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I.D. Systems Receives Additional $2.6 Million in U.S. Postal Service Orders Under National Contract to Deploy Wireless Vehicle Management Systems

I.D. Systems Receives Additional $2.6 Million in U.S. Postal Service Orders Under National Contract to Deploy Wireless Vehicle M

HACKENSACK, N.J., Oct. 18 /PRNewswire-FirstCall/ -- I.D. Systems, Inc. today announced that it has received orders from the U.S. Postal Service (USPS) to deploy the company's Wireless Asset Net(TM) powered industrial vehicle management system at nine additional USPS facilities. These orders increase the number of USPS facilities deploying the Wireless Asset Net to 22. Under the terms of the USPS' three-year national contract with I.D. Systems, up to 460 USPS facilities can order the Wireless Asset Net system.

The nine new facility orders are valued at approximately $2.6 million.

"We are beginning to see the adoption rate within the Postal Service approach our expectations, and we are confident our comprehensive wireless solution for managing their powered industrial vehicles will continue to provide significant benefit for the Postal Service," said Rick Muntz, I.D. Systems' executive vice president of sales, marketing and customer satisfaction. "We are fortunate to have gained significant experience in managing these types of enterprise roll outs with some of our previous industrial and commercial customers."

About The Wireless Asset Net(TM)

The Wireless Asset Net consists of intelligent wireless devices installed on powered industrial vehicles (such as fork trucks and pallet movers), a patented communication infrastructure, and client-server software for access control, utilization analysis, real-time location tracking, and many other functions. The system is designed to improve industrial workplace safety and security by restricting vehicle access to trained, authorized operators and by providing electronic safety inspection checklists. The system is designed to reduce maintenance expenses by automatically uploading vehicle data, reporting vehicle problems in real time, giving management the option of scheduling maintenance according to actual vehicle usage rather than on a calendar basis, and helping plant management determine the optimal economic time to replace equipment. The system is also designed to help improve productivity by ensuring equipment is in the proper place at the right time and by providing management with unique reports on vehicle utilization.

About I.D. Systems

Based in Hackensack, New Jersey, I.D. Systems, Inc. is a leading provider of wireless solutions for corporate asset management. I.D. Systems' customers include 3M Company, American Axle, Archer Daniels Midland, DaimlerChrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. Using local area networks, wide area networks, and the Internet, the company's systems enable management to control and track the location and status of their assets - from forklifts and cranes to automobiles and trucks to complex fixed machinery - in real time. For more information on I.D. Systems, Inc., visit http://www.id-systems.com/.

Trademarks

I.D. Systems, Inc. and Wireless Asset Net are registered or pending trademarks of I.D. Systems, Inc.

"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, fluctuations in operating results and other risks detailed from time to time in I.D. Systems' filings with the Securities and Exchange Commission. These risks could cause I.D. Systems' actual results to differ materially from those expressed in any forward looking statements made by, or on behalf of, I.D. Systems. I.D. Systems assumes no obligation to update the information contained in this press release.

I.D. Systems, Inc.

CONTACT: For Financial Press, Ned Mavrommatis, Chief Financial Officer,
[email protected], or For Trade Press, Greg Smith, Vice President Marketing,
[email protected], both at +1-201-996-9000, or fax, +1-201-996-9144, both
of I.D. Systems, Inc.

Web site: http://www.id-systems.com/

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