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March 19, 2014
09:05 EDTIDSYI.D. Systems awarded contract valued up to $4M from U.S. Postal Service
I.D. Systems has received a contract from the U.S. Postal Service to begin to upgrade and expand the company's wireless Vehicle Management Systems, or VMS, across the USPS mail distribution network. Since awarding I.D. Systems a national contract in 2005, the USPS has deployed the company's VMS technology on more than 5,000 industrial vehicles in over 100 facilities. The new contract has an initial period of performance to September 30, with a potential value of up to $4M. This is an indefinite delivery/indefinite quantity contract, in which exact quantities, times and places of product deliveries are not known at the time of contract award. It is also a fixed price contract, with agreed upon pricing in effect for the full contract term.
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