Michael Casey Rejoins Board of Directors and Is Appointed Chair of the Audit Committee

WOODCLIFF LAKE, N.J., July 21, 2026 /PRNewswire/ — Powerfleet, Inc. (Nasdaq: AIOT; JSE: PWR) today announced that its Board of Directors has appointed Michael Casey to rejoin the Board and serve as Chair of the Audit Committee, effective as of July 15, 2026. Mr. Casey previously served as a director of Powerfleet from September 2016 until the closing of the Company’s combination with MiX Telematics. Michael McConnell has resigned from the Company’s Board of Directors and as Chair of its Audit Committee, effective July 15, 2026.

“We are very pleased to welcome Michael Casey back to the Board. Michael’s extensive public-company financial experience, deep accounting expertise and prior service as a Powerfleet director make him exceptionally well qualified to serve as Chair of the Audit Committee,” said Andrew Martin, Chairman of the Board.

“On behalf of the Board, I would like to thank Michael McConnell for his dedicated service and thoughtful leadership over the past two years,” Mr. Martin continued. “His contributions, particularly as Chair of the Audit Committee, were invaluable during a period of significant transformation, including substantial merger and acquisition activity, and we wish him continued success.”

“I am pleased to rejoin the Powerfleet Board at an important stage in the Company’s development,” said Mr. Casey. “I look forward to working with Andrew, my fellow directors and reconnecting with Steve Towe and the management team as the Company continues to execute its strategy and build on the progress it has made.”

Mr. Casey served on the Board of Directors of Determine, Inc. from 2010 until its acquisition in April 2019. During his service on the Determine board, he served as a member of its nominating and corporate governance committee and as Chair of its audit committee.

Since 2006, Mr. Casey has been a partner at TechCXO, LLC, a professional services firm providing financial, strategic and operational consulting services to businesses in the technology industry.

Previously, Mr. Casey served as Chief Financial Officer of MAPICS, Inc., a publicly traded provider of enterprise resource planning software for discrete manufacturing industries. He also served as Executive Vice President and Chief Financial and Administrative Officer of iXL Enterprises, Inc.; Chief Financial Officer of Manhattan Associates, Inc.; and Chief Financial Officer of IQ Software Corporation.

Mr. Casey began his career as a certified public accountant with Arthur Andersen & Co. and holds a Bachelor of Business Administration degree in accounting from the University of Georgia.

ABOUT POWERFLEET

Powerfleet (Nasdaq: AIOT; JSE: PWR) is a global leader in the artificial intelligence of things (AIoT) software-as-a-service (SaaS) mobile asset industry. With more than 30 years of experience, Powerfleet unifies business operations through the ingestion, harmonization, and integration of data, irrespective of source, and delivers actionable insights to help companies save lives, time, and money. Powerfleet’s ethos transcends our data ecosystem and commitment to innovation; our people-centric approach empowers our customers to realize impactful and sustained business improvement. The Company is headquartered in New Jersey, United States, with offices around the globe. Explore more at www.powerfleet.com. Powerfleet has a primary listing on The Nasdaq Global Market and a secondary listing on the Main Board of the Johannesburg Stock Exchange (JSE).

Powerfleet Investor Contacts
Carolyn Capaccio and Jody Burfening
Alliance Advisors IR
AIOTIRTeam@allianceadvisors.com

Powerfleet Media Contact
Jonathan Bates
jonathan.bates@powerfleet.com

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SOURCE Powerfleet

Cyber Technology and Research Support Will Advance Tactical Networks for Military Operations

RESTON, Va., July 21, 2026 /PRNewswire/ — ICF (NASDAQ: ICFI), a leading global solutions and technology provider, was recently awarded a new subcontract task order by Parsons Corporation to deliver cybersecurity technology and research and development (R&D) services to the U.S. Army Combat Capabilities Development Command (DEVCOM) Army Research Laboratory (ARL). The contract has a ceiling value of $25 million and a term of five years, including a 12-month base and four one-year options.

ICF will support DEVCOM ARL’s Computationally Augmented and Resilient: Situation Awareness, Intelligence, Planning, Mobility, and Defense (CARSIPMoD) mission of advancing secure, resilient tactical networks to strengthen military field operations. The company will provide a wide range of technology services, including artificial intelligence (AI), machine learning, network science and systems administration, as well as modeling, simulation and testing.

“Mission success depends on staying ahead of rapidly evolving threats and quickly moving from research to real-world application,” said Jennifer Welham, ICF senior vice president. “We’re proud to partner with DEVCOM ARL and combine deep operational expertise with advanced technology solutions that improve network security, enhance tactical computing and increase the agility needed to support military readiness.”

ICF has supported ARL’s cyber operations and R&D initiatives for nearly three decades and partners with multiple defense organizations to modernize the systems underpinning readiness and mission operations. From targeted cybersecurity and workforce support to enterprise-level digital modernization, ICF combines mission strategy, human-centered design, AI, open-source development, low-code platforms and custom engineering to build secure, scalable systems that improve performance and accelerate outcomes.

ICF is a Cybersecurity Maturity Model Certification (CMMC) Level 2 certified vendor, recognizing its ability to meet stringent federal cybersecurity standards when supporting U.S. defense and civilian agency programs.

About ICF
ICF is a leading global solutions and technology provider. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.

Caution Concerning Forward-looking Statements
Statements that are not historical facts and involve known and unknown risks and uncertainties are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and various risks and uncertainties related to health epidemics, pandemics, and similar outbreaks. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements are included in the “Risk Factors” section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.

Contact: Lauren Dyke, lauren.dyke@ICF.com, +1.571.373.5577

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SOURCE ICF

New RUM and Synthetics capabilities unify infrastructure, application and user experience insights, catching problems before a user does

SANTA CLARA, Calif., July 21, 2026 /PRNewswire/ — Palo Alto Networks® (NASDAQ: PANW), the global cybersecurity leader, today announced its intent to acquire Embrace, a leading provider of user-focused observability, to add high-fidelity Real User Monitoring (RUM) capabilities to the Palo Alto Networks Observability platform. Palo Alto Networks is also introducing Synthetics, a new capability built with its world-class Autonomous Digital Experience Management (ADEM) team, for proactively validating application performance from anywhere. These new capabilities will extend Palo Alto Networks Observability to Digital Experience Monitoring. Customers will gain a complete, unified view, from end-user interactions and proactive app validation to backend software and infrastructure, all on the industry’s leading, innovative, cost-effective platform.

Modern applications are increasingly complex and autonomous, and organizations need full performance visibility to ensure reliability. Legacy tools are fragmented, cost-prohibitive, and frequently miss when a user’s experience is broken. Embrace’s proven RUM capabilities are built for modern environments, allowing customers to deliver applications that scale at the pace of AI. Synthetics will leverage Palo Alto Networks’ globally distributed infrastructure to proactively validate application availability and performance from strategic locations across the globe. With these new capabilities, organizations will be able to:

Eliminate blindspots: Monitor user experiences and infrastructure health through a single interface to help ensure user-facing applications and workflows are seamlessly executing without introducing hidden digital issues.
 Prevent revenue impacting downtime: Combine Embrace’s advanced monitoring with Palo Alto Networks’ deep data analytics, to quickly pinpoint and resolve complex performance issues, protecting revenue and brand reputation.
 Catch problems before any user does: Palo Alto Networks’ Observability platform and ADEM deliver a complete view of digital experience by catching issues before they impact both customers and employees.

Following the acquisition of Chronosphere in January 2026, Palo Alto Networks continues to drive innovation across its Observability platform, surpassing $300M ARR in Q3 FY26. The company also earned recognition from Gartner® Magic Quadrant™ for Observability Platforms, where it was named a leader for the third consecutive year, earning the top ranking for Observability Cost Control in the 2026 Gartner® Critical Capabilities™ report.

Lee Klarich, Chief Product & Technology Officer of Palo Alto Networks 
“To truly understand how their applications are performing, organizations need to see the whole picture – from the moment a user taps or clicks to what exactly happens on the backend. By combining Palo Alto Networks’ leading Observability platform with Embrace’s innovative Real User Monitoring and the organically developed Synthetic Monitoring capabilities, we’ll deliver exactly that. And we’re taking it a step further – by linking these capabilities with Cortex AgentiX, organizations will be able to both see and automatically fix issues across their ecosystem. This is what true platformization looks like in practice.”

The acquisition is subject to customary closing conditions, and is expected to close in Palo Alto Networks first quarter of fiscal 2027.

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About Palo Alto Networks 

Palo Alto Networks (NASDAQ: PANW), the global AI cybersecurity leader, protects our digital way of life with a comprehensive portfolio of cybersecurity solutions and platforms across Network, Cloud, Security Operations, AI and Identity. Trusted by 70,000+ customers and powered by Unit 42 threat intelligence, our AI-driven platforms eliminate complexity, empowering enterprises to modernize with confidence and securing the speed of innovation. Explore the future of security at www.paloaltonetworks.com.

Palo Alto Networks, Cortex, Cortex AgentiX, and Chronosphere and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. Any unreleased services or features (and any services or features not generally available to customers) referenced in this or other press releases or public statements are not currently available (or are not yet generally available to customers) and may not be delivered when expected or at all. Customers who purchase Palo Alto Networks applications should make their purchase decisions based on services and features currently generally available.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, and assumptions, including, but not limited to, statements regarding the anticipated benefits and impact of the proposed acquisition of Embrace on Palo Alto Networks, Embrace and their customers. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to: the effect of the announcement of the proposed acquisition on the parties’ commercial relationships and workforce; the ability to satisfy the conditions to the closing of the acquisition; the ability to consummate the proposed acquisition on a timely basis or at all; significant and/or unanticipated difficulties, liabilities or expenditures relating to proposed transaction, risks related to disruption of management time from ongoing business operations due to the proposed acquisition and the ongoing integration of other recent acquisitions; our ability to effectively operate Embrace’s operations and business following the closing, integrate Embrace’s business and products into our products following the closing, and realize the anticipated synergies in the transaction in a timely manner or at all; changes in the fair value of our contingent consideration liability associated with acquisitions or the fair value of our convertible senior notes and capped call transactions; developments and changes in general market, political, economic and business conditions; failure of our platformization product offerings; risks associated with managing our growth; risks associated with new product, subscription and support offerings; shifts in priorities or delays in the development or release of new product or subscription or other offerings or the failure to timely develop and achieve market acceptance of new products and subscriptions, as well as existing products, subscriptions and support offerings; failure of our product offerings or business strategies in general; defects, errors, or vulnerabilities in our products, subscriptions or support offerings; our customers’ purchasing decisions and the length of sales cycles; our ability to attract and retain new customers; developments and changes in general market, political, economic, and business conditions; our competition; our ability to acquire and integrate other companies, products, or technologies in a successful manner; our debt repayment obligations; and our share repurchase program, which may not be fully consummated or enhance shareholder value, and any share repurchases which could affect the price of our common stock.

Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Quarterly Report on Form 10-Q filed with the SEC on June 2, 2026, which is available on our website at investors.paloaltonetworks.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

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SOURCE Palo Alto Networks, Inc.