I.D. Systems' Wireless Industrial Vehicle Management System Ordered by Fortune
500 Tobacco Company
WOODCLIFF LAKE, N.J., June 26, 2014 (GLOBE NEWSWIRE) -- I.D. Systems, Inc.
(Nasdaq:IDSY), a leading provider of wireless M2M asset management solutions,
has received a purchase order from a Fortune 500 tobacco company to deploy its
PowerFleet® wireless Vehicle Management System (VMS) on a fleet of material
handling equipment at a U.S. production and distribution facility. The order,
valued at approximately $160,000, follows a pilot implementation at the same
facility in the third quarter of 2013.
"We are pleased that another successful pilot program has transitioned to a
full-site implementation, and we look forward to developing more business
opportunities across this customer's enterprise," said Kenneth Ehrman, I.D.
Systems' chairman and CEO. "It is gratifying to add another Fortune 500
company to our customer base, especially in a new market segment. This is our
first major customer in the tobacco industry."
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, visit www.id-systems.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward looking statements within the meaning of
federal securities laws. Forward-looking statements include statements with
respect to I.D. Systems' beliefs, plans, goals, objectives, expectations,
anticipations, assumptions, estimates, intentions, and future performance, and
involve known and unknown risks, uncertainties and other factors, which may be
beyond I.D. Systems' control, and which may cause its actual results,
performance or achievements to be materially different from future results,
performance or achievements expressed or implied by such forward-looking
statements.All statements other than statements of historical fact are
statements that could be forward-looking statements.For example,
forward-looking statements include: statements regarding prospects for
additional customers; market forecasts; potential barriers to competition;
projections of earnings, revenues, synergies, accretion or other financial
information; and plans, strategies and objectives of management for future
operations.The risks and uncertainties referred to above include, but are not
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
forward looking statements made by, or on behalf of, I.D. Systems. I.D.
Systems assumes no obligation to update the information contained in this
press release, and expressly disclaims any obligation to do so, whether as a
result of new information, future events or otherwise.
CONTACT: For Financial Press
Matt Glover/Michael Koehler
Liolios Group, Inc.
For Trade Press
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