Key Developments: ID Systems Inc (IDSY.W)
5.44USD
15 May 2013
$0.86 (+18.78%)
$4.58
$5.44
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Latest Key Developments (Source: Significant Developments)
ID Systems Inc Receives Series Of Purchase Orders From Walgreens
ID Systems Inc announced that it has received a series of purchase orders from Walgreens for the latest generation of I.D. Systems' PowerFleet wireless Vehicle Management System (VMS). The new system will be deployed on hundreds of material handling vehicles across multiple distribution centers in the United States. Walgreens originally implemented I.D. Systems' wireless technology in 2003 and is systematically upgrading more than a dozen of its facilities to the current generation of PowerFleet VMS. Included in the upgrade is implementation of I.D. Systems' new Analytics software-a set of software tools that gives executives and facility managers a single, integrated view of asset activity across multiple locations, generating site-to-site comparisons and enterprise-wide benchmarks of material handling operations. Walgreens management expects that I.D. Systems Analytics will enable deeper insights into-and help optimize-industrial vehicle performance across its distribution network. Full Article
ID Systems Inc Secures Patent for Automated Wireless Vehicle Rental System
ID Systems Inc announced that it has been awarded United States patent number 8,370,268 for a wireless, fully automated, remotely controlled vehicle rental system. The patented system enables a renter to reserve a vehicle via the Internet or a Smartphone, confirm a specific vehicle's availability in real time by means of a wireless device inside the vehicle, automatically unlock the vehicle's doors with a remote authorization signal, and return the vehicle without the aid of any other person. This is I.D. Systems' second patent award pertaining specifically to wireless rental car management. The Company's first patent application for an automated vehicle rental system was filed in 1999, and the Company currently has multiple related patent applications pending. I.D. Systems has deployed its rental vehicle management technology for Avis Budget Group on approximately 30,000 vehicles in North America, as reported in November, 2012. As part of the contract between the companies, announced in August, 2011, Avis Budget also acquired an approximately 9% equity stake in I.D. Systems. Full Article
ID Systems Inc Secures Contract
ID Systems Inc announced that it has received a purchase order from a supermarket chain in the Northeast U.S. The supermarket will implement I.D. Systems' PowerFleet wireless Vehicle Management System (VMS) at one of its primary distribution centers. Initially, the system will be deployed on approximately 170 material handling vehicles. The supermarket operates a total of approximately 1,000 industrial vehicles across its distribution facilities and retail stores. Full Article
ID Systems Inc's Subsidiary Secures Contract From National Retail Systems, Inc.
ID Systems Inc announced that National Retail Systems, Inc. (NRS), a logistics services provider, has executed a contract with I.D. Systems' Asset Intelligence subsidiary to deploy VeriWise Track and Trace asset management system on a fleet of trailers. The contract is valued at approximately $1.7 million over five years. Full Article
ID Systems Inc Receives Purchase Order From Detroit Diesel to Deploy Wireless Industrial Vehicle Management System
ID Systems Inc announced has received a purchase order from Detroit Diesel Corporation to deploy ID Systems' PowerFleet Vehicle Management System on a fleet of industrial trucks at a North American manufacturing plant. Full Article
I.D. Systems, Inc.'s Asset Intelligence Unit Receives $3.1 Million Order From Swift To Monitor And Manage Container Fleet
I.D. Systems, Inc. announced that Swift Transportation Company has entered into a contract with I.D. Systems to deploy the Company's VeriWise transportation asset management system on domestic intermodal containers. The contract is valued at approximately $3.1 million over five years. The VeriWise solution, engineered by I.D. Systems' Asset Intelligence subsidiary, is designed to improve the efficiency and security of transportation fleets by providing real-time data via on-asset sensors, satellite communications, and web-based software. The system's capabilities include motion detection to identify the start and end of each drive segment, a patented cargo sensor that monitors the full length of a container to determine its load status, and patented power management technology for long, maintenance-free battery life. Full Article
Audi Expands Use of I.D. Systems, Inc.'s Wireless Vehicle Management Systems
I.D. Systems, Inc. announced that it has received a series of follow-on purchase orders from Audi AG to expand deployment of I.D. Systems' PowerFleet Vehicle Management System on industrial trucks at Audi's flagship manufacturing plant in Ingolstadt, Germany. Full Article
FAB Express Trucking Selects I.D. Systems, Inc.'s Asset Intelligence's VeriWise Satellite Tracking System To Manage Dry Van Fleet
Asset Intelligence a subsidiary of I.D. Systems, Inc. announced that it has won a contract from FAB Express, Inc. to deploy its VeriWise Dry Van management system on FAB's fleet of approximately 1,000 cargo trailers. The VeriWise Dry Van solution is an advanced trailer tracking system that provides real-time data to improve the efficiency of cargo transport fleets. The system features GPS-based location tracking, real-time two-way communications via satellite network, and patented power management technology to provide exceptionally long battery life and years of maintenance-free operation. Full Article
I.D. Systems, Inc. Comments On FY 2011 Guidance-Conference Call
I.D. Systems, Inc. announced that for fiscal 2011, it expects topline revenue growth; diversifying revenue sources; controlling costs; and achieving net profitability by year's end. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $35 million for fiscal 2011. Full Article
I.D. Systems, Inc. Secures Contract
I.D. Systems, Inc. announced that it has received a series of purchase orders from the United States Postal Service (USPS) for software upgrades and support services related to its wireless industrial vehicle management system (VMS). Over the past six years, the USPS has deployed I.D. Systems' wireless VMS at more than 100 postal distribution facilities throughout the United States. The new contracts cover an enterprise-wide upgrade of I.D. Systems' PowerFleet Vision(TM) software, enhancements to the system's material handling productivity optimization module, and a automated system health analytics and reporting. The software upgrade includes compatibility with all current Windows operating systems, new interactive dashboards for system users, and enriched functionality to play back and analyze industrial vehicle travel routes inside distribution facilities. Full Article
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