New 2018 orders for I.D. Systems' PowerFleet® industrial vehicle management solution to control, track, and maintain forklifts in multiple manufacturing operations in U.S.
WOODCLIFF LAKE, N.J., Jan. 31, 2018 - I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology announced today that it has reached an agreement with several divisions of one of the world’s largest automotive manufacturers to purchase I.D. Systems’ PowerFleet® industrial vehicle management solution. These new orders include products and services totaling $2.8 million and will be deployed in four U.S. sites in 2018.
I.D. Systems’ patented PowerFleet® Vehicle Management Systems (VMS) helps improve supply chain safety and productivity by restricting vehicle access to only trained and authorized operators, providing electronic vehicle inspection checklists, and sensing and reporting vehicle impacts. In addition, PowerFleet® reduces fleet maintenance costs by automatically uploading vehicle operational data, reporting equipment problems, scheduling maintenance according to actual vehicle usage rather than by calendar or manual data entry, and helping determine the optimal economic time to replace equipment.
“We are proud that several of the largest automotive manufacturers are I.D. Systems customers and are consistently choosing PowerFleet to help ensure safe and efficient operations in their manufacturing and warehousing operations,” said Chris Wolfe, CEO of I.D. Systems. “We’ve been supporting the automotive industry for many years now, and we continue to deliver innovative and reliable solutions for top manufacturing operations so they can remain safe and drive productivity improvements.”
About I.D. Systems
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Florida, Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, 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, please visit www.id-systems.com.