I.D. Systems Receives Follow-On Orders Valued at $1.2 Million as Fortune 100 End User Continues Expanding Wireless VMS Deployment
Woodcliff Lake, NJ — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a series of purchase orders, valued in excess of $1.2 million, 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 more than 25 of the end user's facilities.
The orders were generated by one of I.D. Systems' channel partners.
"This tranche of purchase orders follows another series of orders we received in the first quarter of 2014, bringing the year-to-date value of this end user's rollout of our PowerFleet system to more than $2 million," said Kenneth Ehrman, president and interim CEO of I.D. Systems. "We see this as another clear indication of the high value our wireless VMS provides for material handling operations. We look forward to continue expanding the benefits of our patented wireless technology across this Fortune 100 end-user's enterprise."
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. PowerFleet® is a registered trademark of I.D. Systems. For more information, visit www.id-systems.com.
