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

Kurt Nagle, president and CEO of the American Association of Port Authorities recently voiced his endorsement of this trade legislation

While many auto executives expect more industry recalls in 2015 and 2016, just 8 percent use advanced predictive analytics to help prevent, prepare for, and manage recalls, according to a recent online poll from Deloitte.

Purolator white paper highlights common Canadian shipping mistakes. From failing to appreciate the complexity of the customs clearance process to not realizing that Canada recognizes both French and English as its official languages, U.S. businesses frequently misjudge the complexity of shipping to the Canadian market. This often results in mistakes - mistakes that can come with hefty penalties and border clearance delays, and that can result in lingering negative perceptions among Canadian consumers.

At a certain point, it seems like the ongoing truck driver shortage cannot get any worse, right? Well, think again, because of myriad reasons we could well be in the very early innings of a game that is, and continues, to be hard to watch. That was made clear in a report issued by the American Trucking Associations (ATA), entitled “Truck Driver Analysis 2015.”

Coming off of 2014, which in many ways is viewed as a banner year for freight, it appears that some tailwinds have firmly kicked in, as 2015 enters its official homestretch, according to Rosalyn Wilson, senior business analyst at Parsons, and author of the Council of Supply Chain Management Professionals (CSCMP) Annual State of Logistics (SOL) Report at last week’s CSCMP Annual Conference in San Diego. The SOL report is sponsored by Penske Logistics.

About the Author

Josh Bond, Senior Editor
Josh Bond is Senior Editor for Modern, and was formerly Modern’s lift truck columnist and associate editor. He has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce University.


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