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Freight Technologies’ Platform Fr8App Integrates with FourKites®, Significantly Increasing Capability to Provide Track and Trace to Key Enterprise Customers

HOUSTON –December 13 2022 – Freight Technologies, Inc. (Nasdaq: FRGT), (“Fr8Tech”), a technology company based on its custom-developed Fr8App platform which is powered by AI and machine learning that offers a real-time portal for B2B cross-border shipping and domestic shipping within the United States-Mexico-Canada (NAFTA) region, discloses its integration with FourKites®, a leading supply chain visibility platform in the U.S.

With this integration, Fr8App´s platform can send automatic locations to the FourKites®´s New Unified Customer Interface so that enterprise companies using the new FourKites®´s product are able to receive real time locations from drivers using Fr8App.

“A leader in track and trace in the U.S., FourKites® is used by many enterprise companies and some of our current customers. With this integration we empower our Fr8Radar product, making the track and trace monitoring process more efficient for our customers currently using FourKites®´s monitoring system,” said Javier Selgas, CEO of Fre8Tech. “By integrating with Fr8App, FourKites® has validated our services and increased our access to new, large customers. We believe this alliance will be a long-term revenue driver and we look forward to reporting on our progress.”

About FourKites®

Leading supply chain visibility platform FourKites® extends visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2.8 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching over 200 countries and territories, FourKites® combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 1,100 of the world’s most recognized brands — including nine of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.

About Freight Technologies

Freight Technologies (Nasdaq: FRGT) (“Fr8Tech”) is a technology company offering a diverse portfolio of proprietary platform solutions that incorporate AI and machine learning tools to optimize and automate aspects of the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company’s portfolio of solutions includes the Fr8App platform for over-the-road (OTR) B2B cross-border shipping across the USMCA region; Fleet Rocket, a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operators; Fr8Radar, a GPS integration and shipment visibility module within Fleet Rocket that enables real-time tracking of in-transit freight across the U.S.-Mexico corridor; Zayren, an AI-based, pricing-prediction tool and carrier-matching platform designed specifically for cross-border and domestic OTR freight shipments across Mexico and the United States; and DODA Smart, an AI-assisted customs compliance platform to monitor, verify and trace Digital Customs Documents (DODAs) for trade operators in Mexico. Each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operational efficiency via innovative technologies such as live pricing, real-time tracking, digitization of critical documentation, brokerage support, transportation management, fleet management, and committed capacity solutions.

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. Actual results may differ from expectations, estimates and projections, and you should not rely on these statements as predictions of future events. These statements involve risks and uncertainties, most of which are outside the Company’s control and difficult to predict. Factors that may cause such differences are identified in the Company’s filings with the U.S. Securities and Exchange Commission. Freight Technologies cautions readers not to place undue reliance on any forward-looking statement, which speaks only as of the date made, and undertakes no obligation to update or revise any of them.

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