Atlanta, GA, March 17, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, introduced its 4th-generation Vehicle Asset Communicator® (VAC) at the Modex material handling exhibition, which commenced today at Atlanta’s Georgia World Congress Center. The VAC is an intelligent, highly configurable, RFID-based, vehicle-mounted computer that forms the backbone of I.D. Systems’ wireless Vehicle Management Systems for lift trucks and other industrial vehicles.
A wireless Vehicle Management System (VMS) helps improve material handling productivity by establishing accountability for the use of equipment, ensuring equipment is in the proper place at the right time, 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 sensing 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.
“Our new Vehicle Asset Communicator keeps I.D. Systems at the leading edge of wireless VMS,” said Kenneth Ehrman, the company’s president and interim CEO. “We pioneered the wireless VMS market almost two decades ago, and we have seen our VMS become a best practice in the world’s best supply chains. The unique effectiveness and value of our patented technology lies in the thousands of details we have engineered into it. Everything we have learned over more than 15 years of successful system deployments for the world’s best companies, we have designed into our 4th-generation VAC.”
I.D. Systems’ new VAC simplifies VMS installation on industrial trucks, improves the vehicle operator’s experience, and enhances VMS functionality.
The new VAC is simpler to install than other devices in many ways. Its universal electrical architecture works on any OEM brand of lift truck, from 12-volt internal combustion (IC) vehicles, to 48-volt AC electric vehicles, to 100-volt DC electric vehicles. Its patented mounting bracket is universal as well, capable of affixing to both flat and curved surfaces, with unique protection for the unit’s connecting cables. A simplified wiring harness also helps minimize installation time, as does the VAC’s unique Installation Wizard, which guides the user through the installation process and instantly verifies the accuracy of vehicle sensor interfaces. In addition, the 4th-generation VAC has a smaller overall hardware footprint than earlier versions, so it can be mounted easily on even the smallest vehicles, like pallet jacks.
To enhance the vehicle operator’s experience, I.D. Systems’ new VAC has a phone-type, alphanumeric keypad and a larger, more versatile display. An operator can view up to nine menu options simultaneously, and any menu option can be selected by pressing a single button, without toggling or scrolling. New on-screen iconography and animations also make it easier for the operator to see, understand, and interact with a wide range of system information and alerts. Additionally, the new VAC displays real-time status of various functions, like wireless connectivity and device diagnostics.
I.D. Systems also enhanced the functionality of its new VAC unit. The device is compatible with virtually any existing operator ID token a customer may have. The range of wireless options has been expanded to include in-vehicle cellular communications, which is beneficial for many applications, such as airport vehicle management. The new VAC also has enhanced motion-sensing technology for detection of vehicle coasting, adding another layer of fleet utilization data. And the 4th-generation VAC has multi-lingual character capabilities, so it can be deployed anywhere in the world.
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.
Editorial Note
High-resolution images of I.D. Systems’ 4th-generation Vehicle Asset Communicator (VAC) are available upon request as JPG files.
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 6, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M solutions for tracking, securing and managing high-value enterprise assets, today reported its financial results for the fourth quarter and fiscal year ended December 31, 2013.
Fourth Quarter 2013 Financial Results

• Revenue increased 7% to $11.4 million from $10.7 million in the fourth quarter of 2012, driven by sales of industrial vehicle and transportation asset management systems, which increased 18% and 8%, respectively, compared to the fourth quarter of 2012.
• Recurring revenue, derived primarily from the company’s transportation asset management systems, was $4.5 million, or 40% of total revenue.
• Inventory reserve increased by $2.1 million, as a result of the company’s latest generation of wireless M2M technology rendering older products obsolete. This non-cash charge had a direct impact on the cost of sales and gross margins for the quarter and year; however, it had no effect on cash.
• Excluding the inventory reserve charge, non-GAAP gross margin was 48%, compared to non-GAAP gross margin of 46% in the fourth quarter of 2012. GAAP gross margin was 30% for the quarter, compared to 45% in the same period a year ago.
• Fourth quarter selling, general and administrative costs and research & development expenses were unchanged year-over year, at $5.7 million and $1.0 million, respectively.
• Excluding the inventory reserve charge, stock-based compensation, and depreciation and amortization, non-GAAP net loss was $155,000, or $(0.01) per basic and diluted share, compared to non-GAAP net loss of $215,000, or $(0.02) per basic and diluted share, in the same period a year ago.
• Net loss totaled $3.1 million, or $(0.26) per basic and diluted share, compared to net loss of $1.0 million, or $(0.09) per basic and diluted share, in the fourth quarter of 2012.

Fourth Quarter 2013 Operational Highlights

• Recurring business from core customers, including 3M, Alcoa, Bridgestone, Caterpillar, CNH, Ford Motor Company, Forward Air, General Mills, John Deere, Knight Transportation, Meijer, Nestlé, Price Chopper, Procter & Gamble, Swift Transportation, the U.S. Postal Service, and Walmart.
• Initial orders for system implementations from new customers, including a global healthcare company, a major manufacturer of oil & gas production equipment, a U.S. airline, a leading aircraft components supplier, a frozen food distributor, and, in the U.K., the BMW Group.
• Significant revenue contributions from channel partners (primarily industrial truck manufacturers and their dealers), which sold I.D. Systems’ solutions to a wide range of end users, including two Fortune 500 retailers, two national grocery chains, three leading specialty retailers, two global automotive industry manufacturers, the world’s leading recreational products manufacturer, a major steel maker, a leading food producer, distributors of beverages and household goods, and a variety of other companies.
• New product developments, including a fourth-generation on-vehicle computer for controlling and monitoring industrial trucks, two new cellular products for tracking trailer chassis and intermodal containers, an enhanced rental vehicle management device, and advances in the metrics provided by I.D. Systems Analytics.

Full Year 2013 Financial Results

• Revenue was $39.9 million, compared to $44.6 million in 2012. The decrease was attributable to a $6.9 million decrease in revenue from rental fleet management systems, from $8.0 million to $1.1 million, partially offset by a $2.2 million increase in revenue from industrial vehicle and transportation asset management systems. The decrease in rental fleet management revenue reflects completion of the first phase of the company’s agreement with Avis Budget Group in 2012.
• Recurring revenue increased 2% to $17.7 million, or 44% of total revenue, from $17.3 million, or 39% of total revenue, in 2012.
• Excluding the inventory reserve charge, non-GAAP gross margin was 50%, compared to non-GAAP gross margin of 52% in 2012. GAAP gross margin was 45% for the year, compared to 51% in 2012.
• Selling, general & administrative expenses decreased 3% to $21.8 million from $22.4 million in 2012, as management continued to closely monitor labor and other overhead costs.
• Research and development expenses increased to $4.4 million from $4.3 million a year ago, reflecting the company’s continued investments in a new generation of wireless M2M products.
• Excluding the inventory reserve charge, stock-based compensation, and depreciation and amortization, non-GAAP net loss was $2.1 million, or $(0.18) per basic and diluted share, compared to non-GAAP net income of $748,000, or $0.06 per basic and diluted share, in 2012.
• Net loss was $7.5 million, or $(0.63) per basic and diluted share, compared to a net loss of $2.6 million, or $(0.22) per basic and diluted share, in 2012.
• As of December 31, 2013, the company had $14.1 million in cash, cash equivalents and marketable securities, equating to $1.15 per share outstanding, and no debt. As of December 31, 2012, the company had $15.8 million in cash, cash equivalents and marketable securities.

Results for the fourth quarter and full year 2013 include an income tax benefit of $63,000, and results for the fourth quarter and full year 2012 include an income tax benefit of $662,000, from the sale of a portion of the company’s New Jersey net operating losses under the State’s Technology Business Tax Certificate Transfer Program, which allows qualified New Jersey-based technology businesses to sell unused amounts of net operating loss carryforwards and research and development tax credits for cash.
Management Commentary
“We are encouraged by the continued revenue growth in our industrial vehicle management segment, and our core margins underlying that business,” said Kenneth Ehrman, I.D. Systems’ president and interim chief executive officer. “Although our decision to increase inventory reserve by $2.1 million significantly impacted margins in 2013, our action was appropriate and necessary. We had a group of aged products, including many we obtained in our acquisitions of PowerKey in 2008 and Asset Intelligence in 2010, which have been rendered obsolete by our latest generation of cutting-edge wireless products.
“These product developments, which we believe position the company well to capitalize on the increasing global adoption of M2M technology, include the fourth generation of our smart, on-vehicle device for controlling industrial trucks, two improved cellular devices for tracking trailer chassis and intermodal containers, an enhanced rental vehicle management unit, and refinements to our Analytics software offering.
“Our rental fleet management business remains an evolving opportunity, not only with our current customer, Avis Budget Group, but also with other companies—both in and outside of the car rental industry. We will continue our efforts to commercialize our intellectual property in this area.
“Our cloud-based Analytics software has evolved through multiple customer deployments, resulting in the recent launch of an industry-first set of key performance indicators based on Analytics data. These KPIs enable unique, quantified valuations of material handling operations, which provide a daily assessment of industrial vehicle performance and form the basis for comparison with the user’s peer industry.
“We remain focused on expanding business with core enterprise customers—particularly by leveraging our Analytics software—and diversifying revenue through new customer development. We are also committed to maintaining I.D. Systems’ position as a leader in wireless M2M solutions—by investing in key resources to accelerate growth, improving our internal quality processes, and capitalizing on both short- and long-term growth opportunities.”
Investor Conference Call
I.D. Systems will hold a conference call for investors and analysts today, Thursday, March 6, 2014, at 4:45 p.m. Eastern time. The company’s interim CEO, Kenneth Ehrman, will lead a discussion on 2013 results 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 gross margin, 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 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.
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; 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, 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. 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, February 26, 2014—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has been invited to present at the 26th Annual ROTH Conference to be held March 10-12, 2014, at the Ritz Carlton in Dana Point, California.
I.D. Systems’ management is scheduled to present at 8:00 a.m. Pacific time on Tuesday, March 11, 2014, with one-on-one meetings held throughout the day. Management will discuss the company’s recent financial performance and operational developments related to its wireless vehicle management systems (VMS) and transportation asset management (TAM) solutions.
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 26th 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. 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, 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.

$935,000 Purchase Order Funds Deployment of Powerfleet® Wireless Vehicle Management System at Three Sites in China
Woodcliff Lake, NJ, February 10, 2014—I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless M2M asset management solutions, has received a purchase order valued at $935,000 from one of the world’s largest consumer packaged goods (CPG) companies, a long-time I.D. Systems customer. The order calls for I.D. Systems to deploy its Powerfleet® wireless Vehicle Management System (VMS) on fleets of industrial trucks at three of the customer’s facilities in the Peoples Republic of China.
After implementation, the customer will have deployed the Powerfleet VMS on more than 1,300 vehicles across 19 sites worldwide, including in Asia, Africa, Europe, South America, and North America. The order was secured and implementation will be overseen by I.D. Systems’ European subsidiary, I.D. Systems GmbH.
“This will be the first deployment of our patented wireless technology in China, the world’s fastest-growing market for industrial vehicles,” said Jeffrey Jagid, I.D. Systems’ chairman and CEO. “This global CPG customer has clearly derived significant financial and operational benefits from our wireless systems, and we look forward to continue deploying our unique solutions for this customer around the world.”
I.D. Systems holds more than 60 patents related to its wireless solutions, including a patent in China for its core electronic control system and network.
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.

Woodcliff Lake, NJ, and Plano, TX, November 18, 2013—Asset Intelligence, a leading provider of M2M transportation asset management solutions and a subsidiary of I.D. Systems, Inc. (Nasdaq: IDSY), has extended its portfolio of container tracking solutions with its new VeriWise™ Intermodal Cellular solution.
“Our Intermodal Cellular product maximizes container fleet utilization and minimizes container idle time by providing visibility of loading/unloading events and generating real-time data on load status throughout the shipment cycle,” said Doug Hoehn, I.D. Systems SVP Americas Sales. “The system has demonstrated the ability to reduce shipment cycle times by an average of 72 hours per container per month, and increase shipment volume and revenue by 10%—without increasing fleet size.”
The VeriWise™ Intermodal Cellular system features:

• Real-time location tracking via GPS satellites and GSM cellular technology
• A low-profile, modular design that enables simple, secure installation—between either the horizontal or vertical corrugated ridges of a standard intermodal container—in under 30 minutes
• A patent-pending, light-based cargo sensor that provides the functionality of a wired door sensor without the installation cost or risk of damage to exposed cables
• Rugged construction, with integrated GPS/cellular antenna and long-life battery, for years of reliable, maintenance-free operation
• An optional security package that prevents tampering and allows quick, easy battery replacement without having to open the container

Hoehn added, “We have tested the VeriWise Intermodal Cellular solution extensively with leading North American domestic container owners and are very pleased with customer feedback. The simple installation, robust reliability and minimal maintenance of the system makes deployment painless, which allows our customers to focus solely on improving their container fleet utilization and increasing bottom line profits.”
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 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.
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—resulting in faster trailer turns, increased asset utilization, improved cargo security, and optimal fleet efficiency.
VeriWise Reefer is a refrigerated trailer management solution, which has been integrated with both Thermo King and Carrier, the world’s leading reefer manufacturers. It allows users to manage temperature set points remotely and react to problems quickly, with real-time alerts based on automatic exception data analysis.
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 is a leading global provider of wireless 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.
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, 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.