I.D. Systems Receives Order from General Motors
16 November 1999
I.D. Systems Receives Order from General Motors; Adds Second of Big Three Auto Makers to Client BaseNEW YORK, Nov. 16 -- I.D. Systems, Inc. , a leader in wireless monitoring systems for industry, today announced that General Motors Corp. has placed a $50,000 order for I.D. Systems' automated vehicle tracking and management system. I.D. Systems will install its technology on 35 forklifts in a pilot program at General Motors' Doraville, Ga., assembly facility. The agreement positions I.D. Systems as a candidate for providing tracking and monitoring systems for the 40,000 lift trucks in GM's worldwide plants. I.D. Systems' technology is already in place at Ford Motor Co. Kenneth Ehrman, I.D. Systems president, said, "Our agreement with General Motors exemplifies our strategy to diversify our revenue base while remaining focused on procuring contracts with top caliber companies. Simultaneously, we've been able to add contracts with such Fortune 500 clients as Ford Motor Co., Federal Express and Dana Commercial Credit Corp, a subsidiary of Dana Corp." General Motors will monitor its material handling vehicles using I.D. Systems radio frequency-based technology, enabling managers to track vehicle locations to increase plant safety, monitor regular maintenance schedules and ensure compliance with Occupational Safety and Health Administration (OSHA) guidelines for fleet drivers. Ehrman continued, "We anticipate that upon completion of the pilot program General Motors will have recorded substantial operating efficiencies within its facility. We've found that as customers experience the potential for savings in such critical areas as maintenance, operational management, OSHA compliance and plant safety, they quickly place follow-on orders for additional facility coverage." Based in New York City, I.D. Systems designs, develops and produces a wireless monitoring and tracking system that uses radio frequency technology. Its system can monitor, track, analyze and control the movement of virtually any object, including vehicles, equipment and packages. Principal customers to date include the United States Postal Service, Federal Express Corporation, Avis Rent A Car System, Inc., Ford Motor Corporation, Hallmark Cards, Inc., QVC Inc. and Dana Commercial Credit Corp. For more information on I.D. Systems, Inc., visit the company's World Wide Web site at http://www.id-systems.com. Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements may be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including uncertainties and other risks detailed from time to time in the Company's Securities and Exchange Commission filings.