I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless asset management solutions, today announced that it has received a series of follow-on purchase orders from Audi AG to expand deployment of I.D. Systems’ PowerFleet™ Vehicle Management System on industrial trucks at Audi’s flagship manufacturing plant in Ingolstadt, Germany.
Associated with this expansion, I.D. Systems will integrate Audi’s existing SAP human resource management system with the PowerFleet database, so that vehicle access control parameters will be updated automatically with operator training profiles maintained in SAP.
The Audi Group, one of the world’s leading manufacturers of premium cars, including the Audi and Lamborghini brands, is a unit of Volkswagen AG, Europe’s largest auto maker. In 2008, Audi sold more than 1,000,000 vehicles, generating revenues of € 34.2 billion, with pre-tax earnings of approximately € 3.2 billion. In 2009, Volkswagen sold almost 6.3 million vehicles—a new record.
The follow-on orders for PowerFleet were released under a corporate blanket purchase order issued in 2009, which enables Volkswagen facilities, as well as Audi plants, to implement PowerFleet systems.
Wireless Vehicle Management Systems (VMS) help improve supply chain productivity by establishing accountability for the use of industrial trucks, such as forklifts, ensuring equipment is in the proper place at the right time, streamlining material handling work flow, and providing unique metrics on vehicle utilization. A wireless VMS also helps reduce fleet maintenance costs by automatically uploading vehicle data, reporting equipment problems electronically, scheduling maintenance according to actual vehicle usage rather than by calendar or manual data entry, and helping determine the optimal economic time to replace equipment. In addition, a wireless VMS helps improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle inspection checklists, and sensing vehicle impacts.
“We are gratified that Audi is expanding its use of our VMS technology and interfacing PowerFleet with its SAP employee management system,” said Peter Fausel, I.D. Systems’ executive vice president of sales. “We believe this expansion reflects the significant value PowerFleet has for Audi in its efforts to make its material handling operations safer, more cost-effective, and more productive.”
About I.D. Systems
Based in Hackensack, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems (id-systems.com) is a leading provider of wireless solutions for managing and securing high-value enterprise assets, including industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company’s patented technology, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control, track, monitor and analyze their assets.
“Safe Harbor” statement
This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, such as the Company’s outlook for 2009 financial results and prospects for additional customers and revenues. Forward-looking statements include statements with respect to the Company’s beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the Company’s control, and which may cause the Company’s actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, future economic and business conditions, the loss of any of the Company’s key customers or reduction in the purchase of its products by any such customers, the failure of the market for the Company’s products to continue to develop, the inability to protect the Company’s intellectual property, the inability to manage the Company’s growth, the effects of competition from a wide variety of local, regional, national and other providers of wireless solutions and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the year ended December 31, 2008. These risks could cause actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, the Company. The Company assumes no obligation to update the information contained in this press release, and expressly disclaims any obligation to do so.