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March 01, 2012 04:45 pm ET
Jeff Jagid - Chairman & CEO
Ned Mavrommatis - CFO
Darryl Miller - COO
Kenneth Ehrman - President
Morris Ajzenman - Griffin Securities
Orin Hirschman - AIGH Investment Partners
Michael Cikos - Sidoti & Company
Walter Schenker - MAZ Partners
Good day ladies and gentlemen and welcome to the ID Systems’ fourth quarter and full-year 2011 conference call. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session with instructions following at that time. (Operator Instructions) As a reminder this conference call is being recorded. And now I will turn the conference over to your host Jeff Jagid. Please begin.
Thank you. Thank you everyone for joining us today. I am Jeffrey Jagid, the Chairman and CEO of ID Systems. Joining me today on the call are CFO Ned Mavrommatis; our Chief Operating Officer Darryl Miller; and Ken Ehrman, the President of the company. I will provide a brief overview of our results for the fourth quarter and full year. Ned will detail our financials. Darryl will update you on our operations and the performance of our asset intelligence business and Ken will review the highlights of our vehicle management business. 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 result and other risks detailed from time to time in ID Systems’ filings with the Securities and Exchange Commission.