Raymond Corporation Places $1.1 Million Order for I.D. Systems' Wireless Vehicle Management System
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Woodcliff Lake, NJ - I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless asset management solutions, today announced that it has received purchase orders totaling approximately $1.1 million from The Raymond Corporation, which offers I.D. Systems' PowerFleet(TM) vehicle management system through a marketing agreement. The system will be deployed enterprise-wide across the industrial truck fleets of a major North American provider of package delivery and logistics services.
The Raymond Corporation is a leading global provider of material handling solutions, including Raymond® brand lift trucks and the iWarehouse® fleet optimization system. Kenneth Ehrman, president of I.D. Systems, said, "The best-in-class vehicle management systems and fleet optimization tools that we provide jointly with Raymond provide end-users with compelling value, as demonstrated by the investment that this package delivery and logistics organization has made in our solutions. I.D. Systems' wireless technology helps customers establish best practices for material handling safety, reduce capital and operating costs, and increase supply chain productivity."
About Wireless Vehicle Management Systems
A wireless vehicle management system (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. A wireless VMS also 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 workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and managing vehicle impacts.
About I.D. Systems:
Based in Woodcliff Lake, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of solutions for securing, controlling, tracking, and managing high-value enterprise assets, including vehicles, powered equipment, trailers, containers, baggage, and cargo. The Company's patented technologies address the needs of organizations to monitor and analyze their assets to improve safety, security, efficiency, and productivity. For more information, visit www.id-systems.com.
About The Raymond Corporation:
The Raymond Corporation is a global provider of unmatched material handling technology, expertise and support to increase productivity and cost-efficiency. High-performance, reliable Raymond® lift trucks range from a full line of manual and electric pallet trucks and walkie stackers to counterbalanced trucks, Reach-Fork® trucks, orderpickers and Swing-Reach® trucks. Through its CustomCare(TM) approach, Raymond and its Sales and Service Centers deliver a comprehensive package of personalized enterprise solutions - like the iWarehouse® fleet optimization system, in-depth industry knowledge and consulting, flexible financing, OSHA-compliant training, and industry-leading asset protection - to optimize warehouse operations.
