Xerox Selects I.D. Systems' PowerKeyPLUS for Wireless Industrial Fleet Management
July 2, 2008 — I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of wireless asset management solutions, today announced that it will implement its PowerKeyPLUS™ wireless industrial vehicle monitoring system for Xerox Corporation (NYSE:XRX). The system will be deployed on a fleet of forklifts at a Xerox distribution center in Ohio. The order was facilitated by Hy-Tek Material Handling, Inc., a national provider of integrated systems solutions and an Ohio-based dealer of Yale® industrial lift trucks.
PowerKeyPLUS provides vehicle access control, safety checklists and impact sensing—the most popular functions for managing the inherent safety and maintenance issues associated with industrial vehicles.
PowerKeyPLUS is a competitively priced standalone system suitable for any fleet size, small or large. In addition, PowerKeyPLUS serves as a platform for seamless expansion to I.D. Systems' industry-leading, full-featured Wireless Asset Net® fleet management technology.
Xerox is the world's leading document management technology and services enterprise, providing the industry's broadest portfolio of color and black-and-white document processing systems and related supplies, as well as document management consulting and outsourcing services. Xerox is a Fortune 150 company, with fiscal 2007 revenues of more than $17 billion.
"We are very pleased to add another world-class company like Xerox to our growing customer base," said Peter Fausel, I.D. Systems' executive vice president of sales, marketing and customer service. "We look forward to introducing our best-practice technology to Xerox to help them manage the intrinsic safety, productivity, and operational cost issues associated with fleets of material handling vehicles."
About Wireless Industrial Vehicle Management
Wireless industrial vehicle management systems improve workplace safety and security by restricting vehicle access to trained, authorized operators, providing electronic vehicle safety inspection checklists, and sensing vehicle impacts. These systems also reduce fleet maintenance costs by automatically uploading vehicle data, reporting vehicle problems electronically, scheduling maintenance according to actual vehicle usage rather than by calendar or manual data entry, and helping determine the optimal economic time to replace equipment. In addition, wireless fleet management systems help improve productivity by establishing accountability for use of equipment, ensuring equipment is in the proper place at the right time, streamlining work flow through automated messaging, and providing management with unique metrics on—and controls over—equipment utilization.
About I.D. Systems
Based in Hackensack, New Jersey, with European business offices in Düsseldorf, Germany, 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 technology, addresses the needs of organizations to control track, monitor and analyze their assets. For more information about I.D. Systems, please visit www.id-systems.com.
About Hy-Tek Material Handling
Hy-Tek Material Handling, Inc. is celebrating its 45th anniversary as a leading integrated systems supplier, providing trucks, conveyor, storage and software solutions engineered to meet the high-productivity demands of today's economy. Hy-Tek is employee-owned and its headquarters in Columbus, Ohio, along with branches in Florence, Kentucky, Cleveland, Ohio and Indianapolis, Indiana, have completed systems projects in 40 states. For more information, please visit www.hy-tek.net.