Autoscope Technologies Corporation Announces Sale of RTMS Assets

August 28, 2023

MINNEAPOLIS, Aug. 28, 2023 (GLOBE NEWSWIRE) — Autoscope Technologies Corporation (OTCQX: AATC) (Autoscope) announced today that Image Sensing Systems, Inc. (ISS), a wholly-owned subsidiary of Autoscope, has signed a definitive agreement to sell 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, for approximately $4.8 million. The transaction has been approved by the boards of directors of Autoscope, ISS, Sensys Networks and TagMaster and remains subject to customary closing conditions and adjustments. The transaction is targeted to close by the end of the third quarter of 2023.

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