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

  • In-car electronics and user demand for connectivity make case for automotive Ethernet
    January 22, 2014
    According to Frost and Sullivan, the use of Ethernet technology in automotive is gaining pace in Europe and North America. The paradigm shift towards connected cars and associated services such as automotive app stores and connected location-based services is fuelling the uptake. Along with the need to integrate multiple consumer electronic devices, the importance of offering prioritised, personalised services and maintaining brand identity are compelling automotive OEMs (original equipment manufacturers) t
    Read More
  • TRL to contribute to new autonomous vehicle research programme
    October 23, 2015
    The UK’s Transport Research Laboratory (TRL) the, has announced it is part of a new US$17 million five-year research programme to develop fully autonomous cars. The programme, jointly funded by Jaguar Land Rover and the Engineering and Physical Sciences Research Council (EPSRC), will look at some key technologies and questions that need to be addressed before driverless cars can be allowed on the roads without jeopardising the safety of other road users, including cyclists and pedestrians. TRL is the on
    Read More
  • Electric bus sector is game changer for battery market
    March 4, 2016
    According to Dr Victoria Adesanya-Aworinde, technology analyst at IDTechEx, the electric bus (e-bus) market is growing at a CAGR of 20 per cent in terms of unit sales. She says the rapid growth is a game changer for the battery market as electric buses require large-sized batteries ranging from 74 kWh (fast charging e-bus) to over 300 kWh (slow charging e-bus). IDTechEx Research forecasts that the e-bus battery market will overtake the consumer electronics sector by 2020. The new IDTechEx Research repor
    Read More
  • Shift from vehicle ownership to user-ship fuels growth in vehicle leasing
    March 3, 2017
    A dynamic shift from vehicle ownership to user-ship has set the stage for double-digit, year-on-year growth in the European private vehicle leasing market, according to Frost and Sullivan researchers. Growth is augmented by customer demand for hassle-free, flexible mobility solutions. Original equipment manufacturers (OEM), leasing companies, brokers, and financial firms must focus on sustainable solutions that offer customer value while driving profits and market penetration. “Product innovation and ad
    Read More

Highlighted Content