Image Sensing Systems, Inc. Announces Recovery of Auction Rate Securities Principal at Par
January 07 2009 - 4:00PM
PR Newswire (US)
SAINT PAUL, Minn., Jan. 7 /PRNewswire-FirstCall/ -- Image Sensing
Systems, Inc. (NASDAQ:ISNS) announced today that it has completed
the sales of all its auction rate securities (ARS) at par. As of
September 30, 2008, we held $5.4 million (par) of ARS which were
originally purchased through Credit Suisse and UBS. In November
2008, Credit Suisse purchased $1.4 million of our ARS at par and on
January 2, 2009, UBS purchased the remaining $4.0 million of our
ARS at par. (Logo:
http://www.newscom.com/cgi-bin/prnh/20050512/CGISSLOGO) About Image
Sensing Systems Image Sensing Systems, Inc. is a technology company
focused in infrastructure productivity improvement through the
development of software-based detection solutions for the
Intelligent Transportation Systems (ITS) sector and adjacent
overlapping markets. ISS' industry leading computer-enabled
detection (CED) products, including the Autoscope(R) machine-vision
family and the RTMS(R) radar family, combine embedded software
signal processing with sophisticated sensing technologies for use
in transportation, environmental and safety/surveillance
management. CED is a group of technologies in which software,
rather than humans, examines the outputs of complex sensors to
determine what is happening in the field of view in real-time. With
more than 90,000 instances sold in over 60 countries worldwide, our
depth of experience coupled with breadth of product portfolio
uniquely positions us to provide powerful hybrid technology
solutions and to exploit the convergence of the traffic, security
and environmental management markets. We are headquartered in St.
Paul, Minnesota. Visit us on the web at imagesensing.com.
http://www.newscom.com/cgi-bin/prnh/20050512/CGISSLOGO
http://photoarchive.ap.org/ DATASOURCE: Image Sensing Systems, Inc.
CONTACT: Greg Smith, Chief Financial Officer of Image Sensing
Systems, Inc., +1-651-603-7700 Web site:
http://www.imagesensing.com/
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