Image Sensing Systems, Inc. Receives Orders From Hong Kong Police and Hong Kong Tramway System
Contact:
William L. Russell, Chairman & CEO
Image Sensing Systems, Inc., Phone: 651.603.7700
Saint Paul, Minn., August 16, 1999 - Image Sensing Systems, Inc. (NASDAQ/Small Cap: ISNS), a maker of video-based traffic management systems, announced today that its Hong Kong based subsidiary, Flow Traffic Limited, has received orders for the supply of vehicle weighing equipment to the Hong Kong police as well as track switching equipment for the Hong Kong island tramway system. The value of these orders exceeds $500,000.
Johan Billow, General Manager of Flow Traffic Limited, commented, “Recent contract awards in Hong Kong are the results of persistent marketing effort and superior products. We are constantly improving our product portfolio, most recently with the addition of the Supaweigh vehicle weighing system for the UK based manufacturer, Central Weighing Limited. We believe this system has the potential to become the market leader in dynamic vehicle weighing.”
Flow Traffic Limited, which is an Asian regional distributor of traffic control products manufactured by international traffic companies, was acquired by ISS in April 1999. Flow Traffic is currently setting up a technical support office in Bangkok, Thailand as well as a representative office in Shenzhen, China.
Image Sensing Systems' Autoscope® wide area video vehicle detection system collects a broad range of traffic data including volume, speed, roadway occupancy, headways, ramp queue lengths and vehicle classification. ISS has more than 2,900 Autoscope systems installed in 30 countries around the world, including a large number of U.S. sites.
Based in Saint Paul, Minnesota, Image Sensing Systems, Inc. is the world leader in products applying video imaging technology for implementation in advanced traffic management systems (ATMS), freeway incident detection and traffic data collection to help reduce traffic congestion and improve roadway planning. The Company's cornerstone Autoscope products provide traffic managers the means to reduce roadway congestion, improve roadway planning and increase cost efficiencies. The Company is particularly suited to provide technical solutions to the emerging ITS market worldwide.
Statements regarding the Company’s anticipated performance for 1999 are forward-looking and therefore involve risk and uncertainties, including but not limited to: the ability and willingness of governmental agencies responsible for roadway planning to invest in Autoscope machine vision technology for advanced traffic management, the impact of new products introduced by competitors, higher than expected expenses to establish a worldwide marketing presence and the ability of the Company’s North American manufacturing and distribution partner, Econolite Control Products, Inc., to adequately manufacture and effectively market the Autoscope system and to pay royalties owed the Company for sales of the Autoscope system.
