I.D. Systems Ships First Shipments Under Jungheinrich AG Global Technology Agreement
ID SYSTEMS (IDSY)
Last id systems earnings: 8/1 04:00 pm
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Source: GlobeNewswire
WOODCLIFF LAKE, N.J., Sept. 24, 2019 (GLOBE NEWSWIRE) -- I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, announced today that it received initial orders from Jungheinrich after successfully delivering on all development milestones. Per our technology partnership agreement that was announced at the beginning of this year, ID Systems worked with Jungheinrich to develop a highly integrated telemetry platform for Jungheinrich vehicles combined with sophisticated fleet management software. This technology partnership will power-up Jungheinrich customers’ ability to run safer, more cost-effective intralogistics operations. “Our two organizations worked diligently over the past several months to beat all development milestones, train the Jungheinrich sales team and build a strong partnering foundation,” said Mark Stanton, GM of PowerFleet for Industrial. “We view our relationship as a long-term partn
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