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I.D. Systems Receives Order from Channel Partner to Deploy Wireless Vehicle Management System

Tuesday, May 20, 2014

I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless M2M asset management solutions, has received a purchase order valued at approximately $200,000 from Southeast Industrial Equipment, Inc., one of the largest dealers of material handling equipment in the southeast United States. The order is for initial deployment of I.D. Systems' PowerBox™ wireless vehicle management system (VMS) on a fleet of lift trucks in a manufacturing plant of one of the world's leading appliance manufacturers, a new end user of I.D. Systems' solutions.

Southeast Industrial Equipment provides a wide range of lift trucks, heavy equipment, maintenance services, and training programs for customers throughout North Carolina, South Carolina, Georgia, and Virginia. The company distributes several leading brands of industrial vehicles, including Toyota forklifts, Genie aerial platforms, Cushman utility vehicles, and Terex construction equipment.

"We are pleased to expand our relationship with Southeast Industrial Equipment, a key strategic partner for I.D. Systems, and add to our customer base another global manufacturer that operates a large fleet of industrial vehicles around the world," said Kenneth Ehrman, president and interim CEO of I.D. Systems. "This is a good example of our strategy to expand revenue growth through strategic channel partners, focusing on end users with a global enterprise of manufacturing and distribution facilities, representing new opportunities for growth."

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