I.D. Systems to Roll Out Trailer Fleet Management System for Leading Global Furniture Manufacturer

The Asset Intelligence subsidiary of I.D. Systems, Inc.

, a leading provider of wireless M2M asset management solutions, has executed a contract with one of the world's largest furniture makers to deploy its VeriWise™ Track and Trace trailer management system on a fleet of approximately 2,300 trailers. Financial terms were not disclosed; however, the company expects the contract to contribute to its recurring revenue stream commencing in the fourth quarter of 2014. The VeriWise Track and Trace system provides real-time GPS location data—via cellular communications and web-based software—to improve the security and efficiency of freight transportation fleets. The system is designed for quick, flexible installation on virtually any type of trailer, with patented power management technology for exceptionally long, maintenance-free battery life. "We are delighted to add one of the world's preeminent furniture producers to our customer base," said Kenneth Ehrman, chairman and CEO of I.D. Systems. "The value proposition of our Track and Trace system, with its quality, ease of installation and low maintenance, makes it a very cost-effective trailer tracking solution for large-scale logistics operations, like furniture distribution. We see this contract for our Track and Trace system as another validation of the product's unique position in the competitive marketplace."