Woodcliff Lake, N.J. — February 10, 2016 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management technology and solutions for the Industrial Internet of Things, has secured a one-year warranty renewal contract with a leading global retail customer. The contract, in excess of $850,000, will extend the warranty on both hardware and software for the customer's Vehicle Management Systems deployed in their regional distribution centers worldwide.
Kenneth Ehrman, chairman and CEO of I.D. Systems, stated: "This key customer and partner of I.D. Systems for more than 10 years has harnessed our VMS technology as a best practice for improving its fleet safety and compliance, reducing material handling costs and increasing supply chain productivity. We are very pleased to continue providing this customer with extended warranty coverage and the highest level of customer service and support to ensure our VMS provides the value they have come to rely on for the year ahead."
About I.D. Systems, Inc.
Headquartered in Woodcliff Lake, New Jersey, with subsidiaries in Texas, Germany, and the United Kingdom, I.D. Systems is a leading global provider of wireless solutions for securing, controlling, tracking, and managing high-value enterprise assets, including industrial vehicles, rental cars, trailers, containers, and cargo. The company's patented technologies address the needs of organizations to monitor and analyze their assets to increase efficiency and productivity, reduce costs, and improve profitability. For more information, visit www.id-systems.com.