HACKENSACK, N.J., and NEW YORK, Oct. 24 /PRNewswire-FirstCall/ –
I.D. Systems, Inc. (Nasdaq: IDSY) and the Port Authority of New York and New
Jersey announced today that they will be working together to deploy I.D.
Systems’ Wireless Asset Net(TM) fleet management technology on a fleet of
airport vehicles at Newark Liberty International Airport. The deployment is
pursuant to a $1,000,000 grant awarded to I.D. Systems by the Federal Aviation
Administration (FAA) and Transportation Security Administration (TSA), as
announced by I.D. Systems on July 15, 2002.
“We are looking forward to spearheading the implementation of I.D.
Systems’ vehicle security technology at Newark Airport,” said Alan Reiss,
Deputy Director-Aviation of the Port Authority of New York and New Jersey.
“It is vital to focus on security for the operations side of the nation’s
airports as well as the passenger side, and the Wireless Asset Net system
incorporates a unique set of tools to secure the large quantity of mobile
equipment that services aircraft.”
“Newark Airport is an ideal environment for the implementation of our
technology,” said Kenneth Ehrman, President and Chief Operating Officer of
I.D. Systems. “It is one of the country’s busiest aviation hubs, with a large
fleet of vehicles deployed over a wide geographic area, and its New Jersey
location is in close proximity to both the FAA Technical Center in Atlantic
City and I.D. Systems’ headquarters in Hackensack. We are also very excited
about establishing a relationship with the Port Authority, which manages the
New York area’s other major transportation hubs, including John F. Kennedy
International Airport, LaGuardia Airport, Port Newark, and the Elizabeth
Marine Terminal – all of which utilize large fleets of industrial equipment.”
The Wireless Asset Net is a multi-faceted hardware and software
communications system developed to control and monitor fleets of mobile
powered equipment. The Wireless Asset Net requires anyone who wishes to
operate a vehicle to first interface with I.D. Systems’ intelligent vehicle
hardware, which can incorporate virtually any type of electronic or biometric
identification, such as a smart card or fingerprint scanner. A user will only
be able to start a vehicle if the person is authorized for that particular
vehicle, in that particular area of the airport, at that particular time of
day. The system deployed on Port Authority vehicles at Newark Airport will
also feature new functionality developed specifically under the FAA grant to
provide important additional security benefits. At the request of the FAA,
the details of these system enhancements are being withheld as a security
Importantly for the commercial aviation industry, the Wireless Asset Net
is designed to reduce operating costs as well as improve security.
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 Archer Daniels Midland, British Airways, DaimlerChrysler, Deere & Co.,
Ford Motor Company, General Motors, Hallmark Cards, the Union Pacific
Railroad, the U.S. Navy, and the U.S. Postal Service, 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 letters and containers to forklifts and railcars-in real
time. For more information on I.D. Systems, Inc., visit http://www.id-systems.com.
About The Port Authority of New York and New Jersey
The Port Authority of New York and New Jersey operates some of the busiest
and most important transportation links in the New York metropolitan region.
They include John F. Kennedy International, Newark Liberty International,
LaGuardia and Teterboro airports; the George Washington Bridge; the Lincoln
and Holland tunnels; the three bridges between Staten Island and New Jersey;
the PATH rapid-transit system; the Downtown Manhattan Heliport; Port Newark;
the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal
on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; and the Port
Authority Bus Terminal in midtown Manhattan. The agency is financially self-
supporting and receives no tax revenue from either state. Visit the Port
Authority on line at http://www.panynj.gov.
“Safe Harbor” statement under the Private Securities Litigation Reform Act
of 1995: This press release contains forward looking statements 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 for the current fiscal year and
beyond to differ materially from those expressed in any forward looking
statements made by, or behalf of, I.D. Systems.