Shain Hired as VP of Sales and Marketing at Image Sensing Systems, Inc.
Contacts: Erik Wood, Marketing Specialist
Image Sensing Systems, Inc., Phone: 651.603.7700
Saint Paul, MN, November 17, 2008 - Image Sensing Systems, Inc. (NASDAQ: ISNS), world leading developer of Intelligent Transportation Systems (ITS) computer enabled detection technology, announced the hiring of Kenneth S. Shain as the company’s Vice President of Sales and Marketing. Mr. Shain will report to Kenneth R. Aubrey, company President and CEO.
Mr. Shain’s experience consists of more than 25 years domestic and international management experience in the development, sales, marketing, channel and product management of information technology products and services. This includes significant successful leadership through multiple start-ups, turnarounds and concurrent mergers, acquisitions, and divestitures.
Ken Aubrey, President and CEO, stated, “ISS is fortunate to gain the employment and leadership of Ken Shain. His executive background and numerous successes along with a strong technical aptitude provide an excellent foundation to lead our sales and marketing effort forward.”
Mr. Shain’s track record includes executive level positions at a number of technology companies, including CEO of Mensi, Inc. from 1999-2001; President of Cyco International, Inc. from 1995-1998; and Chairman, President and CEO of Geovision, Inc. from 1985-1993. During his tenure at Geovision, Mr. Shain launched the desktop mapping industry and pioneered both the use of Windows and CD-ROM in GIS applications. At Mensi, Inc., Mr. Shain globalized a 3D sensor manufacturer and commercialized its products for resale while he positioned the company for acquisition. Mr. Shain holds a BA from the University of Massachusetts Amherst.
Image Sensing Systems, Inc. is a technology company focused in infrastructure productivity improvement. This takes the form of software-based detection solutions for the Intelligent Transportation Systems (ITS) sector and adjacent overlapping markets. ISS’ industry leading computer enabled detection (CED) products, including the Autoscope® machine-vision family and the RTMS® radar family, combine embedded software signal processing with sophisticated sensing technologies for use in transportation, environmental and safety/surveillance management. CED is a group of technologies in which software, rather than humans, examines the outputs of complex sensors to determine what is happening in the field of view in real-time. With more than 90,000 instances sold in over 60 countries worldwide, our depth of experience coupled with breadth of product portfolio uniquely positions us to provide powerful hybrid technology solutions and to exploit the convergence of the traffic, security and environmental management markets. 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; 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 reports and other documents filed with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2007.
