DGAP-News: I.D. Systems to Deploy Wireless Industrial Vehicle Management Technology at Three Caterpillar Plants
ID: 330738
18.01.2011 15:00
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WOODCLIFF LAKE, N.J., 2011-01-18 15:00 CET (GLOBE NEWSWIRE) --I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless asset
management solutions, today announced that its marketing partner, Wiese USA,
has placed a series of purchase orders for I.D. Systems' PowerFleet? wireless
Vehicle Management System (VMS). The system will be deployed on fleets of
industrial trucks at three U.S. manufacturing plants of Caterpillar Inc.
(NYSE:CAT).
Caterpillar is the world's leading manufacturer of construction and mining
equipment, diesel and natural gas engines, industrial gas turbines, and
dieselelectric locomotives, as well as a leading services provider, with fiscal
2009 revenues of $32.4 billion. Wiese USA is a leading lift truck dealer and
fleet services provider with operations throughout the midwest United States.
Wireless Vehicle Management Systems help improve material handling 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. A wireless VMS
also helps reduce industrial 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 workplace safety and security by
restricting vehicle access to trained, authorized operators, providing
electronic vehicle inspection checklists, and sensing vehicle impacts.
'Wiese has long been a leader and an innovator in managing industrial vehicle
fleets,' said Mike Lonigro, Manager of Wiese's Caterpillar Business Unit. 'The
PowerFleet VMS has been extremely effective and reliable for our customers,
including Caterpillar, where our initial PowerFleet deployments generated
significant benefits in terms of material handling safety, cost reductions, and
productivity improvements. These benefits led directly to the decision to
expand the system fully across these three Caterpillar facilities.'
'We are gratified that the positive results achieved by our PowerFleet system
have compelled Wiese and Caterpillar to expand deployment of our technology
across multiple plants,' said Ken Ehrman, I.D. Systems' president. 'This
roll-out affirms our view that PowerFleet is a best practice in material
handling management, which helps optimize industrial truck operations and gives
our customers a significant competitive edge in their supply chains.'
About I.D. Systems
Based in Woodcliff Lake, New Jersey, with subsidiaries in Germany and the
United Kingdom, I.D. Systems is a leading provider of solutions for securing,
controlling, tracking, and managing high-value enterprise assets, including
vehicles, powered equipment, trailers, containers, and cargo. The Company's
patented technologies address the needs of organizations to monitor and analyze
their assets to improve safety, security, efficiency, and productivity. For
more information, visit www.id-systems.com.
'Safe Harbor' Statement:
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,
synergies, accretion or other financial information; and plans, strategies and
objectives of management for future operations, including integration plans in
connection with acquisitions. 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, 2009. 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.
CONTACT: For Financial Press
Ned Mavrommatis
Chief Financial Officer
ned@id-systems.com
General Phone: 201-996-9000
For Trade Press
Greg Smith
Vice President Marketing
gsmith@id-systems.com
General Fax: 201-996-9144
News Source: NASDAQ OMX
18.01.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: I.D. Systems, Inc.
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US4494891033
WKN:
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Datum: 18.01.2011 - 15:00 Uhr
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