WOODCLIFF LAKE, N.J., Dec. 16, 2014 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless M2M asset management solutions, has been named one of the top 100 technology solutions providers to the food and beverage industry by Food Logistics, a trade publication dedicated to the global food and beverage supply chain.
For more than a decade, the editors of Food Logistics have profiled software and technology providers with influential roles in the global food and beverage supply chain, producing products that benefit the industry in multiple ways, including by facilitating safe product handling and regulatory compliance.
"The impact of software and technology on the global food supply chain is truly profound," said Lara L. Sowinski, Editor-in-Chief at Food Logistics. "Software solution providers, equipment manufacturers and numerous technology innovations are supporting growth in our industry while concurrently lowering operating costs, improving productivity and enhancing visibility from farm to fork."
"We are very pleased to be named again to Food Logistics' list of top technology providers," said Norman Ellis, I.D. Systems' chief operating officer. "This selection reflects the ongoing rapid adoption of our patented wireless technology as a best practice for managing material handling equipment and transportation assets in the global food supply chain. Our customers include some of the largest food producers, CPG companies and retailers in the world."
I.D. Systems' solutions help customers control, track and analyze high-value assets, such as lift trucks and cargo containers, to increase efficiency, reduce costs and improve profitability. In selecting I.D. Systems to the FL100 list, Food Logistics focused on the company's industry-leading PowerFleet® wireless Vehicle Management System (VMS) for forklifts and other industrial trucks.
The PowerFleet VMS provides both safety benefits—through vehicle access control, impact management and electronic inspection checklists—and a compelling return on investment (ROI) through cloud-based analytics that drive key performance indicators (KPIs) for material handing operations.
"We install intelligent wireless computers on industrial vehicles, which automatically identify and react to operational problems in real time," said Mr. Ellis. "We have developed a unique database of industrial vehicle usage data, which our customers can use to benchmark their material handling performance within individual facilities, across their enterprises, and against their peer industries. This level of analytics is driving exponential growth in the wireless VMS market."
About Wireless 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 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. PowerFleet® is a registered trademark of I.D. Systems. For more information, visit www.id-systems.com.
About Food Logistics
Food Logistics is published by AC Business Media Inc., a business-to-business media company that provides targeted content and comprehensive, integrated advertising and promotion opportunities for some of the world's most recognized B2B brands. Its diverse portfolio serves the construction, logistics and supply chain and other industries with print, digital and custom products, events and social media. For more information, please visit www.foodlogistics.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; projections of earnings, revenues, potential contract values, estimated product shipment dates, synergies, accretion or other financial information; initiatives for new products and processes, and plans, strategies, objectives, and initiatives 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 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, 2013. 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.
Source:I.D. Systems, Inc.