Image Sensing Systems Announces Agreement Expansion
Image Sensing Systems, Inc., a wholly owned subsidiary of Autoscope Technologies Corporation (OTCQX: AATC), announced on March 30, 2026, the execution of an Eighth Modification to its Manufacturing, Distribution, and Technology License Agreement with Econolite Control Products, Inc., according to GlobeNewswire PE. This modification adds the Autoscope® OptiVu product to the licensed portfolio while maintaining the existing revenue-sharing structure.
Details of the Modification
The Eighth Modification incorporates the Autoscope® OptiVu product into the agreement’s licensed portfolio. Both companies reaffirmed their commitment to explore new technical initiatives, focusing on advancing innovation in traffic management solutions. This builds on their long-standing partnership, as stated in the announcement.
Executive Perspective
Andy Markese, President and CEO of Image Sensing Systems, commented that the expansion reflects the strength of the partnership with Econolite and expressed anticipation for building on joint success to deliver technology solutions for transportation agencies and communities. According to GlobeNewswire PE, this collaborative approach underscores their shared goals.
About Autoscope Technologies
Autoscope Technologies Corporation is a global company dedicated to improving safety and efficiency for cities and highways through above-ground detection technology and solutions. The company is headquartered in Minneapolis, Minnesota, and operates a website at www.autoscope.com. As a widely known player in intelligent transportation systems, Autoscope provides real-time data and analytics for decision-making in the sector.
