I.D. SYSTEMS REPORTS FOURTH QUARTER AND FULL YEAR 2014 RESULTS

Annual Revenue Increases 14% to Record $45.6 Million, Driven Primarily by 23% Growth in Vehicle Management System Sales
 
Woodcliff Lake, NJ, March 5, 2015—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, reported results for the three and twelve month periods ended December 31, 2014.
Fourth Quarter 2014 Financial Results
  • Revenue increased to a fourth-quarter record $12.7 million, up 12% from $11.4 million in the fourth quarter of 2013. The increase was primarily attributable to increased sales of industrial vehicle management systems (VMS) and transportation asset management (TAM) products, which grew 11% and 15%, respectively, from the fourth quarter of 2013.
  • Recurring revenue was $4.5 million, or 35% of total revenue, compared to $4.5 million, or 40% of total revenue, in the same period a year ago. Recurring revenue was lower as a percentage of total revenue due to an increase in non-recurring VMS revenue compared to the fourth quarter of 2013.
  • Gross margin was 35% compared to 30% in the same period a year ago. In the fourth quarter of 2014, gross margin was impacted by non-recurring discounts on a TAM product warranty extension and spare parts program as part of a $14 million contract extension with Walmart, as well as by the sale of approximately 1,000 VMS units under the company’s newly adopted recurring service model. In both cases, the company expects the initial lower product margins to be offset by higher service margins over the course of the associated multi-year contracts. In the fourth quarter of 2013, gross margin was impacted by a non-cash, non-recurring inventory reserve charge, due to the company’s newest generation of wireless technology rendering older products obsolete.
  • Research and development expenses were $2.4 million, compared to $1.0 million in the fourth quarter of 2013. The increase was primarily attributable to a non-recurring investment in “I.D. Systems 2.0,” the company’s strategic initiative aimed at building quality, repeatable, scalable processes to support its goals for revenue growth and profitability. This initiative was concluded in the fourth quarter of 2014.
  • Selling, general and administrative expenses were $6.3 million, compared to $5.7 million in the fourth quarter of 2013. The increase was primarily attributable to incentive compensation expenses associated with achievement of the company’s target revenue plan.
  • Excluding stock-based compensation, depreciation and amortization, and non-recurring items, non-GAAP net loss totaled $3.2 million, or $(0.27) per basic and diluted share, compared to non-GAAP net loss of $0.2 million, or $(0.01) per basic and diluted share, in the fourth quarter in 2013. The non-recurring items affecting these results were a $0.4 million loss on settlement of a finance receivable with Avis Budget Group in the fourth quarter 2014 and a $2.1 million inventory reserve charge in the fourth quarter of 2013.
  • Net loss totaled $4.6 million, or $(0.38) per basic and diluted share, compared to net loss of $3.1 million, or $(0.26) per basic and diluted share, in the fourth quarter a year ago.
  • As of December 31, 2014, the company had $13.6 million in cash, cash equivalents and marketable securities, and no debt.

Fourth Quarter 2014 Operational Highlights

  • I.D. Systems shipped substantial quantities of four new products—the commercialization of which the company believes was accelerated by the company’s “I.D. Systems 2.0” initiative—including three new TAM products for managing intermodal containers, chassis and dry vans, and approximately 1,000 units of its fourth-generation “VAC4” wireless VMS for industrial trucks.
  • Nestlé placed follow-on orders for the company’s Powerfleet® VMS, including the new VAC4 platform with a service-centric pricing model and licenses for I.D. Systems Analytics software, which analyzes the performance of material handling equipment against both enterprise and industry benchmarks. After implementing these systems, Nestlé will have deployed Powerfleet on a cumulative total of more than 2,000 vehicles across more than 60 sites in North America.
  • I.D. Systems’ Asset Intelligence subsidiary shipped a record number of new TAM products in the fourth quarter—more than 7,000 units—and received a contract extension for existing units from Walmart, through October 2017, which has a maximum potential value of approximately $14 million.
  • I.D. Systems executed a master license agreement with a leading global airline to deploy its AvRamp® VMS on up to 3,000 airport vehicles across as many as seven major U.S. airports. The company received an initial purchase order under this agreement, valued at more than $500,000, to implement AvRamp at one U.S. airport. If the airline elects to order all proposed system elements at all seven airports, the maximum potential aggregate value of the master agreement is over $7 million.
  • The company received initial orders from additional new customers with enterprise expansion potential, including a Fortune 500 heavy equipment manufacturer, one of the world’s largest furniture makers, a global logistics services provider, a leading U.S. specialty retailer, and several U.S. trucking companies.
  • The company received follow-on purchase orders from other core customers, including American Airlines, Audi, BMW, Bridgestone, Caterpillar, Estenson Logistics, General Electric, General Mills, John Deere, Kellogg’s, Knight Transportation, Procter & Gamble, Swift Transportation, Toyota, the U.S. Postal Service, and Walgreens.
  • The company received three industry awards. For the fourth time, I.D. Systems made Deloitte’s Technology Fast 500™ list of the fastest growing technology companies in North America, based on the company’s 287% revenue growth from 2009 to 2013. I.D. Systems was also named by Food Logistics as one of the top 100 technology solution providers to the food and beverage industry. Finally, CIO Review named I.D. Systems one of the 20 most promising logistics technology solutions providers in the U.S.

Full Year 2014 Financial Results

  • Revenue increased 14% to a record $45.6 million from $39.9 million in 2013. The increase was driven primarily by a 23% increase in VMS sales and 5% increase in TAM product sales.
  • Recurring revenue was $17.7 million, or 39% of total revenue, compared to $17.7 million, or 44% of total revenue, in 2013. Recurring revenue was a lower percentage of total revenue due primarily to an increase in non-recurring VMS revenue year-over-year.
  • Gross margin was 44% compared to 45% in 2013.
  • Research and development expenses were $6.6 million, compared to $4.4 million in 2013. The increase was primarily attributable to the company’s non-recurring strategic investment in its “I.D. Systems 2.0” strategic initiative, which was concluded in the fourth quarter of 2014.
  • Selling, general and administrative expenses were $25.1 million, compared $21.8 million in 2013. The increase was primarily attributable to incentive compensation and expenses related to the company’s executive and board of directors changes in 2014.
  • Excluding stock-based compensation, depreciation and amortization, and non-recurring items, non-GAAP net loss totaled $7.6 million, or $(0.63) per basic and diluted share, compared to non-GAAP net loss of $2.1 million, or $(0.18) per basic and diluted share, in 2013. The non-recurring items affecting these results were a $0.4 million loss on settlement of a finance receivable with Avis Budget Group in 2014 and a $2.1 million inventory reserve charge in 2013.
  • Net loss totaled $11.6 million, or $(0.96) per basic and diluted share, compared to a net loss of $7.5 million, or $(0.63) per basic and diluted share, in 2013.

Management Commentary
“In 2014 we achieved the primary goals of our ‘I.D. Systems 2.0′ strategic initiative,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “We believe our aggressive, focused investments accelerated product development and improved the quality, reliability and scalability of our products and services. Today, we are confident that our ability to produce, deploy and support world-class solutions to meet the growing market demand is significantly stronger than it was a year ago.
“We believe these improvements were critical to the commercial launch of three new TAM products, which helped drive record TAM sales volume of more than 7,000 units in the fourth quarter—our highest volume in any quarter since we acquired our Asset Intelligence subsidiary from General Electric in 2010.
“Our product and service improvements also supported a shift in our VMS go-to-market strategy. We now provide a more service-centric model, with lower upfront hardware prices to stimulate broader market adoption, and recurring service contract fees to generate a more predictable revenue stream with higher long-term margins. Although we expect this new approach to have a near-term negative impact on our revenue and margins in 2015, we expect it to help increase our high-margin recurring service revenue over the longer term.
“To underscore this point, our record fourth quarter revenue of $12.7 million understates the magnitude of the business we booked in the period. The aggregate value of the contracts we executed during the fourth quarter, most of which have three to five year terms, exceeded $33 million.
“Another key metric for I.D. Systems is our expanding penetration of the rapidly growing VMS market. In 2014, we shipped more than 8,500 VMS units, which increased our installed base by almost 20% compared to 2013. As we transition our business to a more service contract-centric model, we expect our revenue growth rate in 2015 to be consistent with 2014. However, we anticipate a more significant year-over-year increase in unit shipments in 2015, which we expect will increase recurring revenue and gross margin in the longer term.
“We believe we have barely scratched the surface of our addressable markets. We estimate there are more than eight million high-value mobile assets of all types worldwide that could benefit from our existing portfolio of patented wireless technology. To capitalize on this untapped opportunity, we plan to continue to invest in I.D. Systems in 2015, focusing on three critical areas: (1) research and development, to refine the quality and reliability of our solutions, particularly to further transition our VMS offering to an I.D. Systems-hosted service; (2) sales and marketing, to aggressively promote our market-leading brand both directly and through key partners, like the Raymond Corporation and Toyota Industrial Equipment; and (3) continuous internal improvement, to make I.D. Systems’ workforce and processes as efficient and effective as they can be to support rapid, scalable growth for our company.”
Non-GAAP Measures
To supplement its financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP), I.D. Systems provides certain non-GAAP measures of financial performance. These non-GAAP measures include non-GAAP net income/loss and non-GAAP net income/loss per basic and diluted share. Reference to these non-GAAP measures should be considered in addition to results prepared under current accounting standards, but are not a substitute for, or superior to, GAAP results. These non-GAAP measures are provided to enhance investors’ overall understanding of I.D. Systems’ current financial performance. Specifically, I.D. Systems believes the non-GAAP measures provide useful information to both management and investors by excluding certain expenses, gains and losses that may not be indicative of its core operating results and business outlook. Reconciliation of all non-GAAP measures included in this press release to the nearest GAAP measures can be found in the financial tables included in this press release.
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, please visit idsy2019.wpengine.com.
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, 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, 2013. 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 TO PRESENT AT 27TH ANNUAL ROTH CONFERENCE ON MARCH 10, 2015

Woodcliff Lake, NJ, February 27, 2015—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has been invited to present at the 27th Annual ROTH Conference to be held March 8-11, 2015, at the Ritz Carlton in Dana Point, California.
I.D. Systems’ management is scheduled to present at 2:00 p.m. Pacific time on Tuesday, March 10, 2015, with one-on-one meetings held throughout the day. Management will discuss the company’s recent financial performance and operational progress in its industrial vehicle management system (VMS) and transportation asset management (TAM) businesses.
For additional information or to schedule a one-on-one meeting with I.D. Systems’ management, please contact your ROTH representative. For more about ROTH Capital Partners and the 27th Annual ROTH Conference, please visit www.roth.com.
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 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. I.D. Systems holds more than 75 patents related to its wireless solutions and has deployed VMS systems in more than 20 countries around the world. For more information, please visit idsy2019.wpengine.com.
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; market forecasts; projections of earnings, revenues, potential contract values, synergies, accretion or other financial information; initiatives for new products and processes, and plans, strategies, objectives, and initiatives of management for future operations. 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 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, 2013. 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’ RECEIVES ALLOWANCE OF PATENT ON ADVANCED CARGO SENSOR FOR TRAILER FLEET MANAGEMENT

Woodcliff Lake, NJ, February 26, 2015— I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a notice of allowance from the United States Patent and Trademark Office for a patent on an advanced cargo sensing system for dry van trailers and intermodal containers. Integrating a battery-powered, light-based sensor with an ultrasonic cargo detector, the system is designed to improve cargo sensing accuracy, maximize device battery life, and provide loaded/unloaded data without the need for an external door sensor.
“With this enhancement, our VeriWise trailer management system will provide critical, accurate information on loading-unloading cycle times for dry van trailers and intermodal containers—with cost-effective installation and minimal maintenance—to help our customers maximize their return on investment in their transportation assets,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “We believe this addition to our patent portfolio will significantly enhance our competitive advantages in the dry van and intermodal container segments of our transportation asset management business.”
I.D. Systems currently holds more than 75 patents related to its wireless M2M asset management systems.
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 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. I.D. Systems holds more than 75 patents related to its wireless solutions and has deployed VMS systems in more than 20 countries around the world. For more information, please visit idsy2019.wpengine.com.
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; market forecasts; projections of earnings, revenues, potential contract values, synergies, accretion or other financial information; initiatives for new products and processes, and plans, strategies, objectives, and initiatives of management for future operations. 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 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, 2013. 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 SETS FOURTH QUARTER 2014 CONFERENCE CALL FOR MARCH 5, 2015 AT 4:45 P.M. ET

Woodcliff Lake, NJ, February 24, 2015—I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless M2M solutions for tracking, securing and managing high-value enterprise assets, will hold a conference call on Thursday, March 5, 2015 at 4:45 p.m. Eastern time to discuss results for the fourth quarter ended December 31, 2014. Financial results will be issued in a press release the same day, after the market close.
Interested parties can listen to a live webcast via a link available in the investor section of the company’s website, idsy2019.wpengine.com. Questions can be submitted to ir@id-systems.com prior to the call. Financial analysts will receive a toll-free number via email.
A webcast of the conference call will be archived at idsy2019.wpengine.com for approximately 90 days following the call.
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 M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, including rental cars, industrial vehicles, 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, please visit idsy2019.wpengine.com.

I.D. SYSTEMS RECEIVES $850,000 IN PURCHASE ORDERS FROM CHANNEL PARTNER FOR WIRELESS VMS DEPLOYMENTS AT MULTIPLE END USER SITES

Woodcliff Lake, NJ, January 26, 2015—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a series of purchase orders from a key channel partner with an aggregate value in excess of $850,000. The orders will enable the partner to implement I.D. Systems’ Powerfleet® wireless industrial Vehicle Management System (VMS) for two end users deploying the system for the first time and four end users expanding their existing Powerfleet deployments.
The new end users include a leading international provider of third-party logistics (3PL) services and a U.S. food service distributor. The end users expanding their Powerfleet systems include a global automotive industry supplier, a Fortune 500 U.S. retail chain, a leading U.S. provider of medical products and services, and an international manufacturer of heavy equipment.
“These orders reflect the continuing rapid growth of the VMS market for managing industrial trucks, and the important role of our strategic channel partners in driving that growth,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “The high value of VMS in manufacturing and distribution operations is evident through both the addition of new end users and the expansion of our wireless solutions at end users who have already experienced the benefits of our VMS first hand.”
I.D. Systems holds more than 75 patents related to its wireless solutions and has deployed VMS systems in more than 20 countries around the world.
About Vehicle Management Systems
Vehicle Management Systems (VMS) help improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and sensing vehicle impacts. A wireless VMS also helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, scheduling maintenance according to actual usage rather than by calendar time, and helping determine the optimal economic time to replace equipment. In addition, a wireless VMS helps improve supply chain productivity by establishing accountability for the use of equipment, ensuring equipment is in the proper place at the right time, streamlining material handling work flow, and providing unique metrics on equipment utilization.
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 securing, controlling, tracking, and managing high-value enterprise assets, including rental cars, industrial vehicles, 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. Powerfleet® is a registered trademark of I.D. Systems. For more information, visit idsy2019.wpengine.com.
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; market forecasts; projections of earnings, revenues, potential contract values, synergies, accretion or other financial information; initiatives for new products and processes, and plans, strategies, objectives, and initiatives of management for future operations. 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 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, 2013. 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 RECEIVES M2M EVOLUTION IOT EXCELLENCE AWARD FOR NEXT-GENERATION WIRELESS VEHICLE MANAGEMENT SYSTEM

Woodcliff Lake, NJ, January 22, 2015—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a 2014 M2M Evolution IoT Excellence Award for its Powerfleet® wireless vehicle management system (VMS) for controlling, tracking and managing forklifts and other industrial trucks. Powerfleet is a machine-to-machine (M2M) “Internet of Things” (IoT) application, featuring I.D. Systems’ fourth generation of on-vehicle wireless devices and industry-leading Analytics software to quantify key performance indicators (KPIs) in material handling operations.
Presented by TMC and Crossfire Media, the 2014 M2M Evolution IoT Excellence Award honors innovative products that support the collection and analysis of information through sensors, systems and other technology that supports better business and personal decisions.
“We are gratified that this award recognizes our innovation and leadership in the wireless supply chain asset management market,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “Our newest generation of Powerfleet makes the benefits of VMS easier to obtain than ever. And our patented wireless technology has proven effective for industrial fleets small and large, from less than 10 vehicles at a site to more than 1,000 across an enterprise.”
I.D. Systems’ 4th-generation Vehicle Asset Communicator® (the “VAC4”) simplifies VMS installation on industrial trucks (it can be installed in as little as one hour), improves usability for vehicle operators, through an enhanced keypad and graphical display, and expands VMS functionality with multi-language capabilities and an option for in-vehicle cellular communications.
I.D. Systems Analytics is a set of software tools that gives executives and facility managers a single, integrated view of historical asset activity across multiple locations. The data is conveyed through both KPI dashboards and detailed reports that are emailed to users automatically. The KPIs answer critical questions about the use of industrial trucks, including: Are operations being conducted safely? How well are vehicle operators being managed? How efficiently is the fleet of equipment being utilized? And is the vehicle management system being used effectively?
“It is my pleasure to recognize the Powerfleet VMS with an M2M Evolution IoT Excellence Award for excellence in innovation,” said Carl Ford, CEO & Community Developer, Crossfire Media. “I look forward to seeing the future success of I.D. Systems, as a leader in this rapidly evolving industry.”
The winners of the 2014 M2M Evolution IoT Excellence Award will be highlighted in the first quarter edition of M2M Evolution Magazine and on www.m2mevolution.com.
About Vehicle Management Systems
A wireless Vehicle Management System (VMS) helps improve material handling productivity by establishing accountability for the use of equipment, streamlining work flow, and providing unique metrics and Key Performance Indicators for equipment and labor. A wireless VMS also helps improve workplace safety and security by restricting vehicle access to trained operators, providing electronic vehicle inspection checklists, and responding automatically to vehicle impacts. In addition, a wireless VMS helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, scheduling maintenance according to actual usage rather than by calendar time, and helping determine the optimal economic time to replace equipment.
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, please visit idsy2019.wpengine.com.
About Crossfire Media
Crossfire Media is an integrated marketing company with a core focus on future trends in technology. We service communities of interest with conferences, tradeshows, webinars and newsletters. Crossfire Media has a partnership with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full service Information Technology company based in New York.
About TMC
TMC is a global, integrated media company that helps clients build communities in print, in person and online. TMC publishes multiple magazines including CUSTOMER, INTERNET TELEPHONY, M2M Evolution and Cloud Computing. TMCnet is read by more than 1.5 million unique visitors each month, and is the leading source of news and articles for the communications and technology industries. TMC is also the producer of ITEXPO, the world’s leading B2B communications event, as well as industry events: M2M Evolution; Cloud4SMB Expo; DevCon5; HTML5 Summit; Super Wi-Fi Summit, CVx; AstriCon; StartupCamp, and more. For more information, please visit www.tmcnet.com and TMC Events.
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; market forecasts; potential barriers to competition; projections of earnings, revenues, synergies, accretion or other financial information; expectations for growth of the business; and plans, strategies and objectives of management for future operations. 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, 2013. 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. 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 TO PRESENT AT THE 17TH ANNUAL NEEDHAM GROWTH CONFERENCE ON JANUARY 13, 2015

Woodcliff Lake, NJ, January 9, 2015—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has been invited to present at the 17th Annual Needham Growth Conference being held January 13-15, 2015, at the New York Palace Hotel.
I.D. Systems’ management is scheduled to present on Tuesday, January 13, at 4:10 p.m. Eastern time, with additional one-on-one meetings held throughout the day. Management will discuss the company’s recent financial performance and operational developments in its industrial vehicle and transportation asset management businesses.
The presentation will be webcast live and available for replay through Needham’s website and the investors section of I.D. Systems’ website.
For additional information or to schedule a one-on-one meeting with management, please contact your Needham representative.
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, please visit idsy2019.wpengine.com.
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; market forecasts; potential barriers to competition; projections of earnings, revenues, synergies, accretion or other financial information; expectations for growth of the business; and plans, strategies and objectives of management for future operations. 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, 2013. 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. 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’ WIRELESS INDUSTRIAL VEHICLE MANAGEMENT TECHNOLOGY TO BE DEPLOYED BY FORD MOTOR COMPANY AT PLANT IN SOUTHEAST ASIA

Woodcliff Lake, NJ, December 22, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, will implement its wireless Vehicle Management System (VMS) at a Ford plant in Southeast Asia. Ford currently has I.D. Systems’ VMS technology deployed in plants throughout North America and Europe.
I.D. Systems’ subsidiary, I.D. Systems GmbH, facilitated the order and will provide account and project management for the southeast Asian facility.
“We are gratified by our continued strong relationship with Ford, and very excited about further expanding our technology in Asia, which is the world’s fastest growing market for industrial trucks,” said Kenneth Ehrman, I.D. Systems chairman and CEO. “We look forward to helping Ford stay at the forefront of supply chain management with our best-practice wireless industrial vehicle management technology.”
About Vehicle Management Systems
A wireless Vehicle Management System (VMS) helps improve workplace safety and security by restricting the use of industrial equipment to trained, authorized operators, and by providing electronic vehicle inspection checklists. A wireless VMS also helps reduce maintenance expenses by automatically uploading vehicle data, reporting checklist issues in real time, basing maintenance schedules on actual vehicle usage rather than calendar time, and helping determine the optimal economic time to replace equipment. In addition, the system helps improve equipment utilization and reduces the total cost of fleet ownership by ensuring equipment is in the proper place at the right time and streamlining work flow.
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 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 about I.D. Systems, please visit idsy2019.wpengine.com.
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; market forecasts; projections of earnings, revenues, potential contract values, estimated product shipment dates, synergies, accretion or other financial information; initiatives for new products and processes, and plans, strategies, objectives, and initiatives of management for future operations. 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 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, 2013. 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.

Investor Relations Contact:
Liolios Group, Inc.
Matt Glover or Michael Koehler
Phone: 949-574-3860

I.D. SYSTEMS’ ASSET INTELLIGENCE DIVISION DELIVERS NEW DRY VAN TRAILER TRACKING SYSTEM TO U.S. TRUCKING COMPANY

Woodcliff Lake, NJ, and Plano, TX, December 18, 2014—The Asset Intelligence subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has executed a contract with a leading U.S. regional trucking company to deploy its newest VeriWise™ Dry Van cellular solution for tracking and managing fleets of trailers and their cargo. The contract encompasses 400 tracking devices with a service term of five years, which is expected to contribute to the company’s recurring revenue stream commencing in the first quarter of 2015.
“Our new GSM-D300 system integrates the latest sensor and power management technologies to help dry van fleet operators optimize their trailer utilization and reduce their capital and operating costs, “said Norman Ellis, I.D. Systems’ COO. “We’ve combined a patent-pending light sensor with our ultrasonic cargo sensor to provide reliable, accurate reporting of trailer loading/unloading events and load status through the shipment cycle. Our technology has demonstrated the ability to reduce cycle times by an average of 72 hours per trailer per month, and increase shipment volume and revenue by 10%, without increasing fleet size.”
The VeriWise™ GSM-D300 Dry Van cellular system features:

  • Rapid, cost-effective deployment—one person can install the system in 20-30 minutes per trailer— with an all-in-one tracker assembly that can be serviced from outside a loaded trailer.
  • Real-time location tracking via GPS satellites and GSM cellular technology, with automatic email/ text notifications of exception events.
  • Untethered data reporting for up to five months.
  • Patent-pending light sensor with the functionality of a wired door sensor, without the installation cost or risk of damage to exposed cables.
  • Rugged construction with IP69K and SAE J1455 environmental ratings.
  • Five-year rechargeable Li-Ion battery with intelligent power management, for long, low-maintenance product life.
  • Redundant 7-way tractor power hook-up to ensure reliable battery charging.
  • Unique design for easy external access/maintenance and swapping between trailers.
  • Optional advanced fleet data analytics.

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 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 and Asset Intelligence
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 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 about I.D. Systems, please visit idsy2019.wpengine.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.
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; market forecasts; projections of earnings, revenues, synergies, accretion or other financial information; and plans, strategies and objectives of management for future operations, including integration plans in connection with acquisitions. 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, 2013. 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. 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.

Investor Relations Contact:
Liolios Group, Inc.
Matt Glover or Michael Koehler
Phone: 949-574-3860

I.D. SYSTEMS RECEIVES FOLLOW-ON CONTRACT FROM NESTLÉ FOR WIRELESS INDUSTRIAL VEHICLE MANAGEMENT TECHNOLOGY

Woodcliff Lake, NJ, December 17, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has executed a contract with the U.S. division of Nestlé, one of the world’s largest food producers, to further expand deployment of I.D. Systems’ Powerfleet™ wireless Vehicle Management System (VMS) across Nestlé’s North American operations. The new contract encompasses hardware, software and a service term of five years for more than 700 vehicles across more than 20 facilities. Following implementation, I.D. Systems will have deployed Powerfleet on a cumulative total of more than 2,000 vehicles across more than 60 sites for Nestlé.
“Nestlé takes safety and sustainability in the workplace very seriously,” said Ron Meredith, Director of Logistics Operations for Nestlé Waters North America. “Deploying a wireless vehicle management system on the industrial trucks in our manufacturing and distribution facilities helps ensure that only trained personnel have access to our equipment, and that they perform a safety checklist before operating it. Our VMS also has a smart impact sensor that helps influence good driving habits, reducing the risk of accidents. In addition, our VMS helps reduce fuel consumption and emissions by automatically shutting off trucks that are left idling.”
“We view this contract as a validation of our ‘I.D. Systems 2.0′ strategic initiative to accelerate new product adoption and facilitate more rapid scaling of our solutions, with quality, across large enterprises,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “Our patented VMS technology can be effectively applied to any size industrial fleet—from less than 10 vehicles at a site to more than 1,000 across an enterprise—and our new system-as-a-service model makes acquiring and implementing the benefits of VMS easier than ever before for our customers. Our solution for Nestlé includes large-scale delivery of our newest generation of on-vehicle hardware, deployment of our VMS as an enterprise-hosted solution, and implementation of our unique Analytics platform for business intelligence.”
The on-vehicle devices for Nestlé are among hundreds of units of I.D. Systems’ 4th-generation Vehicle Asset Communicator® being shipped in the fourth quarter of 2014. This new “VAC4” simplifies VMS installation on industrial trucks (it can be installed in as little as one hour), improves the vehicle operator’s experience, and enhances VMS functionality.
I.D. Systems Analytics is a set of software tools that gives executives and facility managers alike a single, integrated view of historical asset activity across multiple locations. The data is conveyed through both Key Performance Indicator (KPI) dashboards and detailed reports that are emailed to users automatically. The KPIs answer critical questions about the use of industrial trucks, including: Are operations being conducted safely? How well are vehicle operators being managed? How efficiently is the fleet of equipment being utilized? And is the vehicle management system being used effectively?
“I.D. Systems Analytics represents an entirely new way to evaluate and improve the performance of material handling operations,” said Mr. Ehrman. “Analytics draws on our unique database of industrial vehicle activity, encompassing tens of thousands of vehicles, different types of equipment, facilities and industries, and more than 10 years of macroeconomic ups and downs. Measuring an enterprise’s performance against our database enables unmatched insights, not only across the enterprise, but also within the user’s peer industry. This helps improve the speed and quality of business decisions, and sheds light on the outcomes of those decisions, to generate a greater return on investment from corporate assets.”
I.D. Systems’ business with Nestlé is coordinated with and supported by channel partner Yale/Chase Equipment and Services, Inc., a leading lift truck dealer based in Southern California.
About Vehicle Management Systems
A wireless Vehicle Management System (VMS) helps improve material handling productivity by establishing accountability for the use of equipment, streamlining work flow, and providing unique metrics and Key Performance Indicators for equipment and labor. A wireless VMS also helps improve workplace safety and security by restricting vehicle access to trained operators, providing electronic vehicle inspection checklists, and responding automatically to vehicle impacts. In addition, a wireless VMS helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, scheduling maintenance according to actual usage rather than by calendar time, and helping determine the optimal economic time to replace equipment.
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 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 about I.D. Systems, please visit idsy2019.wpengine.com.
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; market forecasts; projections of earnings, revenues, potential contract values, estimated product shipment dates, synergies, accretion or other financial information; initiatives for new products and processes, and plans, strategies, objectives, and initiatives of management for future operations. 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 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, 2013. 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.

Investor Relations Contact:
Liolios Group, Inc.
Matt Glover or Michael Koehler
Phone: 949-574-3860

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