I.D. Systems, Inc., together with its subsidiaries, develops, markets, and sells wireless machine-to-machine solutions for managing and securing enterprise assets. These assets include industrial vehicles, such as forklifts and airport ground support equipment, rental vehicles, and transportation assets, such as dry van trailers, refrigerated trailers, railcars and containers. The company’s patented systems utilize radio frequency identification (RFID), Wi-Fi, satellite or cellular communications, and sensor technology and software to address the needs of organizations to control, track, monitor and analyze their assets. Its solutions enable customers to achieve tangible economic benefits by making informed decisions that improve the safety and security of their operations. In July 2017, the company, together with its wholly-owned subsidiary, Keytroller, LLC (Keytroller), acquired primarily all of the assets of Keytroller. The business that the company acquired in the Keytroller Acquisition develops and markets electronic products for managing forklifts and construction vehicles. The company focuses its business activities on three primary business solutions, such as industrial fleet management, transportation asset management, and connected vehicle solutions. Its solution for industrial fleet management allows its customers to reduce operating risks, comply with certain safety regulations by measuring, and controlling fleet activity. This solution also improves security at industrial facilities and areas of critical infrastructure, such as airports, by controlling access to, and restricting the use of, vehicles and equipment. The company’s solution for transportation asset management allows its customers to increase revenue per asset deployed, reduce fleet size, and improve the monitoring and control of sensitive cargo. Its solutions for connected vehicles include unique Internet-of-Things projects similar to projects that the company has delivered to Avis Budget Group. In addition, its wireless solution for ‘car sharing’ enables rental car companies to establish a network of vehicles positioned strategically around cities or on corporate campuses, control vehicles remotely, manage member reservations by smart phone or Internet, and charge members for vehicle use by the hour. The company has developed a cloud-based software application called I.D. Systems Analytics (Analytics), which is designed to provide an integrated view of asset activity across multiple locations, that provides enterprise-wide benchmarks and peer-industry comparisons for key performance indicators (KPIs) relating to the performance of managed assets. It sells its solutions to both executive and division-level management within the enterprise. Its initial system deployment serves as a basis for expansion across the customer’s organization. The company works with customers to help improve the utilization and benefits of its system and demonstrates the value of enterprise-wide deployments. Post-implementation, it consults with its customers to further extend and customize the benefits to the enterprise by delivering analytics capabilities. Products and Services The company offers its customers integrated wireless solutions to control, monitor, track, and analyze their enterprise assets. Its solutions include hardware and software, as well as hosting, maintenance, support and consulting services. Industrial Truck Asset Management and Connected Vehicles Products On-Asset Hardware With various mounting and user-interface options, the company’s on-asset hardware is designed to be installed and provide an autonomous means of asset control and monitoring. The company’s on-asset hardware contains an integrated computer, programmed with a product-specific application, and an advanced wireless transceiver with a communication range of approximately one-half mile; controls equipment access with various electronic interface options; is compatible with various existing facility access security systems; generates electronic safety checklists through a built-in display and keypad; wirelessly uploads and downloads data to and from other sys
id systems inc (IDSY:NASDAQ GM)
123 Tice Boulevard
Woodcliff Lake, NJ 07677
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