Fortune 200 Food Producer Expands Deployment of I.D. Systems' Wireless Vehicle
WOODCLIFF LAKE, N.J., June 25, 2014 (GLOBE NEWSWIRE) -- I.D. Systems, Inc.
(Nasdaq:IDSY), a leading provider of wireless M2M asset management solutions,
has received purchase orders from one of the world's leading food producers, a
current customer, to deploy its PowerFleet® wireless Vehicle Management System
(VMS) on a fleet of industrial trucks at a manufacturing and distribution
facility. This will be the customer's sixth site in North America to implement
the PowerFleet VMS. The orders are valued at approximately $200,000.
"These follow-on orders reaffirm the significant quantitative and qualitative
benefits that our PowerFleet system provides to our enterprise customers,"
said Kenneth Ehrman, I.D. Systems' chairman and CEO. "We see wireless
management of industrial trucks as a best practice in the world's leading
supply chains. Our technology helps enterprises improve control over safety
practices, operational costs and productivity, to gain a competitive edge in
supply chain management."
About Wireless Vehicle Management Systems
A wireless vehicle management system (VMS) helps improve workplace safety and
security by restricting vehicle access to trained, authorized operators,
providing electronic vehicle inspection checklists, and managing vehicle
impacts. A wireless VMS helps reduce industrial fleet maintenance costs by
automatically uploading vehicle data, reporting vehicle problems
electronically, scheduling maintenance according to actual vehicle usage
rather than by calendar or manual data entry, and helping determine the
optimal economic time to replace equipment. In addition, a wireless VMS helps
improve material handling productivity by establishing accountability for the
use of equipment, ensuring equipment is in the proper place at the right time,
and providing unique fleet utilization metrics.
About I.D. Systems
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas,
Germany, and the United Kingdom, I.D. Systems, Inc. is a leading global
provider of wireless M2M solutions for securing, controlling, tracking, and
managing high-value enterprise assets, including industrial vehicles, rental
cars, trailers, containers, and cargo. The company's patented technologies
address the needs of organizations to monitor and analyze their assets to
increase efficiency and productivity, reduce costs, and improve profitability.
PowerFleet® is a registered trademark of I.D. Systems. For more information,
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This press release contains forward looking statements within the meaning of
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respect to I.D. Systems' beliefs, plans, goals, objectives, expectations,
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limited to, future economic and business conditions, the loss of key customers
or reduction in the purchase of products by any such customers, the failure of
the market for I.D. Systems' products to continue to develop, the possibility
that I.D. Systems may not be able to integrate successfully the business,
operations and employees of acquired businesses, the inability to protect I.D.
Systems' intellectual property, the inability to manage growth, the effects of
competition from a variety of local, regional, national and other providers of
wireless solutions, and other risks detailed from time to time in I.D.
Systems' filings with the Securities and Exchange Commission, including its
annual report on Form 10-K for the year ended December 31, 2013. These risks
could cause actual results to differ materially from those expressed in any
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result of new information, future events or otherwise.
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