I.D. Systems Signs New Intermodal Chassis Customer

WOODCLIFF LAKE, N.J., Sept. 13, 2016 (GLOBE NEWSWIRE) -- The Asset Intelligence^® subsidiary of I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, announces a new customer relationship for deploying its VeriWise® Chassis tracking solution. 

American Intermodal Management, based in Scottsdale, AZ, is partnering with Asset Intelligence to deploy its VeriWise chassis fleet management solution on its fleet of new chassis. The chassis fleet operator chose the Asset Intelligence solution after an evaluation of available asset-tracking systems in the market.

American Intermodal Management sees a gap in the marketplace related to the quality and availability of equipment and service, and views chassis tracking technology as an enabler for providing a higher level of service to its customers.  With increased asset visibility, reliable operational data, and accurate reporting information provided by the VeriWise Chassis tracking solution, American Intermodal is able to improve the efficiency, productivity, and availability of its assets.

Nathaniel (Than) Seeds, CEO of American Intermodal Management, stated: “AIM’s business model is centered around providing exceptional service to our customers. The VeriWise Chassis solution, featuring AIM-specific intelligence enhancements, are an important part of our service delivery capabilities. We want to be on the forefront of technology in the intermodal shipping industry. AIM chassis with VeriWise enables real-time visibility to bring new efficiencies and operational insights to our customers.”

Matt Harris, Sr. Vice President of Sales at Asset Intelligence, said: “We are very happy to provide American Intermodal Management with our industry-leading technologies that will help them deliver the highest level of service for their customers.”  Mr. Harris added, “AIM is combining the newest equipment with advanced tracking technology to help its fleet operate with optimal efficiency, and ensure its chassis are available exactly when and where customers need them.  We are pleased that our technology will help them accomplish these goals.” 

About VERIWISE^® Chassis Solutions

VeriWise^® Chassis is a complete chassis fleet management system designed to help chassis providers improve operations through:

• improved chassis fleet utilization, including more rapid redeployment of dormant chassis, resulting in increased revenue;
• improved asset turn times, from dispatch and pickup to delivery;
• revealing which markets and customers perform best and worst
• decreased truck travel time, fuel costs and emissions;
• increased visibility of assets, with ability to identify misuse
• reduced chassis maintenance costs; and
• improved billing accuracy, giving chassis pool operators the hard data needed to resolve billing disputes

About I.D. Systems, Inc. and Asset Intelligence
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.id-systems.com.

Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.  

About American Intermodal Management
Headquartered in Scottsdale, Arizona, American Intermodal Management (AIM) was formed in 2016 in response to strong industry demand for alternatives in chassis provisioning and intermodal asset management across the U.S. The AIM business model enhances supply chain management using innovative technologies to deliver a superior customer experience.

CONTACTS:

I.D. Systems   
Ned Mavrommatis  
Chief Financial Officer  
Phone: 201-996-9000  
ned@id-systems.com  

Investor Relations
Liolios Group
Matt Glover or Michael Koehler
Phone: 949-574-3860
IDSY@liolios.com

Released September 13, 2016