I.D. Systems Receives Purchase Order From Leading Global Auto Maker for Wireless Industrial Vehicle Management System
I.D. Systems, Inc.
123 Tice Boulevard, Suite 101
Woodcliff Lake, NJ, 07677
Press release date: July 1, 2014
Woodcliff Lake, NJ — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a purchase order from one of the world’s largest automotive manufacturers—a new customer—to deploy its PowerFleet® wireless Vehicle Management System (VMS) on a fleet of more than 250 industrial trucks, as part of a trial evaluation being conducted by the customer.
“This is an important trial program for us—an enterprise rollout with this customer could potentially involve thousands of vehicles,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “Our PowerFleet VMS has had a long history of success in the automotive industry, where it has helped improve safety, reduce costs and improve efficiency in material handling operations. We are very excited to have the opportunity to demonstrate the value of our VMS technology to another global automotive manufacturer.”
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.