I.D. Systems to Provide Fleet Management System For DaimlerChrysler
10 January 2000
I.D. Systems, Inc. to Provide Automated Fleet Management System For DaimlerChryslerThree Largest Auto Makers in U.S. Now All I.D. Systems Clients NEW YORK, Jan. 10 -- I.D. Systems, Inc. announced today that its automated fleet tracking and management system has been specified for installation at DaimlerChrysler's Warren Stamping plant in Warren, MI. This initial order, covering 175 material handling vehicles, was placed at the direction of DaimlerChrysler Corporation by Yale Materials Handling-Michigan, Inc., one of the largest material handling equipment distributors serving the automotive industry. DaimlerChrysler is the third major automotive manufacturer to specify I.D. Systems' asset management technology for industrial vehicles. During 1999, the Ford Motor Company placed initial and follow-on orders to implement the Company's systems at its Michigan Truck plant in Wayne, MI, and Advanced Manufacturing Technology Division facility in Redford, MI. In late 1999, General Motors awarded the Company a competitive bid contract to implement a pilot system at its Doraville, GA, assembly plant. Ken Ehrman, President of I.D. Systems, said, "This new order is significant primarily because it reaffirms the highly desirable functionality and cost benefits of I.D. Systems' automated fleet tracking and management system. We are very pleased that another world-class company will be utilizing our technology, and we are confident that our work with DaimlerChrysler will lead to additional significant opportunities for growth." Based in Stuttgart, Germany, and Auburn Hills, MI, DaimlerChrysler operates plants in 34 countries around the world. DaimlerChrysler automotive brands include Mercedes, Jeep, Chrysler, Plymouth, and Dodge. Based in New York City, I.D. Systems, Inc. designs, develops, and produces a wireless monitoring and tracking system that uses radio frequency technology. The system can monitor, track, analyze, and control the movement of virtually any object, including vehicles, equipment, and packages. Principal customers to date include Dana Commercial Credit Corp., Federal Express Corporation, Ford Motor Company, General Motors Corp., Hallmark Cards, Inc., QVC Inc., and the U.S. Postal Service. 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.