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Image Sensing Systems Files $15 Million Shelf

Nov 03, 2009 (FinancialWire via COMTEX) --

Company: Image Sensing Systems, Inc. (ISNS)

(Comment on this article at http://www.financialwire.net/2009/11/03/image-sensing-systems-files-15-million-shelf/)

November 3, 2009 (FinancialWire) -- Image Sensing Systems, Inc. (NASDAQ: ISNS) said it has filed a shelf registration statement with the Securities and Exchange Commission to allow the company to offer and sell up to around $15 million of common stock in one or more public offerings.

company CEO Ken Aubrey said, "This filing is intended to give us flexibility in the capital raising process and provide us the opportunity to move quickly into the capital markets now and in the intermediate term in support of our stated acquisition strategy."

Saint Paul, Minnesota-based Image Sensing Systems is a technology company focused in infrastructure productivity improvement through the development of software-based detection solutions for the "intelligent transportation systems sector and adjacent overlapping markets.

The company's computer-enabled detection products combine embedded software signal processing with sensing technologies for use in transportation, environmental and safety and surveillance management.

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Company: Image Sensing Systems, Inc. (ISNS)


Related terms: acquisition, ceo, computer, minnesota, nasdaq, productivity, products, software, technology, transportation, web

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