WOODCLIFF LAKE, N.J. — I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless M2M asset management solutions, has received a purchase order valued at approximately $400,000 to deploy its PowerFleet® wireless industrial Vehicle Management System (VMS) for a leading global manufacturer of machinery and heavy equipment. This is a new customer for I.D. Systems. The order was generated by one of I.D. Systems' channel partners.
"The addition of this multinational manufacturer to I.D. Systems' customer base gives our wireless technology unprecedented penetration with the world's most prominent heavy equipment makers," said Kenneth Ehrman, I.D. Systems' chairman and CEO. "We view this as an implicit endorsement of the high value that our VMS solutions provide in manufacturing operations. We look forward to the opportunity to expand this customer's deployment of our technology across its enterprise, as we have expanded with many other customers with global supply chains."
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.