Toyota Industrial Equipment Partners with I.D System to Deploy a New VMS
CHICAGO, IL: Toyota Material Handling, lift truck manufacturer, and I.D. System, provider of wireless solutions for the Industrial Internet of Things, have executed a strategic partnership agreement to deploy a new wireless industrial Vehicle Management System (VMS).
Marketed through the Toyota Industrial Equipment umbrella in North America, the new VMS comes under the "T-Matics" brand. Toyota's T-Matics Command VMS is powered by I.D. Systems' patented wireless technology and cloud-hosted in a secure data center. For wireless communications, the system will leverage either an end user's existing Wi-Fi network or a standalone VHF/cellular solution to enable implementation with minimal IT involvement. The system's on-vehicle hardware will be a custom version of I.D. Systems' 4th-generation "VAC4" hardware platform.
"We are delighted to enter into this strategic relationship with Toyota, the world's leading producer of industrial vehicles," says Kenneth Ehrman, I.D. Systems' chairman and CEO. "Toyota's unrivaled sales and distribution network, backed by the quality of Toyota manufacturing and armed with our unique, industry-leading VMS technology, can significantly expand the market for wireless VMS. This is an ideal opportunity for I.D. Systems to execute on one of the pillars of our growth strategy: to leverage key channel partners to drive new business, diversify our sources of revenue, and grow our recurring revenue stream. At the same time, our cloud-hosted solution should help reduce cost and effort for end users."