WOODCLIFF LAKE, N.J. and PLANO, Texas – I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless M2M asset management solutions, has executed a contract with Knight Transportation, Inc. (NYSE:KNX), one of North America's largest truckload carriers, to extend Knight's deployment of VeriWise™ transportation asset management solutions from I.D. Systems' Asset Intelligence subsidiary. The renewal contract, which has a term of one year, is valued at more than $900,000.
Knight, an Asset Intelligence customer since 2000, utilizes a wide range of VeriWise systems to manage its trailer fleet, including VeriWise Dry Van systems with cargo sensing for dry van trailers, VeriWise Reefer Control systems for refrigerated trailers, and VeriWise Track and Trace systems for chassis, flatbed trailers, and dry vantrailers.
"We have tightly integrated VeriWise systems as a best practice for managing our trailer fleet operations," said Steve Grover, Knight's Senior Vice President of Technology and Innovation. "As part of this contract extension, we are expanding the way we interface with the system's valuable data. I.D. Systems' Asset Intelligence team has worked with us to develop outstanding, innovative software tools, including fuel management dashboards, mobile device reporting, and a mobile field service management application."
"We are delighted to deepen our relationship with Knight, which has been a key Asset Intelligence customer and technology partner for overa decade," said Kenneth Ehrman, chairman and CEO of I.D. Systems. "We look forward to continue as an important M2M technology solution provider for Knight."
About VeriWise™ Solutions
VeriWise asset tracking systems combine sensor, wireless, and web technologies to provide real-time visibility and control of trailer sand their cargo. The systems automatically identify, analyze, and respond to critical transportation issues to improve the efficiency and security of logistics operations.
VeriWise Dry Van is an advanced trailer monitoring system with patented full-length cargo detection sensors and solar charging technology. The system reports reliable, uninterrupted trailer location and loaded/unloaded status--even if the trailer is disconnected from tractor powerfor an extended period--designed for faster trailer turns, increased asset utilization, improved cargo security, and optimal fleet efficiency.
VeriWise Intermodal container management system helps increase asset utilization and reduce transit cycle times. The system enables visibility and control of containers from the seaport to the rail yardand ultimately to the final destination, marking loading and unloading events, which helps increase shipments and revenue per container.
VeriWise Chassis tracking system provides visibility to chassis location and loaded/unloaded status. The system also captures gate times/locations and container mount times/locations to start and stop the billing clock, resulting in high data reliability and more accurate billing.
VeriWise Reefer is a refrigerated trailer management solution, which has been integrated with both Thermo King and Carrier, the world's leading reefer manufacturers. It allows users to manage temperature set points remotely and react to problems quickly, with real-time alerts based on automatic exception data analysis.
VeriWise Track Trace is a low-cost, easy-to-deploy, asset tracking system that provides real-time data to improve the efficiency and security of trailer and container fleets. It is designed for quick, easy, flexible installation on a wide range of cargo-carrying assets, with patented power management technology to provide exceptionally long battery life and years of maintenance-free operation.
About Knight Transportation
Phoenix-based Knight Transportation, Inc. is one of North America'slargest and most diversified truckload transportation companies, with a fleet of approximately 9,000 trailers and 2013 revenue of $969 million. In 2014, the company was named by Forbes magazine as one of "America's100 Most Trustworthy Companies." For more information, please visit www.knighttrans.com.
About I.D. Systems and Asset Intelligence
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 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 about I.D. Systems, please visit www.id-systems.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of trailer and container tracking solutions for manufacturers, retailers, shippers and freight transportation providers. It offers a full range of solutions to improve safety, security and productivity throughout global supply chains.
For Trade Media Todd Felker EVP Marketing, I.D. Systems firstname.lastname@example.org; 972-398-7303