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

  • Ray Lam appointed as MD of Flow Traffic
    April 17, 2012
    Image Sensing Systems (ISS) has announced that Ray Lam has been appointed as managing director of the company’s Flow Traffic Limited subsidiary which is headquartered in Hong Kong.
    Read More
  • New ANPR solutions overcome variables
    May 18, 2018
    The sheer range of variables makes it difficult to find a single algorithm to ensure a 100% standard of ANPR. David Crawford investigates new processing technology. Automatic number plate recognition (ANPR), using optical character recognition and image-processing to identify vehicles, plays key roles in traffic monitoring and law enforcement, access and parking control, electronic toll collection, vehicle security and crime deterrence. Overall, system performance is well rated, with high levels of
    Read More
  • ISS expands cloud offerings with CitySync RaaS
    June 27, 2014
    Image Sensing Systems has launched its first software-only product, CitySync Recognition as a Service (RaaS), a solution which gives any and all businesses and governments the power to use and access the state-of-the-art CitySync licence plate recognition (LPR) engine. CitySync RaaS is an annual service that provides organisations with a fast, accurate automated licence plate recognition engine. This stand-alone solution can be implemented into any size organisation or infrastructure without the need fo
    Read More
  • Autoscope Duo unveiled
    May 2, 2012
    Econolite and Image Sensing Systems have unveiled Autoscope Duo, a first in a new generation of hybrid sensor technologies. The device converges the robust capabilities of radar and video and uses intelligent decision logic to monitor the current operating conditions and to combine the best of radar with the best of video data, continuously, lane-by-lane and second-by-second. According to the partners, these two sensor technologies lead to signicant performance improvements and provide the highest accurac
    Read More

Highlighted Content