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WOODCLIFF LAKE, N.J., May 17, 2012 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless solutions for tracking, securing and managing high-value enterprise assets, has been invited to present at the Cowen and Company 40th Annual Technology Media & Telecom Conference. The conference will be held at the New York Palace Hotel in New York City on May 30-31, 2012.
I.D. Systems management is scheduled to present on Wednesday, May 30, at 2:45 p.m. Eastern time, with one-on-one meetings held throughout the day. Management will discuss the company's financial results and operational performance, and review its wireless solutions for tracking and managing industrial vehicles, rental fleets, and transportation assets.
I.D. Systems' presentation will be webcast live via http://wsw.com/webcast/cowen7/idsy/ and available for replay after the conference in the investor relations section of the company's website at www.id-systems.com.
Cowen conferences are open to the firm's institutional, venture capital, and corporate clients. To schedule a one-on-one meeting with I.D. Systems management at the Technology Media & Telecom Conference, please contact your Cowen representative. For more information about attending the conference, please contact Brian Perry at 617-946-3869 or email@example.com.
About Cowen Group
Cowen Group, Inc. is a diversified financial services firm providing alternative investment, investment banking, research, and sales and trading services through its two business segments: Ramius LLC and Cowen and Company. Ramius' alternative investment products and services include hedge funds, replication products, managed futures funds, funds of funds, real estate, health care royalty funds and cash management services. Cowen and Company offers industry focused investment banking for growth-oriented companies, domain knowledge-driven research, and a sales and trading platform for institutional investors. Founded in 1918, the firm is headquartered in New York and has offices located in major financial centers around the world.
About I.D. Systems
Based in Woodcliff Lake, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of solutions for securing, controlling, tracking, and managing high-value enterprise assets, including vehicles, powered equipment, trailers, containers, baggage, and cargo. The Company's patented technologies address the needs of organizations to monitor and analyze their assets to improve safety, security, efficiency, and productivity. For more information, visit www.id-systems.com.
"Safe Harbor" Statement
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; projections of earnings, revenues, synergies, accretion or other financial information; and plans, strategies and objectives of management for future operations, including integration plans in connection with acquisitions. 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, 2011. 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.
CONTACT: I.D. Systems Ned Mavrommatis Chief Financial Officer Phone: 201-996-9000 firstname.lastname@example.org Investor Relations Liolios Group, Inc. Matt Glover or Michael Koehler Phone: 949-574-3860 email@example.comSource: I.D. Systems, Inc.
Released May 17, 2012