I.D. SYSTEMS LAUNCHES NEXT GENERATION OF INTELLIGENT ON-VEHICLE COMPUTERS FOR WIRELESS INDUSTRIAL VEHICLE MANAGEMENT SYSTEMS (VMS)

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 www.powerfleet.com.
Editorial Note
High-resolution images of I.D. Systems’ 4th-generation Vehicle Asset Communicator (VAC) are available upon request as JPG files.
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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.

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