Powerfleet Recognized as Critical for COVID-19 Response

Company and Employees Recognized by Department of Homeland Security as Key Technology Supplier

WOODCLIFF LAKE, N.J., March 23, 2020 (GLOBE NEWSWIRE) — Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, has been notified by one of its marquee food and beverage customers that as a key supplier Powerfleet and its employees have been recognized by the U.S. Department of Homeland Security as workers who provide essential critical infrastructure during the COVID-19 response. In Israel, Powerfleet’s operations have also been designated as an essential service as it supports emergency responders and critical logistics infrastructure.

Powerfleet’s global customers include Walmart, The United States Postal Service, XPO Logistics, Nestle, Proctor & Gamble, General Mills, Publix, Performance Food Group, Kraft, and many more. These companies are the backbone of the U.S. and global food distribution supply chain and Powerfleet is committed to supporting these critical operations at this time.

Powerfleet provides its tracking and monitoring technology to many critical industries in the food distribution supply chain. The company’s technology is instrumented on key assets such as over the road dry van trailers, refrigerated trailers that haul perishable goods, as well as land and rail shipping containers. Powerfleet technology helps companies run safer and more efficient warehouse operations and logistics operations.

“Powerfleet has and continues to provide the utmost critical customer support during these times to enable our customers to react quickly and safely as they move critical cargo across the globe,” stated CEO Chris Wolfe. “We have also proactively adjusted our cost structure in order to make sure our balance sheet and business can not only weather this storm but come out stronger when the situation recovers. Our priorities remain clear, keep our employees and our communities safe, keep our company healthy and poised for growth, and help our customer’s keep food and household goods getting to where they need to go.”

Powerfleet Launching New Updates to Powerfleet Expert Suite

Updates Expand Current Product Offering with New OC55 and OC59 Devices

WOODCLIFF LAKE, N.J., March 09, 2020 (GLOBE NEWSWIRE) — Powerfleet, Inc. (Nasdaq: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets, has announced significant updates to its Powerfleet Expert suite with the additions of OC55 and OC59. OC55 is set to launch this month and OC59 will be available later in the year.

The OC55 combined with the Powerfleet Expert software enables industrial truck fleet management to bolster safety practices and increase visibility for better asset management. The OC55 has been designed to ensure that pallet jacks, boom lifts, scissor lifts, sweeper/scrubber and other material handling equipment are used by authorized operators while meeting HSE regulation compliance.

With the OC55 and Powerfleet Expert, customers can simplify asset maintenance management, optimize labor resources and turn actionable data into results to reduce costs. The OC55 ensures users efficiently maintain OSHA compliance with intuitive automated checklists, decreases potential damage through impact reporting, and drives a culture of safety that helps to reduce costs. Additionally, the OC55 requires an RFID employee card or numeric code for operation, ensuring that no unauthorized users use assets they are not qualified to operate.

The OC59 will offer all the benefits of the OC55 but with cellular communication and GPS, so customers can experience the benefits of Powerfleet Expert solutions on material handling equipment used outside without requiring Wi-Fi connectivity.

“The technologies used for fleet and warehouse management have become business critical for the success of our clients,” explains Powerfleet for Industrial General Manager, Mark Stanton. “The OC55 and OC59 additions to our Powerfleet Expert suite will not only help future proof their operations, but also ensure better reliability and safety in the way material handling equipment is used.”

Mobileye and Pointer Collaborate to Install Traffic Telematics Units on Traffic Lights in Jerusalem

WOODCLIFF LAKE, N.J., Feb. 20, 2020 (GLOBE NEWSWIRE) — Powerfleet, Inc. (NASDAQ: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets, has announced that its subsidiary, Pointer, is working in tandem with Mobileye to install Pointer telematics units on traffic lights in the streets of Jerusalem. The negotiation follows the joint pilot between both companies.

Pointer’s telematics units transmit the status of the traffic light in real time to the Mobileye Autonomous Experimental Vehicles. The units enable direct communication between the traffic light and the vehicle and provide an additional data layer from the vehicle’s sensors.

Once installed on the traffic lights in Jerusalem, Pointer’s telematics units will transmit the traffic light status every 0.4 seconds. Events will be recorded in real-time on the experimental vehicles in order to verify the traffic light color. The contact between both companies encompasses hundreds of telematics units and over 86,000 daily broadcasts.

Ilan Goldstein CEO Pointer, Powerfleet Group noted, “The traffic light network will offer an additional layer of data for autonomous vehicles moving on Israeli roads today, as well as those moving worldwide in the future.

The Mobileye experimental vehicles will be able to receive traffic light alerts (red, yellow and green) both through car cameras and through the traffic light telematics units. We expect the experiment to be extended to other regions of the country as well as to other markets around the world. Pointer is pleased to join Mobileye on this pioneering project.”

Yossi Hadad, Vice President and VP of Software Integration and Advanced Systems at Mobileye: “As part of the company’s safety concept, we aim to produce redundancy (data duplication) mechanisms to verify the reliability of information received in autonomous vehicle systems. To that end, we are exploring the use of additional sources of information and technologies that are available to us, while maintaining uncompromising security.”

About Powerfleet

Powerfleet® Inc. (NASDAQ: AIOT; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Powerfleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. For more information, please visit www.Powerfleet.com, the content of which does not form a part of this press release.

Tropical Shipping Selects Powerfleet for U.S. and Caribbean Chassis Fleet

Next Generation LV-Series to Empower Tropical’s Operations Future

WOODCLIFF LAKE, N.J., Feb. 18, 2020 (GLOBE NEWSWIRE) — Powerfleet, Inc. (NASDAQ: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets, has announced a partnership with Tropical Shipping, a transportation company that services the Bahamas, Caribbean, South and Central America.

Under the terms of the deal, Powerfleet will equip Tropical’s entire U.S. chassis fleet with over 2,000 5G Compatible LTE LV-300 next generation asset visibility systems on existing chassis, as well as new builds.

Powerfleet’s solutions will enable Tropical Shipping’s operations to improve chassis pool visibility and utilization. Powerfleet’s asset tracking will also generate better supply chain resource allocation through real-time in-transit visibility and more accurate arrival and departure information. Tropical expects to also increase efficiency in maintenance management for more reliable service for time-sensitive customer needs.

“Tropical Shipping is committed to partnering with our customers to ensure the well-being of shipments across our entire supply-chain,” said Doug Vogt, Tropical’s VP of Operations and Equipment. “We are extremely impressed with Powerfleet’s full suite of operating functionality and the overall ease of use. The robust reporting and analytics within Powerfleet’s solution will help us improve the on-time service and cargo tracking to our customers and the destinations that we serve.”

Powerfleet CEO, Chris Wolfe, added: “We are beyond excited to work with Tropical to improve efficiencies across terminals. Powerfleet is a trusted resource for companies like Tropical that operate in areas with unpredictable and turbulent weather. Our enterprise asset management and operational and analytics tools allow our partners to protect materials under their watch and make sure they get to where they need to go.”

About Powerfleet

Powerfleet® Inc. (NASDAQ: AIOT; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Powerfleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. For more information, please visit idsy2019.wpengine.com, the content of which does not form a part of this press release.

About Tropical

Tropical Shipping is a transportation company that provides cargo shipping services from Canada and South Florida to the Bahamas and the Caribbean as well as South and Central America, as well as providing inter-island transportation services throughout the region. Established in 1963, the Miami-based company owns a fleet of 17 vessels with carrying capacity of 9,250 TEUs operating Port Terminals and warehouse facilities in select seaside ports to meet freight-shipping needs to and from The Caribbean and The Bahamas.

Today, Tropical operates ships from Canada and South Florida to The Bahamas and Caribbean, as well as providing inter-island transportation services throughout the region. Our customers transport everything imaginable – and we handle it all, from small packages to millions of tons of grocery products and building materials.

Tropical Shipping’s relationship with our Caribbean and Bahamian neighbors is deep and lasting, built on leadership, trust, responsiveness and good corporate citizenship. Everything Tropical Shipping does, every value we stand for, every course of action we take, is intended to deliver the highest level of service to our customers. From booking cargo and cargo tracking to delivering cargo on time, we are focused on reliability and on doing what we say.

All Truck to Roll Out Powerfleet LV-Series Across Their Entire Fleet

WOODCLIFF LAKE, N.J., Jan. 30, 2020 (GLOBE NEWSWIRE) — Powerfleet, Inc. (NASDAQ: AIOT), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets, has been engaged by All Truck to upgrade its entire fleet of 1,500+ trailers from existing 3G devices to Powerfleet 5G-compatible LTE LV-100 devices.

Specializing in local and regional truckload transportation solutions throughout the Midwest, All Truck selected Powerfleet’s services to help streamline operations and generate increased visibility across its fleet, as the business continues to expand services across the United States. Upgrading the All Truck fleet to LTE LV-100 devices is a critical business initiative enabling All Truck to understand fleet and asset activity in real time so it can quickly manage and respond to customer capacity demand.

“Next generation technology such as the Powerfleet LTE LV-100 devices will be crucial to our expansion across the U.S.,” explained All Truck president, Nino Alagna. “An overhaul of our entire fleet would normally be a massive undertaking, but Powerfleet’s proven technology is flexible and easily integrates to our transportation management software, taking the headache out of the upgrade process.”

Founded in 1978, All Truck built a notable presence in the transportation industry, quickly growing to a 385-truck operation with a 1500+ fleet of trailers. Achieving an annual growth rate of 15%, the company continues to achieve success across the market by providing clients with exceptional care using cutting-edge technology and advancements in the industry.

“Market-leading customer service requires visionary and high-quality solutions, and we understand the pressure that this puts on our customers to adapt, upgrade and scale with the evolving market,” said Powerfleet CEO, Chris Wolfe. “We’re pleased to partner with All Truck to help them get a jump on the upcoming 3G sunset and we look forward to continuing our successful relationship with All Truck to generate value for both the company and their customers.”

About Powerfleet®

Powerfleet® Inc. (NASDAQ: AIOT; TASE: PWFL) is a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company is headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. Powerfleet’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. Our offerings are sold under the global brands Powerfleet, Pointer, and Cellocator. For more information, please visit idsy2019.wpengine.com, the content of which does not form a part of this press release.

B.A.H Express Selects I.D. Systems’ Solutions to Increase Visibility and Ensure ELD Compliance

LV9000 In-cab to be Rolled Out Fleetwide through Q4 2019

WOODCLIFF LAKE, N.J., Sept. 26, 2019 (GLOBE NEWSWIRE) — Powerfleet for Logistics, a division of I.D. Systems, Inc. (NASDAQ: IDSY), has been engaged by B.A.H. Express to equip its entire fleet of 200 tractors with I.D. Systems’ state-of-the-art LV9000 in-cab technology platform. The addition of I.D. Systems’ platform will ensure that B.A.H becomes compliant with the Department of Transportation’s newly mandated electronic hours of service regulations.

B.A.H. is a super-regional, inter-regional, and local carrier, which has the ability to accommodate both full and partial truckloads to provide flexible and reliable service to time-sensitive customers. The company is headquartered in Conley, GA, has a 48-state contract authority, and specializes in serving the Southeast and Midwest regions. B.A.H. also maintains a full-service logistics division, which increases the company’s coverage and greatly enhances its overall capacity.

“We were already using I.D. Systems’ in-cab solution with great success,” said Johnie Snyder, VP of safety and compliance at B.A.H. Express. “We were therefore pleased to learn they had an asset-tracking solution that not only made us ELD compliant but provided an incredible level of ‘always-on’ visibility. I.D. Systems worked with us to integrate its in-cab tracking and eLogs system into our existing inhouse platform, which expedited the mandated reporting we share with our customers and industry authorities.”

Since its founding by Waymon and Barbara Hemmings in May of 1990, B.A.H. Express has expanded to Concord and Kings Mountain, NC, Calhoun, GA, Knoxville, TN, and New Orleans, LA. Due to its strategic location outside Atlanta, a major transit hub, as well as continued investments in technology and service, B.A.H. has continued to expand and remain ahead of some of the industry’s more established players.

“It is always encouraging to see current customers expand their relationship with us, as it validates the efficacy of our solutions and demonstrates our ability to maintain quality customer relationships,” said Norm Thomas, General Manager of Powerfleet for Logistics at I.D. Systems. “We look forward to continuing our successful relationship with B.A.H. and generating value for both of our businesses by integrating our LTE-based Powerfleet LV9000 within their fleet.”

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Florida, Texas, Germany, and the United Kingdom, I.D. Systems provides its suite of Powerfleet wireless IoT solutions around the globe for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, trailers, containers, and cargo. The Company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. I.D. Systems will be rebranded as Powerfleet (Nasdaq: PWFL) following the close of its acquisition of Pointer Telocation. For more information, please visit idsy2019.wpengine.com.

I.D. Systems Ships First Shipments Under Jungheinrich AG Global Technology Agreement

Grows I.D. Systems European Sales by 80%

WOODCLIFF LAKE, N.J., Sept. 24, 2019 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, announced today that it received initial orders from Jungheinrich after successfully delivering on all development milestones.

Per the technology partnership agreement that was announced at the beginning of this year, I.D. Systems worked with Jungheinrich to develop a highly integrated telemetry platform for Jungheinrich vehicles combined with sophisticated fleet management software. This technology partnership will power-up Jungheinrich customers’ ability to run safer, more cost-effective intralogistics operations.

“Our two organizations worked diligently over the past several months to beat all development milestones, train the Jungheinrich sales team and build a strong partnering foundation,” said Mark Stanton, GM of Powerfleet for Industrial. “We view our relationship as a long-term partnership and are committed to co-developing next generation platforms with Jungheinrich and delivering the highest quality telematics products and most advanced fleet management systems in the world.”

“It’s great when a vision, combined with a plan of action and great execution help that vision become reality,” said Frank Marschatz, Service Director at Jungheinrich. “We at Jungheinrich are excited to offer our customers solutions that quickly and accurately monitor utilization, vehicle maintenance, damage, and safety compliance to accurately identify problem and improvement areas. Jungheinrich will also use the system to enhance their Material Handling Equipment maintenance and service.”

“Our technical, sales, service and support teams in EMEA have been working with Jungheinrich on many customer projects over the years and we are excited to assist Jungheinrich with their successful roll-out of their new platform,” said Ute Filippone, Business Manager EMEA for I.D. Systems.

To learn more about I.D. Systems, visit idsy2019.wpengine.com/.

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, trailers, containers, and cargo. The company’s acquisition of Pointer Telocation (TASE: PNTR) is expected to occur in October 2019. Upon the closing of the acquisition, the combined company will be renamed Powerfleet ® Inc (NASDAQ: PWFL) and will operate as a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial trucks, tractor trailers, containers, cargo, and vehicles and truck fleets. The company will be headquartered in Woodcliff Lake, New Jersey, with offices located around the globe. The Company’s patented technologies will continue to address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, visit idsy2019.wpengine.com.

About Jungheinrich

Founded in 1953, Jungheinrich ranks among the world’s leading providers of intralogistics solutions. With a comprehensive portfolio of material handling equipment, logistics systems and services, Jungheinrich is able to offer customers customized solutions for the challenges posed by Industry 4.0. The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and around 80 other countries through partner companies. Jungheinrich employs around 18,000 people worldwide and generated Group revenue of €3.4 billion in 2017. The Jungheinrich shares are listed on the SDAX.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to I.D. Systems’ beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond I.D. Systems’ control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding: prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion or other financial information; emerging new products; and plans, strategies and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2018. 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’ Powerfleet® for Logistics Equips Entire Samuel Coraluzzo & Torrissi Transport Fleet

Streamlined ELD Complaint System Improves Visibility and Operational Agility

I.D. Systems, Inc., a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, has deployed upgraded in-cab technology for the entire fleet of Samuel Coraluzzo & Torrissi Transport, a recognized industry leader in hauling oil across the U.S. east coast.

Integrating their latest Powerfleet technology offering, the LV9000 asset-tracking solution, into the Samuel Coraluzzo & Torrissi Transport operating system has delivered a 360-degree, “real time” view of their business that improves employee productivity and helps deepened customer satisfaction by reducing problems and enables taking proactive measures before problems occur.

The I.D. Systems Powerfleet ELD compliant system is a robust, technically-advanced in-cab installation that is specifically designed to manage logistics and transportation fleets. I.D. Systems has been working with Samuel Coraluzzo & Torrissi Transport since 2007 to accelerate the transformation of its logistics information architecture in support of the company’s business objectives: increased visibility, reduced material handling costs and improved overall operational agility.

“We were excited that we didn’t need to upgrade our entire operating system in order to uncover an unprecedented level of ‘always-on’ transparency,” explained Samuel Coraluzzo & Torrissi Transport President, Robert Penza. “I.D. Systems worked with us to integrate their top-of-the-line Powerfleet LV9000 into our existing platform in a way that expedites the mandated reporting we share with our customers.”

Norm Thomas, General Manager of Powerfleet for Logistics, commented: “There was really no need to replace Samuel Coraluzzo & Torrissi Transport’s existing technology architecture. Whenever we can partner with our customers and bring them a proven and tested custom-integrated solution, it’s truly a win for all involved. Helping our customers achieve increased accountability, operational efficiencies and save money.”

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Florida, Texas, Germany, and the United Kingdom, I.D. Systems provides its suite of Powerfleet wireless IoT solutions around the globe for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, trailers, containers, and cargo. The Company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. I.D. Systems will be rebranded as Powerfleet (Nasdaq: PWFL) following the close of its acquisition of Pointer Telocation. 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, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2018. 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 a result of new information, future events, or otherwise.

Powerfleet® for Logistics Helps American Intermodal Management Power Its Technology Driven Business Model

Innovative Technology Enables AIM to Set Itself Apart from Other Providers

WOODCLIFF LAKE, N.J., July 30, 2019 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, is helping American Intermodal Management, LLC (AIM), an industry leader in chassis provisioning and asset management across the U.S., extend the value proposition of the chassis beyond a piece of equipment to integrate itself into its clients’ supply chains. With the most recent order, AIM will now have its entire 11,000-unit fleet powered by Powerfleet.

Working with AIM since 2016, Powerfleet® for Logistics by I.D. Systems continues to collaborate on technology to streamline core business intelligence and tailor asset management solutions that work to improve operational efficiency, increase agility and achieve a greater overall business value. Powerfleet’s chassis tracking and sensor solutions help AIM’s lease and rental customers maximize chassis utilization – offering greater visibility and comprehensive, reliable data. Targeted benefits include reduced transit cycle times, improved operations, enhanced productivity and lower operational cost.

“Our objective has always been to leverage transformational technologies with the goal of improving operations and increasing efficiencies across our business,” said Than Seeds, CEO, AIM. “That’s why we look forward to continuing to partner with Powerfleet in order to capitalize on their innovative technology and produce a greater economy for all our stakeholders.”

Norm Thomas, General Manager of Powerfleet for Logistics, explained: “We appreciate our continued partnership with AIM and their commitment to our product roadmap. We make it our business to give our partners a competitive edge that they ultimately experience as streamlined operations, increased accountability and money saved. That’s why we’re constantly innovating, integrating and customizing our technologies for our customers.”

About American Intermodal Management (AIM)

Headquartered in Scottsdale, Arizona, American Intermodal Management, LLC (AIM) was formed in 2016 in response to strong industry demand desiring alternatives for chassis provisioning, and asset management across the U.S. AIM owns and leases technology enhanced marine chassis to customers who transport marine containers between ports, rail ramps and distribution centers in North America. The AIM business model combines integrity, proactive-disciplined management processes, high quality assets, innovative technology application, and a passion for excellence to achieve maximum value creation. Currently, AIM has over 11,000 chassis deployed at the ports of Los Angeles, Long Beach, Seattle, Houston, Oakland and is continually expanding its footprint.

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, Germany and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as industrial vehicles, rental cars, trailers, containers, and cargo. The company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, please visit idsy2019.wpengine.com, the content of which does not form a part of this press release.

Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to I.D. Systems’ beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond I.D. Systems’ control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include statements regarding: prospects for additional customers; potential contract values; market forecasts; projections of earnings, revenues, synergies, accretion or other financial information; emerging new products; and plans, strategies and objectives of management for future operations, including growing revenue, controlling operating costs, increasing production volumes, and expanding business with core customers. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems’ products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems’ intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in I.D. Systems’ filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2018. 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 a result of new information, future events, or otherwise.

I.D. Systems, Inc. Integrates Carrier Web products and launches website

Company introduces new Powerfleet branding for Logistics, Industrial and Automotive business units and renames Carrier Web solutions

 

Woodcliff Lake, NJ (May 2, 2019): I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, has unveiled its redesigned website, idsy2019.wpengine.com. The new site features updated branding for Powerfleet ® by ID Systems, supporting its logistics, industrial and automotive business units with a focus on its transportation offerings and renaming of Carrier Web ELD and Reefer solutions.

Powerfleet for Logistics now integrates bumper-to-bumper telematics solutions – covering in-cab, refrigerated trailers, dry van and container transport. Their innovative LV Series line of sophisticated asset-tracking and telemetry products offers new ways to access asset location and sensor data, as well as monitor the cargo inside the trailer or container. The integrated Powerfleet solution suite allows customers a 360-degree review of their business, improves employee productivity and deepens customer relationships by reducing the amount of time needed to access data and solve problems before they occur. This integrated approach expands and strengthens I.D. Systems’ position in the fleet management value chain.

The Carrier Web ELD and Reefer hardware solutions have been renamed the LV-9000 and LV-400 respectively. These devices are immediately available for purchase to enable haulers to insure regulatory compliance and optimal service delivery operations. The full LV Series offers significant benefits that include optimizing driver efficiency, identifying underutilized assets, reducing idle times, faster turns and verifying trailer and cargo status before hook-up – all of which improve productivity and the driver’s quality of work-life.

A recipient of the Heavy-Duty Trucking Top 20 Products of 2018 Award, I.D. Systems transforms the way organizations manage mobile business assets — including cargo power units and trailers, forklifts, and connected cars. The company’s technologies control, track, analyze, and optimize hundreds of thousands of these assets around the world. Organizations using IDSY technology operate more safely, improve efficiency and cut costs.

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets – such as industrial vehicles, rental cars, trailers, containers, and cargo. The company’s patented technologies address the needs of organizations to monitor and analyze their assets in order to increase efficiency and productivity, reduce costs and improve profitability. For more information, visit idsy2019.wpengine.com.

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