Jungheinrich confirms first PowerFleet® orders
Under the new technology agreement Jungheinrich AG confirmed first orders for I.D. Systems's intelligent PowerFleet® fleet management system solutions. Please find herewith today's original press release:
I.D. Systems Ships First Orders Under Jungheinrich AG Global Technology Agreement
Grows I.D. Systems European Sales by 80%
WOODCLIFF LAKE, N.J. – September 24, 2019 -- I.D. Systems, Inc. (NASDAQ: IDSY), a leading provider of enterprise asset management and Industrial Internet of Things (IoT) technology, announced today that received initial orders from Jungheinrich after successfully delivering on all development milestones.
Per our technology partnership agreement that was announced at the beginning of this year, ID Systems worked with Jungheinrich to develop a highly integrated telemetry platform for Jungheinrich vehicles combined with sophisticated fleet management software. This technology partnership will power-up Jungheinrich customers’ ability to run safer, more cost-effective intralogistics operations.
“Our two organizations worked diligently over the past several months to beat all development milestones, train the Jungheinrich sales team and build a strong partnering foundation,” said Mark Stanton, GM of PowerFleet for Industrial. “We view our relationship as a long-term partnership and are committed to co-developing next generation platforms with with Jungheinrich and delivering the highest quality telematics products and most advanced fleet management systems in the world.”
“It’s great when a vision, combined with a plan of action and great execution help that vision become reality,” said Frank Marschatz, Service Director at Jungheinrich. “We at Jungheinrich are excited to offer our customers solutions that quickly and accurately monitor utilization, vehicle maintenance, damage, and safety compliance to accurately identify problem and improvement areas. Jungheinrich will also use the system to enhance their Material Handling Equipment maintenance and service.
"Our technical, sales, service and support teams in EMEA have been working with Jungheinrich on many customer projects over the years and we are excited to assist Jungheinrich with their successful roll-out of their new platform,” said Ute Filippone, Business Manager EMEA for I.D. Systems.
Founded in 1953, Jungheinrich ranks among the world’s leading providers of intralogistics solutions. With a comprehensive portfolio of material handling equipment, logistics systems and services, Jungheinrich is able to offer customers customized solutions for the challenges posed by Industry 4.0. The Hamburg-based Group is represented worldwide in 40 countries with its own direct sales companies and around 80 other countries through partner companies. Jungheinrich employs around 18,000 people worldwide and generated Group revenue of €3.4 billion in 2017. The Jungheinrich shares are listed on the SDAX.
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