New Software Launched for Bicycle Detection - Report on Image Sensing Systems

Aug 03, 2015, 09:20 ET from www.aciassociation.com

NEW YORK, August 3, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Image Sensing Systems, Inc. (NASDAQ: ISNS). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=ISNS  

Highlights from our ISNS Report include:

  • Recent software launch - On May 28, 2015, Image Sensing Systems, Inc. announced the release of its Autoscope software version 10.5.0. The Company, engaged in the development of above-ground detection and information management solutions for the Intelligent Transportation Systems (ITS) sector, informed that the recently released software version has new Autoscope Cyclescope bicycle differentiation and detection feature, thus benefitting the traffic engineers and the transportation agencies.
  • Benefits from Autoscope Cyclescope - While elaborating on the new feature, Image Sensing Systems stated that Autoscope Cyclescope not only enhances bicycle detection capability but also enables the system to differentiate between motorized systems and bicycles as they approach the junction. Additionally, Cyclescope doesn't require additional roadway markings, product purchases or equipment installations or maintenance, which together distinguishes this product.
  • Advantage to the traffic engineers - With the help of Cyclescope feature, traffic engineers can offer bicycle timings in their traffic control strategy without making much changes to the junction control configuration. For doing that, they do not even require making changes to the traffic controller. Image Sensing Systems said that transportation agencies can configure the data collection to help them demonstrate the success of their bicycle-friendly programs.
  • An update on Q1 2015 results - On May 14, 2015, Image Sensing Systems announced its results for the first quarter ended March 31, 2015. The Company recorded a flat growth in revenue at $4.34 million in Q1 2015 compared to $4.32 million in the year ago period. While revenue from royalties stood at $2.0 million, product sales contributed $2.3 million to the revenue. Product sales gross margin stood at 56% in Q1 2015, up approximately 20 percentage points, from Q1 2014 product gross margin of 37%. Commenting on the results, the Company's interim Chief Executive Officer, Dale Parker said, "During the first quarter, we saw improvement in our gross margins, despite it being our seasonally low volume quarter. In 2015, we are focused on managing profitable growth and net earnings. We are pleased with the results to date."

To find out how this influences our rating on Image Sensing Systems, Inc., read the full report in its entirety here: http://www.aciassociation.com/?c=ISNS

--

About ACI Association: 

Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:  

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.

NO WARRANTY 

ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.

RESTRICTIONS 

ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE www.aciassociation.com