry-leading freight-matching platform powered by AI and machine-learning and offers a real-time portal for B2B cross-border shipping and domestic shipping within the USMCA region, announced today that as part of its ongoing strategy to enhance Fr8Tech visibility with the institutional and retail investment community, it has engaged IGNITION Investor Relations (“Ignition”), a New Jersey based firm, to provide market awareness and investor relations (“IR”) services to the Company.

"We are excited about the new partnership with Ignition as our IR representative," said Donald Quinby, CFO of Fr8Tech. "With much to do to further our investor communications and effectively relay our exciting story to the investment community, we are thrilled to have the seasoned professionalism of Ignition. The Ignition team has significant and highly relevant IR experience as well as an outstanding investment community network, which we believe will complement the leadership of Fr8Tech as we work together to communicate our value to investors."

About Freight Technologies Inc.
Freight Technologies 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 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, brokerage, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit fr8technologies.com or connect with the company on LinkedIn or X (Twitter).

About IGNITION Investor Relations
Ignition is a boutique investor relations and financial communications firm with coverage throughout the United States. Ignition makes tactical and strategic investor relations work easier by immediately and seamlessly integrating into management teams with focused, hands-on attention in a cost-conscious manner. The firm is one of the most trusted IR consulting firms for micro to middle market companies, with Ignition professionals having significant experience in partnering with public and pre-IPO companies in the energy, media and telecommunications (TMT), logistics, senior living, EV and pharmaceutical industries. Additional information is available at www.ignitionir.com.

Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Freight Technologies' and Fr8App’s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Freight Technologies’ and Fr8App’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the effect of economic, political conditions and pandemic health issues in the industries and markets in which Fr8App’s business operates, if it should recur; (2) the inability to obtain or maintain the listing of Freight Technologies’ ordinary shares on Nasdaq; (3) changes in applicable laws or regulations; (4) the possibility that Freight Technologies or Fr8App may be adversely affected by other economic, business and/or competitive factors; (5) risks relating to the uncertainty of the projected financial information with respect to Fr8App; (6) risks related to the organic and inorganic growth of Fr8App’s business and the timing of expected business milestones; and (7) other risks and uncertainties identified, including those under “Risk Factors,” to be filed in Freight Technologies' other filings with the SEC. Freight Technologies cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Freight Technologies and Fr8App caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Freight Technologies and Fr8App do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based.

FAQ

What is the purpose of Freight Technologies (FRGT) engaging IGNITION Investor Relations?

Freight Technologies (FRGT) has engaged IGNITION Investor Relations to enhance its strategic investor relations program and improve visibility with institutional and retail investors.

What is Fr8App, developed by Freight Technologies (FRGT)?

Fr8App is an AI and machine-learning powered freight-matching platform that offers real-time B2B cross-border and domestic shipping solutions within the USMCA region.

Who is the CFO of Freight Technologies (FRGT) mentioned in the press release?

The CFO of Freight Technologies (FRGT) mentioned in the press release is Donald Quinby.

What are the expected benefits of Freight Technologies (FRGT) partnering with IGNITION Investor Relations?

The partnership is expected to improve Fr8Tech's investor communications, effectively relay the company's story to the investment community, and leverage IGNITION's extensive investment community network and IR experience.