{"id":515858,"date":"2021-07-21T15:08:07","date_gmt":"2021-07-21T19:08:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\/"},"modified":"2021-07-21T15:08:07","modified_gmt":"2021-07-21T19:08:07","slug":"autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\/","title":{"rendered":"Autoscope Technologies Corporation Announces Consummation of Holding Company Reorganization"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAINT PAUL, Minn., July  21, 2021  (GLOBE NEWSWIRE) &#8212; Autoscope\u00a0Technologies Corporation\u00a0(Nasdaq: AATC), announced that it has completed its previously announced holding company reorganization creating a newly-formed public company named &#8220;Autoscope\u00a0Technologies Corporation&#8221;.<\/p>\n<p align=\"justify\">Autoscope\u00a0Technologies Corporation (&#8220;Autoscope&#8221;) replaces Image Sensing Systems, Inc. as the public company and is trading on Nasdaq\u00a0Stock Market under the ticker symbol &#8220;AATC&#8221;.\u00a0 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.\u00a0\u00a0<\/p>\n<p align=\"justify\">\n        <u>Non-GAAP Financial Measures:<\/u><br \/>\n        <br \/>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\u00a0not be computed the same as similarly titled measures used by other companies.<br \/>\u00a0\u00a0<br \/><u>About Autoscope\u00a0Technologies Corporation<\/u><br \/>Autoscope\u00a0Technologies 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 \u2013 including real-time reaction capabilities and in-depth analytics \u2013 to make more confident and proactive decisions. We are headquartered in St. Paul, Minnesota. Visit us on the web at imagesensing.com.<\/p>\n<p align=\"justify\">\n        <strong>Safe Harbor Statement:\u00a0<\/strong>\u00a0Statements made in this release concerning the Company\u2019s or management\u2019s intentions, expectations, or predictions about future results or events are \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management\u2019s 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\u2019s control; developments in the demand for the Company\u2019s products and services; relationships with the Company\u2019s 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\u00a0by the coronavirus; international presence; tariffs\u00a0and 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)\u037e 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\u2019s current expectations are contained in the Company\u2019s 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.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:10%;width:10%;min-width:10%;vertical-align: middle\">\n            <strong>Contact: <\/strong>\n          <\/td>\n<td style=\"max-width:90%;width:90%;min-width:90%;vertical-align: middle\">\n            <strong>Frank Hallowell<\/strong><br \/>\n            <strong>, Chief Financial Officer<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">\n            <strong>Autoscope Technologies Corporation<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">\n            <strong>Phone: 651.603.7744<\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NDUwNiM0MzA4NDk4IzIwMTg4NzA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/a28b1460-eaeb-4b62-8aa5-b11d07cd79c6\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAINT PAUL, Minn., July 21, 2021 (GLOBE NEWSWIRE) &#8212; Autoscope\u00a0Technologies Corporation\u00a0(Nasdaq: AATC), announced that it has completed its previously announced holding company reorganization creating a newly-formed public company named &#8220;Autoscope\u00a0Technologies Corporation&#8221;. Autoscope\u00a0Technologies Corporation (&#8220;Autoscope&#8221;) replaces Image Sensing Systems, Inc. as the public company and is trading on Nasdaq\u00a0Stock Market under the ticker symbol &#8220;AATC&#8221;.\u00a0 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.\u00a0\u00a0 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). &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Autoscope Technologies Corporation Announces Consummation of Holding Company Reorganization&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-515858","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Autoscope Technologies Corporation Announces Consummation of Holding Company Reorganization - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Autoscope Technologies Corporation Announces Consummation of Holding Company Reorganization - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAINT PAUL, Minn., July 21, 2021 (GLOBE NEWSWIRE) &#8212; Autoscope\u00a0Technologies Corporation\u00a0(Nasdaq: AATC), announced that it has completed its previously announced holding company reorganization creating a newly-formed public company named &#8220;Autoscope\u00a0Technologies Corporation&#8221;. Autoscope\u00a0Technologies Corporation (&#8220;Autoscope&#8221;) replaces Image Sensing Systems, Inc. as the public company and is trading on Nasdaq\u00a0Stock Market under the ticker symbol &#8220;AATC&#8221;.\u00a0 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.\u00a0\u00a0 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). &hellip; Continue reading &quot;Autoscope Technologies Corporation Announces Consummation of Holding Company Reorganization&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-21T19:08:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NDUwNiM0MzA4NDk4IzIwMTg4NzA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Autoscope Technologies Corporation Announces Consummation of Holding Company Reorganization\",\"datePublished\":\"2021-07-21T19:08:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\\\/\"},\"wordCount\":607,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI4NDUwNiM0MzA4NDk4IzIwMTg4NzA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/autoscope-technologies-corporation-announces-consummation-of-holding-company-reorganization\\\/\",\"name\":\"Autoscope Technologies Corporation Announces Consummation of Holding Company Reorganization - 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