WOODCLIFF LAKE, N.J., Feb. 21, 2013 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless solutions for securing, tracking and managing high-value enterprise assets, has entered into a master supplier agreement with and received a series of purchase orders from one of the world's largest tire manufacturers. The purchase orders, cumulatively valued at approximately $830,000, call for I.D. Systems to deploy its PowerFleet® wireless Vehicle Management System (VMS) on fleets of industrial trucks at three of the tire maker's U.S. production plants. The tire manufacturer operates more than 150 plants worldwide.
"I.D. Systems has deployed its wireless asset management solutions on thousands of industrial vehicles in automotive manufacturing environments, and we are delighted to add this tire manufacturer to our family of world class automotive customers," said Jeffrey Jagid, I.D. Systems' chairman and CEO. "The selection of our PowerFleet system reflects a commitment to implement best practices for workplace safety and, at the same time, optimize material handling productivity. We are especially gratified that we displaced a competitor to win this business."
About Vehicle Management Systems
Vehicle Management Systems (VMS) help improve safety and security by restricting industrial vehicle access to trained, authorized operators, providing electronic safety inspection checklists, and sensing vehicle impacts. A wireless VMS helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting vehicle 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, 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 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, please visit www.id-systems.com.
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"Safe Harbor" Statement
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Source:I.D. Systems, Inc.