Image Sensing Systems Announces Two Additions to European Distribution Network
Contacts: Craig A. Anderson, Vice President Marketing & Technical Services
Image Sensing Systems, Inc., Phone: 651.603.7700
Saint Paul, Minn., January 15, 2003 - Image Sensing Systems, Inc. (ISS) (NASDAQ Small Cap: ISNS) announced today that it has added two exclusive distributors in Europe to sell and service its market leading Autoscope vehicle detection system products.
Joining the Autoscope distribution network are SWARCO Group of Mr. Manfred Swarovski and Zaklad Zabezpieczenia Ruchu Drogowego Sp.z.o.o. (ZZRD). SWARCO, based in Austria, will market and distribute Autoscope products throughout Denmark, Finland, and Sweden. ZZRD will market and distribute Autoscope products throughout its homeland, Poland.
Graham Heywood, Managing Director of ISS European Operations said today, “The addition of these two outstanding companies expands our global marketing and distribution network to a total of 21 companies who are focused on providing cost-effective traffic management solutions and support to our customers. We believe that partnering with companies that can provide strong local support is the key to our success, and we continue to pursue this strategy on a global basis with a full range of both products and services.”
Stephan Wabneger, Chairman of the board of SWARCO NORGE AS in Oslo said today, “We are excited to enter a relationship with the market leader in the field of video detection and tracking equipment. Their outstanding products will greatly enhance the value we deliver to our customer and bring us a major step forward in our strategy in Scandinavia."
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) for freeway and tunnel incident detection, intersection control, and traffic data collection. The Company’s cornerstone Autoscope products provide traffic managers the means to reduce roadway congestion, improve roadway planning, and improve cost efficiencies. Image Sensing Systems, Inc. and Flow Traffic Ltd. are particularly suited to provide technical solutions to the growing intelligent transportation systems markets worldwide. imagesensing.com.
Safe Harbor Statement: This release contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. There are certain factors that could cause results to differ materially from those anticipated by some of the statements made, as listed in the Company’s 2001 Annual Form 10-KSB.
