I.D. Systems Introduces Vision Pro™ Next-Generation Fleet Management Software for Industrial Vehicles

Woodcliff Lake, NJ, April 3, 2017I.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

Michael Foods, Inc. Chooses Powerfleet® VMS from I.D. Systems to Increase Material Handling Safety

Woodcliff Lake, N.J. — April 2, 2016 —I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has signed a corporate agreement with Michael Foods, a leading food processor and distributor to outfit its fleet of 150 industrial trucks with the Powerfleet® Vehicle Management System provided by I.D. Systems. The company’s decision followed an extensive evaluation of several VMS providers, ultimately choosing I.D. Systems’ Powerfleet based on its advanced capabilities and analytics software.
“We are delighted to bring Michael Foods into our family of industry-leading customers who have realized exceptional value from our Vehicle Management Systems,” stated Kenneth Ehrman, CEO of I.D. Systems. “We are looking forward to helping Michael Foods implement our solutions to increase employee safety, and better understand the productivity of their material handling operations through our Powerfleet IQ® Analytics platform.”
Kelly Solmonson, Director of Warehousing for Michael Foods recognizes that the vehicle management system will create a safer work environment for industrial truck operators and other employees who work near moving vehicles. “Ensuring the safety of our employees is our top priority, and Powerfleet VMS will be a critical tool to help us maintain a safe working environment and achieve our safety goals,” stated Solmonson. “We look forward to having the ability to make sure our employees are complying with our safety policies, and operating vehicles in a safe manner.”
Powerfleet improves workplace safety in several areas including restricting access to vehicles to only trained operators, vehicle inspection checklist compliance, impact detection, monitoring and reporting unsafe driving and safety violations. Powerfleet also automatically notifies maintenance personnel of vehicles in need of repair, and locks-out vehicles that are unsafe to drive until repairs have been completed.
Michael Foods also expects to be able to identify areas where performance and productivity can be improved using Powerfleet IQ®, the analytics software component of the Powerfleet system. “Having the data and tools available to properly evaluate and improve our processes will help our operations run more efficiently and smoothly,” said Solmonson.
Powerfleet IQ enables companies to track and monitor Key Performance Indicators on an ongoing basis, compare performance across sites and to industry averages. Powerfleet IQ also helps companies optimize fleet size, develop an accurate forecast of future asset needs, and analyze fleet and operator productivity.
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 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

I.D. Systems Signs Exclusive Agreement With Avis Budget Group To Deploy Wireless Vehicle Rental Technology

WOODCLIFF LAKE, N.J. – March 20, 2017 –  I.D. Systems, Inc. (NASDAQ:IDSY) and Avis Budget Group, Inc. (NASDAQ:CAR) have executed a purchase agreement for deployment of I.D. Systems’ proprietary wireless rental fleet management systems in Avis Budget’s vehicle rental 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 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 first phase of the new purchase agreement will incorporate I.D. Systems’ technology into 50,000 Avis Budget vehicles. As part of the agreement, I.D. Systems received an upfront payment, which it will allocate toward the development of additional system enhancements as well as ramping production with the goal of delivering more than 2,500 units per week starting in the fourth quarter of 2017. The exclusive agreement also provides Avis Budget an option to extend system deployment across its global fleet of vehicles.
“This new agreement builds on our long-standing and successful technology collaboration with Avis Budget,” said Chris Wolfe, Chief Executive Officer of I.D. Systems. “We believe our patented, next-generation solution will truly revolutionize the car rental industry, and with a global leader like Avis as our partner, we now have a unique opportunity to realize this vision. We look forward to working more closely with the Avis team to support the deployment of their first 50,000 in-vehicle wireless devices to be installed in Avis Budget rental vehicles starting in the fourth quarter.”
Gerard Insall, Chief Information Officer of Avis Budget Group, commented: “We believe Avis Now represents the future of car rental, and we’re excited to continue and expand on our partnership with I.D. Systems. Our ‘connected cars’ allow us to vastly improve our customer’s rental experience by giving our customers more virtual control and choice of their vehicle using their mobile phone. 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.
The agreement provides Avis Budget with a limited term of exclusivity for the use of I.D. Systems’ technology in the car and truck rental industry, with multiple options to mutually extend the exclusivity period in six-month increments under certain conditions.
About I.D. Systems
Headquartered in Woodcliff Lake, N.J., with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems, Inc. 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 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 Australia directly, and operates primarily through licensees in other parts of the world.  Avis Budget Group has approximately 30,000 employees and is headquartered in Parsippany, N.J. More information is available at www.avisbudgetgroup.com.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws.  Forward-looking statements include statements with respect to beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions and future performance.  All statements other than statements of historical fact are statements that could be forward-looking statements.  For example, Avis Budget Group’s option to implement a global system deployment is exercisable solely within its discretion, and no assurance can be given that Avis Budget Group actually will exercise this option. Forward-looking statements also include: statements regarding prospects for additional customers; market forecasts; projections of earnings, revenues, synergies, accretion or other financial information; and plans, strategies and objectives of management for future operations, including integration plans in connection with acquisitions.  Forward-looking statements are subject to known and unknown risks and uncertainties that may be beyond the control of I.D. Systems and Avis Budget Group and could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to:

  • the loss of I.D. Systems’ key customers or reduction in the purchase of its 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 of I.D. Systems to protect its intellectual property, the inability of I.D. Systems to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and the 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, 2015; and
  • Except to the extent required by applicable federal securities laws, neither I.D Systems, Inc. nor Avis Budget Group, Inc. undertakes any obligation to release publicly any revisions to any forward-looking statements, whether as a result of new information, future events or otherwise, or to report any events or the occurrence of any unanticipated events.
I.D. Systems Contacts:                  
Ned Mavrommatis, CFO                                                              
ned@id-systems.com                                                   
201-996-9000                                                                    
Investor Relations
Liolios Group, Inc.                                                           
Matt Glover                                                                      
IDSY@liolios.com                                                                                            
949-574-3860

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I.D. Systems Receives Additional Orders from Fortune 10® Global Industrial Manufacturer

Woodcliff Lake, N.J. — November 04, 2016 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has received additional orders from a division of a Fortune® 10 global industrial manufacturer for I.D. Systems’ Powerfleet® Vehicle Management System.  The new orders for a third additional site continue the customer’s rollout of VMS in facilities throughout North America. The customer finalized a corporate agreement with I.D. Systems in October 2016 that allows the company’s affiliates to purchase Powerfleet VMS for their facilities.
The new customer chose Powerfleet VMS as it seeks to improve safety, compliance, and accountability for its industrial truck fleet and material handling operations. The company also expects to see improvements in fleet utilization and productivity, as well as cost savings from more efficient operations.
“We are pleased to have won this significant opportunity with another industry leader, further proving the value Powerfleet VMS provides to our global customer base,” stated Kenneth Ehrman, CEO of I.D. Systems.  “With employee safety as a top priority for many organizations, including for this new customer, our VMS delivers a safer workplace by controlling access to vehicles, providing in-depth insight into operator behavior, monitoring and identifying safety issues, and helping companies establish best practices in their facilities.”
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, Inc.
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of patented technologies for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo.  The company’s solutions 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.
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, 2015. 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 Receives Follow-On Orders from North America Auto Manufacturer

Woodcliff Lake, N.J. — October 27, 2016 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has received additional orders totaling $500,000 for its Powerfleet® Vehicle Management System from a leading global auto manufacturer.  The new systems will be installed in one of the company’s new facilities in the U.S.
The orders continue the planned rollout of Powerfleet in the customer’s manufacturing facilities worldwide.  In 2015, the company selected I.D. Systems as its sole provider of industrial truck telemetry solutions based on superior system performance, reporting and analytics capabilities.
I.D. Systems Chairman and CEO Kenneth Ehrman stated: “We are very encouraged that our performance has surpassed this customer’s expectations, resulting in these additional orders and continued planned rollout of Powerfleet VMS.  We look forward to supporting further implementations in the coming months.”
About Powerfleet® Industrial Vehicle Management Systems (VMS)
I.D. Systems patented Powerfleet® Wireless Industrial 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, Inc.
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless solutions for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo.  The company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, visit 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; market forecasts; potential barriers to competition; projections of earnings, revenues, synergies, accretion or other financial information; expectations for growth of the business; and plans, strategies and objectives of management for future operations.  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, 2015. These risks could cause actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, I.D. Systems.  I.D. Systems assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

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I.D. Systems Introduces FleetView™ Next-Generation Fleet Management Software

Woodcliff Lake, N.J. — September 15, 2016 — The Asset Intelligence® subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, announces the release of its next generation FleetView™ transportation fleet management interface for fleets of dry van trailers, intermodal containers, chassis, and flatbed trailers.
Providing online user access to the VeriWise fleet management platform, FleetView represents a major step forward in fleet management software, giving users better visibility of their assets while streamlining system functionality, resulting in an improved and enriched user experience.  With a modernized and simplified design, the FleetView user interface is intuitive and easy to learn, and places emphasis on visual navigation to make routine fleet management tasks and activities more efficient, and provide quicker access to critical information.
FleetView provides customizable real-time fleet status and advanced drill-down reporting capabilities, delivering critical information including when assets are moving, when they are loaded or unloaded, when assets enter or exit geofenced landmarks, when they are dormant and for how long.  FleetView is designed to help fleet managers, dispatchers, safety managers, and maintenance personnel by providing up to the minute information on the status of their fleets, and help operations teams coordinate activities as they are taking place.
The new core Visibility module within the FleetView interface provides a map-based visualization of information, allowing users to quickly see and assess the data they need to manage fleet operations.  The Visibility module acts as a central information hub through which most decisions and actions can be performed, simplifying the user experience.  Within the module, users can run reports quickly with geographic and status filters combined with map and tabular controls to provide prioritized information on asset activity, history, and landmarks displayed for the current map view.
As a fully hosted, cloud-based solution, FleetView requires no additional hardware or software to deploy, and can be used with any modern web browser.
“With the release of our new FleetView software, our customers now have access to the industry’s most advanced and innovative fleet management platform,” said Ken Ehrman, CEO of I.D. Systems.  “FleetView is an essential tool for transportation companies needing to improve operational efficiency, reduce cycle time, increase asset utilization, and improve profitability.  The customer’s experience was at the forefront of our development of FleetView, and we believe we have succeeded in delivering a solution that customers will love to use and is vital to their everyday operations.”
About VeriWise® Transportation Asset Management Solutions
VeriWise asset tracking systems combine sensor, wireless, and web technologies to provide real-time visibility and control of trailers and their cargo.  The systems automatically identify, analyze, and respond to critical transportation issues to improve the efficiency and security of logistics operations.
The VeriWise Intermodal Container management system helps increase asset utilization and reduce transit cycle times. The system enables visibility and control of containers from the seaport to the rail yard and ultimately to the final destination, marking loading and unloading events, which helps increase shipments and revenue per container.
The VeriWise Chassis tracking system provides visibility to chassis location and loaded/unloaded status. The system also captures gate times/locations and container mount times/locations to start and stop the billing clock, resulting in high data reliability and more accurate billing.
VeriWise Dry Van is an advanced trailer monitoring system with patented full-length cargo detection sensors.  The system reports reliable, uninterrupted trailer location and loaded/ unloaded status—even if the trailer is disconnected from tractor power for an extended period—designed for faster trailer turns, increased asset utilization, improved cargo security, and optimal fleet efficiency.
VeriWise Track & Trace is a low-cost, easy-to-deploy, asset tracking system that provides real-time data to improve the efficiency and security of trailer and container fleets.  It is designed for quick, easy, flexible installation on a wide range of cargo-carrying assets, with patented power management technology to provide exceptionally long battery life and years of maintenance-free operation.
About I.D. Systems, Inc. and Asset Intelligence
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless solutions for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo.  The company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, visit idsy2019.wpengine.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.
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, 2015. 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.

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I.D. Systems Secures New Orders from Leading Global Intermodal Shipping Company for VeriWise® Intermodal Container Systems

Woodcliff Lake, N.J. — September 14, 2016 —  The Asset Intelligence subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has secured a new order from a global intermodal shipping company for 3,500 VeriWise® Container tracking systems to be deployed on its fleet of newly purchased containers.  The order follows a previous order placed in Q1 2016 from the customer for an initial 1,500 VeriWise Container tracking systems.
The customer, an industry leader in intermodal container shipping, chose Asset Intelligence to provide an advanced tracking solution for its assets to ensure the most efficient utilization of its new containers, as well as deliver the highest level of service to its customers.  With greater visibility into the status and location of its assets, the customer is able to provide up to date information to its customers on the status of their shipments.
Additionally, the VeriWise Container system provides critical insight into container load status and shipment cycle times, information required to enable improvements in efficiency and asset utilization.  Through the VeriWise IQ® Analytics platform, the company is able to monitor key performance indicators, and gain insight into historical operational performance.
Ken Ehrman, CEO of I.D. Systems, said, “These new orders from one of the largest intermodal shipping companies in the industry encourages us to continue delivering on our promise to our customers to provide the best and most reliable fleet management technology in the transportation industry.  We are very pleased that our customer is seeing the benefits from our intermodal container management solutions, and are eager to continue proving the value our solutions deliver.”
About VeriWise® Container Management Solutions
The VeriWise Intermodal Container tracking solution helps carriers maximize container utilization and efficiency, and minimize idle time by providing:

  • Real-time location status reporting and notifications;
  • Real-time data on load status throughout the shipment cycle using VeriWise patented ultrasonic cargo sensing and light sensing technologies. VeriWise Container is the only integrated solution that provides full 53’ length cargo load status and door status without the need for wired sensors;
  • Improved shipment cycle times by an average of 72 hours per container per month, and increased shipment volume and revenue by 10%, without increasing fleet size.

About I.D. Systems, Inc. and Asset Intelligence
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless solutions for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo.  The company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, visit idsy2019.wpengine.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.

I.D. Systems Signs New Intermodal Chassis Customer

Woodcliff Lake, N.J. — September 13, 2016 — The Asset Intelligence® subsidiary of I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, announces a new customer relationship for deploying its VeriWise® Chassis tracking solution.
American Intermodal Management, based in Scottsdale, AZ, is partnering with Asset Intelligence to deploy its VeriWise chassis fleet management solution on its fleet of new chassis. The chassis fleet operator chose the Asset Intelligence solution after an evaluation of available asset-tracking systems in the market.
American Intermodal Management sees a gap in the marketplace related to the quality and availability of equipment and service, and views chassis tracking technology as an enabler for providing a higher level of service to its customers.  With increased asset visibility, reliable operational data, and accurate reporting information provided by the VeriWise Chassis tracking solution, American Intermodal is able to improve the efficiency, productivity, and availability of its assets.
Nathaniel (Than) Seeds, CEO of American Intermodal Management, stated: “AIM’s business model is centered around providing exceptional service to our customers. The VeriWise Chassis solution, featuring AIM-specific intelligence enhancements, are an important part of our service delivery capabilities. We want to be on the forefront of technology in the intermodal shipping industry. AIM chassis with VeriWise enables real-time visibility to bring new efficiencies and operational insights to our customers.”
Matt Harris, Sr. Vice President of Sales at Asset Intelligence, said: “We are very happy to provide American Intermodal Management with our industry-leading technologies that will help them deliver the highest level of service for their customers.”  Mr. Harris added, “AIM is combining the newest equipment with advanced tracking technology to help its fleet operate with optimal efficiency, and ensure its chassis are available exactly when and where customers need them.  We are pleased that our technology will help them accomplish these goals.”
About VERIWISE® Chassis Solutions
VeriWise® Chassis is a complete chassis fleet management system designed to help chassis providers improve operations through:

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

About I.D. Systems, Inc. and Asset Intelligence
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless solutions for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo.  The company’s patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, visit idsy2019.wpengine.com.
Asset Intelligence, an I.D. Systems subsidiary based in Plano, Texas, is a leading provider of fleet management solutions that improve utilization, productivity, and profitability of remote transportation assets including trailers, intermodal containers and chassis for carriers, shippers, manufacturers, and retailers.
About American Intermodal Management
Headquartered in Scottsdale, Arizona, American Intermodal Management (AIM) was formed in 2016 in response to strong industry demand for alternatives in chassis provisioning and intermodal asset management across the U.S. The AIM business model enhances supply chain management using innovative technologies to deliver a superior customer experience.