Image Sensing Systems Names Brian VanDerBosch as a Director
June 17 2021 - 4:10PM
Image Sensing Systems, Inc. (“ISS”) (NASDAQ: ISNS) today announced
that Brian J. VanDerBosch has been recently appointed to its Board
of Directors.
Mr. VanDerBosch has been an independent advisor to the Board of
Directors since November 2017. Mr. VanDerBosch has been Executive
Vice President of Proprietors Capital Holdings, LLC, an angel
investing fund since October 2019. He was Chief Financial Officer
and Chief Operating Officer of Global Traffic Technologies, LLC, a
developer and manufacturer of traffic signal priority control and
traffic detection systems. He served in these capacities under
private equity ownership from January 2008 to August 2016 when the
business was sold to Fortive Corporation and remained with the
business through April 2019. Mr. VanDerBosch was Chief Financial
Officer of Lubrication Technologies, Inc., a provider of advanced
lubrication and energy solutions, from February 2001 through
December 2007. Prior to 2001, he held various financial positions
in publicly traded and privately held companies in diverse
industries. Mr. VanDerBosch earned his Bachelor of Science degree
in Accounting from the University of Minnesota and is a CPA
(inactive).
Andrew Berger, ISS's Executive Chairman, commented, “We are
pleased to announce the election of Brian to the Board of
Directors. We are confident his extensive experience in senior
positions in companies offering traffic detection technologies and
manufacturing capabilities, will be valuable in the growth and
diversification of ISS.”
About Image Sensing Systems
Image 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, 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 |
|
Image Sensing Systems, Inc.
Phone: 651.603.7744 |
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