I.D. Systems creates AI-powered ‘Lucy’ fleet assistant to manage trailers, cargo

This article was originally published at CCJ on October 29, 2018 by Aaron Huff

I.D. Systems was ready for a technology refresh when Chris Wolfe became chief executive 18 months ago.
Since 2010, the company has supported the Veriwise trailer tracking platform it acquired from Asset Intelligence, a former business unit of General Electric.

The LV-710 sensor from I.D. Systems has an integrated Freight Cam that takes pictures of the cargo and measures the percentage a trailer is loaded. The LV-710 sensor from I.D. Systems has an integrated Freight Cam that takes pictures of the cargo and measures the percentage a trailer is loaded.

At this stage in his career, Wolfe wanted new products that did more than track assets. In the early 1990s he developed the first asset tracking system for Roadway Express and Penske Logistics. He later joined Qualcomm’s Wireless Business Solutions group, which he left in 2005 as president.

“If I just came out with new trackers, I would be bored,” he says.

The transportation and logistics market was heavily focused on electronic driver logs and technology to improve the quality of life for drivers. Plenty of companies already served those needs.

“How do we optimize the rest of the supply chain?” he wondered.

Shippers are spending nearly $800 billion per year for the transportation and logistics of goods worth $14 trillion.

The market opportunity for transportation technology, he says, is “in the goods—the cargo.”

Shippers and carriers would both benefit from better information on the status of shipments and conditions of cargo. But he wanted something to make I.D. Systems really stand out.

An idea came while watching a science fiction movie, Lucy. The title character is played by actress Scarlett Johannsen who accidentally ingests a substance that unlocks 100 percent of her brain’s cerebral capacity. She gains superhuman physical and cognitive powers.

Computers and smartphones are very tactile instruments. They use two senses — touch and sight. What if I.D. Systems could get the other senses of transportation workers and managers involved in managing assets, shipments and cargo status?

“The brain can handle a lot more,” he thought.

The LV-300 tracking system integrates with wireless sensors in a trailer. The LV-300 tracking system integrates with wireless sensors in a trailer.

On Oct. 28 at the American Trucking Associations annual Management Conference and Exhibition (MCE) in Austin, Texas, I.D. Systems introduced a new telemetry and analytics product platform that includes an image-based cargo visibility detector and environmental sensors.

Integral to the platform launch is an interactive voice-user interface — an intelligent assistant named Lucy — that gives transportation workers and managers information to make real-time decisions without the need to manually run reports.

Telemetry portfolio

The I.D. Systems telemetry portfolio is called the LV Asset Tracking and Freight Visibility Series (LV Series).

The LV Series uses a common platform for wireless sensor integration and visual image confirmation to track the location and monitor the condition and status of the cargo. The LV Series can also monitor tire pressure, anti-lock braking system lights, and other elements of a trailer.

The three base asset tracking models (LV-100, LV-300 and LV-500) vary according to power management technology such as a long-life primary battery, rechargeable battery, or dual-power source. Each includes I.D. Systems’ drive-segment detection as well as time-based and sensor-event reporting.

The LV-500 device from I.D. Systems is a solar-powered option. The LV-500 device from I.D. Systems is a solar-powered option.

The LV-710 is a vision sensor that detects cargo and measures loaded levels using a wireless high-definition camera and image recognition processor. It also has a door sensor and cargo-area environmental sensor. It integrates with the family of LV asset tracking devices and a new Powerfleet Yard smart phone app.

The LV-710, LV-720 and LV-730 can include on-asset sensors as well as LV-740 pallet-level sensors that measure temperature, humidity and shock.
When utilized with LV-740 pallet sensors, the LV-710 can detect and report if and where pallets are loaded, as well as environmental alerts (e.g. temperature, etc.), to deliver complete cargo visibility.

Lucy, a Voice-User Interface

Lucy is an integrated voice-activated system that provides dynamic interaction with a fleet’s asset and cargo database. The system provides in-transit reporting, real-time status and analytics without manually running reports.

Lucy leverages voice-activation technology with the Bing search engine to provide users with up-to-the-minute traffic, weather and ETA predictions and updates along planned or existing routes.

The dialogue with Lucy mirrors natural language. The user asks questions and can zero in on the type of information they are looking for, explains Dan Romary, vice president of data analytics and business intelligence of I.D. Systems.

The voice-user interface can be customized based on market segment such as intermodal chassis, regional and private fleets. It can be customized by user role and by their shifts as well. If any problems carry over from one shift, those problems—such as a late load or a trailer with required maintenance—will be passed on to the next shift to manage.

The LV-100 tracking device has self-contained batteries and communicates with wireless trailer sensors. The LV-100 tracking device has self-contained batteries and communicates with wireless trailer sensors.

Lucy can be integrated into third-party systems such as transportation and warehouse management or tractor tracking systems.
During an online demo with CCJ, Romary asked Lucy a question:

“How many cargo alerts are there?” After specifying the alerts, Lucy asked, “Would you like me to contact the appropriate shift supervisor?”
Another possible question for Lucy is:

“Lucy, can you send me a picture of trailer 7654?” The system could trigger the LV-710 device in the trailer to take a photo of the cargo and transmit it instantly, he says.

Powerfleet Yard is a new handheld app that will be Lucy enabled. Future integration with third-party systems could put Lucy in the cab with a driver, or on a driver’s smartphone, he says. When a driver pulls up to a yard, Lucy could instruct the driver which trailer to hook up to and its status, Romary says.

I.D. Systems says the new LV Series product platform and Lucy will be available for field testing in the fourth quarter and commercially available in the first quarter of 2019.

View Original Post

I.D. Systems Introduces New Cargo-Tracking Product Line

This was originally published at TransportTopics on October 29, 2018 by Seth Clevenger

The I.D. Systems booth at MCE. (John Sommers II for Transport Topics) The I.D. Systems booth at MCE. (John Sommers II for Transport Topics)

 

AUSTIN, Texas — I.D. Systems has introduced a new line of trailer-tracking and cargo-monitoring products designed to give fleets more insights about their shipments and also demonstrated a voice-activated reporting interface to help them better utilize that data.

The technology vendor showcased this “intelligent logistics” platform for the first time in the exhibit hall at American Trucking Associations’ Management Conference & Exhibition, held here Oct. 27-31.

To reflect its new product lineup, the company said it now will go to market simply as I.D. Systems, dropping its Asset Intelligence and VeriWise brands.

I.D. Systems’ new suite of telematics devices, dubbed the LV Series, for “logistics visibility,” includes three trailer-tracking device models, the LV-100, LV-300 and LV-500, which offer varying approaches to power management. Each unit connects wirelessly with I.D. Systems’ other onboard cargo sensors to provide real-time event reporting.

One of those sensors, the LV-710, incorporates a high-definition camera and an image-recognition processor to capture digital images of the freight inside the trailer. With those images, fleets can determine not only whether the trailer is loaded or unloaded, but also its level of capacity.

The LV-710 includes an integrated accelerometer and GPS tracking, and detects cargo condition through temperature, humidity, pressure and light level sensors.

Beyond that, the device can communicate wirelessly with freight tags placed on the cargo itself. These LV-740 pallet sensors can detect if and when pallets are loaded.

In an interview with Transport Topics, I.D. Systems CEO Chris Wolfe described a “connected freight” philosophy that extends beyond traditional trailer tracking.

“It’s way beyond just tracking your chassis, container or dry van,” Wolfe said. “We’re going to let you literally see your freight, really process those images and let you inbound plan for that freight.”

The additional information about cargo status can help fleets prevent mistakes such as picking up a trailer that still is partially loaded and respond to problems such as a load that has shifted, he said. “What you’re going to do is stop a lot of problems before they start.”

 

An MCE attendee in the I.D. Systems booth. (John Sommers II for Transport Topics) An MCE attendee in the I.D. Systems booth. (John Sommers II for Transport Topics)

 

The imaging capabilities also will bring greater clarity to cargo claims, Wolfe said. The freight camera takes a photo of the freight when the trailer door closes or opens, as well as if there’s a shock in transit.

And understanding the cargo inside can help inbound logistics planners better schedule dock workers, which also can help get drivers back on the road sooner, reducing detention time.

The new LV telematics devices are entering field trials, with a broader launch targeted for the first quarter of next year, Wolfe said.

I.D. Systems also demonstrated Lucy, its interactive voice interface, here at MCE.

Much like Apple’s Siri or Amazon’s Alexa, Lucy responds to verbal commands to access and report key information.

For example, the user can ask the status of a specific shipment, ask how many dormant trailers are sitting at a given site or ask how many loaded dry vans will arrive at a location in the next three hours.

Lucy pulls the information from a fleet’s asset and cargo database and uses the Microsoft Bing search engine for weather and traffic information.

View Original Post

ID Systems’ New Trailer Tracking Telemetrics Offers Inside View

Originally Published on TrackingInfo.com on November 7, 2018 • by Deborah Lockridge

ID Systems' new camera-based LV-710 sensor is mounted right in the trailer or container door to give visibility inside the trailer -- even when the doors are closed and sealed. - Photo by Deborah Lockridge ID Systems’ new camera-based LV-710 sensor is mounted right in the trailer or container door to give visibility inside the trailer — even when the doors are closed and sealed. – Photo by Deborah Lockridge

Ever wish you could look inside a trailer without opening the door? ID Systems’ new camera-based sensor and asset-tracking suite can do just that.

ID Systems has unveiled a new line of sophisticated asset-tracking and telemetry products, featuring new ways to get visibility of the cargo inside the trailer or container. Plus it is offering an interactive voice-user interface for accessing analytics of the data those systems provide.

During the American Trucking Associations’ Management Conference and Exhibition in late October, ID Systems showcased the LV series cargo-tracking suite of products.

The LV Series combines trailer or container tracking telematics units with low-powered sensors, connected via Bluetooth communication. This way they can not only track the trailer or container and provide real-time updates, but also monitor the condition and status of the cargo, including temperature, humidity and shock. They can track not only location, but also loaded levels, tire pressure, antilock braking system lights, door opens, and other elements.

You can choose your telemetrics platform based on your power needs. - Photo by Deborah Lockridge You can choose your telemetrics platform based on your power needs. – Photo by Deborah Lockridge

The three asset tracking models (LV-100, LV-300 and LV-500) offer different power management technology, such as a long-life primary battery, rechargeable battery, or dual-power source. Solar-powered supercapacitors team up with long-lasting batteries, for instance, for the wireless LV-500.

Each offers both time-based and sensor-event reporting. They also incorporate wireless sensing of the LV-710, LV-720 and LV-730 on-asset sensors, as well as LV-740 pallet-level sensors.

The LV-710 is a patent-pending, wireless high-definition camera, image recognition processor, door sensor and cargo-area environmental sensor that integrates with the family of LV tracking devices as well as the new Powerfleet Yard smartphone app.

The LV-710 uses image processing and deep learning to interpret what it’s seeing, explained CEO Chris Wolfe in an interview at the show. It can let fleets know what type of freight is inside the trailer, how full the trailer is, whether there are locking bars, etc., which allows for inbound planning.

When used with LV-740 pallet sensors, the LV-710 can also detect and report if and where pallets are loaded, as well as environmental alerts (e.g. temperature, etc.), to deliver complete cargo visibility.

The pallet sensors even have listening capability, Wolfe said, which could play a part in battling human smuggling efforts.

The visual representation of Lucy's responses to plain-English questions illustrates how ID Systems' voice-response product gives users information without having to manually run reports. - Photo by Deborah Lockridge The visual representation of Lucy’s responses to plain-English questions illustrates how ID Systems’ voice-response product gives users information without having to manually run reports. – Photo by Deborah Lockridge

 

Lucy, an Interactive Voice-User Interface

Lucy is an integrated voice-activated system that allows a user to get information from the fleet’s asset and cargo database without having to manually pull reports, such as detailed in-transit reporting and real-time status and analytics. It also integrates with the Bing search engine to provide up-to-the-minute traffic, weather and other valuable updates along planned or existing routes. Lucy can work on a desktop computer or via an app on your phone.

For instance, ask Lucy for a shift status report, and you can get information on the number of assets at a location and which ones have alerts. Then it can tell you that the alerts are for issues such as temperature, shock, or cargo vibration.

View Original Post

I.D. Systems Expands Relationship with Avis Budget Group with a New 75,000 Unit Order for Wireless Vehicle Technology

 

  • I.D. Systems Receives a New Order for 75,000 Units from Avis Budget Group for Broad Deployment of its Wireless Fleet Management System
  • New Order Will Bring Total Units Deployed with Avis Budget Group to 125,000 Since 2018
  • New Contract Includes Additional Feature and Capability Development that will Enable Avis Budget Group to Extend its Industry-Leading App Functionality to a Larger Portion of its Fleet

WOODCLIFF LAKE, N.J., Dec. 06, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ: IDSY) and Avis Budget Group, Inc.(NASDAQ: CAR) have executed a new purchase agreement to deploy 75,000 additional units of I.D. Systems’ proprietary wireless rental fleet management systems in Avis Budget’s vehicle fleet.

I.D. Systems’ wireless in-vehicle management system permits two-way data communications between a vehicle and various car rental operating systems. Combined with Avis Budget’s other existing technologies, I.D. Systems’ rental fleet management systems enables Avis Budget to rent and check-in vehicles virtually, all on a mobile device. The system provides Avis Budget with unique insights into the mileage, fuel level, and condition of a vehicle the minute it is returned to an Avis location. These capabilities significantly streamline and automate the vehicle data collection and billing process.

The agreement provides Avis Budget a variation of the technology to test in Europe and enables the device to provide full Zipcar functionality. I.D. Systems expects to begin delivering the hardware in the second quarter of 2019.

“We appreciate Avis Budget Group choosing I.D. Systems as a preferred provider for this follow-on order of our unique connected car solution, equipping the highest number of connected vehicles in Avis Budget Group’s fleet,” said Chris Wolfe, Chief Executive Officer of I.D. Systems. “This continues our many years of working hand-in-hand with Avis Budget Group to develop, build and implement innovative technology that enables Avis Budget Group to achieve their connected fleet and business transformational goals.”

Gerard Insall, Chief Information Officer of Avis Budget Group, commented: “The Avis App combined with a totally connected fleet is the future of mobility.  With the success of our initial 50,000-unit deployment, we are pleased to expand our relationship with I.D. Systems to utilize I.D. Systems connected car solution on over one-third of our North American fleet. Our ‘connected cars’ allow us to significantly improve our customer’s rental experience by giving our customers more control and choice of their vehicle using their mobile device. We also improve their vehicle return experience by automating the check-in process. As a mobility services provider, connected car technology not only streamlines the rental experience for our customers but allows us to drive operational efficiencies.”

About I.D. Systems

Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Florida, Germany, and the United Kingdom, I.D. Systemsis 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, visit idsy2019.wpengine.com.

About Avis Budget Group

Avis Budget Group, Inc. is a leading global provider of vehicle rental services, both through its Avis and Budget brands, which have more than 11,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world’s leading car sharing network, with more than one million members. Avis Budget Group operates most of its car rental offices in North America, Europe and Australasia directly, and operates primarily through licensees in other parts of the world.  Avis Budget Group has approximately 31,000 employees and is headquartered in Parsippany, N.J. More information is available at www.avisbudgetgroup.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. Systemsmay 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, 2017. 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 Reports Third Quarter and Nine Month 2018 Results
Revenue Up 21% for the Quarter and Year-to-Date Revenues Surpass Total Revenue for 2017
WOODCLIFF LAKE, N.J., Nov. 08, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology, reported results for the third quarter ended September 30, 2018.
Management Commentary
“The third quarter and first nine months of 2018 marked another period of top-line growth, solid gross margins and cash generation for our company,” said I.D. Systems CEO, Chris Wolfe. “In addition to the 21% year-over-year growth for the quarter, our topline for the first nine months exceeded the total revenue we reported in 2017, putting us on track to realize meaningful double-digit growth in 2018. We also shipped the remaining Avis units from our first order while beginning development efforts on several critical programs that will be covered under our next statement of work with Avis.
“Our improving financial performance is due, in part, to our improving product quality and new product innovation as well as our successful integration of the Keytroller acquisition. We also started field trials of our new Logistics Visibility telemetry platforms, a new sensor family as well as FreightCAM for cargo visibility and our voice-integrated deep learning platform Lucy. These platforms were announced at the American Trucking Association in October and exceeded our expectations in generating prospect and customer excitement.”
Third Quarter 2018 Financial Results
Revenue increased 21% to $13.4 million from $11.1 million in same year-ago period. The increase was primarily due to higher Connected Vehicle Solutions and Industrial Truck Management revenue.
Recurring revenue increased 5% to $5.0 million from $4.7 million in the same period a year ago.

Gross profit increased 21% to $6.8 million (50.8% of total revenue) from $5.6 million (50.8% of total revenue) in the same year-ago period.

Selling, general and administrative expenses were $5.9 million, compared to $5.1 million in the same year-ago period. The increase was primarily due to higher sales and marketing expenses related to the company’s introduction of new Logistics Visibility Solutions products.

Research and development expenses were $1.7 million, compared to $1.1 million in the same year-ago quarter. The increase in research and development expenses was primarily due to reallocation of internal product development resources to cost of services in 2017 for the development program for Avis Budget Group.

Excluding stock-based compensation, depreciation and amortization, foreign currency translation losses, and acquisition-related expenses, non-GAAP net income totaled $165,000 or $0.01 per basic and diluted share (based on 17.3 million weighted average shares outstanding), compared to non-GAAP net income of $287,000 or $0.02 per basic and diluted share (based on 16.2 million weighted average shares outstanding) in the same year-ago quarter.

Net loss totaled $897,000 or $(0.05) per basic and diluted share (based on 17.3 million weighted average shares outstanding), compared to net loss of $586,000 or $(0.04) per basic and diluted share in the same year-ago quarter (based on 16.2 million weighted average shares outstanding).

At quarter-end, the company had $16.3 million in cash, cash equivalents and marketable securities, an improvement from $13.1 million at the end of the prior quarter.
Nine Month 2018 Financial Results
Revenue increased 40% to a record $41.6 million from $29.8 million in same year-ago period. The increase was primarily due to higher Connected Vehicle Solutions and Industrial Truck Management revenue.
Recurring revenue increased 2% to $14.5 million from $14.3 million in the same period a year ago.

Gross profit increased 28% to $19.7 million (47.3% of total revenue) from $15.3 million (51.4% of total revenue) in the same year-ago period. The increase in gross profit was due to higher total revenue in the 2018 period. The decrease in gross margin was primarily due to deliveries of Connected Vehicle Solutions hardware, which have lower upfront margins, but grow over time making for high lifecycle profitability over the contract term.

Selling, general and administrative expenses were $17.6 million, compared to $14.8 million in the same year-ago period. The increase was primarily due to the inclusion of expenses from Keytroller, which were absent in the first half of 2017 and higher sales and marketing expenses related to the company’s introduction of new Logistics Visibility Solutions products.

Research and development expenses were $5.0 million, compared to $3.5 million in the same year-ago period. The increase in research and development expenses was primarily due to reallocation of internal product development resources to cost of services in 2017 for the development program for Avis Budget Group.

Excluding stock-based compensation, depreciation and amortization, foreign currency translation losses, and acquisition-related expenses, non-GAAP net income totaled $354,000 or $0.02 per basic and diluted share (based on 17.1 million weighted average shares outstanding), compared to non-GAAP net loss of $556,000 or $(0.04) per basic and diluted share (based on 14.3 million weighted average shares outstanding) in the same year-ago period.

Net loss totaled $3.0 million or $(0.18) per basic and diluted share (based on 17.1 million weighted average shares outstanding), compared to net loss of $3.0 million or $(0.21) per basic and diluted share in the same year-ago period (based on 14.3 million weighted average shares outstanding).
Investor Conference Call
I.D. Systems management will discuss the results of the company’s operations and business outlook on a conference call today (Thursday, November 8, 2018) at 4:45 p.m. Eastern time (1:45 p.m. Pacific time).
CEO Chris Wolfe and CFO Ned Mavrommatis will host the call, followed by a question and answer session where sell-side analysts and major institutional shareholders can ask questions.
U.S. dial-in: (877) 307-1379

International dial-in: (443) 877-4066

Conference ID: 8284779
The conference call will be broadcast simultaneously and available for replay in the investor section of the company’s website at idsy2019.wpengine.com.

If you have any difficulty connecting with the conference call, please contact I.D. Systems’ investor relations team at (949) 574-3860. 
Non-GAAP Measures
To supplement its financial statements presented in accordance with Generally Accepted Accounting Principles (GAAP), I.D. Systems provides certain non-GAAP measures of financial performance. These non-GAAP measures include non-GAAP net income/loss and non-GAAP net income/loss per basic and diluted share. Reference to these non-GAAP measures should be considered in addition to results prepared under current accounting standards, but are not a substitute for, or superior to, GAAP results. These non-GAAP measures are provided to enhance investors’ overall understanding of I.D. Systems’ current financial performance. Specifically, I.D. Systems believes the non-GAAP measures provide useful information to both management and investors by excluding certain expenses, gains and losses that may not be indicative of its core operating results and business outlook. Because I.D. Systems’ method for calculating the non-GAAP measures may differ from other companies’ methods, the non-GAAP measures may not be comparable to similarly titled measures reported by other companies. Reconciliation of all non-GAAP measures included in this press release to the nearest GAAP measures can be found in the financial tables included in this press release.
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.
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, 2017. 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.
New I.D. Systems Product Line Transforms Logistics Visibility
Introducing “Intelligent Logistics,” an Advanced Visibility Solution
WOODCLIFF LAKE, N.J., Oct. 29, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Internet of Things technology, today announced the release of a new line of asset telemetry solutions, a suite of interoperable sensors, as well as an interactive voice-user interface for accessing the power of I.D. Systems’ analytics platform without the need to manually run reports. This launch includes a first-of-its-kind image-based cargo visibility detector. These robust technological platforms enhance I.D. Systems tracking, monitoring and reporting capabilities to provide freight transportation providers, shippers and supply chain stakeholders with powerful insights to make smarter, faster decisions for higher overall performance.
LV-Series, a Cargo-Tracking Solution Suite
LV-100 / LV-300 / LV-500 / LV-710 / LV-740
The I.D. Systems LV Asset Tracking and Freight Visibility Series address a critical gap in the supply chain by giving users real-time updates into their freight through imagery and environmental sensors. Driven by wireless sensor integration and visual image confirmation, the LV Series monitors the condition and status of the cargo including temperature, humidity and shock, and tracks the asset’s location, loaded levels, tire pressure, anti-lock braking system lights, and other elements.
The three asset tracking models (LV-100, LV-300 and LV-500) vary according to power management technology such as a long-life primary battery, rechargeable battery, or dual-power source. Each includes I.D. Systems’ field proven drive-segment detection and well as time-based and sensor-event reporting. They also incorporate wireless sensing of both LV-710, LV-720 and LV-730 on-asset sensors as well as LV-740 pallet-level sensors.
The LV-710 is a patent-pending, wireless high-definition camera, image recognition processor, door sensor and cargo-area environmental sensor that integrates with the family of LV primary asset tracking devices, and our new Powerfleet Yard smart phone app. When utilized with LV-740 pallet sensors, the LV-710 can also detect and report if and where pallets are loaded, as well as environmental alerts (e.g. temperature, etc.), to deliver complete cargo visibility.
Lucy, an Interactive Voice-User Interface
Lucy is an integrated voice-activated system that provides dynamic interaction with a fleet’s asset and cargo database. From providing detailed in-transit reporting to real-time status and analytics, Lucy quickly and easily unlocks actionable insights and opportunities without the time and hassle of manually running reports. In addition, Lucy leverages its voice-activation technology with the Bing search engine to provide users with up-to-the-minute traffic, weather and other valuable updates along planned or existing routes.
For more information on this new line of sight for assets and freight from I.D. Systems, please visit idsy2019.wpengine.com.
About I.D. System
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 and IoT 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.
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, 2017. 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 Introduces Powerfleet Essence, a New Industrial Truck Telematics Solution Aimed at Small and Medium Sized Manufacturing, Distribution and Retail Installations
Representing the first product launched under the Powerfleet division of I.D. Systems, Powerfleet Essence offers the perfect balance of features and cost to address forklift fleet access control, safety and electronic record keeping in even the smallest fleets
WOODCLIFF LAKE, N.J., Oct. 18, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology, has announced the launch of Powerfleet Essence, a new class of industrial truck telematics platforms aimed at small to medium sized fleets used in manufacturing, distribution, logistics and retail centers. Powerfleet Essence is being introduced at the National Safety Council Congress and Expo in Houston, Texas on October 22-24 and will be commercially available, in volume, in early November.
Powerfleet Essence offers an ideal blend of size, ease of installation, ease of use, management and value. Powerfleet Essence is particularly suited for installations previously hindered by cost, complexity, IT networking and integration requirements. The Powerfleet Essence consists of the OC53 operator console mounted on the industrial truck and the Powerfleet Control Center app downloaded to an iPad or iPhone. The system communicates using a Bluetooth direct connection, so it does not require complicated IT support or Wi-Fi networking. This same platform can also secure and track construction heavy equipment.
Physical installation of the OC53 hardware is simplified. Communication with the Powerfleet Control Center application works out-of-the-box, and industrial truck data is collected automatically while in range of any app-enabled Bluetooth device, then displayed and managed in the intuitive, “self-service” Powerfleet Control Center app. As an added bonus, Powerfleet Essence can be configured to support different languages to simplify operator comprehension, adoption and action. Initial support includes English, Spanish, French and German.
Powerfleet Essence ensures site managers in warehouse, manufacturing, distribution and retail environments at any scale can know that only certified operators are using their equipment, when they have completed required safety inspections, and how their equipment is operated to reap the savings of safer industrial truck operations. Peace of mind at an affordable price – that’s Powerfleet Essence.
“Powerfleet Essence marks a true leap forward to making telematics available for every fleet, regardless of size, budget or technical sophistication,” stated Mark Stanton, Vice President and General Manager of I.D. Systems’ Powerfleet division. “There are more than 10 million industrial trucks globally, and the vast majority are in mid-to-small fleets. As a solution designed for this underserved market, Powerfleet Essence hits the opportunity head on.”
“With Powerfleet Essence, we are excited to be launching the first of many leading telematics innovations under the new Powerfleet banner,” added Stanton. “With the addition of Powerfleet Essence to I.D. Systems’ offerings, we have the right price/performance telematics solutions for customers of any size and budget.”

For more information, visit: www.Powerfleetoc53.com
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 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 Ships Over 10,000 Connected Car Devices to Avis Budget Group
WOODCLIFF LAKE, N.J., April 03, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology, has shipped more than 10,000 units of its Unified Telematics Platform (UTP) to Avis Budget Group for installation on its rental fleet vehicles in the U.S. Avis has certified the UTP in 18 make/model combinations, and is already using the devices in over 50 locations across the country.
“We are very pleased that Avis has now certified the use of our UTP system on numerous auto make/model combinations in their fleet,” said Lisa Hardin, vice president of Connected Vehicle Solutions for I.D. Systems.  “Each combination requires mapping of unique vehicle signals, performing detailed fuel tank characterizations and then end-to-end platform testing and security validation with the total Avis solution.”
“Shipping our first 10,000 units is a significant milestone for I.D. Systems, as it proves our ability to rapidly certify new vehicles and scale production.” said Chris Wolfe, chief executive officer, I.D. Systems.  “We expect to ship the remaining 40,000 units ordered predominately in second quarter with the balance in the third, depending upon Avis make/model certification requests and vehicle delivery schedules.”
Avis Budget Group has transformed the car rental experience with the Avis Car Rental mobile app that interacts with connected cars. The app allows renters to manage their entire rental experience from a smartphone. Drivers can choose the exact car they want, change or upgrade a vehicle while at or near the lot with a simple swipe, view their rental agreement, lock and unlock the car and more.
For more information visit idsy2019.wpengine.com.
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.
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.
Avis Budget Group Drives Forward Connected Car Innovation with I.D. Systems Technology
WOODCLIFF LAKE, N.J., Feb. 12, 2018 (GLOBE NEWSWIRE) — I.D. Systems, Inc. (NASDAQ:IDSY), a leading provider of enterprise asset management technology, announced today that Avis Budget Group has begun installing its Unified Telematics Platform (UTP) on vehicles in the Avis Car Rental fleet in the United States. Avis Budget Group will install a total of 50,000 UTP units, which effectively convert these vehicles into connected cars.
The UTP device from I.D. Systems can be easily and rapidly installed in the Avis fleet by simply plugging it into the On-Board Diagnostics (OBD) port standard in all modern vehicles. I.D. Systems detects the electronic signature of the vehicle, configures the device to properly monitor and interact with the vehicle, and then provides operational data and pass-through controls back to enable the Avis mobile app.
“The integration of I.D. Systems’ UTP will accelerate our ability to meet our goal of a fully connected fleet by 2020,” said Arthur Orduña, executive vice president and chief innovation officer, Avis Budget Group. “Connected cars offer us unparalleled potential to dramatically improve the customer experience while also streamlining operations and reducing costs, which is why we’re taking aggressive steps to fully connect our fleet as quickly as possible.”
“I.D. Systems has been working with Avis Budget Group to provide new, innovative solutions to meet their needs both today and into the future,” said Chris Wolfe, CEO of I.D. Systems. “We are pleased to deploy all 50,000 UTP devices under this multi-year agreement.”
Avis Budget Group has transformed the car rental experience with the Avis Car Rental mobile app that interacts with connected cars. The app allows renters to manage their entire rental experience from their smartphone. They can choose the exact car they want, change or upgrade their vehicle while at or near the lot with a simple swipe, view their rental agreement, lock and unlock the car and more.
For an overview of the Avis Mobile App click: https://youtu.be/0BsPKTXHQsg.
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 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.
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