I.D. Systems’ PowerFleet® for Logistics Equips Entire Samuel Coraluzzo & Torrissi Transport Fleet
2019年8月19日 - 9:00PM
I.D. Systems, Inc. (NASDAQ:
IDSY), a leading provider of
enterprise asset management and Industrial Internet of Things (IoT)
technology, has deployed upgraded in-cab technology for the entire
fleet of Samuel Coraluzzo & Torrissi Transport, a recognized
industry leader in hauling oil across the U.S. east coast.
Integrating their latest PowerFleet technology offering, the
LV9000 asset-tracking solution, into the Samuel Coraluzzo &
Torrissi Transport operating system has delivered a 360-degree,
“real time” view of their business that improves employee
productivity and helps deepened customer satisfaction by reducing
problems and enables taking proactive measures before problems
occur.
The I.D. Systems PowerFleet ELD compliant system is a robust,
technically-advanced in-cab installation that is specifically
designed to manage logistics and transportation fleets. I.D.
Systems has been working with Samuel Coraluzzo & Torrissi
Transport since 2007 to accelerate the transformation of its
logistics information architecture in support of the company’s
business objectives: increased visibility, reduced material
handling costs and improved overall operational agility.
“We were excited that we didn’t need to upgrade our entire
operating system in order to uncover an unprecedented level of
‘always-on’ transparency,” explained Samuel Coraluzzo &
Torrissi Transport President, Robert Penza. “I.D. Systems worked
with us to integrate their top-of-the-line PowerFleet LV9000 into
our existing platform in a way that expedites the mandated
reporting we share with our customers.”
Norm Thomas, General Manager of PowerFleet for Logistics,
commented: “There was really no need to replace Samuel Coraluzzo
& Torrissi Transport’s existing technology architecture.
Whenever we can partner with our customers and bring them a proven
and tested custom-integrated solution, it’s truly a win for all
involved. Helping our customers achieve increased accountability,
operational efficiencies and save money.”
About I.D. Systems Headquartered in Woodcliff
Lake, New Jersey, with subsidiaries in Florida, Texas, Germany, and
the United Kingdom, I.D. Systems provides its suite of PowerFleet
wireless IoT solutions around the globe for securing, controlling,
tracking, and managing high-value enterprise assets such as
industrial vehicles, rental cars, trailers, containers, and cargo.
The Company’s patented technologies address the needs of
organizations to monitor and analyze their assets to increase
efficiency and productivity, reduce costs, and improve
profitability. I.D. Systems will be rebranded as PowerFleet
(Nasdaq: PWFL) following the close of its acquisition of Pointer
Telocation. For more information, please visit
www.powerfleet.com.
Cautionary Note Regarding Forward-Looking
StatementsThis press release contains forward-looking
statements within the meaning of federal securities laws.
Forward-looking statements include statements with respect to I.D.
Systems’ beliefs, plans, goals, objectives, expectations,
anticipations, assumptions, estimates, intentions, and future
performance, and involve known and unknown risks, uncertainties and
other factors, which may be beyond I.D. Systems’ control, and which
may cause its actual results, performance or achievements to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. All statements other than statements of historical fact
are statements that could be forward-looking statements. For
example, forward-looking statements include statements regarding:
prospects for additional customers; potential contract values;
market forecasts; projections of earnings, revenues, synergies,
accretion or other financial information; emerging new products;
and plans, strategies and objectives of management for future
operations, including growing revenue, controlling operating costs,
increasing production volumes, and expanding business with core
customers. The risks and uncertainties referred to above include,
but are not limited to, future economic and business conditions,
the loss of key customers or reduction in the purchase of products
by any such customers, the failure of the market for I.D. Systems’
products to continue to develop, the possibility that I.D. Systems
may not be able to integrate successfully the business, operations
and employees of acquired businesses, the inability to protect I.D.
Systems’ intellectual property, the inability to manage growth, the
effects of competition from a variety of local, regional, national
and other providers of wireless solutions, and other risks detailed
from time to time in I.D. Systems’ filings with the Securities and
Exchange Commission, including its annual report on Form 10-K for
the year ended December 31, 2018. These risks could cause actual
results to differ materially from those expressed in any
forward-looking statements made by, or on behalf of, I.D. Systems.
Unless otherwise required by applicable law, I.D. Systems assumes
no obligation to update the information contained in this press
release, and expressly disclaims any obligation to do so, whether a
result of new information, future events, or otherwise.
I.D. Systems Company Contact:Craig
MontgomerySVP Strategy, Business Development, and
Marketingcmontgomery@id-systems.com571-436-1774
I.D. Systems Media Contact:Monika HathawayNorth
6th Agencyidsystems@n6a.com212-334-9753
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