Unassociated Document
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of
Report (Date of earliest event reported): August 13, 2008
I.D.
SYSTEMS, INC.
(Exact
Name of Registrant as Specified in Charter)
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Delaware
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001-15087
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22-3270799
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(State
Or Other
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(Commission
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(IRS
Employer
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Jurisdiction
Of
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File
Number)
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Identification
No.)
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Incorporation)
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One
University Plaza, Hackensack, NJ
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07601
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
telephone number, including area code (201) 996-9000
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting
material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement
communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
8.01. Other Events
On
August
13, 2008, I.D. Systems, Inc. (the “Company”) received from Wal-Mart Stores, Inc.
(“Wal-Mart”) an order for the implementation of the Company’s Wireless Asset
Net® industrial vehicle management system at 29 additional Wal-Mart sites
located in the United States. The order brings the total number of Wal-Mart
facilities utilizing the Wireless Asset Net to 50. This order was made in
connection with the agreement between the Company and Wal-Mart, dated July
14,
2006, which sets forth the terms and conditions under which the Company has
agreed to provide, and Wal-Mart has agreed to license and/or purchase, software,
hardware and support and/or professional services associated with the Wireless
Asset Net.
Forward
Looking Statements
This
Current Report on Form 8-K contains forward-looking statements made pursuant
to
the safe harbor provisions of the Private Securities Litigation Reform Act
of
1995. Forward-looking statements typically are identified by use of terms such
as “may,” “will,” “should,” “plan,” “expect,” “anticipate,” “estimate” and
similar words, although some forward-looking statements are expressed
differently. Forward-looking statements represent our management’s judgment
regarding future events. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, the Company can
give no assurance that such expectations will prove to be correct. All
statements other than statements of historical fact included in this Current
Report on Form 8-K regarding our financial position, financial guidance,
business strategy, products, markets, plans or objectives for future operations
are forward-looking statements. The Company cannot guarantee the accuracy of
the
forward-looking statements, and you should be aware that the Company’s actual
results could differ materially from those contained in the forward-looking
statements due to a number of factors, including the statements under the
heading “Risk Factors” contained in the Company’s filings with the Securities
and Exchange Commission.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has
duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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I.D. SYSTEMS,
INC. |
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| Date: August
18, 2008 |
By: |
/s/ Ned
Mavrommatis |
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Name:
Ned Mavrommatis
Title:
Chief Financial Officer
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