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May 7, 2012 5:00 PM ET
Jeffrey Jagid – Chairman and CEO
Ned Mavrommatis – CFO and Treasurer
Darryl Miller – COO
Ken Ehrman – President
Morris Ajzenman – Griffin Securities
Matthew Hoffman – Cowen & Co
Mike Cikos – Sidoti & Co
Good day ladies and gentlemen and welcome to the ID Systems Incorporated First Quarter 2012 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 would like to introduce your host for today’s conference, Mr. Jeffrey Jagid, you may begin.
Thank you. Welcome to ID Systems’ fiscal 2012 first quarter conference call. Thank you for joining us today. I am Jeffrey Jagid, the Chairman and CEO of ID Systems. Joining me today are our CFO, Ned Mavrommatis; our Chief Operating Officer Darryl Miller; and Ken Ehrman, the President of ID Systems. I will provide a brief overview of our results for the quarter. Ned will detail our financials. Darryl will update you on our operations and the performance of our AI subsidiary, 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 statements under the Private Securities Litigation Reform Act. 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 ID Systems’ filings with the Securities and Exchange Commission.