News & Press Releases

Avis Budget Group Drives Forward Connected Car Innovation with I.D. Systems Technology

WOODCLIFF LAKE, N.J., Feb. 12, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology, announced today that Avis Budget Group has begun installing its Unified Telematics Platform (UTP) on vehicles in the Avis Car Rental fleet in the United States. Avis Budget Group will install a total of 50,000 UTP units, which effectively convert these vehicles into […]

I.D. Systems Receives Order from a Top-3 Automotive Manufacturer to Maximize Safety and Efficiency in Their Operations

I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology announced today that it has reached an agreement with several divisions of one of the world’s largest automotive manufacturers to purchase I.D. Systems’ PowerFleet® industrial vehicle management solution. These new orders include products and services totaling $2.8 million and will be deployed in four U.S. sites in 2018.

I.D. Systems Selected by Toyota Service Parts and Accessories Operations for Industrial Vehicle Management for 11 Parts Distribution Centers in U.S.

I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology, announced today that Toyota Motor North America Service Parts and Accessories Operations (Toyota) group has agreed to purchase its PowerFleet® industrial vehicle management solution for 11 parts distribution centers throughout the U.S. Initial DC deployment plans have been finalized with remaining DC’s to roll out in 2018. The agreement continues the established relationship between Toyota and I.D Systems, building on prior generation solutions used to manage and control forklifts in Toyota’s manufacturing operations.

Modern Materials Handling Article on Forklift Data Features I.D. Systems and Keytroller

Terry Wickman, the leader of I.D. Systems’ Keytroller division, and Dan Romary, I.D. Systems’ Vice President of Analytics and Software, are both quoted extensively in Modern Materials Handling this month, in an article titled “Leveraging Your Lift Truck Data.”  

I.D. Systems Receives Purchase Order from a Leading Global Online Retailer

WOODCLIFF LAKE, N.J., Aug. 10, 2017  — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has received an initial purchase order valued at $650,000  for one of the world’s largest online retailers for its PowerFleet® Vehicle Management System. I.D. Systems’ technology will be installed at three of the […]

I.D. Systems Reports Second Quarter 2017 Results

Revenue Up 20% Year-Over-Year to $10.7 Million, Driving Non-GAAP Profitability   Woodcliff Lake, NJ — August 3, 2017 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, reported results for the second quarter ended June 30, 2017. Management Commentary “We are encouraged […]

I.D. Systems Completes Keytroller Acquisition, Strengthening Market Position and Fueling Growth Potential

WOODCLIFF LAKE, N.J., Aug. 01, 2017 — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of mobile asset management technology and solutions for the Industrial Internet of Things, has completed its acquisition of Keytroller, LLC, a manufacturer and marketer of electronic products for managing forklifts, construction vehicles, and other industrial equipment. Combined, the companies have installed hundreds of thousands […]

I.D. Systems Prices $15.0 Million Underwritten Public Offering

Woodcliff Lake, NJ — July 12, 2017 — I.D. Systems, Inc. (NASDAQ: IDSY) (“I.D. Systems” or the “Company”) today announced the pricing of a $15.0 million underwritten public offering consisting of 2,608,695 shares of common stock at a price per share of $5.75. The Company has granted the underwriters a 30-day option to acquire up to 391,304 […]

I.D. Systems to Acquire Keytroller, Strengthening Its Position in Industrial Truck Management Market and Overall Growth Outlook

Woodcliff Lake, NJ — July 11, 2017 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of mobile asset management technology and solutions for the Industrial Internet of Things, has entered into a definitive agreement to acquire substantially all of the assets of Keytroller, LLC, a manufacturer and marketer of a wide range of electronic […]

I.D. Systems Announces Proposed Underwritten Public Offering

Woodcliff Lake, NJ — July 11, 2017 — I.D. Systems, Inc. (NASDAQ: IDSY) (“I.D. Systems” or the “Company”) today announced that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be […]