I.D. SYSTEMS RECEIVES FOLLOW-ON CONTRACT FROM NESTLÉ FOR WIRELESS INDUSTRIAL VEHICLE MANAGEMENT TECHNOLOGY

I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has executed a contract with the U.S. division of Nestlé, one of the world’s largest food producers, to further expand deployment of I.D. Systems’ PowerFleet™ wireless Vehicle Management System (VMS) across Nestlé’s North American operations. The new contract encompasses hardware, software and a service term of five years for more than 700 vehicles across more than 20 facilities. Following implementation, I.D. Systems will have deployed PowerFleet on a cumulative total of more than 2,000 vehicles across more than 60 sites for Nestlé. "Nestlé takes safety and sustainability in the workplace very seriously," said Ron Meredith, Director of Logistics Operations for Nestlé Waters North America. "Deploying a wireless vehicle management system on the industrial trucks in our manufacturing and distribution facilities helps ensure that only trained personnel have access to our equipment, and that they perform a safety checklist before operating it. Our VMS also has a smart impact sensor that helps influence good driving habits, reducing the risk of accidents. In addition, our VMS helps reduce fuel consumption and emissions by automatically shutting off trucks that are left idling." "We view this contract as a validation of our ‘I.D. Systems 2.0′ strategic initiative to accelerate new product adoption and facilitate more rapid scaling of our solutions, with quality, across large enterprises," said Kenneth Ehrman, I.D. Systems’ chairman and CEO. "Our patented VMS technology can be effectively applied to any size industrial fleet—from less than 10 vehicles at a site to more than 1,000 across an enterprise—and our new system-as-a-service model makes acquiring and implementing the benefits of VMS easier than ever before for our customers. Our solution for Nestlé includes large-scale delivery of our newest generation of on-vehicle hardware, deployment of our VMS as an […]