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

  • Europe's electronic toll service closer to operational reality
    November 7, 2012
    After much debate and delay, a unifying European Electronic Toll Service is now finally on the horizon, says ASFiNAG’s Klaus Schierhackl. Here, he talks with Jason Barnes about what that might mean. Aworkable European Electronic Toll Service (EETS) which will allow truck drivers to travel across the continent and pay tolls using a single account and OnBoard Unit (OBU) was originally timetabled to be in place and operating by October of this year. A lack of urgency from some of the stakeholders involved in t
    Read More
  • TomTom to cut costs and staff
    April 17, 2012
    TomTom has announced it is targeting substantial cost savings in 2012 through a reorganisation and reducing some 10 per cent of the workforce. A company statement said that its research and development activities will be regrouped in ten product units - maps, traffic, navigation, automotive systems, PNDs, fleet services, fitness, mobile, POIs and speedcams - in a drive to increase development efficiency and reduce time to market.
    Read More
  • ADAS ‘fastest growing sector’ in automotive field
    July 7, 2015
    According to the latest research by RnR Market Research, Advanced Driver Assistance Systems (ADAS) has been one of the fastest-growing sectors in automotive field and is expected to register a CAGR of 32 per cent during 2014-2019. Currently, developed countries in Europe and America have had nearly eight per cent of new vehicles equipped with ADAS, in contrast to about two per cent in emerging markets. It is predicted that over 25 per cent of new vehicles will carry ADAS by 2019 globally. The Global a
    Read More
  • Telematics standards need to evolve to keep up with technology
    July 30, 2012
    Scott Andrews and Scott McCormick take a look at how standards development for the telematics environment needs itself to evolve in order to stay abreast of technological advances. While the road has been somewhat arduous, telematics has evolved from a research activity to a resource for fleet operators, consumers and road management authorities.
    Read More

Highlighted Content