Founded by two engineering classmates at Stanford University in 1993, I.D. Systems has pioneered the use of RFID (radio frequency identification) technology for wireless vehicle management and fleet tracking.
The initial success of I.D. Systems' emerging technology came in 1995, when the U.S. Postal Service (USPS) awarded the company a $6.6 million contract to develop and implement an innovative tracking system for monitoring the location and status of test letters and packages. By 1997, a demonstrated market need for fleet management and utilization led the company to develop a unique, patented technology that has application in a variety of corporate and government environments.
I.D. Systems went public in 1999. Its shares trade under the symbol IDSY on the NASDAQ Global Select Market.
Today, I.D. Systems is a leading global provider of wireless M2M solutions for securing, tracking and managing high-value enterprise assets, including industrial vehicles such as forklifts, airport ground support and handling equipment, transportation assets including trailers and containers and even rental car fleets.
I.D. Systems' portfolio of patented products utilize Cellular, Satellite and RFID technologies to control, track, monitor and analyze fleets of vehicles, their cargo, and the people who operate them. I.D. Systems' patented vehicle management systems (VMS) boosts fleet and operator productivity, establishes total visibility of vehicles and cargo, improves safety and security, and reduces maintenance and other operating costs – which all drive to a significant return on investment.
I.D. Systems' customers include 3M, Alcoa, American Axle, Archer Daniels Midland, Canadian Tire, Chrysler, Delphi, FMC, Ford, John Deere, Kellogg's, Nissan, Northrop Grumman, Nucor Steel, Raymond, Rite Aid, Target, Toyota, Walgreens, Weyerhaeuser, the U.S. Department of Defense, U.S. Department of Homeland Security, and the U.S. Postal Service, among others.
I.D. Systems maintains its corporate headquarters and research and development laboratories in Woodcliff Lake, New Jersey, approximately ten miles northwest of New York City. The Asset Intelligence division is located in Plano, TX. The company's European business offices are located in Düsseldorf, Germany and the United Kingdom.