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May 9, 2011 4:45 pm ET
Jeffrey M. Jagid – Chairman of the Board, Chief Executive Officer, and Director
Ned Mavrommatis – Chief Financial Officer
Darryl Miller – Chief Operating Officer
Kenneth S. Ehrman – President
Matthew Hoffman – Cowen & Co.
Walter Schenker – MAZ Partners
George Melas – MKH Management
Good day, ladies and gentlemen. Welcome to the I.D. Systems Inc., Q1 2011 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 call is being recorded.
I’d now like to turn the conference over to Jeffery Jagid. You may begin.
Thank you. Welcome to I.D. Systems fiscal 2011 first quarter 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, Ned will detail our financials, Darryl will update you on our operations and the performance of our Asset Intelligence subsidiary, and Ken will discuss additional highlights. 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.