Brief: Image Sensing Systems, Inc. Announces Strategic Changes

Autoscope Technologies

29/04/2021 21:29

Image Sensing Systems Inc  ISNS.O :
    * IMAGE SENSING SYSTEMS, INC. ANNOUNCES STRATEGIC CHANGES
    * IMAGE SENSING -  BOARD APPROVED INITIATION OF A QUARTERLY
CASH
DIVIDEND TO COMMON SHAREHOLDERS OF $0.12 PER SHARE
    * IMAGE SENSING SYSTEMS INC -  BOARD APPROVED STOCK BUYBACK
PROGRAM UNDER WHICH CO MAY REPURCHASE UP TO 200,000 SHARES OF
COMMON STOCK
    * IMAGE SENSING SYSTEMS INC - NEW HOLDING COMPANY, AUTOSCOPE
TECHNOLOGIES CORPORATION, WILL BECOME NEW PARENT COMPANY OF
IMAGE SENSING SYSTEMS
    * IMAGE SENSING SYSTEMS - CURRENT EXECUTIVE CHAIRMAN, ANDREW
BERGER, WILL BE TRANSITIONING TO AUTOSCOPE TECHNOLOGIES
CORPORATION'S CEO
    * IMAGE SENSING SYSTEMS INC - REORGANIZATION IS EXPECTED TO
BE
COMPLETED BY END OF Q2 OF 2021
    * IMAGE SENSING SYSTEMS INC -  AUTOSCOPE TECHNOLOGIES
CORPORATION
WILL REPLACE IMAGE SENSING SYSTEMS AS PUBLIC COMPANY TRADING ON
NASDAQ
    * IMAGE SENSING - UNDER REORGANIZATION, EXISTING SHARES OF
CO
WOULD BE AUTOMATICALLY CONVERTED ON 1-FOR-ONE BASIS INTO SHARES
OF AUTOSCOPE TECHNOLOGIES

Source text for Eikon:  ID:nGNX3mgSCl 
Further company coverage:  ISNS.O