[October 19, 2005]

I.D. Systems Named to Deloitte Technology Fast 500 List

HACKENSACK, N.J., Oct. 19 /PRNewswire-FirstCall/ -- I.D. Systems, Inc. , a leading provider of RFID-based wireless asset tracking and management systems, today announced that it has been ranked Number 147 on the 2005 Deloitte Technology Fast 500 list, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years (fiscal year revenues 2000-2004). I.D. Systems' revenue growth during that five-year period was 1,354 percent.

"That I.D. Systems is among the nation's fastest-growing companies reflects the dedication and merit of our employees as well as the effectiveness of our patented technology for wireless asset tracking and management," said Jeffrey Jagid, I.D. Systems' chairman and chief executive officer. "We remain very optimistic about our market leadership, our ability to provide unique solutions that deliver a superior return on investment for our world-class customers, and our commitment to continue delivering exceptional shareholder value."
"I.D. Systems deserves a lot of credit for its remarkable growth," said Tony Kern, deputy national managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "Making the Deloitte Technology Fast 500 is a testament to a company's commitment to technology, and with a phenomenal growth rate of more than 1,350 percent over five years, I.D. Systems has proven that its leadership has the vision and determination to grow in difficult conditions."
About I.D. Systems
Based in Hackensack, New Jersey, I.D. Systems, Inc. is a leading provider of wireless solutions for corporate asset management. I.D. Systems' customers include 3M Company, American Axle, Archer Daniels Midland, DaimlerChrysler, Deere & Co., Ford Motor Company, General Dynamics, Hallmark Cards, Northrop Grumman, Target Corporation, Walgreen Co., the U.S. Navy, the U.S. Postal Service, and the U.S. Transportation Security Administration, among others. Using local area networks, wide area networks, and the Internet, the company's systems enable management to control and track the location and status of their assets -- from forklifts and cranes to automobiles and trucks -- in real time. For more information on I.D. Systems, Inc., visit http://www.id-systems.com/.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein. Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, fluctuations in operating results and other risks detailed from time to time in I.D. Systems' filings with the Securities and Exchange Commission. These risks could cause I.D. Systems' 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.
I.D. Systems, Inc.

CONTACT: For Financial Press: Ned Mavrommatis, Chief Financial Officer,ned@id-systems.com, or For Trade Press: Greg Smith, Vice President Marketing,gsmith@id-systems.com, both of I.D. Systems, Inc., +1-201-996-9000,Fax: +1-201-996-9144

Web site: http://www.id-systems.com/

[ Back To TMCnet.com's Homepage ]

Discussions: