I.D. Systems Appoints Former Qualcomm Division President Chris Wolfe as New Chief Product Officer

Woodcliff Lake, NJ — July 29, 2016 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless solutions for the Industrial Internet of Things, has appointed industry veteran Chris Wolfe to the new position of chief product officer, effective August 4, 2016. Wolfe brings more than 20 years of experience in building, implementing, and selling paradigm-changing technology solutions.
Wolfe began his career at several leading transportation companies, including Roadway Express and Leaseway Transportation. He then served in various leadership, management, and product implementation roles at Qualcomm (NASDAQ: QCOM), a world leader in 3G, 4G and next-generation wireless technologies. In his most recent role at Qualcomm, Wolfe served as president of the Wireless Business Solutions division, where he oversaw and helped successfully launch the company’s TrailerTRACS product, Qualcomm’s first major wireless product launch since the roll-out of its flagship product, OmniTRACS.
Within one year, Wolfe helped TrailerTRACS become the number one trailer-tracking system in the market, with several multi-million dollar contracts from some of the biggest users and purveyors of truckload, intermodal, and logistics services, including Schneider National and Swift Transportation. During his tenure as president, Qualcomm’s Wireless Business Solutions division experienced 63% increase in revenues from $270 million to $440 million.
Wolfe also worked as an independent strategy consultant for I.D. Systems, where he provided numerous product quality assessments, as well as contributions to key engineering projects. In his position as chief product officer, he will manage the product and engineering teams, and will report directly to the company’s COO Norm Ellis. Wolfe will be responsible for all product-related initiatives, including product development, assessment, and management. The company plans to reapportion certain costs from other departments to provide for Wolfe’s compensation.
“After a successful six months working with Chris to ensure we delivered the highest-quality products, we realized the important value he brought to our organization, and knew that he would make a great addition to our executive team,” said I.D. Systems Chairman and CEO Kenneth Ehrman. “Chris brings a deep understanding of the industry and what it takes to make a great product and grow revenue, and we will continue to look to him to ensure that we not only deliver the most scalable and high-quality solutions of today, but also for the future. With his appointment, we now have arguably the most experienced management team in the rapidly growing industrial Internet of Things space.”
Wolfe added: “Working with I.D. Systems over the last six months gave me an in-depth understanding of the amount of effort and work that goes into making a best-in-class product that meets all of the expectations of the company’s Fortune 100 customers. Now, as chief product officer, my priorities are to ensure our product line-up and roadmap remain best-in-class and ensure the successful delivery and implementation of our technology solutions to take the company to the next level. My extensive industry experience combined with I.D. Systems’ capabilities and market position, ideally positions us to capitalize on the global industrial Internet of Things revolution.”
Wolfe received degrees in business, computer technology and education from the University of Akron. In addition, he completed an executive management course with Stanford Executive Institute and successfully completed preliminary MBA finance and accounting courses at Cleveland State University.
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 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.

I.D. Systems Receives New Orders and Maintenance Agreement from Leading Global CPG Manufacturer

Woodcliff Lake, N.J. — May 23, 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 new orders from a leading global consumer goods company continuing a global rollout of the I.D. Systems Powerfleet® Industrial Vehicle Management System (VMS).  The company has purchased forty-five units for a new distribution center in North America.  In addition, the company has reached a global maintenance agreement expected to cover up to 2,300 industrial trucks at more than thirty sites worldwide with initial two-year terms.
Safety is a key motivation for the company’s continued adoption of I.D. Systems’ VMS, with a corporate standard to implement Powerfleet across the enterprise’s distribution centers in North and South America.
I.D. Systems COO Norman Ellis stated: “We are very happy to continue providing exceptional service to our customer, and look forward to supporting their further adoption of our leading technologies to improve safety in their distribution centers.”
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.

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I.D. Systems Receives New Orders for European Operations of Global Automotive Manufacturer

Woodcliff Lake, N.J. — May 19, 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 new orders totaling approximately $440,000 from a leading global auto manufacturer.  The company will install I.D. Systems’ Powerfleet® Vehicle Management System (VMS) on newly purchased industrial trucks in three manufacturing facilities in Europe.  The orders are comprised of VAC4 units – Powerfleet’s next generation on-vehicle device.
“We are delighted that one of our largest customers continues to gain value from our VMS,” said I.D. Systems Chairman and CEO Kenneth Ehrman. “As with many of our customers, safety remains a key driver of VMS adoption for this auto manufacturer, as they seek to ensure the safety of their employees on the plant floor. We are happy that the safety features of Powerfleet are proving beneficial for their operation.”
“Additionally, we are continuing to gain traction with sales of our VAC4 device, as evidenced by these orders.  The quality and reliability of VAC4, as well as technological advancements over the previous generation hardware, are resulting in improved VMS operations for our customers.  We are encouraged with the progress we continue to make transitioning to our next generation hardware.”
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 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.
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I.D. Systems Acquires New Intermodal Chassis Customer

Woodcliff Lake, N.J. — April 7, 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 acquisition of a new customer deploying its VERIWISE® Chassis tracking solution.
The North American Chassis Pool Cooperative, known as NACPC, is partnering with Asset Intelligence to deploy its VERIWISE® Chassis fleet management solution on 270 chassis in NACPC’s fleet. NACPC President Dave Manning strongly believes this new technology will provide substantial business value.
“Having the ability to track our chassis will allow us to leverage the multitude of information we receive from continual asset tracking,” said Manning. “We envision the future of chassis logistics as heavily relying on this tracking information instead of solely depending on gate activity. As an organization that is dedicated to keeping our assets in a closed loop, this tracking will assist us in this endeavor by helping us quickly locate a chassis should they slip out of the closed loop.”
The VERIWISE® Chassis fleet management solution from Asset Intelligence enables chassis fleet operators to:

  • Improve fleet utilization, including more rapid redeployment of dormant chassis, resulting in increased revenue;
  • Improve cargo turnaround times, from dispatch and pickup to delivery;
  • Improve billing accuracy with reliable data that shows when assets move and when the billing clock starts and stops
  • Decrease time and fuel costs spent searching for chassis by eliminating manual yard checks and enabling the nearest chassis to be utilized;
  • Reduce chassis maintenance costs by performing preventive maintenance based on actual mileage rather than calendar schedules;
  • Improve verification of intermodal container returns.

Matt Harris, Sr. Vice President of Sales for Asset Intelligence, stated: “We are very pleased to have the opportunity to partner with NACPC, a leader in chassis pool management. Our solutions will provide NACPC with critical visibility and fleet status, and we believe will ultimately help them maximize the efficiency and productivity of their chassis pool.”
Mr. Harris added that the ability to track chassis with accurate, real-time information can provide NACPC with an operational advantage. “Our solution gives NACPC visibility into the location and status of their assets, allowing leased chassis to be kept in the proper lanes for their customers. VERIWISE Chassis also provides valuable data and insight to increase asset utilization and ensure chassis fleets are sized appropriately to meet customer demand. Additionally, tracking improves billing accuracy, giving chassis pool operators the hard data needed to resolve billing disputes, a common industry challenge. All of these benefits give NACPC an advantage in serving their customers.”
The chassis pool industry is poised to see growth in the use of tracking technology in coming years. Traditionally, tracking has been primarily used by truckload carriers for their dry van fleets; however, the industry is now seeing early adoption on chassis fleets. “NACPC is certainly well ahead of the industry with this trend, and will be able to have a leg up on their competition by realizing the benefits of tracking. We’re thrilled to partner with an innovative leader in the industry, and continue to prove the value chassis tracking provides to pool operators.”
About NACPC
The North American Chassis Pool Cooperative, or NACPC, was founded in 2012 with the goal of providing a modern fleet of chassis to users with at cost pricing. The cooperative is committed to supporting the U.S. intermodal container network with an efficient chassis inventory. Use of NACPC chassis is open to all qualified motor carriers. Contributory “gray pools” allow users to draw any chassis from the pool regardless of ownership. The contributory pool model thus eliminates duplicative costs and maximizes the use of limited space at port and or inland intermodal locations by obviating the need for a contributor to have its own chassis storage facility. It also ensures an adequate supply of chassis for all users. The pool managers are responsible for chassis logistics, inventory supply, maintenance and repair and the repositioning of the chassis but usage arrangements are determined between the chassis contributor and its user. Contributory gray pools foster competition by allowing motor carrier users to select from more than one chassis provider. Currently, NACPC operates more than 13,000 chassis in four CCM managed pools; MCCP, COCP, GCCP & SACP. For more information, please visit www.NACPC.org.
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 Receives Follow-On Orders from North American Auto Manufacturer

Woodcliff Lake, N.J. — March 24, 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 $750,000 from a leading global auto manufacturer for I.D. Systems’ Powerfleet® Industrial Vehicle Management System (VMS).  The company selected I.D. Systems as its telematics vendor of choice in 2015 after an extensive evaluation of industrial vehicle telematics solutions.  The orders are the start of a planned rollout of the Powerfleet system at the customer’s manufacturing facilities worldwide.
I.D. Systems Chairman and CEO Kenneth Ehrman stated: “This global auto manufacturer has recognized the value that Powerfleet provides through productivity enhancements and creating a safer working environment for its employees.  Powerfleet has proven its ability to reduce vehicle impacts, and has provided valuable vehicle usage data that helps management make critical decisions to improve their material handling operations.  We are very pleased that our customer is seeing significant benefits from our VMS, and they are continuing to implement our VMS across their enterprise.”
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 Wins $1.4 Million Contract from New Intermodal Container Customer

Woodcliff Lake, N.J. — March 10, 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 acquisition of a new customer deploying its VERIWISE® Intermodal Container tracking solution.  The customer, one of North America’s largest providers of intermodal transportation services, selected the VERIWISE solution following extensive evaluation and competitive analysis, citing the VERIWISE IQ™ Analytics solution as well as the system’s fully integrated and rugged hardware design as the primary factors in the selection. The initial order is valued at $1.4 million with a 5 year service term, representing the beginning of a long-term relationship.
Matt Harris, Asset Intelligence Sr. Vice President of Sales, stated: “This is a big win for Asset Intelligence and I.D. Systems, and continues to validate the value that our intermodal container solution delivers to our customers.  Building on our other recent wins in this market, we couldn’t be happier that this very large new customer selected our solution after their evaluation and due diligence of other competitive products.
“We believe VERIWISE is the best offering in the intermodal container market, and our growing customer list of industry leaders is further validation of our technology leadership,” continued Harris.
The new customer chose the VERIWISE solution based on the system’s superior hardware design which includes low-profile and secure mounting inside the corrugation of containers, protecting the device from damage.  In addition, both load and light sensors are fully integrated and do not require any cabling inside the container.  The customer also preferred the VERIWISE IQ™ Analytics platform which drives additional value by providing comprehensive fleet visibility of key performance indicators.
About VERIWISE® Intermodal Container Solutions
The VERIWISE Intermodal Container tracking solution helps carriers maximize container fleet utilization and minimize idle time by providing visibility of loading/unloading events.  Using ultrasonic cargo sensing and patented light sensing technologies, the system generates real-time data on load status throughout the shipment cycle, and is the only integrated solution that provides load and door status without the need for wired sensors.  The system can reduce shipment cycle times by an average of 72 hours per container per month, and increase shipment volume and revenue by 10%, without increasing fleet size.
VERIWISE IQ™ Analytics is a robust intelligence platform that provides comprehensive visibility of transportation asset fleets including intermodal containers, chassis, and dry vans.  With the insight enabled by VERIWISE IQ, businesses can identify opportunities to optimize fleet operations and align their fleet with their business objectives.  By visualizing and understanding critical data, carriers can transform their business by improving the speed and quality of decisions, and shed light on the outcomes of those decisions.
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.

Leading Freight Carrier Expands Implementation of I.D. Systems VeriWise® Intermodal Container Solution

Woodcliff Lake, N.J. — February 26, 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 one of North America’s largest truckload carriers for the VeriWise® Intermodal Container tracking system.  The carrier purchased 500 new units, adding to a previous large-scale purchase in 2014, and extended the service contracts from previous purchases by 3 years.  Together, the new purchases and service extension contracts are valued at $1.2 million.
The VeriWise® Intermodal Container tracking solution helps carriers maximize container fleet utilization and minimize idle time by providing visibility of loading/unloading events.  Using ultrasonic cargo sensing and patented light sensing technologies, the system generates real-time data on load status throughout the shipment cycle, and is the only integrated solution that provides load and door status without the need for wired sensors.  The system can reduce shipment cycle times by an average of 72 hours per container per month, and increase shipment volume and revenue by 10%, without increasing fleet size.
I.D. Systems Chairman and CEO Kenneth Ehrman stated: “We are delighted that our VeriWise® Intermodal Container solution is delivering the value we expected to see for this customer.  With the real time visibility provided by VeriWise®, intermodal carriers can improve container shipping by enabling quicker asset turns, minimizing idle time, and reducing chassis rentals.  These benefits have a clear and direct impact on increasing revenue per container and boosting bottom line results.”
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.

I.D. Systems Receives Additional Orders from Large Automotive Manufacturer

Woodcliff Lake, N.J. — February 17, 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 a series of purchase orders totaling $650,000 from a leading global auto manufacturing company.  The manufacturer will outfit newly purchased industrial vehicles with I.D. Systems’ Powerfleet® Vehicle Management System in manufacturing facilities throughout North America.
“Powerfleet VMS is a corporate standard for this key customer, demonstrating our success at delivering significant value for one of the world’s largest manufacturers.” stated I.D. Systems Chairman and CEO Kenneth Ehrman. “Our customer has realized substantial improvements in material handling safety with Powerfleet, as well as cost reduction and efficiencies from key functionality including advanced battery management. We look forward to continuing our strong track record with this customer and providing best-in-class solutions to help keep their material handling operations safe and efficient.”
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.

I.D. Systems Secures VMS Warranty Contract Renewal with Global Retail Customer

Woodcliff Lake, N.J. — February 10, 2016 — 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 one-year warranty renewal contract with a leading global retail customer.  The contract, in excess of $850,000, will extend the warranty on both hardware and software for the customer’s Vehicle Management Systems deployed in their regional distribution centers worldwide.
Kenneth Ehrman, chairman and CEO of I.D. Systems, stated: “This key customer and partner of I.D. Systems for more than 10 years has harnessed our VMS technology as a best practice for improving its fleet safety and compliance, reducing material handling costs and increasing supply chain productivity.  We are very pleased to continue providing this customer with extended warranty coverage and the highest level of customer service and support to ensure our VMS provides the value they have come to rely on for the year ahead.”
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.

I.D. Systems Receives Purchase Orders from Leading CPG Company Continuing Adoption of VMS

Woodcliff Lake, N.J. — February 8, 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 a series of additional purchase orders totaling $240,000 from a leading global consumer goods company continuing a global rollout of the I.D. Systems Powerfleet® Industrial Vehicle Management System (VMS).
I.D. Systems Chairman and CEO Kenneth Ehrman stated: “These orders from one of our largest customers demonstrates our progress in our key account focus and expanding customer adoption of I.D. Systems’ Vehicle Management Systems.  Since 2009, we have worked closely with them to establish our technology as the leading standard across all of their distribution centers in North and South America. Improving material handling safety is a key focus for this customer, and I.D. Systems is very encouraged by our ability to meet the demands and requirements for increasing workplace safety for our customer’s employees.”
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.

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