HACKENSACK, N.J., Oct. 18 /PRNewswire-FirstCall/ -- I.D. Systems, Inc.
(Nasdaq: IDSY) today announced that it has received orders from the U.S.
Postal Service (USPS) to deploy the company's Wireless Asset Net(TM) powered
industrial vehicle management system at nine additional USPS facilities.
These orders increase the number of USPS facilities deploying the Wireless
Asset Net to 22. Under the terms of the USPS' three-year national contract
with I.D. Systems, up to 460 USPS facilities can order the Wireless Asset Net
system.
The nine new facility orders are valued at approximately $2.6 million.
"We are beginning to see the adoption rate within the Postal Service
approach our expectations, and we are confident our comprehensive wireless
solution for managing their powered industrial vehicles will continue to
provide significant benefit for the Postal Service," said Rick Muntz, I.D.
Systems' executive vice president of sales, marketing and customer
satisfaction. "We are fortunate to have gained significant experience in
managing these types of enterprise roll outs with some of our previous
industrial and commercial customers."
About The Wireless Asset Net(TM)
The Wireless Asset Net consists of intelligent wireless devices installed
on powered industrial vehicles (such as fork trucks and pallet movers), a
patented communication infrastructure, and client-server software for access
control, utilization analysis, real-time location tracking, and many other
functions. The system is designed to improve industrial workplace safety and
security by restricting vehicle access to trained, authorized operators and by
providing electronic safety inspection checklists. The system is designed to
reduce maintenance expenses by automatically uploading vehicle data, reporting
vehicle problems in real time, giving management the option of scheduling
maintenance according to actual vehicle usage rather than on a calendar basis,
and helping plant management determine the optimal economic time to replace
equipment. The system is also designed to help improve productivity by
ensuring equipment is in the proper place at the right time and by providing
management with unique reports on vehicle utilization.
About I.D. Systems
Based in Hackensack, New Jersey, I.D. Systems, Inc. is a leading provider
of wireless solutions for corporate asset management. I.D. Systems' customers
include 3M Company, American Axle, Archer Daniels Midland, DaimlerChrysler,
Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop
Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal
Service, and the U.S. Transportation Security Administration, among others.
Using local area networks, wide area networks, and the Internet, the company's
systems enable management to control and track the location and status of
their assets - from forklifts and cranes to automobiles and trucks to complex
fixed machinery - in real time. For more information on I.D. Systems, Inc.,
visit http://www.id-systems.com.
Trademarks
I.D. Systems, Inc. and Wireless Asset Net are registered or pending
trademarks of I.D. Systems, Inc.
"Safe Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995
This press release contains forward looking statements that are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and that are subject to risk and uncertainties, including,
but not limited to, the impact of competitive products, product demand and
market acceptance risks, fluctuations in operating results and other risks
detailed from time to time in I.D. Systems' filings with the Securities and
Exchange Commission. These risks could cause I.D. Systems' 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.
SOURCE I.D. Systems, Inc.
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Related links:
http://www.id-systems.com
CONTACT:
For Financial Press, Ned Mavrommatis, Chief
Financial Officer, ned@id-systems.com, or For Trade Press, Greg
Smith, Vice President Marketing, gsmith@id-systems.com, both at
+1-201-996-9000, or fax, +1-201-996-9144, both of I.D. Systems,
Inc.
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