I.D. Systems Receives Initial Order for 50,000 units from Avis Budget Group for Broad Deployment of its Wireless Rental Fleet Management System

I.D. Systems’ Connected Car Technologies will Enable Avis Budget Group to Extend its Industry-Leading Avis Now Service to a Larger Portion of its Fleet

WOODCLIFF LAKE, N.J., March 20, 2017 -- I.D. Systems, Inc. (NASDAQ:IDSY) and Avis Budget Group, Inc. (NASDAQ:CAR) have executed a purchase agreement for deployment of I.D. Systems’ proprietary wireless rental fleet management systems in Avis Budget’s vehicle rental fleet.

 

I.D. Systems’ wireless in-vehicle management system permits two-way data communications between a vehicle and various car rental operating systems. Combined with Avis Budget’s other existing technologies, I.D. Systems’ rental fleet management systems enables Avis Budget to rent and check-in vehicles virtually, all on a mobile device. The system provides Avis unique insights into the mileage, fuel level, and condition of a vehicle the minute it is returned to an Avis location. These capabilities significantly streamline and automate the vehicle data collection and billing process.

Cellular networks fail to connect 9-1-1 calls

 

DALLAS, March 16, 2017 -- The COPsync911™ threat-alert system enables emergency alerts to be sent from at-risk facilities such as schools, colleges and universities and hospitals to rapidly and accurately direct first responders to an emergency without using the cellular network. The system is offered by COPsync, Inc. (NASDAQ: COYN) and is being used to safeguard schools, government buildings, hospitals, colleges and other at-risk facilities in 15 states across the US.

 

Last week, a failure of cell phone service in more than a dozen states prevented callers from reaching the emergency 9-1-1 dispatch centers. This week, 9-1-1 operators were overwhelmed with "ghost calls," and real emergency calls were unable to reach life-saving services. Both of these 9-1-1 failures happened under normal cell phone usage circumstances. During an active threat or disaster, the cellular service failure could be catastrophic.

BURLINGTON, Mass., March 13, 2017  -- Bridgeline Digital, Inc. (NASDAQ:BLIN), a leader in cloud-based Web Content Management, eCommerce and Marketing Automation services announced today that one of the nation’s largest franchise system of retail shipping, postal, print and business service centers has launched a new corporate intranet powered by Bridgeline Digital’s enterprise solutions.

 

Bridgeline Digital currently powers the customer’s public facing website which supports thousands of locations nationally. This engagement includes a 3 year SaaS license with the total value of license and services over $500,000. This intranet further demonstrates the Company’s ability to expand license sales into its current customer base.  

2017-03-09 07:00 ET - News Release

 

- Fourth Quarter 2016 Results:

-- Revenue of $74.1 million up sequentially from $73.9 million in third quarter 2016

-- GAAP net loss of $(13.1) million, or $(0.25) per share, including $7.1 million of costs associated with exit activities, restructuring and impairments, including additional goodwill impairment of $1.9 million, versus third quarter 2016 GAAP net loss of $(91.3) million and GAAP net loss margin of (17.7%), or $(1.75) per share, including a $78.2 goodwill impairment

-- Adjusted EBITDA(1) of $21.6 million grew 9% sequentially, and Adjusted EBITDA margin(1) up 230 basis points to 29.1%

-- Cash Flow from Operations of $10.2 million decreased $1.3 million from third quarter 2016

-- Adjusted EBITDA less CapEx(1) of $15.3 million increased over 100% from $7.0 million third quarter 2016