Image Sensing Systems Names Joseph P. Daly as a Director
January 17 2019 - 4:30PM
Image Sensing Systems, Inc. (“ISS”) (NASDAQ: ISNS) today announced
that Joseph P. Daly has been appointed to its Board of Directors.
Mr. Daly is the Chief Executive Officer of
Essig Research, Inc., a global engineering services
company specializing in the design and repair of large,
infrastructure related equipment, which he founded in October
1993. Since January 2012, Mr. Daly has been a business and
finance instructor at Northeastern University in Boston,
Massachusetts. In October 2016, Mr. Daly acquired the product
lifecycle management (“PLM”) software assets of
SofTech Inc. and formed EssigPLM, which offers PLM related
solutions to a broad, global client base. Mr. Daly was also a
director from December 2013 through July 2016, and largest
shareholder of Kreisler Manufacturing Inc., which was acquired by
Arlington Capital Partners in July 2016. Mr. Daly received
his BSME from Rensselaer Polytechnic Institute and his MBA/MSF from
Northwestern University.
Andrew T. Berger, ISS's Executive Chairman, commented, “We
are pleased to announce the appointment of Joseph to the Board of
Directors. We are confident his extensive experience in
engineering services, software solutions, and manufacturing will be
valuable in the continued growth of ISS.”
About Image Sensing SystemsImage 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) 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.
Safe Harbor Statement: Statements
made in this release concerning the Company’s or management’s
intentions, expectations, or predictions about future results or
events are “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
reflect management’s current expectations or beliefs, and are
subject to risks and uncertainties that could cause actual results
or events to vary from stated expectations, which variations could
be material and adverse. Factors that could produce such a
variation include, but are not limited to, the following: the
inherent unreliability of earnings, revenue and cash flow
predictions due to numerous factors, many of which are beyond the
Company’s control; developments in the demand for the Company’s
products and services; relationships with the Company’s major
customers and suppliers; the mix of and margins on the products we
sell; unanticipated delays, costs and expenses inherent in the
development and marketing of new products and services; adverse
weather conditions in our markets; the impact of governmental laws
and regulations; international presence; our success in integrating
any acquisitions; and competitive factors. Our forward-looking
statements speak only as of the time made, and we assume no
obligation to publicly update any such statements. Additional
information concerning these and other factors that could cause
actual results and events to differ materially from the Company’s
current expectations are contained in the Company’s reports and
other documents filed with the Securities and Exchange Commission,
including its Annual Report on Form 10-K for the year ended
December 31, 2017 filed on March 14, 2018.
Contact:Todd Slawson, Interim Chief
Financial OfficerImage Sensing Systems,
Inc. Phone: 651.603.7700
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