I.D. Systems rings NASDAQ opening bell

Company celebrates 15th year on the NASDAQ since IPO in 1999.
By Modern Materials Handling Staff
August 15, 2014 - MMH Editorial

I.D. Systems, a leading provider of wireless M2M asset management solutions, rang the NASDAQ Stock Market Opening Bell today, Friday, August 15, 2014.

“The ringing of the opening bell celebrates our 15th year on the NASDAQ since our IPO in 1999,” said Kenneth Ehrman, I.D. Systems’ chairman and CEO. “It also highlights the progress we’ve made with our new ‘I.D. Systems 2.0’ strategy, designed to produce more sustainable, predictable growth and profitability commensurate with our blue chip customer base and unique technology.”

The company’s second quarter 2014 revenues were up 22% to a record $11.4 million, driven primarily by a 41% increase in sales of the company’s industrial vehicle management systems. The company recently reported several key customer wins, including major commercial contracts for its two new transportation asset management products.

“On behalf of our new board and executive team, I would like to thank our loyal employees, customers and investors for their support that has helped I.D. Systems achieve a leadership position in the multi-billion dollar M2M space,” Ehrman continued.

The event was broadcasted from the NASDAQ’s MarketSite in New York City starting at 9:15 a.m. Eastern time. CNBC and Bloomberg TV also covered the event.



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The PMI, the ISM’s index to measure growth, fell 1.4 percent to 51.5 (a PMI of 50 or greater represents growth), declining for the fifth straight month since reaching 57.9 in October 2014. And it is 4 percent below the 12-month average of 55.5. The March PMI is at its lowest level since May 2013’s 50.1.

How the food giants integrate supply chain operations is one of the most interesting components of the recently-announced merger between H.J. Heinz Co. and The Kraft Foods Group.

The new online offering is entitled “Vessels at a Glance” and is comprised of a daily update that shows all vessels at berth and anchor within POLB, as well as the Port of Los Angeles (POLA). It also includes information relating to vessel arrival and departure dates and length of stay in Long Beach, too, along with weekly updated charts that show the number of vessels at anchor at POLB and POLA that POLB officials said illustrate trends occurring over the last six months.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in January dropped 1.2 percent to $89.3 billion.

Download our new white paper, "The ABCs of HST: Understanding the Harmonized System of Tariffs," for insights and explanations of the complex cross-border classification codes.

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond

Comments

Post a comment
Commenting is not available in this channel entry.