New I.D. Systems Product Line Transforms Logistics Visibility

Introducing “Intelligent Logistics,” an Advanced Visibility Solution

WOODCLIFF LAKE, N.J., Oct. 29, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Internet of Things technology, today announced the release of a new line of asset telemetry solutions, a suite of interoperable sensors, as well as an interactive voice-user interface for accessing the power of I.D. Systems’ analytics platform without the need to manually run reports. This launch includes a first-of-its-kind image-based cargo visibility detector. These robust technological platforms enhance I.D. Systems tracking, monitoring and reporting capabilities to provide freight transportation providers, shippers and supply chain stakeholders with powerful insights to make smarter, faster decisions for higher overall performance.

LV-Series, a Cargo-Tracking Solution Suite

LV-100 / LV-300 / LV-500 / LV-710 / LV-740

The I.D. Systems LV Asset Tracking and Freight Visibility Series address a critical gap in the supply chain by giving users real-time updates into their freight through imagery and environmental sensors. Driven by wireless sensor integration and visual image confirmation, the LV Series monitors the condition and status of the cargo including temperature, humidity and shock, and tracks the asset’s location, loaded levels, tire pressure, anti-lock braking system lights, and other elements.

The three asset tracking models (LV-100, LV-300 and LV-500) vary according to power management technology such as a long-life primary battery, rechargeable battery, or dual-power source. Each includes I.D. Systems’ field proven drive-segment detection and well as time-based and sensor-event reporting. They also incorporate wireless sensing of both LV-710, LV-720 and LV-730 on-asset sensors as well as LV-740 pallet-level sensors.

The LV-710 is a patent-pending, wireless high-definition camera, image recognition processor, door sensor and cargo-area environmental sensor that integrates with the family of LV primary asset tracking devices, and our new Powerfleet Yard smart phone app. When utilized with LV-740 pallet sensors, the LV-710 can also detect and report if and where pallets are loaded, as well as environmental alerts (e.g. temperature, etc.), to deliver complete cargo visibility.

Lucy, an Interactive Voice-User Interface

Lucy is an integrated voice-activated system that provides dynamic interaction with a fleet’s asset and cargo database. From providing detailed in-transit reporting to real-time status and analytics, Lucy quickly and easily unlocks actionable insights and opportunities without the time and hassle of manually running reports. In addition, Lucy leverages its voice-activation technology with the Bing search engine to provide users with up-to-the-minute traffic, weather and other valuable updates along planned or existing routes.

For more information on this new line of sight for assets and freight from I.D. Systems, please visit www.powerfleet.com.

About I.D. System

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M and IoT solutions for securing, controlling, tracking, and managing high-value enterprise assets such as 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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to I.D. Systems’ beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond I.D. Systems’ control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding: prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion or other financial information; emerging new products; and plans, strategies and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2017. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, I.D. Systems. Unless otherwise required by applicable law, I.D. Systems assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

I.D. Systems Introduces FleetView™ Next-Generation Fleet Management Software

Woodcliff Lake, N.J. — September 15, 2016 — The Asset Intelligence® subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, announces the release of its next generation FleetView™ transportation fleet management interface for fleets of dry van trailers, intermodal containers, chassis, and flatbed trailers.
Providing online user access to the VeriWise fleet management platform, FleetView represents a major step forward in fleet management software, giving users better visibility of their assets while streamlining system functionality, resulting in an improved and enriched user experience.  With a modernized and simplified design, the FleetView user interface is intuitive and easy to learn, and places emphasis on visual navigation to make routine fleet management tasks and activities more efficient, and provide quicker access to critical information.
FleetView provides customizable real-time fleet status and advanced drill-down reporting capabilities, delivering critical information including when assets are moving, when they are loaded or unloaded, when assets enter or exit geofenced landmarks, when they are dormant and for how long.  FleetView is designed to help fleet managers, dispatchers, safety managers, and maintenance personnel by providing up to the minute information on the status of their fleets, and help operations teams coordinate activities as they are taking place.
The new core Visibility module within the FleetView interface provides a map-based visualization of information, allowing users to quickly see and assess the data they need to manage fleet operations.  The Visibility module acts as a central information hub through which most decisions and actions can be performed, simplifying the user experience.  Within the module, users can run reports quickly with geographic and status filters combined with map and tabular controls to provide prioritized information on asset activity, history, and landmarks displayed for the current map view.
As a fully hosted, cloud-based solution, FleetView requires no additional hardware or software to deploy, and can be used with any modern web browser.
“With the release of our new FleetView software, our customers now have access to the industry’s most advanced and innovative fleet management platform,” said Ken Ehrman, CEO of I.D. Systems.  “FleetView is an essential tool for transportation companies needing to improve operational efficiency, reduce cycle time, increase asset utilization, and improve profitability.  The customer’s experience was at the forefront of our development of FleetView, and we believe we have succeeded in delivering a solution that customers will love to use and is vital to their everyday operations.”
About VeriWise® Transportation Asset Management 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.
The VeriWise Intermodal Container management system helps increase asset utilization and reduce transit cycle times. The system enables visibility and control of containers from the seaport to the rail yard and ultimately to the final destination, marking loading and unloading events, which helps increase shipments and revenue per container.
The VeriWise Chassis tracking system provides visibility to chassis location and loaded/unloaded status. The system also captures gate times/locations and container mount times/locations to start and stop the billing clock, resulting in high data reliability and more accurate billing.
VeriWise Dry Van is an advanced trailer monitoring system with patented full-length cargo detection sensors.  The system reports reliable, uninterrupted trailer location and loaded/ unloaded status—even if the trailer is disconnected from tractor power for an extended period—designed for faster trailer turns, increased asset utilization, improved cargo security, and optimal fleet efficiency.
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 I.D. Systems, Inc. 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 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. For more information, visit www.powerfleet.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward looking statements within the meaning of the federal securities laws. Forward-looking statements include statements with respect to I.D. Systems’ beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond I.D. Systems’ control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding: prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion or other financial information; emerging new products; and plans, strategies and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2015. These risks could cause actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, I.D. Systems. Unless otherwise required by applicable law, I.D. Systems assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

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I.D. Systems Secures New Orders from Leading Global Intermodal Shipping Company for VeriWise® Intermodal Container Systems

Woodcliff Lake, N.J. — September 14, 2016 —  The Asset Intelligence subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has secured a new order from a global intermodal shipping company for 3,500 VeriWise® Container tracking systems to be deployed on its fleet of newly purchased containers.  The order follows a previous order placed in Q1 2016 from the customer for an initial 1,500 VeriWise Container tracking systems.
The customer, an industry leader in intermodal container shipping, chose Asset Intelligence to provide an advanced tracking solution for its assets to ensure the most efficient utilization of its new containers, as well as deliver the highest level of service to its customers.  With greater visibility into the status and location of its assets, the customer is able to provide up to date information to its customers on the status of their shipments.
Additionally, the VeriWise Container system provides critical insight into container load status and shipment cycle times, information required to enable improvements in efficiency and asset utilization.  Through the VeriWise IQ® Analytics platform, the company is able to monitor key performance indicators, and gain insight into historical operational performance.
Ken Ehrman, CEO of I.D. Systems, said, “These new orders from one of the largest intermodal shipping companies in the industry encourages us to continue delivering on our promise to our customers to provide the best and most reliable fleet management technology in the transportation industry.  We are very pleased that our customer is seeing the benefits from our intermodal container management solutions, and are eager to continue proving the value our solutions deliver.”
About VeriWise® Container Management Solutions
The VeriWise Intermodal Container tracking solution helps carriers maximize container utilization and efficiency, and minimize idle time by providing:

  • Real-time location status reporting and notifications;
  • Real-time data on load status throughout the shipment cycle using VeriWise patented ultrasonic cargo sensing and light sensing technologies. VeriWise Container is the only integrated solution that provides full 53’ length cargo load status and door status without the need for wired sensors;
  • Improved shipment cycle times by an average of 72 hours per container per month, and increased shipment volume and revenue by 10%, without increasing fleet size.

About I.D. Systems, Inc. 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 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. For more information, visit www.powerfleet.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.

I.D. Systems Signs New Intermodal Chassis Customer

Woodcliff Lake, N.J. — September 13, 2016 — The Asset Intelligence® subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, announces a new customer relationship for deploying its VeriWise® Chassis tracking solution.
American Intermodal Management, based in Scottsdale, AZ, is partnering with Asset Intelligence to deploy its VeriWise chassis fleet management solution on its fleet of new chassis. The chassis fleet operator chose the Asset Intelligence solution after an evaluation of available asset-tracking systems in the market.
American Intermodal Management sees a gap in the marketplace related to the quality and availability of equipment and service, and views chassis tracking technology as an enabler for providing a higher level of service to its customers.  With increased asset visibility, reliable operational data, and accurate reporting information provided by the VeriWise Chassis tracking solution, American Intermodal is able to improve the efficiency, productivity, and availability of its assets.
Nathaniel (Than) Seeds, CEO of American Intermodal Management, stated: “AIM’s business model is centered around providing exceptional service to our customers. The VeriWise Chassis solution, featuring AIM-specific intelligence enhancements, are an important part of our service delivery capabilities. We want to be on the forefront of technology in the intermodal shipping industry. AIM chassis with VeriWise enables real-time visibility to bring new efficiencies and operational insights to our customers.”
Matt Harris, Sr. Vice President of Sales at Asset Intelligence, said: “We are very happy to provide American Intermodal Management with our industry-leading technologies that will help them deliver the highest level of service for their customers.”  Mr. Harris added, “AIM is combining the newest equipment with advanced tracking technology to help its fleet operate with optimal efficiency, and ensure its chassis are available exactly when and where customers need them.  We are pleased that our technology will help them accomplish these goals.”
About VERIWISE® Chassis Solutions
VeriWise® Chassis is a complete chassis fleet management system designed to help chassis providers improve operations through:

  • improved chassis fleet utilization, including more rapid redeployment of dormant chassis, resulting in increased revenue;
  • improved asset turn times, from dispatch and pickup to delivery;
  • revealing which markets and customers perform best and worst
  • decreased truck travel time, fuel costs and emissions;
  • increased visibility of assets, with ability to identify misuse
  • reduced chassis maintenance costs; and
  • improved billing accuracy, giving chassis pool operators the hard data needed to resolve billing disputes

About I.D. Systems, Inc. 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 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. For more information, visit www.powerfleet.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.
About American Intermodal Management
Headquartered in Scottsdale, Arizona, American Intermodal Management (AIM) was formed in 2016 in response to strong industry demand for alternatives in chassis provisioning and intermodal asset management across the U.S. The AIM business model enhances supply chain management using innovative technologies to deliver a superior customer experience.

I.D. Systems Appoints Former Qualcomm Division President Chris Wolfe as New Chief Product Officer

Woodcliff Lake, NJ — July 29, 2016 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, has appointed industry veteran Chris Wolfe to the new position of chief product officer, effective August 4, 2016. Wolfe brings more than 20 years of experience in building, implementing, and selling paradigm-changing technology solutions.
Wolfe began his career at several leading transportation companies, including Roadway Express and Leaseway Transportation. He then served in various leadership, management, and product implementation roles at Qualcomm (NASDAQ: QCOM), a world leader in 3G, 4G and next-generation wireless technologies. In his most recent role at Qualcomm, Wolfe served as president of the Wireless Business Solutions division, where he oversaw and helped successfully launch the company’s TrailerTRACS product, Qualcomm’s first major wireless product launch since the roll-out of its flagship product, OmniTRACS.
Within one year, Wolfe helped TrailerTRACS become the number one trailer-tracking system in the market, with several multi-million dollar contracts from some of the biggest users and purveyors of truckload, intermodal, and logistics services, including Schneider National and Swift Transportation. During his tenure as president, Qualcomm’s Wireless Business Solutions division experienced 63% increase in revenues from $270 million to $440 million.
Wolfe also worked as an independent strategy consultant for I.D. Systems, where he provided numerous product quality assessments, as well as contributions to key engineering projects. In his position as chief product officer, he will manage the product and engineering teams, and will report directly to the company’s COO Norm Ellis. Wolfe will be responsible for all product-related initiatives, including product development, assessment, and management. The company plans to reapportion certain costs from other departments to provide for Wolfe’s compensation.
“After a successful six months working with Chris to ensure we delivered the highest-quality products, we realized the important value he brought to our organization, and knew that he would make a great addition to our executive team,” said I.D. Systems Chairman and CEO Kenneth Ehrman. “Chris brings a deep understanding of the industry and what it takes to make a great product and grow revenue, and we will continue to look to him to ensure that we not only deliver the most scalable and high-quality solutions of today, but also for the future. With his appointment, we now have arguably the most experienced management team in the rapidly growing industrial Internet of Things space.”
Wolfe added: “Working with I.D. Systems over the last six months gave me an in-depth understanding of the amount of effort and work that goes into making a best-in-class product that meets all of the expectations of the company’s Fortune 100 customers. Now, as chief product officer, my priorities are to ensure our product line-up and roadmap remain best-in-class and ensure the successful delivery and implementation of our technology solutions to take the company to the next level. My extensive industry experience combined with I.D. Systems’ capabilities and market position, ideally positions us to capitalize on the global industrial Internet of Things revolution.”
Wolfe received degrees in business, computer technology and education from the University of Akron. In addition, he completed an executive management course with Stanford Executive Institute and successfully completed preliminary MBA finance and accounting courses at Cleveland State University.
About I.D. Systems
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 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. For more information, visit www.powerfleet.com.

I.D. Systems Acquires New Intermodal Chassis Customer

Woodcliff Lake, N.J. — April 7, 2016 — The Asset Intelligence subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, announces the acquisition of a new customer deploying its VERIWISE® Chassis tracking solution.
The North American Chassis Pool Cooperative, known as NACPC, is partnering with Asset Intelligence to deploy its VERIWISE® Chassis fleet management solution on 270 chassis in NACPC’s fleet. NACPC President Dave Manning strongly believes this new technology will provide substantial business value.
“Having the ability to track our chassis will allow us to leverage the multitude of information we receive from continual asset tracking,” said Manning. “We envision the future of chassis logistics as heavily relying on this tracking information instead of solely depending on gate activity. As an organization that is dedicated to keeping our assets in a closed loop, this tracking will assist us in this endeavor by helping us quickly locate a chassis should they slip out of the closed loop.”
The VERIWISE® Chassis fleet management solution from Asset Intelligence enables chassis fleet operators to:

  • Improve fleet utilization, including more rapid redeployment of dormant chassis, resulting in increased revenue;
  • Improve cargo turnaround times, from dispatch and pickup to delivery;
  • Improve billing accuracy with reliable data that shows when assets move and when the billing clock starts and stops
  • Decrease time and fuel costs spent searching for chassis by eliminating manual yard checks and enabling the nearest chassis to be utilized;
  • Reduce chassis maintenance costs by performing preventive maintenance based on actual mileage rather than calendar schedules;
  • Improve verification of intermodal container returns.

Matt Harris, Sr. Vice President of Sales for Asset Intelligence, stated: “We are very pleased to have the opportunity to partner with NACPC, a leader in chassis pool management. Our solutions will provide NACPC with critical visibility and fleet status, and we believe will ultimately help them maximize the efficiency and productivity of their chassis pool.”
Mr. Harris added that the ability to track chassis with accurate, real-time information can provide NACPC with an operational advantage. “Our solution gives NACPC visibility into the location and status of their assets, allowing leased chassis to be kept in the proper lanes for their customers. VERIWISE Chassis also provides valuable data and insight to increase asset utilization and ensure chassis fleets are sized appropriately to meet customer demand. Additionally, tracking improves billing accuracy, giving chassis pool operators the hard data needed to resolve billing disputes, a common industry challenge. All of these benefits give NACPC an advantage in serving their customers.”
The chassis pool industry is poised to see growth in the use of tracking technology in coming years. Traditionally, tracking has been primarily used by truckload carriers for their dry van fleets; however, the industry is now seeing early adoption on chassis fleets. “NACPC is certainly well ahead of the industry with this trend, and will be able to have a leg up on their competition by realizing the benefits of tracking. We’re thrilled to partner with an innovative leader in the industry, and continue to prove the value chassis tracking provides to pool operators.”
About NACPC
The North American Chassis Pool Cooperative, or NACPC, was founded in 2012 with the goal of providing a modern fleet of chassis to users with at cost pricing. The cooperative is committed to supporting the U.S. intermodal container network with an efficient chassis inventory. Use of NACPC chassis is open to all qualified motor carriers. Contributory “gray pools” allow users to draw any chassis from the pool regardless of ownership. The contributory pool model thus eliminates duplicative costs and maximizes the use of limited space at port and or inland intermodal locations by obviating the need for a contributor to have its own chassis storage facility. It also ensures an adequate supply of chassis for all users. The pool managers are responsible for chassis logistics, inventory supply, maintenance and repair and the repositioning of the chassis but usage arrangements are determined between the chassis contributor and its user. Contributory gray pools foster competition by allowing motor carrier users to select from more than one chassis provider. Currently, NACPC operates more than 13,000 chassis in four CCM managed pools; MCCP, COCP, GCCP & SACP. For more information, please visit www.NACPC.org.
About I.D. Systems, Inc. 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 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. For more information, visit www.powerfleet.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.

I.D. Systems Wins $1.4 Million Contract from New Intermodal Container Customer

Woodcliff Lake, N.J. — March 10, 2016 — The Asset Intelligence subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, announces the acquisition of a new customer deploying its VERIWISE® Intermodal Container tracking solution.  The customer, one of North America’s largest providers of intermodal transportation services, selected the VERIWISE solution following extensive evaluation and competitive analysis, citing the VERIWISE IQ™ Analytics solution as well as the system’s fully integrated and rugged hardware design as the primary factors in the selection. The initial order is valued at $1.4 million with a 5 year service term, representing the beginning of a long-term relationship.
Matt Harris, Asset Intelligence Sr. Vice President of Sales, stated: “This is a big win for Asset Intelligence and I.D. Systems, and continues to validate the value that our intermodal container solution delivers to our customers.  Building on our other recent wins in this market, we couldn’t be happier that this very large new customer selected our solution after their evaluation and due diligence of other competitive products.
“We believe VERIWISE is the best offering in the intermodal container market, and our growing customer list of industry leaders is further validation of our technology leadership,” continued Harris.
The new customer chose the VERIWISE solution based on the system’s superior hardware design which includes low-profile and secure mounting inside the corrugation of containers, protecting the device from damage.  In addition, both load and light sensors are fully integrated and do not require any cabling inside the container.  The customer also preferred the VERIWISE IQ™ Analytics platform which drives additional value by providing comprehensive fleet visibility of key performance indicators.
About VERIWISE® Intermodal Container Solutions
The VERIWISE Intermodal Container tracking solution helps carriers maximize container fleet utilization and minimize idle time by providing visibility of loading/unloading events.  Using ultrasonic cargo sensing and patented light sensing technologies, the system generates real-time data on load status throughout the shipment cycle, and is the only integrated solution that provides load and door status without the need for wired sensors.  The system can reduce shipment cycle times by an average of 72 hours per container per month, and increase shipment volume and revenue by 10%, without increasing fleet size.
VERIWISE IQ™ Analytics is a robust intelligence platform that provides comprehensive visibility of transportation asset fleets including intermodal containers, chassis, and dry vans.  With the insight enabled by VERIWISE IQ, businesses can identify opportunities to optimize fleet operations and align their fleet with their business objectives.  By visualizing and understanding critical data, carriers can transform their business by improving the speed and quality of decisions, and shed light on the outcomes of those decisions.
About I.D. Systems, Inc. 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 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. For more information, visit www.powerfleet.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.

Leading Freight Carrier Expands Implementation of I.D. Systems VeriWise® Intermodal Container Solution

Woodcliff Lake, N.J. — February 26, 2016 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has received additional orders from one of North America’s largest truckload carriers for the VeriWise® Intermodal Container tracking system.  The carrier purchased 500 new units, adding to a previous large-scale purchase in 2014, and extended the service contracts from previous purchases by 3 years.  Together, the new purchases and service extension contracts are valued at $1.2 million.
The VeriWise® Intermodal Container tracking solution helps carriers maximize container fleet utilization and minimize idle time by providing visibility of loading/unloading events.  Using ultrasonic cargo sensing and patented light sensing technologies, the system generates real-time data on load status throughout the shipment cycle, and is the only integrated solution that provides load and door status without the need for wired sensors.  The system can reduce shipment cycle times by an average of 72 hours per container per month, and increase shipment volume and revenue by 10%, without increasing fleet size.
I.D. Systems Chairman and CEO Kenneth Ehrman stated: “We are delighted that our VeriWise® Intermodal Container solution is delivering the value we expected to see for this customer.  With the real time visibility provided by VeriWise®, intermodal carriers can improve container shipping by enabling quicker asset turns, minimizing idle time, and reducing chassis rentals.  These benefits have a clear and direct impact on increasing revenue per container and boosting bottom line results.”
About I.D. Systems, Inc.
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 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. For more information, visit www.powerfleet.com.

I.D. Systems Introduces Powerfleet IQ™ and VeriWise IQ™ Next-Generation Analytics for Industrial Vehicles, Containers and Trailers

Woodcliff Lake, NJ, January 7, 2016—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, has launched its latest generation of supply chain asset analytics software: Powerfleet IQ™ for fleets of forklifts and other industrial trucks, and VeriWise IQ™ for fleets of containers, trailers and other transportation assets.
Powerfleet IQ and VeriWise IQ provide a holistic view of asset activity across an enterprise supply chain. The systems generate asset performance metrics, site-by-site assessments, enterprise-wide benchmarks, and peer industry comparisons. The data benefits facility managers, fleet managers and corporate executives by identifying opportunities to improve asset management and measuring asset and system performance on an ongoing basis.
Powerfleet IQ and VeriWise IQ convey data through both Key Performance Indicator (KPI) dashboards and detailed reports that can be emailed to users automatically. The KPIs answer critical questions, including: How effectively are assets being managed? How efficiently are asset fleets being utilized? Are operations being conducted safely? Is asset management technology being used to its full potential?
I.D. Systems’ analytics software starts with high-level, strategic data elements, such as geographical distribution of asset utilization, asset performance trends, asset performance compared to the user’s enterprise average and peer industry, and asset management system health. The software also drills down to tactical details at the site and individual asset levels, pinpointing best-practice, average, and underperforming fleet facilities and assets.
“With our Powerfleet IQ and VeriWise IQ analytics platforms, we continue to improve the critical business intelligence we provide to customers on their supply chain assets,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “Measuring asset performance against our unique database—encompassing hundreds of millions of asset activity hours across more than a decade of fluctuating economic activity—helps our customers gain unmatched insights, not only within their enterprises, but across their industries. We think the depth and quality of our supply chain asset data is a game-changer for any large enterprise with extensive material handling or trucking operations.”
“More specifically, I.D. Systems customers can use Powerfleet IQ and VeriWise IQ information to optimize the health of their asset management systems, quantify best-practices for managing industrial trucks and freight transportation fleets, identify inefficiencies in asset performance across sites and geographic regions, identify opportunities to improve asset utilization and reduce costs with full enterprise awareness, and help forecast future asset requirements. Collectively, these capabilities help management improve the speed and quality of their business decisions, and shed light on the outcomes of those decisions, to generate a greater return on investment from corporate assets.”
About Powerfleet® Industrial Vehicle Management Systems (VMS)
I.D. Systems patented Powerfleet® Wireless Industrial Vehicle Management Systems (VMS) helps improve supply chain productivity by establishing accountability for the use of forklifts and other industrial trucks,  ensuring equipment is in the proper place at the right time, streamlining material handling work flow, and providing unique metrics on vehicle utilization.  The Powerfleet® VMS also helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting equipment 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, Powerfleet® helps improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and sensing vehicle impacts.
About VeriWise™ Transportation Asset Management 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 Intermodal Container management system helps increase asset utilization and reduce transit cycle times. The system enables visibility and control of containers from the seaport to the rail yard and ultimately to the final destination, marking loading and unloading events, which helps increase shipments and revenue per container.
VeriWise Chassis tracking system provides visibility to chassis location and loaded/unloaded status. The system also captures gate times/locations and container mount times/locations to start and stop the billing clock, resulting in high data reliability and more accurate billing.
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—designed for faster trailer turns, increased asset utilization, improved cargo security, and optimal fleet efficiency.
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 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 the Industrial Internet of Things. The company’s patented technology secures, controls, tracks, and manages high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo. The company’s solutions 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.powerfleet.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward looking statements within the meaning of the federal securities laws. Forward-looking statements include statements with respect to I.D. Systems’ beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond I.D. Systems’ control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding: prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion or other financial information; emerging new products; and plans, strategies and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2014. These risks could cause actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, I.D. Systems. Unless otherwise required by applicable law, I.D. Systems assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

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