I.D. Systems Awarded Patents for Access Control and Luggage Handling
2010-03-16 01:58:39
Quote: The capabilities described in these patents apply particularly to I.D. Systems' wireless Vehicle Management Systems (VMS) for managing fleets of industrial trucks, rental vehicles, and airport ground support equipment. These systems are used by leading manufacturers, distributors, retailers, rental companies, and airlines to improve safety, security, efficiency, and productivity in their day-to-day operations. "This award adds to our portfolio of more than a dozen patents issued and pending, and...
Read articleI.D. Systems Reports Financial Results for Fourth Quarter and Fiscal Year 2009
2010-03-15 08:26:18
Quote: Excluding the inventory reserve charge, gross margin for the period was 50%.Revenues for the year ended December 31, 2009, were $10.3 million, compared to $27.0 million for 2008, and net loss for 2009 was $13.2 million, or ($1.20) per basic and diluted share, compared to net loss of $4.2 million, or ($0.38) per basic and diluted share, for 2008.Excluding the aforementioned acquisition costs, inventory reserve charge, and $2.2 million in stock-based compensation, non-GAAP net loss for the year wa...
Read articleI.D. Systems Reports Financial Results for Fourth Quarter and Fiscal Year 2009
2010-03-11 03:09:18
Quote: Excluding the inventory reserve charge, gross margin for the period was 50%.Revenues for the year ended December 31, 2009, were $10.3 million, compared to $27.0 million for 2008, and net loss for 2009 was $13.2 million, or ($1.20) per basic and diluted share, compared to net loss of $4.2 million, or ($0.38) per basic and diluted share, for 2008.Excluding the aforementioned acquisition costs, inventory reserve charge, and $2.2 million in stock-based compensation, non-GAAP net loss for the year wa...
Read articleQ4 2009 I.D. Systems Earnings Release - After Market Close
2010-03-11 03:09:18
Quote: Read articleI.D. Systems, Inc. Q4 2009 Earnings Call Transcript
2010-03-11 03:09:16
Quote: I.D. Systems, Inc. (IDSY)
Q4 2009 Earnings Call
March 10, 2010 4:45 pm ET
Executives
Jeffrey Jagid – Chairman and CEO
Ned Mavrommatis – CFO, Treasurer and Secretary
Darryl Miller – COO of Asset Intelligence LLC
Ken Ehrman – President and COO
Analysts
Morris Ajzenman – Griffin Securities
Matthew Hoffman – Cowen
Brian Ruttenbur – Morgan Keegan
Walter Schenker – Titan Capital
Larry Litton – Second Line Capital
Presentation
Operator
Good...
Read articleID SYSTEMS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2010-03-11 03:09:16
Quote: Results of Operations and Financial Condition.
On March 10, 2010, I.D. Systems, Inc. (the "Registrant") issued a press release
regarding results for the fourth quarter and year ended December 31, 2009. A
copy of the press release is being furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
The information in this report is being furnished pursuant to Item 2.02 of Form
8-K, insofar as it discloses historical information regarding the Registrant's
results of operations and fin...
Read articleRoyal Freight Selects Trailer Tracking Solution From I.D. Systems to Optimize Fleet Operations and Security
2010-03-10 06:16:05
Quote: NasdaqIDSYNews) today announced that Royal Freight, LP has signed a five-year agreement to purchase the VeriWise(TM) trailer management solution from I.D. Systems' Asset Intelligence subsidiary. Royal Freight, a truckload carrier with customers throughout North America, will initially equip 750 dry van trailers with VeriWise technology."After testing several trailer management systems, we found the VeriWise solution to have the greatest reliability and provide the most significant return on inve...
Read articleRoyal Freight Selects Trailer Tracking Solution From I.D. Systems to Optimize Fleet Operations and Security
2010-03-09 06:27:24
Quote: NasdaqIDSYNews) today announced that Royal Freight, LP has signed a five-year agreement to purchase the VeriWise(TM) trailer management solution from I.D. Systems' Asset Intelligence subsidiary. Royal Freight, a truckload carrier with customers throughout North America, will initially equip 750 dry van trailers with VeriWise technology."After testing several trailer management systems, we found the VeriWise solution to have the greatest reliability and provide the most significant return on inve...
Read articleAudi Expands Deployment of I.D. Systems' PowerFleet(TM) Wireless Vehicle Management System
2010-03-03 01:05:53
Quote: IDSYNews), a leading provider of wireless asset management solutions, today announced that it has received a series of follow-on purchase orders from Audi AG to expand deployment of I.D. Systems' PowerFleet(TM) Vehicle Management System on industrial trucks at Audi's flagship manufacturing plant in Ingolstadt, Germany.Associated with this expansion, I.D. Systems will integrate Audi's existing SAP human resource management system with the PowerFleet database, so that vehicle access control parame...
Read articleI.D. Systems, Inc. to Announce Q4 2009 Financial Results on March 10, 2010
2010-03-03 01:05:52
Quote: I.D. Systems, Inc. is sending out this release regarding Q4-2009 to comply with Federal Regulations FD.
http://www.id-systems.com. Any questions should be directed in advance to ir@id-systems.com.
Date: March 10, 2010Time: 4:45 PM ET
Listen via Internet:
Schedule this webcast into MS-Outlook calendar (click open when prompted):http://apps.shareholder.com/PNWOutlook/t.aspx?m=41186&k=DAD2258E
Telephone: (877) 307-1379
The conference call will be archived at the I.D. Systems website for app...
Read articleI.D. Systems, Inc. to Announce Q4 2009 Financial Results on March 10, 2010
2010-03-02 04:48:01
Quote: I.D. Systems, Inc. is sending out this release regarding Q4-2009 to comply with Federal Regulations FD.
http://www.id-systems.com. Any questions should be directed in advance to ir@id-systems.com.
Date: March 10, 2010Time: 4:45 PM ET
Listen via Internet:
Schedule this webcast into MS-Outlook calendar (click open when prompted):http://apps.shareholder.com/PNWOutlook/t.aspx?m=41186&k=DAD2258E
Telephone: (877) 307-1379
The conference call will be archived at the I.D. Systems website for app...
Read articleAudi Expands Deployment of I.D. Systems' PowerFleet(TM) Wireless Vehicle Management System
2010-03-02 04:48:01
Quote: IDSYNews), a leading provider of wireless asset management solutions, today announced that it has received a series of follow-on purchase orders from Audi AG to expand deployment of I.D. Systems' PowerFleet(TM) Vehicle Management System on industrial trucks at Audi's flagship manufacturing plant in Ingolstadt, Germany.Associated with this expansion, I.D. Systems will integrate Audi's existing SAP human resource management system with the PowerFleet database, so that vehicle access control parame...
Read articleI.D. Systems shares rise after purchase of GE unit
2010-02-26 04:08:20
Quote: NEW YORK (AP) -- Shares of I.D. Systems shares rose Friday after the company announced it had bought a shipment-tracking business from General Electric Co.The shares rose 13 cents, or 4 percent, to $3.42 in Friday afternoon trading.I.D. Systems announced after the close of markets Thursday that it would pay $15 million to $17 million for GE's Asset Intelligence unit, which provides technology to help manufacturers and retailers track trailers and containers during shipping.The company, which mak...
Read articleI.D. Systems Acquires GE Asset Intelligence
2010-01-26 03:35:55
Quote: Under this agreement, TFS will treat Asset Intelligence as a preferred supplier and market Asset Intelligence's products and services to its customers.
In accordance with business purchase accounting rules, I.D. Systems will recognize revenue from Asset Intelligence's existing service contracts, but is not permitted to recognize deferred revenue from previous hardware sales. Based on this accounting methodology, I.D. Systems expects that Asset Intelligence will contribute $12-15 million to its ...
Read articleNestle Waters North America Initiates Roll Out of Wireless Vehicle Management Technology from I.D. Systems
2010-01-26 03:35:55
Quote: IDSYNews), a leading provider of wireless asset management solutions, today announced that Nestle Waters North America has initiated a series of follow-on purchase orders to implement I.D. Systems' PowerFleet(TM) Vehicle Management System (VMS) on fleets of industrial trucks at six plants in the United States. Nestle Waters initially deployed the system at two sites during the second and third quarters of 2009. The orders were placed by I.D. Systems' strategic marketing partner NACCO Materials H...
Read articleI.D. Systems, Inc. to Host Investor Conference Call to Discuss Acquisition of Asset Intelligence LLC, a Business Unit of General Electric Co.
2010-01-26 03:35:54
Quote: on:
Date: Friday, January 8thTime: 8:30 am ETToll Free Dial-in: 888-587-0613Please call 10 minutes prior to start-time
Listen via Internet: http://investor.shareholder.com/media/eventdetail.cfm?mediaid=40405&c=IDSY&mediakey=60F377F6BDB3397A8FC89EF938CB2574&e=0
Schedule this webcast into MS-Outlook calendar (click open when prompted): http://apps.shareholder.com/PNWOutlook/t.aspx?m=40405&k=02013B75
Jeffrey Jagid, Chairman & CEO of I.D. Systems, Inc., Ned Mavrommatis, CFO of...
Read articleAmerican Eagle Expands Deployment of I.D. Systems' AvRamp(R) Wireless Vehicle Management System
2010-01-26 03:35:53
Quote: IDSYNewsAMRNews), to expand deployment of I.D. Systems' AvRamp(R) Wireless Vehicle Management System on a fleet of aircraft ground support equipment (GSE) at Chicago's O'Hare International Airport. The order follows American Eagle's initial implementation of the AvRamp system on a large fleet of GSE at Dallas/Fort Worth International Airport (DFW) in 2009.The AvRamp system -- which was developed in part through funding from the Transportation Security Administration, and which is TSA- and FAA-ap...
Read articleI.D. Systems shares rise after purchase of GE unit
2010-01-26 03:35:53
Quote: NEW YORK (AP) -- Shares of I.D. Systems shares rose Friday after the company announced it had bought a shipment-tracking business from General Electric Co.The shares rose 13 cents, or 4 percent, to $3.42 in Friday afternoon trading.I.D. Systems announced after the close of markets Thursday that it would pay $15 million to $17 million for GE's Asset Intelligence unit, which provides technology to help manufacturers and retailers track trailers and containers during shipping.The company, which mak...
Read articleID SYSTEMS INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Dispositi
2010-01-14 03:16:26
Quote: Item 1.01Entry into a Material Definitive Agreement.
On January 7, 2010, I.D. Systems, Inc. (the "Registrant") entered into a
Membership Interest Purchase Agreement (the "Purchase Agreement") with General
Electric Capital Corporation ("GECC") and GE Asset Intelligence, LLC ("GEAI"),
pursuant to which the Registrant acquired GEAI's telematics business (the
"Business") through the purchase of 100% of the membership interests of Asset
Intelligence,...
Read articleAmerican Eagle Expands Deployment of I.D. Systems' AvRamp(R) Wireless Vehicle Management System
2010-01-12 03:06:45
Quote: IDSYNewsAMRNews), to expand deployment of I.D. Systems' AvRamp(R) Wireless Vehicle Management System on a fleet of aircraft ground support equipment (GSE) at Chicago's O'Hare International Airport. The order follows American Eagle's initial implementation of the AvRamp system on a large fleet of GSE at Dallas/Fort Worth International Airport (DFW) in 2009.The AvRamp system -- which was developed in part through funding from the Transportation Security Administration, and which is TSA- and FAA-ap...
Read article