Image Sensing Systems Announces Eighth Modification to Agreement
Image Sensing Systems, Inc., a wholly owned subsidiary of Autoscope Technologies Corporation (OTCQX: AATC), executed an Eighth Modification to its Manufacturing, Distribution, and Technology License Agreement with Econolite Control Products, Inc., on March 30, 2026, according to GlobeNewswire PE. The amendment adds the Autoscope® OptiVu product to the licensed portfolio under the existing revenue-sharing structure. Both companies reaffirmed their commitment to explore new technical initiatives in traffic management solutions.
Details of the Partnership Expansion
The Eighth Modification builds on the existing agreement by incorporating the Autoscope® OptiVu product, as stated in the announcement. Andy Markese, President and CEO of Image Sensing Systems, noted that this expansion reflects the strength of their long-standing partnership with Econolite. The companies aim to advance innovation in traffic management, according to GlobeNewswire PE. Autoscope Technologies focuses on developing above-ground detection technology for Intelligent Transportation Systems.
Company Background
Autoscope Technologies Corporation is headquartered in Minneapolis, Minnesota, and specializes in providing precise information for ITS professionals through its detection technology and solutions. Image Sensing Systems operates as its subsidiary, according to the press release. The company delivers technology that benefits transportation agencies and communities, as mentioned in the statement from Markese.
Forward-Looking Commitments
The announcement includes a reaffirmation from both companies to explore new technical initiatives, reinforcing their focus on traffic management innovation, according to GlobeNewswire PE. This aligns with Autoscope’s dedication to improving safety and efficiency in transportation systems.
