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WirelessDevNet.com Press Release
U.S. Postal Service Awards Contract to I.D. Systems to Integrate Material Flow Controls
HACKENSACK, N.J., Oct. 4 -- I.D. Systems, Inc.
(Nasdaq: IDSY) today announced that it has been awarded a development
contract by the United States Postal Service (USPS) to integrate automated
material flow management capabilities into I.D. Systems' Wireless Asset
Net(R) industrial vehicle management system. The contract is valued at
approximately $1.1 million, subject to certain terms and conditions, with
work expected to commence immediately.
The USPS currently utilizes I.D. Systems' Wireless Asset Net in 65
facilities and may deploy the system at additional sites under the terms of
a previous contract.
The development project defined by the new contract was conceived to
analyze certain productivity metrics of vehicle-related material handling,
forecast periodic work loads, and dynamically optimize material movement in
a distribution center environment. Through a combination of vehicle
location tracking, detection of vehicle loads, pallet scanning, and
real-time work order prioritization and dispatching, the goal of the
project is to improve overall mail delivery performance. For example, if a
mail container were at risk of missing a time-critical departure, the new
system could dynamically select and automatically dispatch the closest
available vehicle operator directly to the location of that container to
ensure its timely delivery.
"This type of product advancement fits perfectly into one of our core
market strategies -- to engage in application-specific, customer-funded
development programs that evolve our wireless solutions into pivotal,
mission- critical, business management tools that have the power to
transform distribution and manufacturing operations," said Rick Muntz, I.D.
Systems' executive vice president of sales, marketing and customer
satisfaction. "By developing transcendent technologies like this, I.D.
Systems will continue to maintain an important presence at the forefront of
the wireless asset management industry. We are proud that the Postal
Service has chosen us for this important project and we look forward to
helping the USPS achieve a new dimension in their material handling control
and efficiency."
About the Wireless Asset Net
The Wireless Asset Net consists of intelligent wireless devices
(Vehicle Asset Communicators(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.
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