I.D. Systems, Inc. develops, markets, and sells wireless machine-to-machine solutions for managing and securing enterprise assets. These assets include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars, and containers. The company’s patented systems utilize radio frequency (RF) identification (RFID), Wi-Fi, satellite or cellular communications, and sensor technology and software to address the needs of organizations to control, track, monitor, and analyze their assets. The company focuses its business activities on three primary applications, such as industrial fleet management, transportation asset management, and rental fleet management. The company’s solution for industrial fleet management allows its customers to reduce operating costs and capital expenditures and to comply with certain safety regulations by measuring and controlling fleet activity. This solution also improves security at industrial facilities and areas of critical infrastructure, such as airports, by controlling access to, and restricting the use of, vehicles and equipment. Its solution for transportation asset management allows its customers to increase revenue per asset deployed, reduce fleet size, and improve the monitoring and control of sensitive cargo. The company’s solution for rental fleet management assists rental car companies in generating higher revenue by more accurately tracking vehicle data, such as fuel consumption and odometer readings, and improving customer service by expediting the rental and return processes. In addition, the company’s wireless solution for ‘car sharing’ enables rental car companies to establish a network of vehicles positioned strategically around cities or on corporate campuses, control vehicles remotely, manage member reservations by smart phone or Internet, and charge members for vehicle use by the hour. The company developed a cloud-based software tool called I.D. Systems Analytics (Analytics), which is designed to provide a single, integrated view of asset activity across multiple locations, generating enterprise-wide benchmarks and peer-industry comparisons. The company sells its solutions to both executive and division-level management. Typically, its initial system deployment serves as a basis for potential expansion across the customer’s organization. Products and Services The company offers its customers integrated wireless solutions to control, monitor, track and analyze their enterprise assets. Its solutions are comprised of hardware and software, as well as hosting, maintenance, support and consulting services. Industrial Fleet Asset Management Products On-Asset Hardware: With various mounting and user-interface options, the company’s on-asset hardware is designed to be installed and provide an autonomous means of asset control and monitoring. The company’s on-asset hardware contains an integrated computer, programmed with a product-specific application, and an advanced wireless transceiver with a communication range of up to approximately one-half mile; controls equipment access with a variety of electronic interface options; is compatible with most existing facility access security systems; generates paperless electronic safety checklists via a built-in display and keypad; wirelessly and automatically uploads and downloads data to and from other system components; performs monitoring and control functions at all times, independent of RF or network connectivity; and incorporates a multi-voltage power supply designed to mitigate electrical anomalies. Wireless Asset Managers: The company’s Wireless Asset Managers conduct two-way RF communications with the assets being monitored and can communicate on a local area network, on a wide area network, or via cellular communications. The use of Wireless Asset Managers enables system configuration options and scalability. Each of the company’s Wireless Asset Managers incorporates an integrated computer, programmed with a product specific application, and an advanced wireless transceiver with a communic
id systems inc
(IDSY:Consolidated Issue listed on NASDAQ Global Market)
123 Tice Boulevard
Woodcliff Lake, NJ 07677
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