Autoscope Technologies (AATC) Sells RTMS Assets

Autoscope Technologies Corporation (OTCQX: AATC) (Autoscope) announced today that Image Sensing Systems, Inc. (ISS), a wholly-owned subsidiary of Autoscope, has closed on its sale of all of the assets related to its RTMS radar detection product line to Sensys Networks, Inc. (Sensys Networks), a U.S. subsidiary of TagMaster AB, on August 31, 2023 for approximately $4.8 million in cash. The sale price is subject to certain customary post-closing adjustments that are expected to be immaterial and completed during the fourth quarter of 2023. Autoscope announced the signing by ISS and Sensys Networks of a definitive agreement for the sale of the RTMS radar detection product line in Autoscope’s press release dated August 28, 2023.

ISS is a leading provider of above-ground detection and information management solutions for the Intelligent Transportation Systems (ITS) sector. ISS’s industry-leading Autoscope video detection solutions provide highly accurate and reliable intersection, highway, wrong-way detection and transportation data solutions.

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