HACKENSACK, N.J., March 24, 2008 (PRIME NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY) today announced that it has received purchase orders from the United States Postal Service (USPS) to deploy I.D. Systems' Wireless Asset Net(r) industrial vehicle management system at 16 additional mail distribution facilities. The orders are cumulatively valued at approximately $5.4 million. Fulfillment of these orders will increase the number of USPS facilities deploying the Wireless Asset Net(r) system to 96.
"Following the recent extension of our national contract with the Postal Service, we saw an immediate influx of orders for the Wireless Asset Net(r)," said Peter Fausel, I.D. Systems' executive vice president of sales, marketing and customer support. "Our technology has generated significant economic benefits for the USPS through improved management of their industrial vehicle operations. We look forward to continue working closely with the USPS, one of our core customers, toward achieving their industrial fleet management goals."
The Wireless Asset Net consists of intelligent wireless devices (Vehicle Asset Communicators(r)) installed on powered industrial vehicles (such as forklifts and pallet movers), a patented RF communication system, and client-server software for access control, utilization analysis, real-time location tracking, and many other functions. The system helps improve industrial workplace safety and security by restricting vehicle access to trained, authorized operators and by providing electronic safety inspection checklists. The system helps reduce maintenance expenses by automatically uploading vehicle data, reporting vehicle problems in real time, giving management the option of scheduling maintenance according to actual vehicle usage rather than on a calendar basis, and helping plant management determine the optimal economic time to replace equipment. The system also helps improve productivity by ensuring equipment is in the proper place at the right time and by providing management with unique reports on vehicle utilization.
Based in Hackensack, NJ, I.D. Systems, Inc. is a leading provider of wireless solutions for managing and securing high-value enterprise assets. These assets include industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company's patented Wireless Asset Net system, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control track, monitor and analyze their assets. For more information, visit www.id-systems.com.
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