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I.D. Systems expands family of solutions for industrial asset management

Hackensack, NJ, April 27, 2010—I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of asset management solutions, has expanded its product portfolio with a new range of industrial Vehicle Management Systems (VMS) and a new family of mobile asset tracking devices for over-the-road supply chain applications. Today at the NA 2010 North American material handling show, I.D. Systems touted its new PowerBox™ Hosted VMS, two new didBOX™ VMS products, and a line of trailer- and container-tracking devices under the company’s Asset Intelligence brand, to complement its industry-leading PowerFleet™ Wireless VMS.

“We are focused on becoming the world’s preeminent provider of industrial asset management technology,” said Peter Fausel, I.D. Systems’ executive vice president of sales. “The multi-tiered family of solutions we are introducing today will enable organizations to choose precisely the right functions, technical architecture, communication methods, and sets of benefits they need to optimize their fleets of material handling vehicles, trailers and containers, whatever their challenges—and budget—might be.”

Vehicle Management Systems (VMS) help improve safety, operating efficiency, and productivity of industrial trucks by establishing vehicle accountability through access control, monitoring the maintenance and safe operating condition of vehicles, and providing metrics on vehicle utilization.

The PowerFleet™ VMS, currently deployed across many of the world’s most sophisticated and respected supply chains, provides state-of-the-art core functions—flexible vehicle access control, event-driven safety checklists, intelligent impact management, automated maintenance controls, and advanced fleet utilization analysis. The system also offers a wide range of modular options to address specific management challenges, including vehicle speed control, location tracking, route analysis, text messaging, electronic task dispatching, battery management, job tracking, and total material handling resource management. With this rich, powerful set of management tools, PowerFleet™ is typically deployed for medium-to-large fleets, enterprise-scale operations, or operations with multi-faceted fleet management problems.

Many organizations, however, have smaller fleets, more basic functional needs, or less demanding technical environments. To provide more flexible choices for customers in every segment of the industrial vehicle management market, I.D. Systems has added PowerBox™ and didBOX™ to its family of VMS products.

PowerBox™ is a hosted, out-of-the-box solution designed to simplify system acquisition, deployment and benefit achievement for customers with small to medium fleets, or larger fleets with basic VMS requirements. PowerBox™ features pre-configured vehicle access control, electronic safety checklists, impact sensing, and usage reporting that are ready to go as soon as the hardware is installed on the vehicle—with essentially no user training or software interaction needed. The system also automatically learns its own impact management settings, adding to the ease of the customer’s “hands-off” experience.

As a hosted system, PowerBox™ utilizes a combination of RF and cellular communications technologies for 100% automatic wireless data flows, plus remote, browser-accessible software, so there is virtually no effort required by the user’s internal resources—including the user’s IT organization—to get the system up and running. Users do not even have to click through any software to use the system; PowerBox™ automatically emails insightful dashboard reports that quantify benefits, not just data, to illustrate graphically both how the fleet is doing and what additional opportunities exist for improvement.

The robustness and reliability of the PowerBox™ Hosted VMS are also field-proven, with the system achieving 99.8% uptime in initial deployments.

To fit into any budget, PowerBox™ can be acquired for a low upfront payment plus a low monthly service fee based on fleet size. According to an independent consultant’s analysis of average core VMS financial benefits and the average PowerBox™ system cost, the system will typically return breakeven cash flow in less than one year, even for relatively small fleets with basic needs.

I.D. Systems’ didBOX™ products are non-wireless devices designed to provide smaller fleets of industrial trucks with simple, effective, reliable control of vehicles and operators. didBOX™ Fob provides iButton vehicle access control and impact sensing. didBOX™ Key provides robust keypad vehicle access control. Both devices deliver useful truck and operator utilization data.

Because didBOX™ products are non-wireless, they require no IT support and are quick and easy to deploy—typically by the dealer of the equipment on which the products are installed. The devices are also low cost, and can be easy to budget as part of the vehicle purchase. The didBOX™ product line is also proven reliable; didBOX™ Fob carries a full 5-year warranty.

For trailer and container tracking, I.D. Systems offers three new Asset Intelligence products.

VeriWise™ Track & Trace is a low-cost, long-life, cellular device with flexible mounting options and simple installation, which is ideal for basic trailer and container location pinging applications, theft countermeasures, and short-term asset analytics.

VeriWise™ Reefer Control is a refrigerated trailer—or “reefer”—control unit, which has been integrated with the leading reefer brands, Thermo King and Carrier, to provide stem-to-stern interior cargo sensing, real-time temperature alerts, remote control capabilities, and fuel management.

VeriWise™ Intermodal Container is a domestic container tracking system with coast-to-coast satellite coverage throughout North America, which incorporates proprietary power management technology for long product life, advanced cargo sensing, and motion detection to track key start-of-drive and end-of-drive data.

Asset Intelligence products provide mobile asset tracking and management solutions across global supply chains, using advanced cellular, satellite, Web analytics, sensor, and power management technologies. These solutions increase asset visibility, utilization, security, and regulatory compliance, and decrease capital and operating costs, fuel usage, asset loss, asset detention/downtime, and manual labor. The return on investment in Asset Intelligence products is typically under one year.

About I.D. Systems:
Based in Hackensack, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of wireless solutions for managing and securing high-value enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company’s patented technology, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control, track, monitor and analyze their assets. For more information, visit www.id-systems.com.

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