I.D. Systems Names Gary S. Marks Executive Vice President of Sales and Marketing
HACKENSACK, N.J.--Dec. 17, 2001--I.D. Systems, Inc. , a leading provider of end-to-end wireless asset management systems, today announced the appointment of Gary S. Marks to the position of Executive Vice President, Sales and Marketing.Mr. Marks brings more than 20 years of experience in technology business development, sales, and marketing, most recently as Executive Vice President of Cybertel, a telecommunications software company.
Prior to his employment with Cybertel, Mr. Marks held senior executive positions at various technology companies, including Dialogic (an Intel company), SyQuest Technology, Western Digital Corporation, and AT&T Corporation. Mr. Marks holds an MBA in Finance from Fairleigh Dickinson University.
"With extensive experience developing highly successful technology businesses and a broad knowledge of networking and data communication technologies, Gary Marks is a tremendous addition to our team," said Jeffrey Jagid, I.D. Systems Chief Executive Officer. "Throughout his career, Gary has played an instrumental role in building sales and managing rapid growth in high-technology industries. We are fortunate to have Gary join us at this moment in our company's growth."
"I.D. Systems enjoys a unique position in the wireless technology marketplace," said Mr. Marks. "The company has patented a wireless asset tracking and management system with broad commercial applications, developed a reputation for providing state-of-the-art technical solutions, established strong relationships with Fortune 100 customers, and demonstrated a significant return on investment for its products. I am eager to get to work to help guide the next phase of the company's growth, and I look forward to being part of a great success story."
About I.D. Systems
Based in Hackensack, New Jersey, I.D. Systems, Inc. is a leading provider of wireless solutions for corporate asset management. I.D. Systems' customers include British Airways, DaimlerChrysler, Deere & Co., Ford Motor Co., General Motors, Hallmark Cards, the Union Pacific Railroad, the U.S. Navy, and the U.S. Postal Service. Using local area networks, wide area networks, and the Internet, the company's systems enable management to control and track the location and status of their assets--from letters and containers to forklifts and railcars--in real time.
For more information on I.D. Systems, Inc., visit www.id-systems.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, fluctuations in operating results and other risks detailed from time to time in I.D. Systems' filings with the Securities and Exchange Commission. These risks could cause I.D. Systems' actual results for the current fiscal year and beyond to differ materially from those expressed in any forward looking statements made by, or behalf of, I.D. Systems.