DGAP-News: I.D. Systems Receives Purchase Order From Detroit Diesel to Deploy Wireless Industrial Vehicle Management System
(firmenpresse) - I.D. Systems, Inc.
11.07.2012 15:00
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WOODCLIFF LAKE, N.J., 2012-07-11 15:00 CEST (GLOBE NEWSWIRE) --
I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless solutions for
securing, tracking and managing high-value enterprise assets, has received a
purchase order from Detroit Diesel Corporation to deploy I.D. Systems'
PowerFleet(tm) Vehicle Management System on a fleet of industrial trucks at a
North American manufacturing plant.
Detroit Diesel is a leading manufacturer of heavy-duty diesel engines and axles
for the commercial transportation industry, with a network of more than 800
Detroit(tm) brand sales and service locations throughout North America. Detroit
Diesel is a subsidiary of Daimler AG (stock exchange symbol: DAI), one of the
world's leading automotive companies, with 2011 revenues of more than [Eur]106
billion (approximately $133 billion).
Wireless Vehicle Management Systems (VMS) help improve supply chain
productivity by establishing accountability for the use of industrial trucks,
such as forklifts, ensuring equipment is in the proper place at the right time,
streamlining material handling work flow, and providing unique metrics on
vehicle utilization. A wireless VMS also helps reduce fleet maintenance costs
by automatically uploading vehicle data, reporting equipment 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.
'We are pleased to add Detroit Diesel as a customer, enhancing our strong
market share in the automotive vertical, where we also count Mercedes, Ford,
Toyota, Audi, Continental Tire, and other automotive industry leaders among our
customers,' said Jeffrey Jagid, I.D. Systems' chairman and CEO. 'We look
forward to helping Detroit Diesel utilize our PowerFleet VMS to reduce
operational costs, increase productivity, and improve material handling
safety.'
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, baggage, 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, 2011. 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: USA Financial Media
Ned Mavrommatis
CFO
ned(at)id-systems.com
+1 201.996.9000
USA Trade Media
Greg Smith
VP Corp. Comm.
gsmith(at)id-systems.com
+1 201.996.9000
Europe
Alexander Glasmacher
Managing Director EMEA
aglasmacher(at)id-systems.com
+49 (0)211.310.54.54.61
News Source: NASDAQ OMX
11.07.2012 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: I.D. Systems, Inc.
United States
Phone:
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Internet:
ISIN: US4494891033
WKN:
End of Announcement DGAP News-Service
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