I.D. Systems, Inc. Nominates New Director to Board

    HACKENSACK, N.J.--May 6, 2002--I.D. Systems, Inc. , a leading provider of end-to-end wireless asset management solutions, today announced that Michael Monaco has been nominated to stand for election to the Company's Board of Directors. Mr. Monaco will fill the seat of N. Bert Loosmore, who is stepping down as a Director of the Company.
    Mr. Monaco, age 54, served Cendant Corporation as Vice Chairman from 1996 to 2000 and as Chief Executive Officer of the Direct Marketing Division from 1998 to 2000. From 1990 to 1996, Mr. Monaco was the Executive Vice President and Chief Financial Officer of the American Express Company. Mr. Monaco, who also sits on the Board of Washington Group International, Inc., received a Bachelor of Science degree in Accounting from Villanova University and a Master of Business Administration degree from Fairleigh Dickinson University. Mr. Monaco is also a Certified Public Accountant.
    "We could not ask for a more qualified addition to our Board of Directors," said Jeffrey M. Jagid, I.D. Systems Chairman and Chief Executive Officer. "Michael has impeccable integrity, a long history of distinguished corporate governance on various boards of public companies, and a broad range of managerial, financial, and advisory expertise. He will unquestionably be a valued asset for I.D. Systems."
    Mr. Monaco said, "I.D. Systems has a compelling technology, an outstanding customer base of blue chip companies, and the drive to succeed in building value for shareholders. I look forward to lending my experience to help guide the Company during this important stage of its growth."
    Mr. Jagid added, "We would like to thank Bert Loosmore, our friend and colleague, for his years of service to I.D. Systems, which he co-founded nearly a decade ago. We wish him the very best as he pursues new career and personal endeavors."
    The Annual Meeting of Shareholders of I.D. Systems will be held on Wednesday, June 5th at 10:00 a.m. Eastern Daylight Time at the Company's headquarters in Hackensack, New Jersey. Among the proposals presented at the Annual Meeting is the election of six directors.

    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 Archer Daniels Midland, 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 among others. 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.
    I.D. Systems' wireless fleet management system provides comprehensive solutions to the cost and safety issues facing managers of industrial equipment fleets. The company's system integrates diverse functionality, including wireless remote vehicle access control, electronic vehicle safety inspection checklists, advanced detection and analysis of true vehicle utilization, real-time vehicle location tracking, automatic real-time e-mail notification of critical safety-related events, and automated maintenance planning with real-time alerts for urgent repair issues.
    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.