HACKENSACK, New Jersey, January 22 /PRNewswire/ --
I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of RFID-basedwireless asset tracking and management solutions, today announced that it hasreceived two purchase orders from a leading U.S. defense contractor with atotal value of approximately US$1.5 million.
One order is for a Wireless Equipment Monitoring & Control System formanaging material handling vehicles. This RFID-based system, a version ofI.D. Systems' patented Wireless Asset Net(R) technology, will be deployed ona fleet of industrial trucks at a major U.S. shipyard that builds andservices both U.S. naval vessels commercial ships.
The Wireless Asset Net improves productivity in manufacturing anddistribution environments by establishing accountability for use ofequipment, ensuring equipment is in the proper place at the right time,streamlining work flow through automated messaging, and providing managementwith unique metrics on -- and controls over -- equipment utilization. Thesystem also improves workplace safety and security by restricting vehicleaccess to trained, authorized operators and providing electronic vehicleinspection checklists. In addition, the system reduces maintenance expensesby automatically uploading vehicle data, reporting problems identified onchecklists in real time, scheduling maintenance according to actual vehicleusage rather than on a calendar basis, and helping management determine theoptimal economic time to replace equipment.
The second order is for an RFID-based access control andtime-and-attendance system at three shipyards on the Gulf Coast. This systemis expected to increase the efficiency of shipyard gate management, whileimproving accuracy and reducing costs of personnel time-in/time-out recordkeeping. I.D. Systems is implementing the project in partnership with RFIDGlobal Solution, Inc., which designs and deploys a wide range of RFIDsolutions.
"We are very pleased to expand business in the defense sector, as well asestablish a new cooperative relationship with RFID Global Solution," saidRick Muntz, I.D. Systems' executive vice president of sales, marketing andcustomer satisfaction. "We look forward to playing an important role inimproving efficiency, balancing the work force, reducing operating costs, andincreasing the security of these shipyards' operations."
About I.D. Systems
I.D. Systems, Inc. is a leading provider of wireless solutions forsecuring, tracking and managing high-value enterprise assets. These assetsinclude industrial vehicles, such as forklifts and airport ground supportequipment, and the people who operate them. The company's patented WirelessAsset Net system, which utilizes radio frequency identification, or RFID,technology, addresses the needs of organizations to control track, monitorand analyze their assets. For more information about I.D. Systems, visitwww.id-systems.com .
About RFID Global Solution
RFID Global Solution, Inc. is an RFID systems integrator specializing inboth active and passive RFID applications for government and commercialcustomers. The company develops wireless asset and personnel managementsolutions that provide real-time visibility at both the site and enterpriselevel. The company's innovative products include the patented RFIDSmartTable, SmartCart, and Global Freezer Insert. For more information aboutRFID Global Solution, visit www.rfidgs.com .
"Safe Harbor" statement under the Private Securities Litigation ReformAct of 1995:
This press release contains forward looking statements that are madepursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995 and that are subject to risk and uncertainties, including,but not limited to, future economic and business conditions, the loss of anyof the Company's key customers or reduction in the purchase of its productsby any such customers, the failure of the market for the Company's productsto continue to develop, the inability to protect the Company's intellectualproperty, the inability to manage the Company's growth, the effects ofcompetition from a wide variety of local, regional, national and otherproviders of wireless solutions and other risks detailed from time to time inthe Company's filings with the Securities and Exchange Commission, includingthe Company's annual report on Form 10-K for the year ended December 31,2005. These risks could cause actual results to differ materially from thoseexpressed in any forward looking statements made by, or on behalf of, theCompany. The Company assumes no obligation to update the informationcontained in this press release.
Web site: http://www.id-systems.com http://www.rfidgs.com
I.D. Systems, Inc.
For Financial Press, Ned Mavrommatis, CFO, ned@id-systems.com, or For Trade Press, Greg Smith, VP Marketing, gsmith@id-systems.com, both of I.D. Systems, Inc., +1-201-996-9000, Fax, +1-201-996-9144
