WavetronixLINDON, Utah—April 03, 2006—Image Sensing Systems, Inc. (ISS), the world leader in video detection for advanced traffic management systems, and Wavetronix LLC, the world leader in patented Digital Wave Radar™ traffic sensors, have reached a business agreement to distribute and co-brand the Wavetronix SmartSensor™ in Europe as the ISS Autoscope® SmartSensor. The companies announced the agreement at the 2006 Intertraffic exhibition in Amsterdam.
Under the agreement, ISS' subsidiary, ISS Europe Ltd, will offer the Autoscope SmartSensor and the Wavetronix Command™ line of data collection and management appliances to the European transportation market through its own pre-established distribution network. By adding SmartSensor to its product line, ISS Europe Ltd complements its wide-area advanced video detection technologies with the multi-lane vehicle detection capabilities of Wavetronix's Digital Wave Radar technology.
"This agreement gives ISS Europe the opportunity to respond to projects requiring multiple, demanding detection technologies," says Graham Heywood, the managing director of ISS Europe Ltd. "Expanding our Autoscope product line to include SmartSensor improves our ability to offer a complete solution to all data collection needs on highways and motorways, using the best technologies available today."
The agreement with ISS gives Wavetronix the opportunity to introduce the Autoscope SmartSensor in Europe through a well-organized distribution channel. Michael Rose, the vice-president of sales and marketing at Wavetronix, says the agreement gives Wavetronix access to the best distribution network overseas.
"This agreement takes two companies, well-respected for their respective technologies, and creates a cohesive, solutions-oriented system offering currently unavailable in Europe's vehicle detection market," Rose says.
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About Wavetronix LLC—Wavetronix is revolutionizing the intelligent transportation industry with a full-range of ITS and traffic management solutions: the SmartSensor™ line of Digital Wave Radar traffic sensors, featuring the industry's only patented auto-configuration process; the Click!™ family of Simple Connectivity power and communication devices; and Command™ data collection and management appliances. Smarter by design, Wavetronix’ proprietary technologies are protected by U.S. Patent Nos. 6,556,916 and 6,693,557. Other U.S. and international patents are pending. Wavetronix is based in Lindon, Utah, and can be found online at www.wavetronix.com.
About Image Sensing Systems, Inc. (NASDAQ Small Cap: ISNS)—Headquartered in St. Paul, Minnesota, ISS combines expertise in image processing, hardware and software engineering and communications to develop video vehicle detection systems for traffic management and control applications. The company's Autoscope video vehicle detection system is the world leader in video detection for advanced traffic management systems for highways, tunnel incident detection, intersection control and traffic data collection. Since 1989, Autoscope systems have been supplied for more than 40,000 camera installations worldwide in more than 55 countries. ISS has an extensive network of distributors and agents in Asia, Europe and the Americas. For more information, please visit imagesensing.com or autoscope.com.
Safe Harbor Statement: Statements made in this release concerning the Company's or management's intentions, expectations, or predictions about future results or events are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management's current expectations or beliefs, and are subject to risks and uncertainties that could cause actual results or events to vary from stated expectations, which variations could be material and adverse. Factors that could produce such a variation include, but are not limited to, the following: the inherent unreliability of earnings, revenue and cash flow predictions due to numerous factors, many of which are beyond the Company's control; developments in the demand for the Company's products and services; relationships with the Company's major customers and suppliers; unanticipated delays, costs and expenses inherent in the development and marketing of new products and services; the impact of governmental laws and regulations; and competitive factors. Our forward-looking statements speak only as of the time made, and we assume no obligation to publicly update any such statements. Additional information concerning these and other factors that could cause actual results and events to differ materially from the Company's current expectations are contained in the Company's Form 10-KSB for the year ended December 31, 2005.
For more information:
Michael Rose
VP of Sales and Marketing
Wavetronix LLC
(801) 764-0277 ext. 1006
mike_rose@wavetronix.com
Craig Anderson
VP Marketing and Technical Services
Image Sensing Systems, Inc.
(651) 603-7700