I.D. Systems Awarded Patents for Access Control and Luggage
Handling
GlobeNewswire 2010-03-15
HACKENSACK, N.J., March 15, 2010 (GLOBE NEWSWIRE) -- I.D. Systems, Inc.
(Nasdaq:IDSY), a leading provider of wireless asset management
solutions, today announced that it has been awarded patents 7,656,271
and 7,656,273 by the U.S. Patent and Trademark Office, covering,
respectively, a system for controlling human access to mobile assets,
and a mobile portal for tracking the movements of luggage. 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 further protects I.D. Systems' intellectual property
rights against competition, which is critical strategically as the
global markets for wireless vehicle management and airport baggage
tracking grow," said Kenneth Ehrman, President of I.D. Systems.
The patented system for access control for remote mobile assets focuses
on a device that interfaces with the asset, stores key operator
authentication and authorization data, and selectively controls whether
the asset can be enabled for operation. An individual who wishes to
operate the asset must first present an identifying token; based on
defined environmental conditions and the individual's credentials,
including group affiliations, the system device enables or prevents
operation of the asset.
The patented mobile portal for tracking luggage describes baggage
handling vehicles equipped with both a radio frequency identification
(RFID) reader and a device that actuates the reader under certain
operating conditions. The system identifies RFID-tagged luggage as it
is loaded, moved, and unloaded--wherever the baggage handling vehicles
may travel. The system also compares scanned luggage to a predefined
list, such as a manifest that matches airline passengers with their
luggage. In the event of a security issue, such as a piece of luggage
being loaded without being associated with a checked-in passenger, the
system can automatically initiate security measures on the baggage
handling vehicles.
About I.D. Systems:
Based in Hackensack, New Jersey, with subsidiaries in Texas, Germany,
and the United Kingdom, I.D. Systems is a leading provider of wireless
solutions for securing, controlling, tracking, and managing high-value
enterprise assets, including vehicles, powered equipment, trailers,
containers, baggage, and cargo. The Company's patented technologies
address the needs of organizations to monitor and analyze their assets
to improve safety, security, efficiency, and productivity. For more
information, visit www.id-systems.com.
"Safe Harbor" statement:
This 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; market forecasts;
projections of earnings, revenues, synergies, accretion or other
financial information; and plans, strategies and objectives of
management for future operations, including integration plans in
connection with the acquisition. 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, 2008. 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. I.D. Systems
assumes no obligation to update the information contained in this press
release, and expressly disclaims any obligation to do so, whether as a
result of new information, future events or otherwise.
CONTACT: I.D. Systems, Inc.
Financial Press
Ned Mavrommatis, Chief Financial Officer
ned@id-systems.com
Trade Press
Greg Smith, VP Marketing
gsmith@id-systems.com
201-996-9000
Fax: 201-996-9144
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