DGAP-News: Ford Europe Expands Deployment of I.D. Systems– Wireless Vehicle Management System

I.D. Systems, Inc.

20.01.2011 16:26
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WOODCLIFF LAKE, N.J., 2011-01-20 16:26 CET (GLOBE NEWSWIRE) –I.D. Systems, Inc. (Nasdaq:IDSY), a leading provider of wireless asset
management solutions, today announced that Ford Motor Company (NYSE:F) is
expanding its deployment of I.D. Systems– wireless Vehicle Management System
(VMS) to industrial truck fleets at two manufacturing plants in the United
Kingdom and a third facility in Romania. The system was previously implemented
at Ford plants in Spain and Germany, as well as across all Ford manufacturing
facilities in North America.

I.D. Systems– German subsidiary, I.D. Systems GmbH, facilitated Ford Europe–s
expansion of the system by integrating it into the lease financing for the
vehicles on which the system will be installed. I.D. Systems GmbH will manage
the expansion project, and I.D. Systems– United Kingdom subsidiary, didBOX
Ltd., will install and support the two new deployments in the U.K.

Ford–s acquisition of I.D. Systems– VMS was also facilitated by a major
European lift truck manufacturer, which ordered portions of the system on
Ford–s behalf. To optimize the ease and speed of vehicle hardware installation,
I.D. Systems will provide a cable harness designed especially for the
manufacturer–s lift trucks.

Ford representatives are convinced that I.D. Systems– wireless technology,
which Ford calls their Industrial Vehicle Electronic Control System, has
demonstrated an ability to enhance workplace safety, help reduce operating
costs, and improve the overall utilization of material handling equipment.

–We are gratified by Ford–s decision to expand its use of our patented wireless
vehicle management technology, and view it as a reflection of the many
quantifiable benefits our system provides for manufacturing operations,– said
Jeffrey Jagid, I.D. Systems chairman and chief executive officer. –We are also
pleased about the positive impact this new business will have on our continued
growth in Europe.–

I.D. Systems– wireless VMS for industrial vehicles is designed to enhance the
safety, security, maintenance, and utilization of industrial equipment. The
system improves safety and security by restricting vehicle access to trained,
authorized operators and by providing electronic safety inspection checklists.
The system helps reduce maintenance expenses by automatically uploading vehicle
data, reporting problems identified on checklists in real time, basing
maintenance schedules according to actual vehicle usage rather than on a
calendar basis, and helping management determine the optimal economic time to
replace equipment. In addition, the system can help improve equipment
utilization and reduce the total cost of fleet ownership by ensuring equipment
is in the proper place at the right time and streamlining work flow through
automated messaging.

About I.D. Systems:

Based 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.

CONTACT: For Financial Press
Ned Mavrommatis
Chief Financial Officer
ned@id-systems.com
Phone: 201-996-9000; Fax: 201-996-9144

For Trade Press
Greg Smith
VP Marketing
gsmith@id-systems.com
News Source: NASDAQ OMX

20.01.2011 Dissemination of a Corporate News, transmitted by DGAP –
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: I.D. Systems, Inc.

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ISIN: US4494891033
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End of Announcement DGAP News-Service

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