Autoscope Technologies Corporation Announces Consummation of Holding Company Reorganization
22 7월 2021 - 4:05AM
Autoscope Technologies Corporation (Nasdaq: AATC),
announced that it has completed its previously announced holding
company reorganization creating a newly-formed public company named
"Autoscope Technologies Corporation".
Autoscope Technologies Corporation
("Autoscope") replaces Image Sensing Systems, Inc. as the public
company and is trading on Nasdaq Stock Market under the ticker
symbol "AATC". All outstanding shares of Image Sensing
Systems, Inc. have been automatically converted on a one-for-one
basis into shares of common stock in Autoscope, and Image Sensing
Systems, Inc. now operates as a wholly-owned subsidiary of
Autoscope.
Non-GAAP Financial Measures:We provide certain
non-GAAP financial information as supplemental information to
financial measures calculated and presented in accordance with GAAP
(Generally Accepted Accounting Principles in the United States).
This non-GAAP information excludes the impact of amortizing
intangible assets and depreciation and may exclude other
non-recurring items. Management believes that this presentation
facilitates the comparison of our current operating results to
historical operating results. Management uses this non-GAAP
information to evaluate short-term and long-term operating trends
in our core operations. Non-GAAP information is not prepared in
accordance with GAAP and should not be considered a substitute for
or an alternative to GAAP financial measures and may not be
computed the same as similarly titled measures used by other
companies. About Autoscope Technologies
CorporationAutoscope Technologies Corporation 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, regulations, and orders, including as a result
of the COVID-19 pandemic caused by the coronavirus;
international presence; tariffs and other trade barriers; our
success in integrating any acquisitions; potential disruptions to
our supply chains (including disruptions caused by geopolitical
events, military actions, work stoppages, nature disasters, or
international health emergencies, such as the COVID-19 pandemic);
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, 2020 filed on March 11, 2021.
Contact: |
Frank Hallowell, Chief Financial
Officer |
|
Autoscope Technologies
Corporation |
|
Phone:
651.603.7744 |
Image Sensing Systems (NASDAQ:ISNS)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Image Sensing Systems (NASDAQ:ISNS)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
Image Sensing Systems Inc (나스닥)의 실시간 뉴스: 최근 기사 0
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