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VIN Number: I.D. Systems Receives Additional Orders from U.S. Postal Service for Wireless Ve
Posted on Thursday, July 06 @ 10:30:24 UTC by Cars |
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I.D. Systems Receives Additional Orders from U.S. Postal Service for Wireless Vehicle Management Systems
HACKENSACK, N.J., July 5 -- I.D. Systems, Inc.
(Nasdaq: IDSY) today announced that it has received orders from the United
States Postal Service (USPS) to deploy the company's Wireless Asset Net(TM)
powered industrial vehicle management system at 12 additional USPS
facilities. These orders increase the number of USPS facilities deploying
the Wireless Asset Net to 56. Under the terms of the USPS' three-year
national contract with I.D. Systems, up to 460 USPS facilities can order
the Wireless Asset Net system.
"We continue to work very closely with the Postal Service to further
expand their deployment of our wireless systems and help them generate
substantial economic benefits through improved control over and analysis of
their powered industrial vehicle operations," said Rick Muntz, I.D.
Systems' executive vice president of sales, marketing and customer
satisfaction. "We are proud of the mutual commitment we share with the USPS
toward achieving these goals."
The Wireless Asset Net consists of intelligent wireless devices
(Vehicle Asset Communicators(R)) installed on powered industrial vehicles
(such as fork trucks and pallet movers), a patented communication
infrastructure, and client-server software for access control, utilization
analysis, real-time location tracking, and many other functions. The system
is designed to improve industrial workplace safety and security by
restricting vehicle access to trained, authorized operators and by
providing electronic safety inspection checklists. The system is designed
to 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 is also designed to help 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 on I.D. Systems,
Inc., visit http://www.id-systems.com.
"Safe Harbor" Statement Under the Private Securities Litigation Reform
Act of 1995: This press release contains forward looking statements that
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and that are subject to risk and
uncertainties, including, but not limited to, future economic and business
conditions, the loss of any of the Company's key customers or reduction in
the purchase of its products by any such customers, the failure of the
market for the Company's products to continue to develop, the inability to
protect the Company's intellectual property, the inability to manage the
Company's growth, the effects of competition from a wide variety of local,
regional, national and other providers of wireless solutions and other
risks detailed from time to time in the Company's filings with the
Securities and Exchange Commission, including the Company's annual report
on Form 10-K for the year ended December 31, 2005. These risks could cause
actual results to differ materially from those expressed in any forward
looking statements made by, or on behalf of, the Company. The Company
assumes no obligation to update the information contained in this press
release.
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