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March 9, 2011 4:45 p.m. ET
Jeffrey Jagid – Chairman & CEO
Ned Mavrommatis – CFO & Treasurer
Darryl Miller – COO
Ken Ehrman – President
Morris Ajzenman – Griffin Securities
Matthew Hoffman – Cowen and Company
Walter Schenker – MAZ Partners
George Melas - MKH Management
Mike Wagner - private investor
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the I.D. Systems fiscal year end 2010 results conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions.] As a reminder, this conference is being recorded. I would like to introduce your host for today, Mr. Jeffery Jagid, chairman and CEO. Sir, please go ahead.
Thank you. Welcome everyone to I.D. Systems' fiscal 2010 year-end results conference all. Thank you for joining us today. I’m Jeffrey Jagid, the chairman and CEO of I.D. Systems. With me are Ned Mavrommatis, our CFO; Darryl Miller, our chief operating officer; and Ken Ehrman, the president of I.D. Systems.
I will provide a brief overview of the quarter and year ended December 31, 2010. Ned will detail our financials. Darryl will update you on our operations, with a particular focus on the performance of our Asset Intelligence business, and Ken will review additional highlights of 2010. We will then open the call to your questions.
Before we begin, let me reiterate the Safe Harbor statement under the Private Securities Litigation Reform Act of 1995. The following discussion contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, fluctuations in operating results, and other risks detailed from time-to-time in I.D. Systems’ filings with the Securities and Exchange Commission. These risks could cause the company’s actual results for the current fiscal year and beyond to differ materially from those expressed in any forward-looking statements made by or on behalf of the company.