Image Sensing Systems to sell ANPR/LPR business to TagMaster

Image Sensing Systems (ISS) has announced the sale of its automatic number plate recognition (ANPR/LPR) business to TagMaster for the purchase price of US$4.2 million in cash. ISS has decided to shift its strategic direction and focus to the intelligent transportation systems (ITS) market by investing in its Autoscope video detection and RTMS radar detection products and solutions. As of 9 July 2015, the ANPR/LPR business, including all products and solutions, will transition to TagMaster. TagMaster was fou
July 10, 2015 Read time: 2 mins
6626 Image Sensing Systems (ISS) has announced the sale of its automatic number plate recognition (ANPR/LPR) business to 177 TagMaster for the purchase price of US$4.2 million in cash.

ISS has decided to shift its strategic direction and focus to the intelligent transportation systems (ITS) market by investing in its 6575 Autoscope video detection and RTMS radar detection products and solutions.

As of 9 July 2015, the ANPR/LPR business, including all products and solutions, will transition to TagMaster. TagMaster was founded in Stockholm, Sweden, in 1994 and is an application driven technology company that designs and markets advanced radio frequency identification (RFID) products and systems for demanding environments within the business areas of Traffic Solutions and Rail Solutions.
 
“We believe the ITS market is our core competency and is the foundation on which our company was founded,” said Dale Parker, interim chief executive officer. “The decision to sell our ANPR/LPR business allows us to focus on growing our radar and video product lines. The ITS market continues to grow, and agencies are moving away from in-ground technologies for which we believe our products are a perfect alternative. We remain committed to being market and customer-led and continue to leverage our strengths on engineering our next generation of innovative products and solutions.”

ISS will work closely with TagMaster to make sure the transition is as seamless as possible for TagMaster’s customers, partners and distributors.  The transition will begin effective immediately and will continue over the next several months.

Detection, Monitoring & Machine Vision Classification & Data Collection

For more information on companies in this article

Related Content

  • Turnkey projects deliver enforcement for developing countries
    January 25, 2012
    Jenoptik Robot’s Ralf Schmitz talks about enforcement deployments in developing countries, and how those with long-established histories still have much to learn. In the enforcement sector, the concept of technology provider also being responsible for operations is hardly a new one. Nevertheless, it has gained significant traction over the last five or six years and has the potential to radically change the complexion of the industry according to Jenoptik Robot’s Director, Sales Ralf Schmitz.
    Read More
  • Flexible rail ticketing system uses cloud computing
    November 26, 2012
    UK-headquartered IT consultancy firm Smart421 is to design, build and manage a new Live Sales Management system for Rail Settlement Plan (RSP). This system will provide the rail industry with a flexible, high availability cloud-based solution to support ticket on departure - the collection of rail tickets from self service ticket machines after purchasing them earlier on the web.
    Read More
  • Robust growth for Sensys
    August 21, 2014
    Orders from the Swedish Transport Administration (STA -Trafikverket) have contributed to Sensys Traffic’s net sales in the second quarter of 2014, which rose by 127 per cent. This robust growth was primarily fuelled by speed measurement system deliveries to the Swedish automatic safety control (ATC) stations. The orders, for monitoring systems, roadside cabinets and spare parts for speed enforcement enabled the company to deliver an operating profit of US$970,000. The company’s gross margin for the quart
    Read More
  • Developments in signal head lens technology
    February 3, 2012
    Heads and tails Leading manufacturers of traffic signal systems discuss developments in signal head technology as well as some of the legacy issues which affect future deployments Transparent model of Dambach's ACTROS.line technology, showing the bus electronics in the signal head Cowls could be superseded by the greater use of lens technology
    Read More

Highlighted Content