Woodcliff Lake, NJ, June 12, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, will hold its 2014 Annual Meeting of Stockholders on Friday, June 20th, at 11:00 a.m. Eastern time at the offices of Lowenstein Sandler, 1251 Avenue of the Americas, New York, New York 10020. Holders of record of shares of I.D. Systems’ common stock at the close of business on May 19, 2014, are entitled to attend the meeting.
I.D. Systems’ management will provide an operational update and discuss the company’s growth strategy and strategic initiatives for 2014. The nominees for election to the company’s board of directors will also participate in the meeting.
Following are the biographies of the director nominees:
Kenneth S. Ehrman, age 44, a founder of I.D. Systems, has served the company as president since its inception in 1993 and as interim chief executive officer since March, 2014. Mr. Ehrman also previously served as the company’s chief operating officer from 2000 to 2010, and as a director of the company from 1993 to 2013. Mr. Ehrman is also an inventor on a number of the company’s patents. Since 2012, Mr. Ehrman has served as a member of the board of directors of Financial Services, Inc., a privately held provider of data processing solutions for banking. He graduated from Stanford University in 1991 with a Bachelor of Science in Industrial Engineering. Upon his graduation, and until I.D. Systems’ inception, Mr. Ehrman worked as a production manager with Echelon Corporation, a leading provider of machine-to-machine (M2M) technology in the industrial Internet of Things (IoT).
Kenneth Brakebill, age 44, is a retired intellectual property and trial lawyer. Following a one-year appellate clerkship out of law school, in 1998 Mr. Brakebill joined Morrison & Foerster, a global law firm of which he became a partner in 2005. At Morrison & Foerster, Mr. Brakebill primarily represented technology companies, both in the hardware and software sectors, in intellectual property cases involving disputes over patents, copyrights and contracts concerning use of technology. He retired from the firm in 2010. Mr. Brakebill also has served as a director of several not-for-profit organizations. Mr. Brakebill received a Bachelor of Arts degree with Honors from Stanford University in 1991 and attended Harvard Law School and the University of California, Hastings, from which he received his law degree in 1997.
Michael Brodsky, age 46, has served Selectica, Inc., a publicly traded provider of cloud-based contract management software, as executive chairman since December, 2013, as chief executive officer from August, 2013 to December, 2013, and as a director since 2010. Since 2013, Mr. Brodsky has also served as the managing partner of Vajra Asset Management, LLC, an investment management firm, and as a partner of Spring Valley Partners, LLC, a currently inactive consulting services firm. From 2010 to 2012, Mr. Brodsky was co-chief executive officer of Federated Sports & Gaming, Inc., a poker entertainment company acquired in 2012 by Pinnacle Entertainment, Inc., a publicly held owner, developer and operator of casinos and related facilities. From 2008 to 2010, Mr. Brodsky was chairman and chief executive officer and a director of Youbet.com, Inc., an online horse racing and betting website acquired in 2010 by Churchill Downs Incorporated, a publicly traded provider of racetracks, casinos, off-track betting and online wagering services. Mr. Brodsky served as a member of the board of directors of Churchill Downs from 2010 to 2012. From 2005 to 2011, Mr. Brodsky was managing partner of New World Opportunity Partners, LLC, an investment firm. Mr. Brodsky has also served as a director of Genesis Land Development Corporation, a residential land developer and home builder in Calgary, Canada, with shares listed on the Toronto Stock Exchange, since June, 2012, as a director of Trans World Corporation, a publicly traded company that owns and operates casinos in the Czech Republic, since September, 2013, and as a director of AltiGen Communications, Inc., a provider of Microsoft-based communications solutions, with shares listed on the OTCQX over-the-counter market, since February, 2013. Mr. Brodsky received a Bachelor of Arts degree from Syracuse University, a law degree from Northwestern University School of Law and a Masters in Business Administration from the JL Kellogg Graduate School of Management School of Business at Northwestern University.
Ron Konezny, age 46, has served as vice president, global transportation and logistics of Trimble Navigation Limited, a publicly held provider of technology solutions for mobile productivity, since 2013, and as chief executive officer of PeopleNet, an onboard computing and carrier fleet communications provider, since 2007. Mr. Konezny served as general manager of Trimble’s Global Transportation and Logistics division from 2011, when Trimble acquired PeopleNet, to 2013. After co-founding PeopleNet in 1994, Mr. Konezny served in several positions with the company, including chief operating officer and chief financial officer from 2001 to 2007, and chief technology officer from 1996 to 2007. Mr. Konezny has previously served on the boards of directors of the National Private Truck Council Institute and the Truckload Carriers Association. Mr. Konezny received a Bachelor of Arts degree from Northwestern University.
Tony Trousset, age 45, has served as the managing member of Atlas Technology Group LLC, a privately held company that provides independent mergers and acquisitions and corporate finance advice to technology companies and technology-focused private equity firms, since he founded the firm in 2009. From 2005 to 2008, Mr. Trousset served as global head of software investment banking and co-head of the West Coast Technology Investment Banking Group at Lehman Brothers Holdings, Inc., a then global financial services firm. From 2001 to 2005, Mr. Trousset served as global head of software investment banking at UBS AG, a global financial services firm. In 2005, Mr. Trousset also served as vice president and head of corporate development at SAS Institute, Inc., a privately held provider of business analytics software and services. Since 2008, Mr. Trousset has been a member of the board of directors of the San Francisco Symphony. Mr. Trousset received a Bachelor of Arts degree from Stanford University in Political Science, and a Master of Arts degree from Stanford University in Education.
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, please visit idsy2019.wpengine.com.

Revenue Up 21% from First Quarter of 2013
Woodcliff Lake, NJ, May 7, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for tracking, securing and managing high-value enterprise assets, today reported results for the quarter ended March 31, 2014.
First Quarter 2014 Financial Highlights

• Revenue increased 21% to $9.7 million from $8.0 million in the first quarter of 2013, driven primarily by a 42% increase in sales of the company’s wireless industrial Vehicle Management Systems (VMS), across both North America and Europe, and a 5% increase in revenue from the company’s transportation asset management business.
• Gross margin was 51%, compared to 48% in the first quarter of 2013.
• Recurring revenue was $4.3 million or 44% of total revenue for the quarter.
• Selling, general and administrative (SG&A) expenses were $6.8 million, including $1.1 million in non-recurring expenses related to the company’s executive management change in March 2014. Excluding these non-recurring costs, which include severance, accelerated stock compensation, legal and other fees, SG&A expenses were sequentially flat at $5.7 million compared to the fourth quarter of 2013.
• Excluding stock-based compensation, depreciation and amortization, and non-recurring expenses related to the company’s executive management change, non-GAAP net loss was $947,000, or $(0.08) per basic and diluted share, compared to non-GAAP net loss of $1.8 million, or $(0.15) per basic and diluted share, in the same period a year ago.
• Net loss was $2.8 million, or $(0.24) per basic and diluted share, compared to a net loss of $2.6 million, or $(0.22) per basic and diluted share, in the first quarter of 2013.
• As of March 31, 2014, I.D. Systems had $13.4 million in cash, cash equivalents and marketable securities, and no debt.

Management Commentary
Kenneth Ehrman, I.D. Systems’ president and interim CEO, said, “Demand for our industrial vehicle management systems is reflected not only by our 42% quarter-over-quarter growth in VMS revenue, but also by approximately $1.5 million in VMS orders received in the first quarter but scheduled for delivery in the second quarter of 2014, and thus not included in first quarter revenues.
“The first quarter of 2014 also marks the start of a new growth strategy for I.D. Systems. With our world-class customer base and leading intellectual property portfolio, we believe the most significant investment we can make is in our company. Accordingly, since my appointment as interim CEO in March, we have launched an initiative called ‘I.D. Systems 2.0’, which includes: a detailed review of customer requirements to accelerate enterprise adoption of our solutions; a transformation of our implementation approach to create more scalable and higher-quality processes; a Six Sigma analysis of our internal process controls and quality management aimed at continuous improvement; and an acceleration of the engineering projects already on our product roadmap to help expedite revenue growth.
“One of the key elements of ‘I.D. Systems 2.0’ is our cloud-based Analytics software, which measures key performance indicators to help optimize supply chain efficiency, and which we are now developing for our transportation asset management business as well as industrial vehicle management. Analytics has helped us position our VMS solution competitively as a best practice in material handling operations, worthy of attention at the corporate executive level as well as on the plant floor.”
First Quarter 2014 Operational Highlights

• Repeat business from core end users, including 3M, Audi, Bridgestone, CNH, Deere, Ford Motor Company, Estenson Logistics, Forward Air, Kellogg’s, Knight Transportation, Nestlé, Niagara Bottling, Procter & Gamble, Royal Freight, Sonoco, U.S. Postal Service (USPS), and Walmart.
• As announced on March 19, 2014, the award of an indefinite delivery/indefinite quantity contract by the U.S. Postal Service (USPS), valued at up to $4 million through the end of September 2014, for the initial phase of an upgrade and expansion of the company’s wireless VMS solutions across the USPS mail distribution network. Under this contract, the company has received $736,000 in delivery orders to date, and recognized revenue of approximately $200,000 in the first quarter of 2014.
• As announced on February 10, 2014, the receipt of a purchase order from a multinational customer, valued at $935,000, which will lead to I.D. Systems’ first VMS implementations in the Peoples Republic of China. This version of our VMS system, which is expected to be delivered in the second quarter of 2014, will incorporate Chinese translations and technical certifications.
• Receipt of purchase orders for initial VMS deployments with new customers, including a global healthcare products company, a leading metal manufacturer, a leading specialty food producer, and one of the world’s largest seafood processors.
• As announced on March 10, 2014, the receipt of a series of purchase orders from a strategic channel partner, valued in excess of $800,000, to deploy I.D. Systems’ wireless VMS on fleets of lift trucks at multiple distribution centers of a Fortune 100 company.
• Receipt of additional purchase orders from channel partners (industrial truck manufacturers and their dealers) to deploy the company’s wireless VMS for end users across a diverse range of industries, including automotive, cosmetics, CPG, food distribution, logistics, pharmaceutical, and retail.
• The execution, in March 2014, of an Authorized Reseller Agreement with Toyota Material Handling USA, the U.S. arm of the largest industrial truck manufacturer in the world, which will involve technical integrations as well as sales and support of wireless VMS systems.
• As announced on April 28, 2014, the award of United States patent numbers 8,676,670 and 8,671,063, dated March 2014. The former covers a wide range of processes for wireless industrial truck management; the latter covers processes for managing a rental vehicle remotely and wirelessly, and is the company’s third patent pertaining specifically to rental fleet management. The company now has a total of 76 patents issued and pending.
• The introduction of I.D. Systems’ fourth generation of vehicle-mounted VMS devices at the Modex material handling exhibition in March 2014. The new product, which is currently in beta test with multiple customers and scheduled for commercial availability in the third quarter of 2014, is expected to simplify system installation, enhance functionality, improve the user’s experience, and have cost benefits for the company.
• Beta testing and trial deployments of two new transportation asset management products utilizing low-cost cellular technology: one unit designed for tracking trailer chassis, the other for tracking intermodal containers.

Investor Conference Call
I.D. Systems will hold a conference call for investors and analysts today, Wednesday, May 7, 2014, at 4:45 p.m. Eastern time. The company’s president and interim CEO, Kenneth Ehrman, and CFO, Ned Mavrommatis, will lead a discussion on the results of the quarter and other recent developments, followed by a question and answer period. The conference call will be broadcast live via the Investors section of the company’s website at idsy2019.wpengine.com. To listen to the live call, go to the website at least 10 minutes early to download and install any necessary audio software.
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; market forecasts; projections of earnings, revenues, potential contract values, synergies, accretion or other financial information; 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.

Woodcliff Lake, NJ, April 28, 2014— I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has been awarded two United States patents: number 8,676,670 for a mobile asset data management system, primarily for industrial vehicles, and number 8,671,063 for a wireless vehicle rental system with remotely controlled vehicle access. I.D. Systems now holds more than 60 patents related to its wireless M2M asset management systems.
“We are delighted to be awarded these important patents, which we believe provide our company with significant protections against competitors in our industrial fleet management and rental fleet management business segments,” said Kenneth Ehrman, I.D. Systems’ president and interim CEO. “We believe patent 8,676,670 is especially strong, because its filing date precedes the development of a number of competing systems, and because it addresses many functional aspects of wireless industrial vehicle management.”
Patent 8,676,670 covers a broad range of essential processes utilized by wireless vehicle management systems (VMS) for industrial trucks, such as forklifts and tow tractors. The following list summarizes, but does not definitively describe or limit, some of these now-patented processes:

• the basic network architecture for a wireless VMS that utilizes an intermediary wireless device between the system database and system’s vehicle-mounted wireless devices;
• vehicle access control authorizations by operator group;
• impact sensing that incorporates the axes, time, level, and angle of an impact to a vehicle;
• vehicle inspection checklists that are stored autonomously on vehicle-mounted devices, so the devices do not need to actively communicate over the wireless network to deliver the checklists;
• programmable, event-triggered checklists that are stored autonomously on vehicle-mounted devices;
• vehicle location tracking by radio frequency signals that are generated by an intermediary wireless device between the system database and the system’s vehicle-mounted wireless devices;
• text messaging on vehicle-mounted wireless devices that does not require a constant, active communication link to the wireless network;
• reminder messages about scheduled maintenance that are transmitted automatically to vehicle-mounted wireless devices;
• the linkage of battery voltage data to other vehicle data, and automatically guiding the process of changing vehicle batteries;
• aggregation of data on vehicle-mounted devices into compact, low-bandwidth usage records;
• preservation and wireless communication of the most recent, relevant data, avoiding redundant wireless data traffic and eliminating unnecessary network bandwidth usage;
• wireless updates of system configuration parameters; and
• wireless communication between vehicle-mounted devices which avoids the need to transmit certain system configuration data through any intermediary wireless devices.

Patent 8,671,063 covers essential processes in managing a car rental remotely and wirelessly. These processes include monitoring vehicle mileage and fuel levels, tracking the location of vehicles while they are on a rental lot, automatically updating vehicle readiness in the rental system, and enabling remote rental check-outs. The patent also covers a method to avoid radio frequency interference from multiple vehicles communicating wirelessly in the same area.
This is I.D. Systems’ third patent award pertaining specifically to wireless rental car management. The company’s first patent application for an automated vehicle rental system was filed in 1999. I.D. Systems expects that the newly awarded patent will help it further penetrate the rental car market, as well as serve as a barrier to competition.
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; potential barriers to competition; 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, 2012. 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.

Woodcliff Lake, NJ, March 19, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a contract from the U.S. Postal Service (USPS) to begin to upgrade and expand the company’s wireless Vehicle Management Systems (VMS) across the USPS mail distribution network. Since awarding I.D. Systems a national contract in 2005, the USPS has deployed the company’s VMS technology on more than 5,000 industrial vehicles in over 100 facilities. The new contract has an initial period of performance to September 30, 2014, with a potential value of up to $4 million.
This is an “indefinite delivery/indefinite quantity” (IDIQ) contract, in which exact quantities, times and places of product deliveries are not known at the time of contract award. It is also a fixed price contract, with agreed upon pricing in effect for the full contract term.
“We are gratified and proud that, after almost a decade as our customer, the USPS continues to do business with I.D. Systems,” said Kenneth Ehrman, president and interim CEO of I.D. Systems. “We think the Postal Service’s commitment to begin refreshing and expanding its enterprise-wide deployment of our wireless industrial vehicle management technology is a testament to our longstanding leadership in the VMS business, and a reflection of the significant value of our industry-leading solutions for material handling operations.”
About Vehicle Management Systems
Vehicle Management Systems (VMS) help improve workplace safety and security by restricting vehicle access to trained, authorized operators and by providing electronic vehicle inspection checklists. A wireless VMS also helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, giving management the option of scheduling maintenance according to actual usage rather than on a calendar basis, and helping management determine the optimal economic time to replace equipment. In addition, a wireless VMS helps improve supply chain productivity by ensuring equipment is in the proper place at the right time, streamlining material handling work flow, and providing management with unique reports on vehicle 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, 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, 2012. 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.

Woodcliff Lake, NJ, March 10, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a series of purchase orders, valued in excess of $800,000, to deploy its Powerfleet® wireless vehicle management system (VMS) on fleets of lift trucks at multiple distribution centers of a Fortune 100 company. Following implementation, I.D. Systems will have deployed its wireless VMS technology in more than 20 of the end user’s facilities.
The orders were generated by one of I.D. Systems’ channel partners.
“This end-user’s continuing investment in Powerfleet reflects the value of our wireless technology in helping manage material handling operations,” said Kenneth Ehrman, president and interim CEO of I.D. Systems. “We look forward to continue growing our business with both this end-user and our strategic channel partner.”
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, 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, 2012. 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.