Image Sensing Systems reveals significant new business agreements

In announcing its first quarter results yesterday, Image Sensing Systems (ISS) also revealed that it had won significant new sales or distribution agreements. For instance, the company has won an order in excess of US$2.0 million in Eastern Europe for its Autoscope product for an urban traffic control (UTC) system. The order is expected to be substantially delivered in Q2 and Q3. The company also revealed an original equipment manufacturer (OEM) agreement with Siemens A.G. that allows Siemens to offer Autos
May 3, 2012 Read time: 1 min
RSSIn announcing its first quarter results yesterday, 6626 Image Sensing Systems (ISS) also revealed that it had won significant new sales or distribution agreements. For instance, the company has won an order in excess of US$2.0 million in Eastern Europe for its Autoscope product for an urban traffic control (UTC) system. The order is expected to be substantially delivered in Q2 and Q3.

The company also revealed an original equipment manufacturer (OEM) agreement with 189 Siemens A.G. that allows Siemens to offer Autoscope technology on a non-exclusive basis in the European market, as well as an exclusive agreement with Beijing Univaid Technology Company for the distribution of RTMS products in the People's Republic of China. Under the agreement, Univaid has made commitments to certain minimum purchase levels for the first year in excess of $1.0 million.
Detection, Monitoring & Machine Vision Urban Traffic Control

For more information on companies in this article

Related Content

  • Around 420 million connected cars expected on the road in 2018
    May 9, 2014
    According to French think tank IDATE, there will be 420 million connected cars on the road by 2018, compared to 45 million in 2013, an annual growth of 57 per cent. IDATE attributes the development of the market to European safety regulations and manufacturers looking to identify new sources of revenue.
    Read More
  • Gearing up for IntelliDrive cooperative traffic management
    February 1, 2012
    Beginning in the first quarter of 2010 it became evident that the IntelliDrivesm programme direction had been reestablished, by the USDOT's ITS Joint Program Office (JPO), after being adrift for a few years. The programme was now moving toward a deployment future and with a much broader stakeholder involvement than it had exhibited previously. By today not only is it evident that the programme was reestablished with a renewed emphasis on deployment, it is also apparent that it is moving along at a faster pa
    Read More
  • Senior Inrix appointments announced
    July 12, 2012
    Inrix, the international provider of traffic information and driver services, has announced the hiring of four industry leaders from the automotive and mobile industries to drive the company’s European business development and global marketing efforts. In addition, the company is naming former Blue Nile CEO Diane Irvine, to its board of directors.
    Read More
  • Innovation prize for satellite navigation system business ideas
    May 10, 2012
    As part of the European Satellite Navigation Competition (ESNC) 2012, the European Space Agency (ESA) is offering an Innovation Prize for the best business idea based on the use of satellite navigation systems. The agency is looking for ideas for applications that exhibit significant market potential and can be implemented shortly. The winner will receive €10,000 (US$12,940) and the chance to realise their idea at a European business incubation centre. Anyone with an innovative business idea for using sate
    Read More

Highlighted Content