News
Image Sensing Systems Announces Middle East Distribution Agreement with Econolite
Contacts: Erik Wood, Marketing Specialist
Image Sensing Systems, Inc., Phone: 651.603.7700
Saint Paul, MN, December 18, 2008 - Image Sensing Systems, Inc. (NASDAQ: ISNS), world leading developer of Intelligent Transportation Systems (ITS) computer-enabled detection and traffic control technology, announced today that it has reached a distribution agreement for the Middle East with Econolite Control Products, Inc. for the Autoscope machine vision family of products. Under the terms of the agreement, Econolite, the exclusive North American distributor and development partner for Autoscope, now also becomes the exclusive distributor of Autoscope products in the Middle Eastern countries of Saudi Arabia, UAE, Qatar, Bahrain and Kuwait. The agreement also includes distribution in Oman and Jordan on a project-by-project basis.
Ken Shain, VP of Sales and Marketing for Image Sensing Systems, Inc., stated, “ISS is pleased to expand our valued partnership with Econolite. This agreement will speed the deployment of Autoscope products in the rapidly growing and ITS technology-thirsty Middle East region. We believe there is a strong opportunity to enhance the region’s infrastructure with our computer-enabled detection technology.”
Ed Ehrman, Director of International Business for Econolite commented, “We are excited to sign this agreement and extend our partnership with ISS. Our experience and local presence in this region combined with the Autoscope offering will allow us to make further inroads and play a key role in improving traffic flow and safety in the region. Transportation initiatives in the Middle East are numerous and require ITS detection technologies such as Autoscope for traffic management and traffic data collection.”
About Econolite
In business since 1933, Econolite has been an innovator of transportation management solutions which include advanced traffic controllers (NEMA & ATC/2070), Aries®, icons®, Centracs™, and PYRAMIDS® traffic management systems, Autoscope® video vehicle detection systems, arterial systems masters, vehicle and pedestrian signals, traffic control cabinets, traffic data collection and network security solutions, and a full line of transportation maintenance services. Econolite is committed to employing advanced technologies that reduce traveler time, ease congestion, enhance transit operations, provide safer mobility, and improve quality of life.
Image Sensing Systems, Inc. is a technology company focused in infrastructure productivity improvement through the development of software-based detection solutions for the Intelligent Transportation Systems (ITS) sector and adjacent overlapping markets. ISS’ industry leading computer-enabled detection (CED) products, including the Autoscope® machine-vision family and the RTMS® radar family, combine embedded software signal processing with sophisticated sensing technologies for use in transportation, environmental and safety/surveillance management. CED is a group of technologies in which software, rather than humans, examines the outputs of complex sensors to determine what is happening in the field of view in real-time. With more than 90,000 instances sold in over 60 countries worldwide, our depth of experience coupled with breadth of product portfolio uniquely positions us to provide powerful hybrid technology solutions and to exploit the convergence of the traffic, security and environmental management markets. We are headquartered in St. Paul, Minnesota. Visit us on the web at http://imagesensing.com.
Safe Harbor Statement: Statements made in this release concerning the Company's or management's intentions, expectations, or predictions about future results or events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management's current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which variations could be material and adverse. Factors that could produce such a variation include, but are not limited to, the following: the inherent unreliability of earnings, revenue and cash flow predictions due to numerous factors, many of which are beyond the Company's control; developments in the demand for the Company's products and services; relationships with the Company's major customers and suppliers; unanticipated delays, costs and expenses inherent in the development and marketing of new products and services; the impact of governmental laws and regulations; and competitive factors. Our forward-looking statements speak only as of the time made, and we assume no obligation to publicly update any such statements. Additional information concerning these and other factors that could cause actual results and events to differ materially from the Company's current expectations are contained in the Company's reports and other documents filed with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2007.
