Woodcliff Lake, N.J. — March 24, 2016 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has received additional orders totaling $750,000 from a leading global auto manufacturer for I.D. Systems’ Powerfleet® Industrial Vehicle Management System (VMS). The company selected I.D. Systems as its telematics vendor of choice in 2015 after an extensive evaluation of industrial vehicle telematics solutions. The orders are the start of a planned rollout of the Powerfleet system at the customer’s manufacturing facilities worldwide.
I.D. Systems Chairman and CEO Kenneth Ehrman stated: “This global auto manufacturer has recognized the value that Powerfleet provides through productivity enhancements and creating a safer working environment for its employees. Powerfleet has proven its ability to reduce vehicle impacts, and has provided valuable vehicle usage data that helps management make critical decisions to improve their material handling operations. We are very pleased that our customer is seeing significant benefits from our VMS, and they are continuing to implement our VMS across their enterprise.”
About I.D. Systems, Inc.
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, visit www.powerfleet.com.
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