MINNEAPOLIS, March 30, 2026 (GLOBE NEWSWIRE) — Picture Sensing Methods, Inc. (“ISNS”), a completely owned subsidiary of Autoscope Applied sciences Company (OTCQX: AATC), at present introduced the execution of an Eighth Modification to its Manufacturing, Distribution, and Expertise License Settlement with Econolite Management Merchandise, Inc.
The modification provides the Autoscope® OptiVu product to the licensed portfolio underneath the present revenue-sharing construction.
Each corporations additionally reaffirmed their dedication to discover new technical initiatives, reinforcing a shared give attention to advancing innovation in visitors administration options.
“This expansion and collaborative outlook, reflects the strength of our long-standing partnership with Econolite,” mentioned Andy Markese, President and CEO of Picture Sensing Methods. “We look forward to building on our joint success and delivering technology solutions that benefit transportation agencies and the communities they serve.”
About Autoscope Applied sciences Company
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Autoscope Applied sciences Company is a world firm devoted to serving to enhance security and effectivity for cities and highways by growing and delivering above-ground detection know-how, functions and options. We give Clever Transportation Methods (ITS) professionals extra exact and correct info – together with real-time response capabilities and in-depth analytics – to make extra assured and proactive selections. We’re headquartered in Minneapolis, Minnesota. Go to us on the internet at www.autoscope.com.
Ahead-Wanting Statements
Sure statements and knowledge included on this press launch represent “forward-looking statements.” Ahead-looking statements signify our expectations or beliefs regarding future occasions and could be recognized by way of forward-looking phrases corresponding to “believes,” “may,” “will,” “should,” “intends,” “plans,” “estimates,” “expects,” “anticipates” or different comparable terminology. Ahead-looking statements are topic to dangers and uncertainties which will trigger our precise outcomes to vary materially from the outcomes mentioned within the forward-looking statements. These dangers and uncertainties embody, however will not be restricted to, the components listed under. New dangers and uncertainties which will materially have an effect on our working outcomes might emerge infrequently. It’s not potential to foretell all of those dangers and uncertainties, nor can we assess the impact that every such threat or uncertainty, or a mixture of them, might have on our enterprise.
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These dangers and uncertainties might embody, however will not be restricted to: our capability to declare, fund and pay dividends sooner or later and to adjust to relevant discover and processing necessities for company actions underneath the OTCQX Guidelines for U.S. Firms, together with Rule 10b-17 underneath the Securities Change Act of 1934, as amended, and Monetary Trade Regulatory Authority Rule 6490, in addition to the discretion of our board to switch, droop or cancel any dividend program; our historic dependence on a single product for many of our income; competitors; potential adjustments in authorities spending on transportation know-how; acceptance of our product choices and designs; funds constraints by governmental entities that buy our merchandise, together with constraints brought on by declining tax income; the persevering with capability of Econolite Management Merchandise, Inc. to promote our merchandise and pay royalties owed to us; the combo of and margins on the merchandise we promote; our dependence on third events for manufacturing and advertising and marketing our merchandise; our dependence on single-source suppliers to fulfill manufacturing wants; our failure to safe enough safety for our mental property rights; our lack of ability to develop new functions and product enhancements; the potential disruptive impact on the markets we serve of latest and rising applied sciences and functions, together with vehicle-to-vehicle communications and autonomous automobiles; unanticipated delays, prices and bills inherent within the growth and advertising and marketing of latest merchandise; our lack of ability to reply to low-cost native opponents; our lack of ability to correctly handle any progress in income and/or manufacturing necessities; the affect over our voting inventory by associates; our lack of ability to rent and retain key scientific and technical personnel; the results of authorized issues by which we might turn into concerned; our lack of ability to attain and preserve efficient inside controls; our lack of ability to efficiently combine any acquisitions; tariffs and different commerce obstacles; our working prices are typically mounted, whereas our income tends to be seasonal, thereby leading to working outcomes that fluctuate from quarter to quarter; any important variations between precise quantities and the quantities estimated for these issues recognized as our crucial accounting estimates and different important accounting estimates made within the preparation of our monetary statements; political and financial instability, together with geopolitical conflicts, regional hostilities, wars, and different worldwide disruptions; our lack of ability to adjust to worldwide regulatory restrictions over hazardous substances and digital waste; the affect of worldwide provide chain disruptions and delays; the affect of adjustments in U.S. federal and state revenue tax rules; the affect of inflation and our capability to cross on rising costs to its prospects; and circumstances past our management corresponding to conflict, terrorist assaults, well being epidemics (together with the COVID-19 pandemic brought on by the coronavirus) and financial recession.
You need to fastidiously take into account the above developments, dangers and uncertainties earlier than making any funding choice with respect to our securities. If any of them continues or happens, our enterprise, monetary situation or working outcomes might be materially and adversely affected, the buying and selling costs of our securities may decline, and you might lose half or your entire funding. All forward-looking statements attributable to us or individuals performing on our behalf are expressly certified of their entirety by this cautionary assertion. We additional warning you to not unduly depend on any forward-looking statements as a result of they mirror our views solely as of the date the statements have been made. We undertake no obligation to publicly replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case, besides as required by relevant legislation.
Contact: Andrew Markese, CEO of AATC and President and CEO of ISNS 612-438-2363
