I.D. Systems Receives Order from Channel Partner to Deploy Wireless Vehicle Management System
123 Tice Blvd.
Woodcliff Lake, NJ, 07677
Press release date: May 12, 2014
WOODCLIFF LAKE, N.J. — I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless M2M asset management solutions, has received a purchase order valued at approximately $200,000 from Southeast Industrial Equipment, Inc., one of the largest dealers of material handling equipment in the southeast United States. The order is for initial deployment of I.D. Systems' PowerBox™ wireless vehicle management system (VMS) on a fleet of lift trucks in a manufacturing plant of one of the world's leading appliance manufacturers, a new end user of I.D. Systems' solutions.
Southeast Industrial Equipment provides a wide range of lift trucks, heavy equipment, maintenance services, and training programs for customers throughout North Carolina, South Carolina, Georgia, and Virginia. The company distributes several leading brands of industrial vehicles, including Toyota forklifts, Genie aerial platforms, Cushman utility vehicles, and Terex construction equipment.
"We are pleased to expand our relationship with Southeast Industrial Equipment, a key strategic partner for I.D. Systems, and add to our customer base another global manufacturer that operates a large fleet of industrial vehicles around the world," said Kenneth Ehrman, president and interim CEO of I.D. Systems. "This is a good example of our strategy to expand revenue growth through strategic channel partners, focusing on end users with a global enterprise of manufacturing and distribution facilities, representing new opportunities for growth."
About Vehicle Management Systems
A Vehicle Management System (VMS) helps improve workplace safety and security by restricting vehicle access to trained operators, providing electronic vehicle inspection checklists, and sensing vehicle impacts. A wireless VMS also helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, scheduling maintenance according to actual vehicle usage rather than by calendar time, and helping determine the optimal economic time to replace equipment. In addition, a wireless VMS helps improve supply chain 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.
The PowerBox VMS is a cloud-hosted system designed for rapid deployment and benefit achievement, with no need to interface with a site's data network or IT support organization. The system is extensively pre-configured for easy installation. It features a combination of local radio frequency and cellular technologies for cost-effective, autonomous wireless data communications. With Internet browser-based dashboards and automatically emailed reports, PowerBox provides unique visibility of, and control over, fleet performance. The system is offered as a subscription service, with no upfront capital investment required.
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 rental cars, industrial vehicles, 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. For more information, visit www.id-systems.com.
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