I.D. Systems Receives Additional Follow-On Purchase Orders from Fortune 100 Customer
123 Tice Blvd.
Woodcliff Lake, NJ, 07677
Press release date: June 30, 2014
WOODCLIFF LAKE, N.J. – I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless M2M asset management solutions, has received a series of purchase orders, valued at more than $800,000, to deploy its PowerFleet® wireless Vehicle Management System (VMS) on fleets of lift trucks at multiple distribution centers of a Fortune 100 company. Following implementation, I.D. Systems will have deployed its wireless VMS technology in approximately 30 of the end user's facilities.
The orders were generated by one of I.D. Systems' channel partners.
"We are gratified that this Fortune 100 end user continues to expand its deployment of our wireless technology across its distribution network," said Kenneth Ehrman, I.D. Systems' chairman and CEO. "The current series of purchase orders follows prior tranches of orders we received in the first quarter and early in the second quarter of 2014. We view this as a clearly implied endorsement of the many benefits of our patented wireless VMS technology-and its compelling return on investment."
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.