I.D. Systems, Inc.
22.03.2012 14:00
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WOODCLIFF LAKE, N.J., 2012-03-22 14:00 CET (GLOBE NEWSWIRE) --
I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless solutions for
tracking, securing and managing high-value enterprise assets, today announced
it has received purchase orders from Toyota Engineering & Manufacturing North
America, Inc. (TEMA) to deploy its PowerFleet wireless Vehicle Management
System (VMS) on fleets of material handling equipment at two Toyota plants in
the U.S. One facility is upgrading a fleet of approximately 500 industrial
trucks, originally equipped with an I.D. Systems VMS in 2002. The second site
will be deploying a VMS for the first time.
TEMA is responsible for all of Toyota's (NYSE:TM) engineering, development and
manufacturing activities in North America. TEMA coordinates 13 Toyota
production facilities, including the two sites deploying the PowerFleet system.
For more information on Toyota, please visit www.toyota.com
I.D. Systems' PowerFleet wireless VMS is designed to enhance the safety,
security, maintenance, and utilization of industrial equipment. The system
improves safety and security by restricting vehicle access to trained,
authorized operators and providing electronic safety checklists. It helps
reduce maintenance costs by automatically uploading vehicle data, reporting
checklist problems in real time, basing maintenance schedules on actual vehicle
usage rather than calendar time, and helping determine the optimal economic
time to replace equipment. In addition, the system can help improve equipment
utilization and reduce the total cost of fleet ownership by ensuring equipment
is in the proper place at the right time and streamlining work flow.
'We are very pleased that Toyota, which many consider the gold standard of
manufacturing innovation and efficiency, will continue to utilize and benefit
from our wireless vehicle management systems,' said Jeffrey Jagid, I.D. Systems
chairman and CEO. 'Our wireless technology has been deployed by one Toyota
plant continuously for almost a decade--a testament to the quality and
sustainability of our solutions--and we look forward to expanding our brand of
best-practice industrial fleet management to other Toyota facilities.'
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, 2010. 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
Phone: 201-996-9000
ned@id-systems.com
For Trade Press
Greg Smith
VP Corp. Comm.
Phone: 201-996-9000
gsmith@id-systems.com
News Source: NASDAQ OMX
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Language: English
Company: I.D. Systems, Inc.
United States
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ISIN: US4494891033
WKN:
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DGAP-News: Toyota Upgrades and Expands Use of I.D. Systems' Wireless Technology for Industrial Trucks
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