Ford Expands Use of I.D. Systems' Industrial Vehicle Management Technology in Europe and North America
WOODCLIFF LAKE, N.J., Jan. 19, 2012 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (IDSY), a leading provider of wireless solutions for tracking, securing and managing high-value enterprise assets, today announced it will be working with Ford Motor Company to expand its deployment of I.D. Systems' wireless Vehicle Management System (VMS) on industrial trucks in Europe and North America.
In Europe, I.D. Systems' VMS is being launched or expanded at Ford plants in the UK, Romania, and Spain, with account and project management provided by I.D. Systems' subsidiary, I.D. Systems GmbH.
In North America, Ford is continuing an enterprise-wide upgrade of I.D. Systems' technology that commenced in 2011, with the latest generation of I.D. Systems' VMS being implemented at multiple plants in Mexico and the United States.
I.D. Systems' VMS is designed to enhance the safety, security, maintenance, and utilization of industrial equipment. The system improves safety and security by restricting vehicle access to trained, authorized operators and providing electronic safety checklists. It helps reduce maintenance expenses by automatically uploading vehicle data, reporting checklist issues in real time, basing maintenance schedules on actual vehicle usage rather than calendar time, and helping determine the optimal economic time to replace equipment. In addition, the system can help improve equipment utilization and reduce the total cost of fleet ownership by ensuring equipment is in the proper place at the right time and streamlining work flow.
"We are gratified by our continued strong relationship with Ford," said Jeffrey Jagid, I.D. Systems chairman and CEO. "We look forward to helping Ford stay at the forefront of best practices in supply chain management with our best-in-class wireless industrial vehicle management technology."
About I.D. Systems:
Based in Woodcliff Lake, New Jersey, with subsidiaries in Germany and the United Kingdom, I.D. Systems is a leading provider of solutions for securing, controlling, tracking, and managing high-value enterprise assets, including vehicles, powered equipment, trailers, containers, and cargo. The Company's patented technologies address the needs of organizations to monitor and analyze their assets to improve safety, security, efficiency, and productivity. For more information, visit www.id-systems.com .
"Safe Harbor" statement:
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CONTACT: For Financial Press Ned Mavrommatis Chief Financial Officer firstname.lastname@example.org Phone: 201-996-9000; Fax: 201-996-9144 For Trade Press Greg Smith VP Marketing email@example.comSource: I.D. Systems, Inc. 2012 GlobeNewswire, Inc.