Hackensack, NJ, March 8, 2010-I.D. Systems, Inc. (Nasdaq: IDSY) today announced that Royal Freight, LP, has signed a five-year agreement to purchase the VeriWise(TM) trailer management solution from I.D. Systems' Asset Intelligence subsidiary. Royal Freight, a truckload carrier with customers throughout North America, will initially equip 750 dry van trailers with VeriWise technology.
"After testing several trailer management systems, we found the VeriWise solution to have the greatest reliability and provide the most significant return on investment for our operation," said Bill Head, President of Royal Freight. "With VeriWise, which incorporates cargo and door sensors as well as location tracking, we can better secure and protect our customers' cargo, in addition to proactively tracking and managing our trailers for more effective fleet utilization."
The VeriWise solution combines sensor, wireless and web technologies to provide real-time, actionable insight into the activity of trailers and the cargo they carry. The system automatically identifies, analyzes and responds to critical delivery and security issues, giving customers the right information at the right place at the right time. By enabling greater visibility of and control over mobile assets, VeriWise helps its customers secure and streamline their transportation and logistics operations.
"We are gratified that Royal Freight found our VeriWise solution superior to other trailer management systems and determined that the value of our system justified fleet-wide deployment," said Darryl Miller, Chief Operating Officer of I.D. Systems. "We look forward to partnering closely with the Royal Freight team to deliver significant bottom-line benefits to its operation."
About I.D. Systems and Asset Intelligence
Based in Hackensack, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of wireless solutions for tracking, securing and managing high-value enterprise assets. The Company's patented technology, which utilizes RFID technology, addresses the needs of organizations to control, track, monitor and analyze their assets. For more information, visit www.id-systems.com.
Asset Intelligence, a subsidiary of I.D. Systems 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 Press