Woodcliff Lake, N.J. — October 27, 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 $500,000 for its Powerfleet® Vehicle Management System from a leading global auto manufacturer. The new systems will be installed in one of the company’s new facilities in the U.S.
The orders continue the planned rollout of Powerfleet in the customer’s manufacturing facilities worldwide. In 2015, the company selected I.D. Systems as its sole provider of industrial truck telemetry solutions based on superior system performance, reporting and analytics capabilities.
I.D. Systems Chairman and CEO Kenneth Ehrman stated: “We are very encouraged that our performance has surpassed this customer’s expectations, resulting in these additional orders and continued planned rollout of Powerfleet VMS. We look forward to supporting further implementations in the coming months.”
About Powerfleet® Industrial Vehicle Management Systems (VMS)
I.D. Systems patented Powerfleet® Wireless Industrial Vehicle Management Systems (VMS) helps improve supply chain safety and productivity by establishing accountability for the use of forklifts and other industrial trucks, ensuring equipment is in the proper place at the right time, streamlining material handling work flow, and providing unique metrics on vehicle utilization. The Powerfleet® VMS also helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting equipment problems electronically, scheduling maintenance according to actual vehicle usage rather than by calendar or manual data entry, and helping determine the optimal economic time to replace equipment. In addition, Powerfleet® helps improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and sensing vehicle impacts.
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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