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

  • Turbo power for traffic management
    December 18, 2014
    Image Sensing Systems’ non-intrusive radar-based Autoscope RTMS Sx-300 advanced traffic sensor operates in the microwave band to provide a complete, cost-effective above-ground traffic detection solution. The device’s all-in-one concept combines a high resolution radar and a variety of communications options including wireless solutions all in a single enclosure. This sleek cabinet-free detection station is simple to integrate into any system, whether urban signal control or highway traffic management.
    Read More
  • Control rooms adapt to tech changes
    July 8, 2019
    From IP-based systems to an increasing array of choice, traffic and transit management has changed a lot in the last few years. Adam Hill talks to some of the leading players in the control room business
    Read More
  • RTMS G4 being deployed for 2010 Winter Olympics
    February 1, 2012
    Image Sensing Systems (ISS) has provided RTMS G4 radars for traffic management on the Sea to Sky Highway for the 2010 Winter Olympic Games in Vancouver, Canada.
    Read More
  • Sorting sensible from shiny in tolling technology
    December 11, 2014
    Instead of always striving for the latest shiny toys Kevin Hoeflich of HNTB advises a 10-steps method for selecting the most appropriate technology. Amid the hype and razzmatazz surrounding the launch of Apple’s iPhone 6, the company also announced its new mobile payment system, Apple Pay. Built into the new iPhone 6, Apple Pay works at 220,000 merchants across America and is supported by major US banks and the big three credit card companies.
    Read More

Highlighted Content