Image Sensing Systems reveals significant new business agreements

In announcing its first quarter results yesterday, Image Sensing Systems (ISS) also revealed that it had won significant new sales or distribution agreements. For instance, the company has won an order in excess of US$2.0 million in Eastern Europe for its Autoscope product for an urban traffic control (UTC) system. The order is expected to be substantially delivered in Q2 and Q3. The company also revealed an original equipment manufacturer (OEM) agreement with Siemens A.G. that allows Siemens to offer Autos
May 3, 2012 Read time: 1 min
RSSIn announcing its first quarter results yesterday, 6626 Image Sensing Systems (ISS) also revealed that it had won significant new sales or distribution agreements. For instance, the company has won an order in excess of US$2.0 million in Eastern Europe for its Autoscope product for an urban traffic control (UTC) system. The order is expected to be substantially delivered in Q2 and Q3.

The company also revealed an original equipment manufacturer (OEM) agreement with 189 Siemens A.G. that allows Siemens to offer Autoscope technology on a non-exclusive basis in the European market, as well as an exclusive agreement with Beijing Univaid Technology Company for the distribution of RTMS products in the People's Republic of China. Under the agreement, Univaid has made commitments to certain minimum purchase levels for the first year in excess of $1.0 million.
Detection, Monitoring & Machine Vision UTC

For more information on companies in this article

Related Content

June 25, 2012

ISS and Econolite expand partnership

Image Sensing Systems (ISS) has amended its agreement with long-time partner Econolite Control Products to expand the exclusive North American manufacturing and distribution agreement to include the RTMS radar product line. "This is the final stage in our RTMS (radar) acquisition integration process for North American sales and in conjunction with planned introduction of our hybrid product in the first quarter of 2012, aligns directly with one of our primary strategic goals; namely, a focus on organic sales
March 30, 2012

Image Sensing Systems strengthens team

Image Sensing Systems has announced that Mark S. Phillips has been appointed as the company's business development manager of CitySync automatic licence plate recognition (ALPR) products for North and South America, reporting to Dan Skites, company VP of sales and marketing. Phillips joins the company from Federal APD, parking – access control and revenue management systems, where he was a regional sales manager of the Southwestern District.
boombox1

Highlighted Content

boombox2