Ford to Upgrade I.D. Systems' Wireless Industrial Vehicle Management Technology Throughout North America

I.D. Systems, Inc. IDSY has finalized an agreement with Ford Motor Company F to upgrade its wireless industrial vehicle management systems currently deployed on fleets of material handling equipment at Ford plants across North America. I.D. Systems has received purchase orders under this agreement and will begin shipping product against these orders in the second quarter of 2011. I.D. Systems' wireless vehicle management system is designed to enhance the safety, security, maintenance, and utilization of industrial equipment. The system improves safety and security by restricting vehicle access to trained, authorized operators and providing electronic safety checklists. The system helps reduce maintenance expenses by automatically uploading vehicle data, reporting checklist issues in real time, basing maintenance schedules on actual vehicle usage rather than calendar time, and helping determine the optimal economic time to replace equipment. In addition, the system can help improve equipment utilization and reduce the total cost of fleet ownership by ensuring equipment is in the proper place at the right time and streamlining work flow.