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Royal Freight Selects Trailer Tracking Solution from I.D. Systems to Optimize Fleet Operations and Security - I.D. Systems, Inc. (Nasdaq: IDSY) today announced that Royal Freight, LP, has signed a five-year agreement to purchase the VeriWise™ trailer management solution from I.D. Systems’ Asset Intelligence subsidiary
Royal Freight Selects Trailer Tracking Solution from I.D. Systems to Optimize Fleet Operations and Security

 

NewswireToday - /newswire/ - Hackensack, NJ, United States, 2010/03/08 - I.D. Systems, Inc. (Nasdaq: IDSY) today announced that Royal Freight, LP, has signed a five-year agreement to purchase the VeriWise™ trailer management solution from I.D. Systems’ Asset Intelligence subsidiary.

   
 
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Royal Freight, a truckload carrier with customers throughout North America, will initially equip 750 dry van trailers with VeriWise technology.

“After testing several trailer management systems, we found the VeriWise solution to have the greatest reliability and provide the most significant return on investment for our operation,” said Bill Head, President of Royal Freight. “With VeriWise, which incorporates cargo and door sensors as well as location tracking, we can better secure and protect our customers’ cargo, in addition to proactively tracking and managing our trailers for more effective fleet utilization.”

The VeriWise solution combines sensor, wireless and web technologies to provide real-time, actionable insight into the activity of trailers and the cargo they carry. The system automatically identifies, analyzes and responds to critical delivery and security issues, giving customers the right information at the right place at the right time. By enabling greater visibility of and control over mobile assets, VeriWise helps its customers secure and streamline their transportation and logistics operations.

“We are gratified that Royal Freight found our VeriWise solution superior to other trailer management systems and determined that the value of our system justified fleet-wide deployment,” said Darryl Miller, Chief Operating Officer of I.D. Systems. “We look forward to partnering closely with the Royal Freight team to deliver significant bottom-line benefits to its operation.”

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. 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.

Asset Intelligence, a subsidiary of I.D. Systems based in Plano, Texas, is a leading provider of trailer and container tracking solutions for manufacturers, retailers, shippers and freight transportation providers. It offers a full range of solutions to improve safety, security and productivity throughout global supply chains.

“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 2008 financial results and prospects for additional customers and revenues. Forward-looking statements include statements with respect to our 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 our control, and which may cause our 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 risk 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.

 
 
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Written by / Agency / Source: I.D. Systems, Inc.

 
 

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Royal Freight Selects Trailer Tracking Solution from I.D. Systems to Optimize Fleet Operations and Security

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Publisher Contact: Todd Felker - ID-Systems.com 
972-398-7303 tfelker[.]id-systems.com
 
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