I.D. Systems rings NASDAQ opening bell

Company celebrates 15th year on the NASDAQ since IPO in 1999.

By ·

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 Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Latest Whitepaper
Gaining Efficiencies Through End-to-end Warehouse Automation
Warehouse and distribution center managers in B2B and B2C have never been under more pressure to scale up their operations to meet customer demands in the new, digital economy. Warehouse Automation Custom digital issue, Peerless custom Automation white paper. Warehouse Automation research papers.
Download Today!
From the September 2016 Issue
The fashion retailer has used warehouse execution software and automation to create a true omni-channel distribution center.
Lift Truck Tips: Knowledge is Power
Software system gives new facility a competitive edge
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
5 Emerging Technologies Enabling Competitive Advantage for Distribution
Come hear about the latest in each-picking robotics, co-bots, artificial intelligence, autonomous vehicles, sensors, drones and droids that are enabling competitive advantage for distribution.
Register Today!
EDITORS' PICKS
American Eagle Outfitters’ omni-channel journey
The fashion retailer has used warehouse execution software and automation to create a true...
The data-driven lift truck
Now that manufacturers and distributors are using the data from their automated systems to drive...

Destination Maternity: Destination Automation
Running short of space in its old facility, Destination Maternity Corp. built a new, highly...
Hibbett Sports: Faster, Flexible and Efficient
A high-speed conveyor and sortation system at Hibbett Sports’ Alabama distribution center speeds...