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I.D. Systems Receives Additional $5.6 Million in U.S. Postal Service Orders Under National Contract to Deploy Wireless Vehicle Management Systems

I.D. Systems Receives Additional $5.6 Million in U.S. Postal Service Orders Under National Contract to Deploy Wireless Vehicle M

HACKENSACK, N.J., April 3 /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 16 additional USPS facilities. These orders increase the number of USPS facilities deploying the Wireless Asset Net to 38. 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 16 new facility orders are valued at approximately $5.6 million.

"We are very excited to see the Postal Service continue their adoption of our technology and we are confident that our comprehensive wireless solution for managing their powered industrial vehicles will continue to provide significant benefits for the USPS," said Rick Muntz, I.D. Systems' executive vice president of sales, marketing and customer satisfaction. "We are committed to provide strong products and solutions for the wireless management of industrial vehicle fleets."

About The Wireless Asset Net(TM)

The Wireless Asset Net consists of intelligent wireless devices (the Vehicle Asset Communicator(R)) 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, NJ, I.D. Systems, Inc. is a leading provider of wireless solutions for managing and securing high-value enterprise assets. These assets include industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. The Company's patented Wireless Asset Net system, which utilizes radio frequency identification, or RFID, technology, addresses the needs of organizations to control track, monitor and analyze their assets. 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: Financial Press: Ned Mavrommatis, Chief Financial Officer,
[email protected], or Trade Press: Greg Smith, Vice President Marketing,
[email protected], both of I.D. Systems, +1-201-996-9000

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

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