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

  • TagMaster reader for the US market
    January 30, 2012
    When TagMaster launched the new XT series readers and ID-tags addressing the EPC Gen 2 specification during 2010, they were well received in the European market with a number of successful projects. A XT-2us model of this reader, designed for US specification, is now being introduced to the US market. This new reader family and ID-tags extend the TagMaster product portfolio with support for the ISO 18000-6 type C standard, called EPC Gen 2, providing automatic identification at up to 5m. According to the co
    Read More
  • Q-Free focuses on all aspects on road operations
    September 7, 2014
    As visitors to the Q-Free booth at the ITS World Congress Detroit will see, the company has transformed its portfolio, shifting from a predominant focus on tolling to cover all aspects of road operations – financing, condition monitoring, real-time management and emerging cooperative ITS applications.
    Read More
  • Econolite focuses on detection flexible technologies
    June 1, 2015
    Econolite is showcasing its line of multitasking, simple-to-install, flexible, and scalable above- and in-ground detection solutions that the company says address virtually any intersection configuration and ITS program.
    Read More
  • Cooperative infrastructure - the future for tolling?
    February 2, 2012
    Leading European tolling solution providers give a snapshot of how they think tolling's technological future will look
    Read More

Highlighted Content