I.D. Systems rings NASDAQ opening bell
Company celebrates 15th year on the NASDAQ since IPO in 1999.
in the NewsState of Logistics 2016: Pursue mutual benefit California’s ports may face new political pressures during “Peak Season” CEMA forecasts 7.5% growth in conveyor industry for 2017 Schneider National officially rolls out IPO U.S.-NAFTA freight up again in January, reports BTS More News
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!
Lawson Products: Automation that fits Lawson’s multi-purpose distribution center View More From this Issue