I.D. Systems Receives New Orders and Maintenance Agreement from Leading Global CPG Manufacturer
WOODCLIFF LAKE, N.J., May 23, 2016 (GLOBE NEWSWIRE) -- 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.id-systems.com.
CONTACTS: I.D. Systems Ned Mavrommatis Chief Financial Officer Phone: 201-996-9000 firstname.lastname@example.org Investor Relations Liolios Group Matt Glover or Michael Koehler Phone: 949-574-3860 IDSY@liolios.com
Released May 23, 2016