I.D. Systems Integrates Keytroller and Forms Powerfleet® Division Focused on Industrial Truck Management Systems

WOODCLIFF LAKE, N.J., Sept. 06, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc.(NASDAQ:IDSY), a leading provider of enterprise asset management technology, has announced today that it will combine the operations of its existing Vehicle Management Systems (VMS) division with the recent successful acquisition of Keytroller, LLC. This new business unit will operate as I.D. Systems’ Powerfleet® division that focuses on the delivery of world-class Industrial Truck Management Systems (ITMS). Building on the DNA of success created by Terry Wickman, founder of Keytroller, this new division will combine the strategic account prowess from the VMS division to create a holistic offering for the market.

Chris Wolfe, I.D. Systems CEO explained: “The acquisition of Keytroller in 2017 provided I.D. Systems with a broader portfolio of products that allows us to service every customer, large and small. To ensure continued success and growth, it was logical to bring our VMS and Keytroller® teams together. This allows I.D. Systems to create a seamless sales, marketing, engineering and support group to better serve our customers, partners and employees.”

The new business unit will be led by Mark Stanton, who was promoted to VP & GM of the Powerfleet® division. Stanton has led the VMS business unit for the past four years and was an integral part of the Keytroller® acquisition and transition into I.D. Systems.

“I am very excited at the potential for these two organizations to merge together into one unified operation,” said Stanton. “It is a great opportunity for the team to continue with the strong market momentum we have created, and it will also enable us to optimally support our customers and partners as they grow their businesses together with our Powerfleet® solutions.”

The Powerfleet® division will be relocating to new facilities in the Tampa area at the end of 2018. A Center of Excellence will be created at this location to drive innovation within product engineering, development, testing, and customer support. This new center will become the engine for new, innovative, world-class products for the industrial truck market.

“Mark is the ideal candidate to lead our new Powerfleet® division. I.D. Systems is poised to deliver exciting products and services that will transform the industrial truck telematics market while creating significant value for our Customers and Partners,” stated Wolfe.
Wickman will remain actively involved with the transition within the role of International Business Development.

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, 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 such as 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, please visit idsy2019.wpengine.com.

I.D. Systems Receives Order from a Top-3 Automotive Manufacturer to Maximize Safety and Efficiency in Their Operations

New 2018 orders for I.D. Systems’ Powerfleet® industrial vehicle management solution to control, track, and maintain forklifts in multiple manufacturing operations in U.S.

I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology announced today that it has reached an agreement with several divisions of one of the world’s largest automotive manufacturers to purchase I.D. Systems’ Powerfleet® industrial vehicle management solution. These new orders include products and services totaling $2.8 million and will be deployed in four U.S. sites in 2018.

I.D. Systems’ patented Powerfleet® Vehicle Management Systems (VMS) helps improve supply chain safety and productivity by restricting vehicle access to only trained and authorized operators, providing electronic vehicle inspection checklists, and sensing and reporting vehicle impacts. In addition, Powerfleet® reduces fleet maintenance costs by automatically uploading vehicle operational data, reporting equipment problems, 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.

We are proud that several of the largest automotive manufacturers are I.D. Systems customers and are consistently choosing Powerfleet to help ensure safe and efficient operations in their manufacturing and warehousing operations,” said Chris Wolfe, CEO of I.D. Systems. “We’ve been supporting the automotive industry for many years now, and we continue to deliver innovative and reliable solutions for top manufacturing operations so they can remain safe and drive productivity improvements.”

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Florida, 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 such as 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, please visit idsy2019.wpengine.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; 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, 2016. 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 a result of new information, future events, or otherwise.

I.D. Systems Selected by Toyota Service Parts and Accessories Operations for Industrial Vehicle Management for 11 Parts Distribution Centers in U.S.

I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology, announced today that Toyota Motor North America Service Parts and Accessories Operations (Toyota) group has agreed to purchase its Powerfleet® industrial vehicle management solution for 11 parts distribution centers throughout the U.S. Initial DC deployment plans have been finalized with remaining DC’s to roll out in 2018. The agreement continues the established relationship between Toyota and I.D Systems, building on prior generation solutions used to manage and control forklifts in Toyota’s manufacturing operations.

I.D. Systems’ patented Powerfleet® Vehicle Management Systems (VMS) helps improve supply chain safety and productivity by restricting vehicle access to only trained and authorized operators, providing electronic vehicle inspection checklists, and sensing and reporting vehicle impacts. In addition, Powerfleet® reduces fleet maintenance costs by automatically uploading vehicle operational data, reporting equipment problems, scheduling maintenance based on actual vehicle usage rather than by calendar or manual data entry, and helping determine the optimal economic time to replace equipment.

“I.D. Systems is proud that Toyota’s Service Parts and Accessories Operations group has chosen Powerfleet once again to help ensure safe and efficient operations in their warehousing operations,” said Chris Wolfe, CEO of I.D. Systems. “We’ve been supporting Toyota for many years now, and we continue to deliver innovative and reliable solutions for other similar top manufacturing operations so they can remain safe, deliver operational excellence and drive productivity improvements.”

Michael Mark, Manager of Environmental, Health, & Safety at Toyota added, “After reviewing industrial vehicle management solutions based on our selection criteria, we selected I.D. Systems’ Powerfleet as we found it to be a robust, comprehensive product that fit our business unit and specific needs.”

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. For more information, please visit idsy2019.wpengine.com.

About Toyota

Toyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota and Lexus brands. Over the past 60 years, we’ve built more than 30 million cars and trucks in North America, where we operate 14 manufacturing plants (10 in the U.S.) and directly employ more than 44,000 people (more than 34,000 in the U.S.).  Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold nearly 2.6 million cars and trucks (2.45 million in the U.S.) in 2016 – and about 85 percent of all Toyota vehicles sold over the past 15 years are still on the road today.

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; 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, 2016. 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 a result of new information, future events, or otherwise.

Modern Materials Handling Article on Forklift Data Features I.D. Systems and Keytroller

Terry Wickman, the leader of I.D. Systems’ Keytroller division, and Dan Romary, I.D. Systems’ Vice President of Analytics and Software, are both quoted extensively in Modern Materials Handling this month, in an article on forklift data titled “Leveraging Your Lift Truck Data.”

I.D. Systems Receives Purchase Order from a Leading Global Online Retailer

WOODCLIFF LAKE, N.J., Aug. 10, 2017  — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has received an initial purchase order valued at $650,000  for one of the world’s largest online retailers for its Powerfleet® Vehicle Management System.

I.D. Systems’ technology will be installed at three of the retailer’s European distribution centers in Germany, Italy and France. The customer selected Powerfleet based on its superior system performance, reporting and analytics capabilities, as well as its advanced workplace safety functions.

“We are thrilled that our Powerfleet system was selected by this major online retailer,” said Ute Filippone, ID Systems Business Manager EMEA & UK. “What makes this win even more gratifying is that it came after a tough competitive assessment, where we were able to exceed the customer’s stringent operational requirements. We will be deploying our solutions during the third quarter, and look forward to expanding our relationship in the future.”

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
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. For more information, please visit idsy2019.wpengine.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; 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, 2016. 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 Contacts
Ned Mavrommatis, CFO
ned@id-systems.com
201-996-9000                           
Liolios Group, Inc.
Matt Glover
IDSY@liolios.com
949-574-3860

Primary Logo

I.D. Systems Completes Keytroller Acquisition, Strengthening Market Position and Fueling Growth Potential

WOODCLIFF LAKE, N.J., Aug. 01, 2017 — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of mobile asset management technology and solutions for the Industrial Internet of Things, has completed its acquisition of Keytroller, LLC, a manufacturer and marketer of electronic products for managing forklifts, construction vehicles, and other industrial equipment.
Combined, the companies have installed hundreds of thousands of management devices on forklifts and other industrial trucks in more than a dozen countries around the world. I.D. Systems markets its flagship Powerfleet® system primarily to end users and lift truck OEMs as a premier solution for global enterprises with large fleets of equipment across multiple sites. Keytroller markets its broad line of forklift management devices mainly through a large network of lift truck dealers, offering solutions for many different fleet sizes at a wide range of price points.
“One of the most important advantages the acquisition of Keytroller gives us, is now we can truly offer the perfect solution to any customer—no matter how large or small their fleet is, what problem they are trying to solve, or what budget they have to work with,” said I.D. Systems CEO Chris Wolfe. “In addition, together, I.D. Systems and Keytroller give customers the best option as an OEM-independent provider of forklift management technology. It’s vital for a fleet management system to work seamlessly across all makes, models and types of industrial trucks.”
“Keytroller and I.D. Systems complement each other incredibly well,” said Keytroller president Terry Wickman, who will stay on as an I.D. Systems executive vice president and run Keytroller as an independent division. “Our product mix and technologies cover everything a forklift fleet manager could want, soup to nuts, and our distribution channels have minimal conflicts. We rarely compete head-to-head. Joining together is a win-win for our companies, our partners, and our end users—all of us will benefit from a broader choice of solutions and a larger, more capable service and support organization.”
In 2016, I.D. Systems recorded revenue of $36.8 million, while Keytroller generated $6.6 million in revenue and net income of $1.5 million. Keytroller has achieved average annual revenue growth of more than 25% per year over the past three years.
Unmatched Single Source of Industrial Truck Management Solutions
Keytroller has earned a reputation in the material handling industry as an innovative provider of forklift access control/monitoring systems, speed controllers, forklift scales, truck-mounted cameras, impact sensors, wireless hour meters, pedestrian safety systems, and other electronic devices. The company offers about 40 different products, providing good/better/best functionality and pricing.
By adding Keytroller’s mid-range and economy products to I.D. Systems’ market-leading Powerfleet® industrial truck management system, the combined company’s offerings form an unmatched single source of fleet management technology for industrial truck owners and operators.
The acquisition of Keytroller also gives I.D. Systems a new source of industrial truck usage data for its Powerfleet IQ® analytics database, enhancing the value of that tool for multi-site enterprises. Joining forces also opens new potential opportunities for the two companies to cross-sell to each other’s customers and consolidate and streamline product development.
Business Continuity and Growth
Because Keytroller has enjoyed profitable growth in recent years, there will be no radical changes to the way it conducts business. While I.D. Systems expects to benefit from some operational and cost synergies, Keytroller will run as an independent division led by the company’s founder, Terry Wickman.
“Acquiring Keytroller was a rare opportunity for I.D. Systems to grow inorganically in the industrial truck management business,” added Wolfe. “We expect to reap both immediate benefits—from a business already running profitably today—and long-term benefits, such as a more predictable, profitable revenue stream from a much more diverse customer base.”
“Together, we believe I.D. Systems and Keytroller are unquestionably the world’s number one provider of forklift management solutions,” concluded Wickman. “We are eager to show how easy and affordable it is to get exactly the right solution for industrial truck management—at the right price—for safer, smarter, more successful material handling operations.”
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.
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; 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, 2016. 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 Contacts
Ned Mavrommatis, CFO
ned@id-systems.com
201-996-9000

Liolios Group, Inc.
Matt Glover
IDSY@liolios.com
949-574-3860
I.D. Systems, Inc.

I.D. Systems to Acquire Keytroller, Strengthening Its Position in Industrial Truck Management Market and Overall Growth Outlook

Woodcliff Lake, NJ — July 11, 2017 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of mobile asset management technology and solutions for the Industrial Internet of Things, has entered into a definitive agreement to acquire substantially all of the assets of Keytroller, LLC, a manufacturer and marketer of a wide range of electronic products for managing forklifts, construction vehicles, and other industrial equipment.
The purchase price is $9.0 million at close, consisting of $7.0 million in cash and $2.0 million in I.D. Systems common stock, plus up to $3.0 million in earn-out consideration over two years, also in I.D. Systems common stock. The acquisition of Keytroller is expected to close before the end of July, 2017, upon satisfaction of customary closing conditions.
In 2016, Keytroller generated revenue of $6.6 million and adjusted EBITDA of $1.2 million. Beginning in the third quarter of 2017, Keytroller’s results will be included as part of I.D. Systems’ industrial truck management product line.
The two companies’ market positions and distribution channels are highly complementary. I.D. Systems sells its flagship Powerfleet® industrial truck management systems primarily to large global enterprises and through lift truck manufacturers (OEMs), while Keytroller markets most of its products through a large network of lift truck dealers to small and medium-size end users. Powerfleet® rarely competes head-to-head with Keytroller devices.
By combining Keytroller’s mid-range and economy products with Powerfleet®, I.D. Systems becomes an unmatched single source of fleet management technology for industrial truck owners and operators, which the company believes will help it compete more effectively and diversify its revenue sources. The acquisition of Keytroller also gives I.D. Systems a new source of industrial truck usage data for its Powerfleet IQ® analytics database, enhancing the value of that tool for multi-site enterprises.

Preliminary Second Quarter Fiscal 2017 Revenue

For the second quarter ended June 30, 2017, I.D. Systems expects to report revenue between $10.0 million and $10.5 million. The midpoint of this estimated revenue range represents approximately 28% sequential revenue growth and 15% year-over-year. The company is scheduled to release its complete second quarter 2017 financial results and host an investor conference call after the stock market closes on August 3, 2017. Conference call details will be announced at least a week prior to the call.

Management Commentary

“We are encouraged by the organic growth reflected in our preliminary second quarter revenue—and excited by our planned acquisition of Keytroller,” said I.D. Systems CEO Chris Wolfe. “Keytroller’s business complements our industrial truck management segment incredibly well, from product mix and market position to sales cycle and customer diversification. The acquisition should contribute immediately to I.D. Systems’ revenue and profitability, as well as position the company to achieve a more predictable, profitable revenue stream from a much more diverse customer base. We look forward to integrating Keytroller’s operations smoothly into our corporate family and leveraging the benefits of this acquisition as we continue to focus on future growth.”

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.

Top Global Auto Manufacturer Expands Deployment of I.D. Systems Industry-Leading Powerfleet Solution

Woodcliff Lake, NJ — June 15, 2017 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has received $2.4 million in follow-on orders from a leading global auto maker to expand its Powerfleet® Vehicle Management System at four of the company’s manufacturing facilities in both the U.S. and Mexico.
These new orders constitute only a portion of a planned global rollout of Powerfleet at the customer’s manufacturing facilities. The customer had selected I.D. Systems as its exclusive provider of industrial truck telemetry solutions in 2015 based on superior system performance, reporting and analytics capabilities. The latest awards follow the successful implementation of Powerfleet systems at four of the company’s U.S. facilities in late 2016.
“These follow-on orders reaffirm the effectiveness of our industry-leading Powerfleet technology in improving industrial fleet efficiency, particularly around bolstering security and safety as well as reducing costs,” said I.D. Systems CEO Chris Wolfe. “Our ability to integrate seamlessly with their industrial engineering group and implement key operational data into our analytics platform played a key role in the customer’s decision to expand the deployment of our solution. We look forward to our continuing work with this customer as we drive further improvements in our analytics and fleet telematics capabilities.”
About Powerfleet® Industrial Vehicle Management Systems (VMS)
Powerfleet® VMS helps enterprises improve workplace safety by establishing accountability for the use of forklifts and other industrial trucks and ensuring compliance with OSHA regulations. Powerfleet increases safety through: impact sensing to monitor severe impacts and reduce anonymous damage; access control to restrict vehicle access to only trained operators and eliminate unauthorized use of vehicles; on-board electronic safety checklists to ensure OSHA pre-shift checklist compliance and notify maintenance of critical vehicle issues. Powerfleet helps reduce fleet maintenance costs by identifying and reporting equipment problems electronically; scheduling maintenance per actual vehicle usage rather than by calendar or manual data entry; and helping determine the optimal economic time to replace equipment. Powerfleet also helps enterprises identify their safest and most productive operators and increase operational efficiency.
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 Introduces Vision Pro™ Next-Generation Fleet Management Software for Industrial Vehicles

Woodcliff Lake, NJ, April 3, 2017—I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise fleet management solutions for industrial trucks and material handling equipment, has launched its latest generation of user software, Vision Pro™. The new software platform is a complete re-design of I.D. Systems’ previous generation of user software, Vision®. The release of Vision Pro continues to strengthen I.D. Systems’ technology leadership position in the material handling industry, and provides enterprises with advanced capabilities to ensure they are running the safest, most secure, and lowest cost material handling operation.
Vision Pro takes material handling telematics to an entirely new level with an exception-based, intuitive and easy to navigate user interface with advanced technologies which allow for tighter integration with WMS, ERP and maintenance software packages. Combined with Powerfleet IQ®, the industry’s best-in-class analytics platform, this one-two combination improves the timeliness and quality of operational and strategic decision making.
The new software is available as a fully hosted, cloud-based Software as a Service (SaaS) platform offering a lower total cost of ownership, or as a locally installed server-based system behind a customer’s own firewall. Vision Pro provides online user access on any device – mobile phone, tablet, or desktop – enabling users to manage their fleets and stay connected to critical operational information anytime, both on- or off-premises. With a simplified user interface, intuitive navigation, and streamlined system functionality, Vision Pro provides fleet operators better visibility of assets and an enriched user experience.
Chris Wolfe, I.D. Systems CEO, commented: “This new software release is an exciting step forward for us and our customers, and is the culmination of applying our nineteen years of industry knowledge, user feedback, and engineering capabilities to deliver the most advanced and reliable fleet management software available. The excitement our beta customers have shown tells us that our customers will love the new user experience, and will find managing their fleet and data to be easier, and simply more enjoyable. With Vision Pro, managers can do what they do best and let Vision Pro inform them when events need handling.”
Vision Pro delivers new reporting capabilities through best-in-class 3rd party embedded tools including report search, content search, advanced sorting, filtering, and graphing. Integration with Google Maps™ provides accurate visualization of asset location inside the facility, enabling managers, operators, and maintenance personnel to find vehicles faster and improve operational efficiency.
Vision Pro utilizes data collected from the Powerfleet® Vehicle Management System (VMS), consisting of an on-board device installed on material handling equipment, and user software. The on-board device collects and wirelessly transmits vehicle information including data on safety, compliance, maintenance, and efficiency. Vision Pro software provides tactical level operational information for site managers, while Powerfleet IQ® Analytics software provides a more analytical and strategic level of information for enterprise managers looking to improve operations across sites.
Come see the next generation of fleet management software at ProMat 2017 in Chicago. Visit the I.D. Systems booth #S454 to receive a demo of Vision Pro™. Or, learn more at https://www.powerfleet.com/Powerfleet/
Click here to view our Vision Pro Screen Shots
About Powerfleet® Industrial Vehicle Management Systems (VMS)
Powerfleet® VMS helps enterprises improve workplace safety by establishing accountability for the use of forklifts and other industrial trucks and ensuring compliance with OSHA regulations. Powerfleet increases safety through: impact sensing to monitor severe impacts and reduce anonymous damage; access control to restrict vehicle access to only trained operators and eliminate unauthorized use of vehicles; on-board electronic safety checklists to enforce OSHA pre-shift checklist compliance and notify maintenance of critical vehicle issues. Powerfleet helps reduce fleet maintenance costs by identifying and 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. Powerfleet also helps enterprises identify their safest and most productive operators and increase operational efficiency.
About I.D. Systems
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems, Inc. is a leading global provider of fleet management solutions for enterprises in the manufacturing, distribution, retail, and transportation industries. The company’s solutions address the needs of organizations to monitor and analyze their assets to increase safety and security, improve efficiency and productivity, and reduce costs. I.D. Systems patented technologies secure, control, track, and manage high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo. For more information, please visit idsy2019.wpengine.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, 2016. 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 Releases 2nd Generation Analytics Software Platform – Powerfleet IQ® 2.0

Woodcliff Lake, N.J. — March 29, 2017 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise fleet management solutions for fleets of industrial trucks and material handling equipment, has released Powerfleet IQ® 2.0, the enhanced 2nd generation version of its Powerfleet IQ® Analytics software.
Since its commercial release in January 2016, Powerfleet IQ has been implemented at hundreds of Fortune 100 sites across dozens of customers representing manufacturing, distribution, warehousing, and aviation customers. The knowledge gained in these implementations combined with customer feedback, has been incorporated into Powerfleet IQ 2.0, bringing together a simpler and easier to use interface with improved visualizations to help customers make critical decisions to improve operational efficiency, damage avoidance, safety, and compliance. With streamlined report navigation and enhanced drill through capabilities, users can more readily turn insights into actionable opportunities and drive more informed decision making.
Powerfleet IQ provides managers with critical information at the site, regional, and enterprise levels, enabling easy identification of operational best practices and areas for improvement, and the ability to visualize key trends over time. Managers can perform site-by-site assessments, determine enterprise-wide benchmarks, and compare performance to peer industry standards.
Additionally, I.D. Systems is leveraging Powerfleet IQ to expand its consultative engineering and analytics services, providing custom consulting to identify opportunities and address specific challenges within customers’ operations in areas including productivity, fleet optimization, and impact analysis. I.D. Systems works with customers to develop customized programs that utilize VMS data that can be integrated and compared with 3rd party data such as ERP, WMS, Lease Management or Maintenance systems, to evaluate key operational performance and better manage their enterprise.
Powerfleet IQ utilizes data collected from the Powerfleet® Vehicle Management System (VMS), consisting of an on-board device installed on material handling equipment, and user software. The on-board device collects and wirelessly transmits vehicle information including data on safety, compliance, maintenance, and efficiency. The user software, known as Vision®, provides tactical level operational information for site managers, while Powerfleet IQ Analytics software provides a more analytical and strategic level of information for enterprise managers looking to improve operations across sites.
Dan Romary, Vice President of Data Analytics and Software at I.D. Systems, stated: “We are very pleased with the advancements we have made over the last year with Powerfleet IQ, implementing key enhancements that improve our customers’ experience. With Powerfleet IQ 2.0, our customers are better able to bridge the gap in information needed to improve safety and efficiency in their operations. With our model of continuous improvement, we look forward to further developing solutions that provide significant value to our customers.”
Please see the link at the bottom of the page to view Powerfleet IQ 2.0 dashboards.
About I.D. Systems, Inc.
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems, Inc. is a leading global provider of fleet management solutions for enterprises in the manufacturing, distribution, retail, and transportation industries. The company’s solutions address the needs of organizations to monitor and analyze their assets to increase safety and security, improve efficiency and productivity, and reduce costs. I.D. Systems patented technologies secure, control, track, and manage high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo. For more information, please visit idsy2019.wpengine.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, 2016. 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.
Click here to view our Powerfleet IQ Dashboards

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