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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
I.D. Systems, Inc.
Type
Public
Traded as NASDAQ: IDSY
Industry Communications Equipment
SIC Code: 3669
Founded 1993 (1993)
Headquarters Woodcliff Lake, New Jersey, United States
Area served
Worldwide
Key people
Chris Wolfe, CEO
Ned Mavrommatis, CFO
Products PowerFleet®, VeriWise™, IQ Analytics, AvRamp®
Revenue US$ 36 million (2016)
Number of employees
>100 (2017)
Website www.id-systems.com

I.D. Systems, Inc. is an American company headquartered in Woodcliff Lake, New Jersey, that produces wireless asset management systems for industrial trucks, rental vehicles, and transportation assets. The company utilizes wireless communication technologies—including radio frequency identification (RFID), Wi-Fi, ultrahigh-frequency (UHF), satellite, and cellular—as well as sensor technology and proprietary software to manage high-value corporate assets, such as forklifts, airport ground support equipment, rental vehicles, dry van trailers, chassis, refrigerated trailers, flatbeds, railcars, and intermodal containers.

I.D. Systems was founded in 1993 by Kenneth S. Ehrman. [1] The company introduced the use of radio frequency identification (RFID) technology for industrial asset tracking and management. In 1995, I.D. Systems was awarded a $6.6 million contract from U.S. Postal Service (USPS) to develop and implement a tracking system for test letters and packages. I.D. Systems went public on the NASDAQ in 1999.

In 2005, I.D. Systems received a three-year contract from the U.S. Postal Service to implement its Wireless Asset Net, a wireless industrial vehicle management system, at 460 USPS facilities nationwide. According to Jeffrey Jagid, the company's former chairman and CEO, this project is a key milestone both in the company's relationship with USPS and in mass commercialization of the company's wireless technology.

In 2009, I.D. Systems acquired didBOX Ltd., a privately held, United Kingdom-based manufacturer and marketer of driver identification systems for forklift fleets. The acquisition made didBOX a wholly owned subsidiary of I.D. Systems, broadened I.D. Systems' product line, and expanded sales of the company's vehicle management solutions in the European market. In 2010, I.D. Systems acquired GE Asset Intelligence, LLC, a business unit of the General Electric Company, which provides trailer and container tracking solutions for manufacturers, retailers, shippers, and freight transportation companies. The acquisition expanded the scope of I.D. Systems' product line and complemented its portfolio of wireless asset management patents.

In 2017, I.D. Systems acquired Keytroller, a privately held, Florida-based manufacturer and marketer of safety systems for industrial lift trucks. https://globenewswire.com/news-release/2017/07/11/1042701/0/en/I-D-Systems-to-Acquire-Keytroller-Strengthening-Its-Position-in-Industrial-Truck-Management-Market-and-Overall-Growth-Outlook.html

I.D. Systems' solutions consist of hardware, software, maintenance, support, and consulting services. The solutions can be divided into three categories: industrial vehicle management, transportation asset management, and rental fleet management.

I.D. Systems' industrial vehicle management systems are used by manufacturers, distributors, retailers, government entities, and other organizations with powered industrial trucks (forklifts, tow tractors, pallet jacks, etc.) to monitor and evaluate fleet operations, track vehicle movement, and manage vehicle operators. The system consists of four elements: a wireless computer installed on the vehicle, wireless communication nodes placed within the facility, system software hosted either on site or in a remote data center, and user software configured in either a client-server or thin-client (Internet browser-based) architecture. Data may be transmitted by any combination of Wi-Fi, cellular or UHF wireless technologies.

The company offers three systems for industrial vehicle management. didBox™ is a non-wireless system for driver identification. PowerBox™ and PowerFleet® are wireless systems with functions ranging from operator access control, electronic safety checklists, and impact management to location tracking, battery management, maintenance scheduling, and task dispatching.

The company's customers in the industrial vehicle management market include Ford Motor Company, Nestlé North America, Procter & Gamble, Toyota, and Walmart (which accounted for 15% of the company's 2012 revenues).

I.D. Systems provides a variation of its industrial vehicle management system designed specifically for ground support equipment (pushback tractors, baggage tugs, cargo loaders, catering vans, fuel trucks, etc.) and other vehicles that operate in and around airports.

This system, branded AvRamp®, was developed with funding from the U.S. Transportation Security Administration (TSA) and tested by the TSA at Newark Liberty International Airport and the JAXPORT seaport in Jacksonville, Florida. According to a 2005 TSA report, "The Newark Liberty International Airport (EWR) Vehicle Tracking Demonstration—Wireless Fleet Management System," I.D. Systems' technology accurately located vehicles and enhanced the security of aircraft fuel trucks and other maintenance vehicles.

The company's customers in the airport vehicle management market include Envoy Air and American Airlines.

I.D. Systems' Asset Intelligence subsidiary provides asset management solutions for the freight transportation industry under the VeriWise™ brand. The VeriWise™ product line includes a range of telematics solutions for tracking the location and monitoring the condition and status of dry van trailers, refrigerated trailers ("reefers"), flatbeds, chassis, containers, and railcars.

For managing fleets of dry van trailers and containers, the company offers a product called VeriWise™ Track and Trace™ for location tracking, a cargo sensor to monitor load status, and a motion sensor to detect trailer movement. The company also offers a temperature sensor to monitor the condition of reefers and an impact sensor to track collisions of railcars.

To manage these transportation assets, VeriWise™ products leverage satellite and cellular communications and web-based data processing technologies. Users access the information about their assets through a remotely hosted website called VeriWise™ Internet Portal (VIP), which generates reports and displays tabular data and a Google map interface.

The company's customers in the transportation asset management market include FAB Express, Forward Air, Freymiller, National Retail Systems, and Royal Freight.

In 2011, I.D. Systems and Avis Budget Group signed an exclusive agreement to deploy I.D. Systems' wireless vehicle management technology on more than 25,000 Avis Budget vehicles, enabling Avis customers to self-manage their rentals by computer or smartphone. The technology can also automate and expedite the rental and return process, track vehicle mileage, measure fuel consumption, and remotely control a vehicle's door locks. In February 2013, the company was awarded its second patent (patent number 8370268) for an automated wireless rental car management system.

In 2012, the company launched I.D. Systems Analytics, a set of web-based data reporting software tools. Analytics provides visibility into the performance of industrial assets across multiple facilities and geographies. The data enables users to evaluate individual facility performance, compare facilities side-by-side, and assess performance against industry-wide benchmarks, built on the company's database.

Initial adopters of this product include Walgreen Company.

Investment goal date:
Dividends reinvested
I.D. Systems, Inc. IDSY report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-07
--
--
Q4 2017
2018-03-05
--
--
Q4 2017
2018-02-28
--
--
Q3 2017
2017-11-09
--
--
Q3 2017
2017-11-09
0.0200
-0.0400
Q2 2017
2017-08-03
0.0100
-0.0400
Q1 2017
2017-05-04
-0.0800
-0.1400
Q4 2016
2017-03-02
-0.0600
-0.1600
Q3 2016
2016-11-09
-0.1100
-0.1600
Q2 2016
2016-08-04
-0.0600
-0.1200
Q1 2016
2016-05-05
0.0000
-0.0500
Q4 2015
2016-03-02
-0.0300
-0.0800
Q3 2015
2015-11-04
-0.1000
-0.1500
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
AMERICAN CAPITAL MANAGEMENT INC
68800
ARDSLEY ADVISORY PARTNERS
141242
BARD ASSOCIATES INC
126680
BlackRock Inc.
415346
BlackRock Institutional Trust Company, N.A.
376278
BRIDGEWAY CAPITAL MANAGEMENT INC
105000
CANNELL CAPITAL LLC
1199190
CONNORS INVESTOR SERVICES INC
45808
DIMENSIONAL FUND ADVISORS LP
323226
Emancipation Management LLC
1893848
GEODE CAPITAL MANAGEMENT, LLC
52851
GRUBER & MCBAINE CAPITAL MANAGEMENT LLC
60000
RENAISSANCE TECHNOLOGIES LLC
173615
RMB Capital Management, LLC
194167
Vanguard Group, Inc
362427
Major Shareholders
Name Relationship
Total Shares
Holding stocks
MILLER LLOYD I III
8.9800% (1101678)
MONACO MICHAEL P
0.4100% (50466)
ECPG / IDSY /
EHRMAN KENNETH S
5.1100% (627151)
IDSY /
MAVROMMATIS NED
1.3400% (164321)
IDSY /
JAGID JEFFREY M
3.4700% (425920)
IDSY /
BURSTEIN LAWRENCE S
0.4300% (52852)
IDSY /
EHRMAN MICHAEL L
2.6500% (325224)
IDSY /
Copperman Harold D
0.7400% (90352)
IDSY / MERU /
CASEY MICHAEL J
0.3500% (42522)
IDSY / SLTC /
Fausel Peter M
1.0700% (131798)
IDSY /
Brodsky Michael
0.6900% (84674)
IDSY / LOV / SLTC /
Emancipation Management LLC
14.7600% (1812293)
IDSY / SABA /
MILLER DARRYL
0.3000% (36324)
IDSY /
Farrell Robert
0.0700% (8474)
IDSY /
Kilpatrick Brett
0.3800% (46682)
IDSY /
Brakebill Kenneth Warren
0.6000% (73192)
IDSY /
Trousset Tony
0.2200% (27610)
IDSY /
Konezny Ronald
0.5900% (72379)
DGII / IDSY /
Ellis Norman
0.8000% (98016)
IDSY /
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