ISS Announces Chad Stelzig as President and Chief Executive Officer

Saint Paul, Minn., March 8, 2017 -- Image Sensing Systems, Inc. (NASDAQ: ISNS) today announced that the board has appointed Chad Stelzig as permanent president and chief executive officer (CEO), effective immediately.  Mr. Stelzig previously served as interim president and CEO, and vice president of engineering.  Mr. Stelzig has been with Image Sensing Systems (ISS) since June 2011. 

“Chad’s experience and energic leadership positions him well to lead this company,” said Andrew Berger, executive chairman of the board. “The board feels that Chad has demonstrated the leadership needed to grow the company and maximize shareholder value. We are pleased to have his industry knowledge and strategic focus to return the company back to historical profitability.”

Mr. Stelzig joined ISS in 2011 as the algorithm engineering manager and moved through the organization holding positions of director of engineering, vice president of engineering, and most recently, interim president and CEO.  As vice president of engineering, Mr. Stelzig led the engineering team through the development of the next generation video product, Autoscope Vision, which the intersection detection segment has quickly adopted.  Prior to joining ISS, Mr. Stelzig worked for General Dynamics C4 systems in various engineering, research and business development roles. 

“Over the past several years we have gained a renewed focus on innovation and product development that has positioned the company to provide the detection, data analytics and software solutions required within the traffic management, adaptive control and autonomous vehicle segments,” said Chad Stelzig, president and CEO. “I am looking forward to providing the strategic leadership and company vision as we begin to realize the potential of our new algorithm, software, and hardware platforms.” 

About Image Sensing Systems

Image Sensing Systems, Inc. is a global company dedicated to helping improve safety and efficiency for cities and highways by developing and delivering above-ground detection technology, applications and solutions. We give Intelligent Transportation Systems (ITS) professionals more precise and accurate information – including real-time reaction capabilities and in-depth analytics – to make more confident and proactive decisions. We are headquartered in St. Paul, Minnesota. Visit us on the web at imagesensing.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; the mix of and margins on the products we sell; unanticipated delays, costs and expenses inherent in the development and marketing of new products and services; adverse weather conditions in our markets; the impact of governmental laws and regulations; international presence; our success in integrating any acquisitions; 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 reports and other documents filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2015 filed on March 10, 2016.

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