I.D. Systems to Deploy Wireless Industrial Vehicle Management Technology at Three Caterpillar Plants |
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I.D. Systems Inc.
One University Plaza
Hackensack, NJ, 07601
USA
Press release date: January 18, 2011
Woodcliff Lake, NJ-I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless asset management solutions, today announced that its marketing partner, Wiese USA, has placed a series of purchase orders for I.D. Systems' PowerFleet(TM) wireless Vehicle Management System (VMS). The system will be deployed on fleets of industrial trucks at three U.S. manufacturing plants of Caterpillar Inc. (NYSE: CAT).
Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and dieselelectric locomotives, as well as a leading services provider, with fiscal 2009 revenues of $32.4 billion. Wiese USA is a leading lift truck dealer and fleet services provider with operations throughout the midwest United States.
Wireless Vehicle Management Systems help improve material handling productivity by establishing accountability for the use of equipment, ensuring equipment is in the proper place at the right time, streamlining material handling work flow, and providing unique metrics on equipment utilization. A wireless VMS also 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 workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and sensing vehicle impacts.
"Wiese has long been a leader and an innovator in managing industrial vehicle fleets," said Mike Lonigro, Manager of Wiese's Caterpillar Business Unit. "The PowerFleet VMS has been extremely effective and reliable for our customers, including Caterpillar, where our initial PowerFleet deployments generated significant benefits in terms of material handling safety, cost reductions, and productivity improvements. These benefits led directly to the decision to expand the system fully across these three Caterpillar facilities."
"We are gratified that the positive results achieved by our PowerFleet system have compelled Wiese and Caterpillar to expand deployment of our technology across multiple plants," said Ken Ehrman, I.D. Systems' president. "This roll-out affirms our view that PowerFleet is a best practice in material handling management, which helps optimize industrial truck operations and gives our customers a significant competitive edge in their supply chains."
About I.D. Systems: Based in Woodcliff Lake, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of solutions for securing, controlling, tracking, and managing high-value enterprise assets, including vehicles, powered equipment, trailers, containers, baggage, and cargo. The Company's patented technologies address the needs of organizations to monitor and analyze their assets to improve safety, security, efficiency, and productivity. For more information, visit www.id-systems.com.
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