UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 Or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 1, 2014
Image Sensing Systems, Inc.
(Exact name of registrant as specified in its charter)
Minnesota | 0-26056 | 41-1519168 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
500 Spruce Tree Centre, 1600 University Avenue West, St. Paul, Minnesota | 55104 | |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code (651) 603-7700
(Former name or former address, if changed since last report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 7 – Regulation FD
Item 7.01 Regulation FD Disclosure.
On July 3, 2014, Image Sensing Systems, Inc. issued a press release announcing that it had amended its Manufacturing, Distributing and Technology License Agreement with Econolite Control Products, Inc. The press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being “furnished” in accordance with Item 7.01 of this Current Report on Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing:
99.1 Press Release, dated July 3, 2014, of Image Sensing Systems, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 3, 2014 | Image Sensing Systems, Inc. | |
By: | /s/ Dale E. Parker | |
Dale E. Parker Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) |
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EXHIBIT INDEX
Exhibit No. | Description | ||
99.1 | Press Release, dated July 3, 2014, of Image Sensing Systems, Inc. |
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EXHIBIT 99.1
500 Spruce Tree Centre 1600 University Avenue West St. Paul, Minnesota 55104-3825 USA 651.603.7700 Fax: 651.603.7795 www.imagesensing.com |
FOR IMMEDIATE RELEASE
Contact: | Lisa Chubb Image Sensing Systems 651.603.7700 lchubb@imagesensing.com |
Image Sensing Systems and Econolite Amend Agreement
ST. PAUL, MN (July 3, 2014) – Image Sensing Systems, Inc. (ISS) (NASDAQ: ISNS) announced today that it has amended its long-time agreement with Econolite Control Products, Inc. (Econolite). As of July 14, 2014, domestic marketing and manufacturing of the Autoscope RTMS radar product line will transition from Econolite to ISS. Econolite will continue to manufacture, market and distribute ISS’ video detection products for the Americas, and both companies will work together to make this transition as seamless as possible for their customers, partners and distributors.
“We want to thank Econolite for its continued support”, said Kris Tufto, CEO of Image Sensing Systems, Inc. “As our market evolves, we continue to deepen our relationship with Econolite to deliver market leading vehicle detection solutions to alleviate traffic congestion problems.”
Autoscope RTMS is a market leader in side-fire vehicle detection radar, and the launch of ISS’s new Sx-300 continues to provide the industry with reliable detection. The Autoscope RTMS Sx-300 provides advanced vehicle detection with the accuracy needed to help keep the daily commute free of congestion. The Sx-300 provides a fully automated set-up feature that self-detects and self-calibrates detection zones, providing users with a simple and cost effective installation process. Additionally, the Autoscope RTMS Sx-300 continues to provide the industry leading Zero SetbackTM capability and offers a best in class five-year warranty.
About Image Sensing Systems
Image Sensing Systems, Inc. is a global company dedicated to helping improve safety and efficiency for cities and highways by developing and delivering above-ground detection technology, applications and solutions. We give Intelligent Transportation Systems (ITS), security, police and parking professionals more precise and accurate information – including real-time reaction capabilities and in-depth analytics to make more confident and proactive decisions. We are headquartered in St. Paul, Minnesota. Visit us on the web at imagesensing.com.
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