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

  • Tolling companies to be investigated unlawful importation of RFID products
    January 8, 2016
    RFID solutions provider Neology, a subsidiary of SMARTRAC, has said that the US International Trade Commission (USITC) has instituted an investigation into Neology's complaint that Kapsch, Star Systems International, and Star RFID have committed unfair acts through infringement of US patents 7,119,664, 8,325,044, and 8,587,436.
    Read More
  • BOSCH LP imager
    June 21, 2012
    Bosch Security Systems has introduced Dinion capture for consistent, high-quality images of vehicle license plates at speeds up to 225 kilometers (140 miles) per hour. Using advanced optics, the company claims it obtains clear, legible plate images up to nearly 30 metres away even in dark conditions, enabling accurate vehicle identification. Available models include analogue versions or IP imagers that feature ONVIF conformance for seamless integration with customers’ existing surveillance infrastructures.
    Read More
  • Pips Technology brand comes alive at Intertraffic
    March 19, 2018
    Neology, the US-headquartered technology leader supplying private industry and governments with advanced tolling, ITS, and Automatic Number Plate Recognition (ANPR) solutions, is aiming to re-establish the Pips Technology brand and launch an innovative new ANPR camera. Pips Technology, a name traditionally synonymous with high-performance ANPR solutions, was acquired by Neology last year, along with its technology. It is a strategic acquisition that complements and strengthens Neology’s traditional core bus
    Read More
  • Britain ‘may be out of Europe but it's not out of business’ says FTA
    June 24, 2016
    Following the UK vote to leave the European Union, with votes of 52 per cent for Leave and 48 per cent for Remain, Patrick Flaherty, chief executive – UK & Ireland, AECOM, said the country faces a period of change and uncertainty and business must play a stabilising role. “A positive, long-term focus on the future is required despite a referendum result that we and many businesses did not want,” he commented. The Freight Transport Association (FTA) says coming out of union risks new costs, restrictions a
    Read More

Highlighted Content