HACKENSACK, N.J., /PRNewswire-FirstCall via COMTEX/ -- I.D. Systems, Inc. (IDSY) announced that it has finalized a purchase contract with Walgreen Co. (WAG) under which I.D. Systems' Wireless Asset Net(TM) industrial fleet management system will be implemented on material handling fleets at two Walgreens distribution centers. Both deployments are expected to be completed this year.
"We are very pleased that Walgreens, our first customer in the retail drug market, has selected I.D. Systems to provide our wireless solutions for material handling fleet management," said Ken Ehrman, I.D. Systems president and chief operating officer. "We believe that since another Fortune 100 company, a leader in its industry, has invested in the Wireless Asset Net, especially in the current economic environment, is a testament to the positive impact our technology can make on the safety, efficiency, and profitability of our customers' operations. We look forward to expediting the initial system deployments with Walgreens and building on the partnership in the future."
The Wireless Asset Net is designed to improve workplace safety and security by restricting industrial vehicle access to trained and authorized operators (as required by OSHA) and providing electronic safety inspection checklists. The system is designed to reduce maintenance expenses by automatically uploading vehicle data, reporting problems identified on checklists in real time, scheduling maintenance according to actual vehicle usage rather than on a calendar basis, and helping management determine the optimal economic time to replace equipment. The system is also designed to improve productivity by ensuring equipment is in the proper place at the right time and by providing management with unique reports on vehicle utilization.
I.D. Systems, Inc. is a provider of wireless solutions for corporate asset management. For more information, visit www.id- systems.com.