I.D. Systems Expands Relationship with Avis Budget Group with a New 75,000 Unit Order for Wireless Vehicle Technology
ID SYSTEMS (IDSY)
Last id systems earnings: 8/1 04:00 pm
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Source: GlobeNewswire
I.D. Systems Receives a New Order for 75,000 Units from Avis Budget Group for Broad Deployment of its Wireless Fleet Management SystemNew Order Will Bring Total Units Deployed with Avis Budget Group to 125,000 Since 2018New Contract Includes Additional Feature and Capability Development that will Enable Avis Budget Group to Extend its Industry-Leading App Functionality to a Larger Portion of its Fleet WOODCLIFF LAKE, N.J., Dec. 06, 2018 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (NASDAQ: IDSY) and Avis Budget Group, Inc. (NASDAQ: CAR) have executed a new purchase agreement to deploy 75,000 additional units of I.D. Systems’ proprietary wireless rental fleet management systems in Avis Budget’s vehicle fleet. I.D. Systems’ wireless in-vehicle management system permits two-way data communications between a vehicle and various car rental operating systems. Combined with Avis Budget’s other existing technologies, I.D. Systems’ rental fleet management systems enables Avis Budget to rent
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