VerifyMe Transitions PeriShip Proactive Logistics Customers From FedEx To New Shipping Partner Starting Sept. 24, Aiming For Cost Savings And Service Continuity

Author: Benzinga Newsdesk | September 11, 2025 08:30am

VerifyMe, Inc. (NASDAQ:VRME) together with its subsidiary PeriShip Global LLC ("PeriShip Global"), (together "VerifyMe," "we," "our," or the "Company") provides brand owners time and temperature sensitive logistics, supply chain traceability, authentication, anti-counterfeiting, and data-rich brand enhancement services, announced today an update on its services.

Effective September 24, 2025, VerifyMe's Periship Precision Logistics division will no longer offer FedEx shipping services to our Proactive services customers, but we are excited to begin offering customers our Proactive services aligned to our new shipping partner, which is expected to commence later this month. Within PeriShip's Precision Logistics business, the top 5% of our customers generate over 60% of our Proactive services revenue. The average tenure of the relationship between our Precision Logistics business and these customers is over 7 years. We believe our relationship with our new shipping partner will allow our Proactive customers to realize savings on their shipping costs during the peak holiday season, while maintaining the valuable shipment tracking and customer services they have received from our Precision Logistics business over the length of our relationship. This change is not expected to impact the Premium services we provide to our FedEx customers.

Posted In: FDX VRME