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 2, 2006
I.D. SYSTEMS, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 001-15087 22-3270799
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(State Or Other (Commission (IRS Employer
Jurisdiction Of File Number) Identification No.)
Incorporation)
One University Plaza, Hackensack, NJ 07601
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(Address of Principal Executive Offices) (Zip Code)
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):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 8.01. OTHER EVENTS.
I.D. Systems, Inc. (the "Company") has entered into an agreement in the
ordinary course of business with Wal-Mart Stores, Inc. ("Wal-Mart") that
describes the terms and conditions under which the Company will provide, and
Wal-Mart will license and/or purchase, software, hardware and support and/or
professional services associated with the Company's Wireless Asset Net fleet
management system for industrial vehicles. The agreement defines detailed terms
and conditions for system purchase, specifications and acceptance, shipping and
delivery, prices and payment, licenses, warranty, support and service, and other
considerations, including pricing for both multi-facility and enterprise-wide
system deployments. The agreement has an initial term of five years and
subsequent automatic 12-month renewal periods. Under the terms of the agreement,
the Company shall deliver products and services upon receipt of purchase orders
from Wal-Mart.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
I.D. SYSTEMS, INC.
By: /s/ Ned Mavrommatis
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Name: Ned Mavrommatis
Title: Chief Financial Officer
Date: August 2, 2006
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