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 expand Knight's deployment of VeriWise™ trailer management solutions from I.D. Systems' Asset Intelligence subsidiary. Knight, an Asset Intelligence customer since 2000, will add more than 400 tracking systems to its trailer fleet under the contract, including VeriWise Reefer Control systems for refrigerated trailers and VeriWise Dry Van systems, with cargo sensing, for dry van trailers.
"We have tightly integrated VeriWise fleet management technology into our trailer operations and view it as a significant competitive advantage," said Steve Grover, Knight's Senior Vice President of Technology and Innovation. "VeriWise systems provide effective, reliable visibility and situational awareness of our trailer fleets to help us optimize asset utilization, minimize costs, and improve customer service."
"Knight has been an important Asset Intelligence customer and technology partner for 14 years," said Kenneth Ehrman, chairman and CEO of I.D. Systems. "We are gratified to continue to expand on that relationship with this new contract."
About VeriWise™ Solutions
VeriWise asset tracking systems combine sensor, wireless, and web technologies to provide real-time visibility and control of trailers and 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 power for an extended period--resulting in faster trailer turns, increased asset utilization, improved cargo security, and optimal fleet efficiency.
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's largest 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's 100 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 is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, containers, trailers, 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.
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.