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): February 27, 2006
I.D. SYSTEMS, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 001-15087 22-3270799
(State Or Other (Commission (IRS Employer
Jurisdiction Of File Number) Identification No.)
Incorporation)
One University Plaza, Hackensack, NJ 07601
(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))
Item 8.01. Other Events.
On February 27, 2006, I.D. Systems, Inc. (the "Registrant") issued a press
release announcing that it has received a purchase order from a large U.S.-based
car rental company to deploy the Registrant's wireless fleet management system
at a car rental facility in a U.S. airport. A copy of the press release is
attached as Exhibit 99.1.
Forward Looking Statements
This Current Report on Form 8-K, including Exhibit 99.1, 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
Registrant believes that the expectations reflected in such forward-looking
statements are reasonable, the Registrant 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
Registrant cannot guarantee the accuracy of the forward-looking statements, and
you should be aware that the Registrant'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 Registrant's filings with the Securities and Exchange Commission.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
As described above, the following Exhibit is furnished as part of this Current
Report on Form 8-K:
Exhibit 99.1 - Press release dated February 27, 2006
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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
-------------------------
Name: Ned Mavrommatis
Title: Chief Financial Officer
Date: February 27, 2006
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