Michael Foods, Inc. Chooses Powerfleet® VMS from I.D. Systems to Increase Material Handling Safety

Woodcliff Lake, N.J. — April 2, 2016 —I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has signed a corporate agreement with Michael Foods, a leading food processor and distributor to outfit its fleet of 150 industrial trucks with the Powerfleet® Vehicle Management System provided by I.D. Systems. The company’s decision followed an extensive evaluation of several VMS providers, ultimately choosing I.D. Systems’ Powerfleet based on its advanced capabilities and analytics software.
“We are delighted to bring Michael Foods into our family of industry-leading customers who have realized exceptional value from our Vehicle Management Systems,” stated Kenneth Ehrman, CEO of I.D. Systems. “We are looking forward to helping Michael Foods implement our solutions to increase employee safety, and better understand the productivity of their material handling operations through our Powerfleet IQ® Analytics platform.”
Kelly Solmonson, Director of Warehousing for Michael Foods recognizes that the vehicle management system will create a safer work environment for industrial truck operators and other employees who work near moving vehicles. “Ensuring the safety of our employees is our top priority, and Powerfleet VMS will be a critical tool to help us maintain a safe working environment and achieve our safety goals,” stated Solmonson. “We look forward to having the ability to make sure our employees are complying with our safety policies, and operating vehicles in a safe manner.”
Powerfleet improves workplace safety in several areas including restricting access to vehicles to only trained operators, vehicle inspection checklist compliance, impact detection, monitoring and reporting unsafe driving and safety violations. Powerfleet also automatically notifies maintenance personnel of vehicles in need of repair, and locks-out vehicles that are unsafe to drive until repairs have been completed.
Michael Foods also expects to be able to identify areas where performance and productivity can be improved using Powerfleet IQ®, the analytics software component of the Powerfleet system. “Having the data and tools available to properly evaluate and improve our processes will help our operations run more efficiently and smoothly,” said Solmonson.
Powerfleet IQ enables companies to track and monitor Key Performance Indicators on an ongoing basis, compare performance across sites and to industry averages. Powerfleet IQ also helps companies optimize fleet size, develop an accurate forecast of future asset needs, and analyze fleet and operator productivity.
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 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.

I.D. Systems Receives Additional Orders from Fortune 10® Global Industrial Manufacturer

Woodcliff Lake, N.J. — November 04, 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 from a division of a Fortune® 10 global industrial manufacturer for I.D. Systems’ Powerfleet® Vehicle Management System.  The new orders for a third additional site continue the customer’s rollout of VMS in facilities throughout North America. The customer finalized a corporate agreement with I.D. Systems in October 2016 that allows the company’s affiliates to purchase Powerfleet VMS for their facilities.
The new customer chose Powerfleet VMS as it seeks to improve safety, compliance, and accountability for its industrial truck fleet and material handling operations. The company also expects to see improvements in fleet utilization and productivity, as well as cost savings from more efficient operations.
“We are pleased to have won this significant opportunity with another industry leader, further proving the value Powerfleet VMS provides to our global customer base,” stated Kenneth Ehrman, CEO of I.D. Systems.  “With employee safety as a top priority for many organizations, including for this new customer, our VMS delivers a safer workplace by controlling access to vehicles, providing in-depth insight into operator behavior, monitoring and identifying safety issues, and helping companies establish best practices in their facilities.”
About Powerfleet® Industrial Vehicle Management Systems (VMS)
I.D. Systems patented Powerfleet® 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 patented technologies for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo.  The company’s solutions 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.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward looking statements within the meaning of the 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, 2015. 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 Receives Follow-On Orders from North America Auto Manufacturer

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.
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; potential barriers to competition; projections of earnings, revenues, synergies, accretion or other financial information; expectations for growth of the business; and plans, strategies and objectives of management for future operations.  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, 2015. 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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I.D. Systems Appoints Former Qualcomm Division President Chris Wolfe as New Chief Product Officer

Woodcliff Lake, NJ — July 29, 2016I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, has appointed industry veteran Chris Wolfe to the new position of chief product officer, effective August 4, 2016. Wolfe brings more than 20 years of experience in building, implementing, and selling paradigm-changing technology solutions.
Wolfe began his career at several leading transportation companies, including Roadway Express and Leaseway Transportation. He then served in various leadership, management, and product implementation roles at Qualcomm (NASDAQ: QCOM), a world leader in 3G, 4G and next-generation wireless technologies. In his most recent role at Qualcomm, Wolfe served as president of the Wireless Business Solutions division, where he oversaw and helped successfully launch the company’s TrailerTRACS product, Qualcomm’s first major wireless product launch since the roll-out of its flagship product, OmniTRACS.
Within one year, Wolfe helped TrailerTRACS become the number one trailer-tracking system in the market, with several multi-million dollar contracts from some of the biggest users and purveyors of truckload, intermodal, and logistics services, including Schneider National and Swift Transportation. During his tenure as president, Qualcomm’s Wireless Business Solutions division experienced 63% increase in revenues from $270 million to $440 million.
Wolfe also worked as an independent strategy consultant for I.D. Systems, where he provided numerous product quality assessments, as well as contributions to key engineering projects. In his position as chief product officer, he will manage the product and engineering teams, and will report directly to the company’s COO Norm Ellis. Wolfe will be responsible for all product-related initiatives, including product development, assessment, and management. The company plans to reapportion certain costs from other departments to provide for Wolfe’s compensation.
“After a successful six months working with Chris to ensure we delivered the highest-quality products, we realized the important value he brought to our organization, and knew that he would make a great addition to our executive team,” said I.D. Systems Chairman and CEO Kenneth Ehrman. “Chris brings a deep understanding of the industry and what it takes to make a great product and grow revenue, and we will continue to look to him to ensure that we not only deliver the most scalable and high-quality solutions of today, but also for the future. With his appointment, we now have arguably the most experienced management team in the rapidly growing industrial Internet of Things space.”
Wolfe added: “Working with I.D. Systems over the last six months gave me an in-depth understanding of the amount of effort and work that goes into making a best-in-class product that meets all of the expectations of the company’s Fortune 100 customers. Now, as chief product officer, my priorities are to ensure our product line-up and roadmap remain best-in-class and ensure the successful delivery and implementation of our technology solutions to take the company to the next level. My extensive industry experience combined with I.D. Systems’ capabilities and market position, ideally positions us to capitalize on the global industrial Internet of Things revolution.”
Wolfe received degrees in business, computer technology and education from the University of Akron. In addition, he completed an executive management course with Stanford Executive Institute and successfully completed preliminary MBA finance and accounting courses at Cleveland State University.
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 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.

I.D. Systems Receives New Orders and Maintenance Agreement from Leading Global CPG Manufacturer

Woodcliff Lake, N.J. — May 23, 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 new orders from a leading global consumer goods company continuing a global rollout of the I.D. Systems Powerfleet® Industrial Vehicle Management System (VMS).  The company has purchased forty-five units for a new distribution center in North America.  In addition, the company has reached a global maintenance agreement expected to cover up to 2,300 industrial trucks at more than thirty sites worldwide with initial two-year terms.
Safety is a key motivation for the company’s continued adoption of I.D. Systems’ VMS, with a corporate standard to implement Powerfleet across the enterprise’s distribution centers in North and South America.
I.D. Systems COO Norman Ellis stated: “We are very happy to continue providing exceptional service to our customer, and look forward to supporting their further adoption of our leading technologies to improve safety in their distribution centers.”
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 patented technologies for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo.  The company’s solutions 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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I.D. Systems Receives New Orders for European Operations of Global Automotive Manufacturer

Woodcliff Lake, N.J. — May 19, 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 new orders totaling approximately $440,000 from a leading global auto manufacturer.  The company will install I.D. Systems’ Powerfleet® Vehicle Management System (VMS) on newly purchased industrial trucks in three manufacturing facilities in Europe.  The orders are comprised of VAC4 units – Powerfleet’s next generation on-vehicle device.
“We are delighted that one of our largest customers continues to gain value from our VMS,” said I.D. Systems Chairman and CEO Kenneth Ehrman. “As with many of our customers, safety remains a key driver of VMS adoption for this auto manufacturer, as they seek to ensure the safety of their employees on the plant floor. We are happy that the safety features of Powerfleet are proving beneficial for their operation.”
“Additionally, we are continuing to gain traction with sales of our VAC4 device, as evidenced by these orders.  The quality and reliability of VAC4, as well as technological advancements over the previous generation hardware, are resulting in improved VMS operations for our customers.  We are encouraged with the progress we continue to make transitioning to our next generation hardware.”
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 technologies for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo.  The company’s solutions 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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