I.D. Systems' Wireless Industrial Vehicle Management System Ordered by Fortune 500 Tobacco Company
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Woodcliff Lake, NJ — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a purchase order from a Fortune 500 tobacco company to deploy its PowerFleet® wireless Vehicle Management System (VMS) on a fleet of material handling equipment at a U.S. production and distribution facility. The order, valued at approximately $160,000, follows a pilot implementation at the same facility in the third quarter of 2013.
"We are pleased that another successful pilot program has transitioned to a full-site implementation, and we look forward to developing more business opportunities across this customer's enterprise," said Kenneth Ehrman, I.D. Systems' chairman and CEO. "It is gratifying to add another Fortune 500 company to our customer base, especially in a new market segment. This is our first major customer in the tobacco industry."
About Wireless Vehicle Management Systems
A wireless vehicle management system (VMS) helps improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and managing vehicle impacts. A wireless VMS helps reduce industrial fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, 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. In addition, a wireless VMS helps improve material handling productivity by establishing accountability for the use of equipment, ensuring equipment is in the proper place at the right time, and providing unique fleet utilization metrics.
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 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. PowerFleet® is a registered trademark of I.D. Systems. For more information, visit www.id-systems.com.
