Yale Materials Handling Teams with I.D. Systems to Promote Wireless Fleet Management Technology
CLEVELAND, OH, March 27, 2006 - I.D. Systems, Inc. (NASDAQ: IDSY) and Yale Materials Handling Corporation, a unit of NACCO Materials Handling Group, Inc., announce a joint promotion of I.D. Systems' Wireless Asset Net(TM) vehicle management system on opening day of NA 2006.
Yale® has installed an active I.D. Systems Vehicle Asset Communicator® on a lift truck in Yale's booth (number 2213), with the device linked wirelessly to a full, live system demonstration in I.D. Systems' booth (number 1041). Visitors can:
o Test vehicle access control
o Fill out electronic safety checklists
o Send and receive text messages
o View vehicle location and activity via remote software
o Experience many other system functions first hand
Following the conference, Yale and I.D. Systems plan to pursue a joint marketing initiative.
I.D. Systems' patented Wireless Asset Net system consists of intelligent, RFID-based, vehicle-mounted computers (Vehicle Asset Communicators), a wireless communication infrastructure, and client-server software. The system has demonstrated a substantial return on investment for users by improving industrial workplace safety and security, reducing vehicle maintenance expenses and other fleet operating costs, and increasing fleet efficiency and productivity.
"Yale has a strategic focus on providing superior fleet management to its customers," said Bruce Pelynio, Yale Materials Handling Corporation's Director of Aftermarket Sales. "The flexible functionality of I.D. Systems' wireless vehicle tracking and control technology gives Yale a unique opportunity to tailor fleet management solutions to fit diverse customer needs and - using the system's delivery of timely, accurate vehicle data - to improve fleet maintenance efficiencies."
"Because I.D. Systems has provided successful wireless vehicle management solutions for a wide range of important end users - including Ford, Target, Walgreens, Wal-Mart, the US Postal Service, and the US Transportation Security Administration - we are in an ideal position to support Yale in its fleet management initiatives," said Greg Smith, I.D. Systems' Vice President of Marketing. "In addition to working on a joint marketing program, we also look forward to exploring possibilities for integrating our technology further into Yale's vehicle manufacturing process."
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Yale Materials Handling Corporation markets a full line of material handling lift truck products and services, including electric, gas, LP-gas and diesel powered lift trucks; narrow aisle, very narrow aisle and motorized hand trucks. Yale® offers comprehensive Fleet Management services, as well as service, parts, financing and training. Yale trucks are manufactured in our ISO 9001:2000 registered facility and range in capacity from 2,000 to 36,000 pounds. For more information, or to find the Yale lift truck dealer nearest you, call 1-800-233-YALE or visit www.yale.com.
I.D. Systems is a leading provider of wireless solutions for managing and securing high-value enterprise assets, such as forklifts, airport equipment and rental vehicles. For more information, visit www.id-systems.com.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, fluctuations in operating results and other risks detailed from time to time in I.D. Systems' filings with the Securities and Exchange Commission. These risks could cause I.D. Systems' actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, I.D. Systems. I.D. Systems assumes no obligation to update the information contained in this press release.
I.D. Systems Media Contacts:
For Financial Press For Trade Press
Ned Mavrommatis Greg Smith
Chief Financial Officer Vice President Marketing
ned@id-systems.com gsmith@id-systems.com
Phone: 201-996-9000 Fax: 201-996-9144
Yale Materials Handling Corporation Media Contact:
Peter Setaro
Public Relations Account Executive
609-452-8500 x127
psetaro@princetonpartners.com
