I.D. Systems Receives Follow-On Order for Wireless Industrial Vehicle Management System from Leading Global Equipment Manufacturer
Woodcliff Lake, NJ — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a follow-on purchase order for its PowerFleet® wireless industrial Vehicle Management System (VMS) from a leading multinational manufacturer of heavy equipment, a current customer. The order is valued at approximately $300,000. After implementation, I.D. Systems will have deployed its PowerFleet VMS in nine of the customer's facilities. This order represents the first deployment for the customer outside of the United States.
"Our multinational customers continue to expand their use of our industry-leading wireless VMS technology for managing their fleets of material handling equipment," said Kenneth Ehrman, I.D. Systems' chairman and CEO. "We have no doubt that VMS is being viewed as both a best practice and a competitive advantage among companies with global supply chains. We look forward to helping this customer further expand its deployments of I.D. Systems' wireless solutions across its international operations."
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 (VMS)
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.
