WOODCLIFF LAKE, N.J., Jan. 31, 2011 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless asset management solutions, today announced that it has received a series of purchase orders from Walgreen Co. (NYSE:WAG) for the newest generation of I.D. Systems' PowerFleet™ wireless Vehicle Management System (VMS) and for the integration of PowerFleet into Walgreens corporate information systems. The new PowerFleet VMS will be deployed on fleets of material handling vehicles at Walgreens distribution centers in Illinois and Wisconsin. The two sites originally implemented wireless solutions from I.D. Systems in 2005, and are the first of 12 Walgreens facilities currently using I.D. Systems' technology to upgrade to the current generation of PowerFleet. Walgreens also contracted I.D. Systems to create a database interface between the PowerFleet system and Walgreens web-based, enterprise-wide maintenance management system. The integration is expected to automate and streamline processes for vehicle maintenance scheduling and safety compliance. Walgreen Co. is the nation's largest drugstore chain with fiscal 2010 sales of $67.4 billion. The company operates more than 7,600 drugstores in all 50 states, the District of Columbia and Puerto Rico. For more information on Walgreens, visit www.walgreens.com. The PowerFleet VMS helps improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and intelligently managing vehicle impacts. The system also helps reduce 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, PowerFleet helps improve material handling productivity by establishing equipment accountability, ensuring vehicles are in the proper place at the right time, and providing unique metrics on fleet utilization. "Walgreens is a longtime customer that has established our wireless VMS technology as a best practice," said Ken Ehrman, I.D. Systems' president. "We are very pleased to expand our relationship and eager to provide Walgreens with even more benefits for their distribution center material handling operations—in terms of safety controls, cost reductions, and productivity optimization. The latest generation of our VMS technology incorporates many new, patented capabilities for vehicle operator access control, safety checklist automation, and intelligent impact management, which clearly make PowerFleet, in our view, the state-of-the-art in wireless vehicle management."
About I.D. SystemsBased in Woodcliff Lake, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of solutions for securing, controlling, tracking, and managing high-value enterprise assets, including vehicles, powered equipment, trailers, containers, and cargo. The Company's patented technologies address the needs of organizations to monitor and analyze their assets to improve safety, security, efficiency, and productivity. For more information, visit www.id-systems.com. "Safe Harbor" Statement: This press release contains forward looking statements within the meaning of federal securities laws. Forward-looking statements include statements with respect to I.D. Systems' beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond I.D. Systems' control, and which may cause its actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. For example, forward-looking statements include: statements regarding prospects for additional customers; market forecasts; projections of earnings, revenues, synergies, accretion or other financial information; and plans, strategies and objectives of management for future operations, including integration plans in connection with acquisitions. The risks and uncertainties referred to above include, but are not limited to, future economic and business conditions, the loss of key customers or reduction in the purchase of products by any such customers, the failure of the market for I.D. Systems' products to continue to develop, the possibility that I.D. Systems may not be able to integrate successfully the business, operations and employees of acquired businesses, the inability to protect I.D. Systems' intellectual property, the inability to manage growth, the effects of competition from a variety of local, regional, national and other providers of wireless solutions, and other risks detailed from time to time in I.D. Systems' filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2009. These risks could cause actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, I.D. Systems. I.D. Systems assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.
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