Fortune 500 Logistics Provider Expands Use of I.D. Systems' VeriWise(TM) Container Tracking Systems
WOODCLIFF LAKE, N.J., April 24, 2012 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (IDSY), a leading provider of wireless solutions for securing, tracking and managing high-value enterprise assets, has executed a multi-year contract with one of the world's leading logistics service providers to deploy its VeriWise" Track & Trace system across a fleet of intermodal containers. The total contract value is approximately $330,000.
VeriWise Track & Trace provides real-time asset location and status data to improve the efficiency and security of trailer and container fleets. It is designed for quick, flexible installation on a wide range of cargo-carrying assets, with patented power management to provide exceptionally long battery life and years of maintenance-free operation.
The logistics provider acquired the VeriWise system to optimize its investment in a new fleet of intermodal containers. The system will track container locations and provide web-based reports to optimize fleet pooling and dispatching. VeriWise Track & Trace will also dynamically update the status of in-transit loads and proactively identify and correct any gaps in customer service expectations.
"The reliable effectiveness of our Track & Trace product drives significant operational efficiencies and customer service benefits for logistics companies," said Darryl Miller, Chief Operating Officer of I.D. Systems. "The ease and quality of our device installation was also critical for this customer. With a large fleet of intermodal containers that travel by both truck and rail, the system had to be installed cost effectively, yet survive reliably through every conceivable kind of environmental condition."
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, baggage, 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 .
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CONTACT: For Financial Press Ned Mavrommatis, CFO email@example.com 201.996.9000 For Trade Press Todd Felker, EVP Marketing firstname.lastname@example.org 972.398.7303Source: I.D. Systems, Inc. 2012 GlobeNewswire, Inc.