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

  • Improving driver information, making in-vehicle systems a reality
    January 26, 2012
    Scott J. McCormick, president of the Connected Vehicle Trade Association, considers what we have to do next to make the more widespread deployment of automotive telematics a reality
    Read More
  • Siemens acquires Republic ITS
    March 2, 2012
    Siemens Industry has signed an agreement to acquire 100 per cent of the stock of Republic Intelligent Transportation Services, headquartered in Novato, California.
    Read More
  • Fifth annual Inrix traffic scorecard released
    May 23, 2012
    Inrix, a leading international provider of traffic information and intelligent driver services, has released its fifth Annual Inrix Traffic Scorecard revealing a startling 30 per cent drop in traffic congestion in the US in 2011. In the report, which also scores Europe, 70 of America’s top 100 most populated cities showed decreases in traffic congestion last year. The report concludes these results are indicative of a ‘stop-’n’-go economy’ where lack of employment combined with high fuel prices is keeping A
    Read More
  • Turnkey projects deliver enforcement for developing countries
    January 25, 2012
    Jenoptik Robot’s Ralf Schmitz talks about enforcement deployments in developing countries, and how those with long-established histories still have much to learn. In the enforcement sector, the concept of technology provider also being responsible for operations is hardly a new one. Nevertheless, it has gained significant traction over the last five or six years and has the potential to radically change the complexion of the industry according to Jenoptik Robot’s Director, Sales Ralf Schmitz.
    Read More

Highlighted Content