Woodcliff Lake, NJ, February 15, 2011—I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless asset management solutions, today announced that the United States Postal Service (USPS) has awarded I.D. Systems a national contract extension for industrial vehicle management technology. The USPS has deployed I.D. Systems’ solutions at more than 100 postal distribution facilities over the past five years. The contract extension, which runs through December 31, 2011, is a fixed-price, indefinite-quantity instrument, which does not define exact quantities, times, or places of product deliveries, but which streamlines USPS’ ordering process with I.D. Systems.
In conjunction with the contract extension, the USPS placed purchase orders with I.D. Systems to implement its wireless industrial vehicle management system at two mail distribution facilities in Virginia.
“We are very pleased to continue providing our best-practice wireless vehicle management solutions to the USPS, which has been one of our best customers over the past five years,” said Jeffrey Jagid, I.D. Systems’ chairman and chief executive officer. “We look forward to helping the Postal Service continue achieving greater material handling efficiency, lower operating costs, and a safer distribution environment.”
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.