I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a series of purchase orders from a key channel partner with an aggregate value in excess of $850,000. The orders will enable the partner to implement I.D. Systems' PowerFleet® wireless industrial Vehicle Management System (VMS) for two end users deploying the system for the first time and four end users expanding their existing PowerFleet deployments.
The new end users include a leading international provider of third-party logistics (3PL) services and a U.S. food service distributor. The end users expanding their PowerFleet systems include a global automotive industry supplier, a Fortune 500 U.S. retail chain, a leading U.S. provider of medical products and services, and an international manufacturer of heavy equipment.
"These orders reflect the continuing rapid growth of the VMS market for managing industrial trucks, and the important role of our strategic channel partners in driving that growth," said Kenneth Ehrman, I.D. Systems' chairman and CEO. "The high value of VMS in manufacturing and distribution operations is evident through both the addition of new end users and the expansion of our wireless solutions at end users who have already experienced the benefits of our VMS first hand."
I.D. Systems holds more than 75 patents related to its wireless solutions and has deployed VMS systems in more than 20 countries around the world.
About Vehicle Management Systems
Vehicle Management Systems (VMS) help improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and sensing vehicle impacts. A wireless VMS also helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, scheduling maintenance according to actual usage rather than by calendar time, and helping determine the optimal economic time to replace equipment. In addition, a wireless VMS helps improve supply chain productivity by establishing accountability for the use of equipment, ensuring equipment is in the proper place at the right time, streamlining material handling work flow, and providing unique metrics on equipment utilization.
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 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. PowerFleet® is a registered trademark of I.D. Systems. For more information, visit www.id-systems.com.