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I.D. Systems Receives Order From The Raymond Corporation To Deploy Wireless Vehicle Management Technology For Fortune 100 Company

Stocks in this article: IDSY

WOODCLIFF LAKE, N.J., July 1, 2013 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless solutions for tracking, securing and managing high-value enterprise assets, has received a purchase order from The Raymond Corporation, a leading global provider of material handling solutions, to deploy I.D. Systems' PowerFleet® wireless vehicle management system on a fleet of lift trucks at a distribution center of a North American Fortune 100 corporation.

Raymond, through a marketing agreement with I.D. Systems, offers PowerFleet as part of its iWAREHOUSE ® Enterprise solution—one of a set of solutions that is part of Raymond's iWAREHOUSE fleet optimization system—which turns collected information into data to help identify opportunities for fleet and warehouse improvement.

"This purchase order signals an expansion of this Fortune 100 end-user's investment in the PowerFleet and iWAREHOUSE systems," said Kenneth Ehrman, president of I.D. Systems. "The end-user previously tested our best-practice wireless vehicle management system in a successful pilot program, which demonstrated the operational and economic value of our technology. Raymond continues to be a valuable channel collaborator and we look forward to continue growing our business with Raymond, as well as this end-user."

About Wireless Vehicle Management Systems

A wireless vehicle management system (VMS) helps improve material handling productivity by establishing accountability for the use of equipment, ensuring equipment is in the proper place at the right time, and providing unique fleet utilization metrics. A wireless VMS also helps reduce industrial fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, scheduling maintenance according to actual vehicle usage rather than by calendar or manual data entry, and helping determine the optimal economic time to replace equipment. In addition, a wireless VMS helps improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and managing vehicle impacts.

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