WOODCLIFF LAKE, N.J. – I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless M2M asset management solutions, has received a series of follow-on purchase orders for its PowerFleet® wireless industrial Vehicle Management System (VMS) from a leading global consumer packaged goods company, a current customer. In aggregate, the orders are valued at approximately $900,000. After delivery of the orders, I.D. Systems will have provided more than 1,500 PowerFleet systems for this customer worldwide.
"We are gratified that another customer with a large-scale enterprise continues to aggressively expand its deployment of our wireless VMS technology for their fleets of industrial trucks," said Kenneth Ehrman, I.D. Systems' chairman and CEO. "We see VMS growing quickly as a best practice among companies with global supply chains, and we believe I.D. Systems continues to lead the wireless VMS market, with our patented technology, innovative solutions, and expert staff of dedicated professionals around the world."
I.D. Systems holds more than 75 patents related to its wireless solutions and has deployed VMS systems in more than 20 countries around the world.
About Vehicle Management Systems
Vehicle Management Systems (VMS) help improve workplace safety and security by restricting vehicle access to trained, authorized 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 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, streamlining material handling work flow, and providing unique metrics on equipment utilization.
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.
For Trade Press