I.D. Systems’ LV Series Platform Selected as a Heavy Duty Trucking Magazine Top 20 Product for 2018
14 Février 2019 - 2:00PM
I.D. Systems, Inc. (NASDAQ: IDSY), a
leading provider of enterprise asset management and Industrial
Internet of Things technology
, has been named
a recipient of Heavy Duty Trucking’s Top 20 Products of 2018 Award
for its
LV Asset and Cargo Visibility Series (LV
Series), a suite of products that raises the bar in technologies
targeting the logistics industry.
Each year, Heavy Duty Trucking editors attend press
conferences and review an array of news releases on the latest new
products for trucking that have appeared in the magazine or on the
Truckinginfo.com website. At year’s end, they identify the very
best of the year’s introductions for
the Top 20 Products, which are chosen based on the
level of innovation, ability to address significant industry
issues, and potential benefit to the bottom line.
I.D. Systems’ LV Series is a line of sophisticated
asset-tracking and telemetry products that offer new ways to access
more than asset location and sensor data but also monitor the cargo
inside the trailer or container. In addition, there’s Lucy ®, an
interactive voice-user interface for accessing operational and
analytical data to assist with making better decisions. The LV
Series offers significant benefits that include: optimizing driver
efficiency, identifying underutilized assets, reducing idle times,
faster turns, and verifying trailer and cargo status before hook-up
– all of which improve productivity and the driver’s quality of
work-life. I.D. Systems debuted the LV series in October 2018 at
the American Trucking Associations’ Management Conference and
Exhibition.
“We are proud to be recognized by Heavy Duty Trucking for our
team’s vision, engineering and development,” said Chris Wolfe, CEO
of I.D. Systems. “This recognition attests that we our achieving
our mission to deliver products that help the industry become
safer, more efficient and help make a driver’s work-life
easier.”
Norman Thomas, GM for I.D. Systems’ Logistics Visibility group,
added: “With our recent acquisition of CarrierWeb we will be
expanding our logistics visibility capabilities into the cab and
onto refrigerated trailer systems – enabling Lucy ® to assist with
our customer’s entire operations.”
The Top 20 Product winners will be published in the magazine’s
February issue, and awards will be presented during individual
ceremonies at the Technology & Maintenance Council annual
meeting in Atlanta on March 18-21, 2019.
To learn more about I.D. Systems, visit
www.id-systems.com/. For more information on the
company’s Logistics Visibility Solutions, visit
www.logistics-visibility.com/.
About I.D. Systems Headquartered in Woodcliff
Lake, New Jersey, with subsidiaries in Texas, Florida, Germany, and
the United Kingdom, I.D. Systems is a leading global provider of
wireless M2M solutions for securing, controlling, tracking, and
managing high-value enterprise assets such as 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.
Cautionary Note Regarding Forward-Looking
Statements This press release contains forward looking
statements within the meaning of federal securities laws.
Forward-looking statements include statements with respect to I.D.
Systems’ beliefs, plans, goals, objectives, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond I.D. Systems’ control, and which
may cause its 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. For
example, forward-looking statements include statements regarding:
prospects for additional customers; potential contract values;
market forecasts; projections of earnings, revenues, synergies,
accretion or other financial information; emerging new products;
and plans, strategies and objectives of management for future
operations, including growing revenue, controlling operating costs,
increasing production volumes, and expanding business with core
customers. The risks and uncertainties referred to above include,
but are not limited to, future economic and business conditions,
the loss of key customers or reduction in the purchase of products
by any such customers, the failure of the market for I.D. Systems’
products to continue to develop, the possibility that I.D. Systems
may not be able to integrate successfully the business, operations
and employees of acquired businesses, the inability to protect I.D.
Systems’ intellectual property, the inability to manage growth, the
effects of competition from a variety of local, regional, national
and other providers of wireless solutions, and other risks detailed
from time to time in I.D. Systems’ filings with the Securities and
Exchange Commission, including its annual report on Form 10-K for
the year ended December 31, 2017. These risks could cause actual
results to differ materially from those expressed in any
forward-looking statements made by, or on behalf of, I.D. Systems.
Unless otherwise required by applicable law, I.D. Systems assumes
no obligation to update the information contained in this press
release, and expressly disclaims any obligation to do so, whether
as a result of new information, future events or otherwise.
I.D. Systems Contacts:Ned Mavrommatis, CFO
ned@id-systems.com201-996-9000
Mike Hardman, Hardman Groupmike@hardmangrp.com330-285-4141
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