MINNEAPOLIS, Aug. 21, 2024 (GLOBE NEWSWIRE) — Picture Sensing Methods, Inc., a wholly-owned subsidiary of Autoscope Applied sciences Company (OTCQX: AATC), introduced at the moment the introduction of Autoscope Analytics, an information insights platform that serves as a pivotal device within the ongoing endeavor to speed up communities’ development towards Imaginative and prescient Zero. By harnessing cutting-edge AI expertise, Autoscope Analytics empowers communities to swiftly and decisively implement security measures, thus making important strides in the direction of the overarching aim of reaching zero traffic-related fatalities and extreme accidents.
Our mission is to avoid wasting lives quicker, mentioned Seth Anderson, Director of Innovation. Autoscope Analytics is designed to speed up all the strategy of analysis, therapy, and evaluation, making certain a extra environment friendly path to Imaginative and prescient Zero. The quicker therapies get deployed, the extra alternative there may be to stop accidents or lack of life.
Past enabling communities to maneuver quicker towards their security targets, we imagine foundational visitors knowledge, reminiscent of car counts, Weak Roadway Consumer (VRU) counts, and car working pace knowledge, ought to be available to communities of all sizes and assets. Thus, with Autoscope Analytics, we’re eradicating limitations to accessing this important info and providing it at no cost. This motion embodies our dedication to security and accessibility, serving as a facilitator of optimistic change with its various vary of insights tailor-made to handle the distinctive wants of varied roadway security packages.
To expertise Autoscope Analytics’ transformative capabilities, we invite you to go to us on the upcoming ITS California sales space #203, which might be held from August 26 to 27 in San Francisco, CA.
About Picture Sensing Methods
Picture Sensing Methods, Inc. is a machine vision-based car detection expertise firm with 40 years of expertise delivering transformative options to boost metropolis security and effectivity. We empower Clever Transportation Methods (ITS) professionals with higher management over enhancing roadway experiences for all customers. We’re headquartered in Minneapolis, Minnesota. Go to us on the net at imagesensing.com.
Ahead-Wanting Statements
Sure statements and knowledge included on this Annual Report represent forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate of 1934, as amended. Ahead-looking statements characterize our expectations or beliefs regarding future occasions and may be recognized by means of forward-looking phrases reminiscent of believes, might, will, ought to, 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. Some components which may trigger these variations embrace the components listed beneath. Though we have now tried to checklist these components comprehensively, we want to warning traders that different components might show to be necessary sooner or later and should have an effect on our working outcomes. New components might emerge sometimes, and it isn’t potential to foretell all of those components, nor can we assess the impact every issue or mixture of things might have on our enterprise.
These dangers and uncertainties might embrace, however usually are not restricted to, our historic dependence on a single product for many of our income; competitors; potential modifications in authorities spending on transportation expertise; acceptance of our product choices and designs; price range constraints by governmental entities that buy our merchandise, together with constraints attributable to 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 our merchandise; our dependence on single-source suppliers to satisfy manufacturing wants; our failure to safe satisfactory safety for our mental property rights; our lack of ability to develop new purposes and product enhancements; the potential disruptive impact on the markets we serve of latest and rising applied sciences and purposes, together with vehicle-to-vehicle communications and autonomous automobiles; unanticipated delays, prices and bills inherent within the improvement and advertising of latest merchandise; our lack of ability to reply to low-cost native rivals; our lack of ability to correctly handle any development 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 consequences of authorized issues during which we might change into concerned; our lack of ability to realize and keep efficient inside controls; our lack of ability to efficiently combine any acquisitions; tariffs and different commerce limitations; our working outcomes fluctuate from quarter to quarter because of, amongst different causes, the truth that our working prices are typically mounted, whereas our income tends to be seasonal; any important variations between precise quantities and the quantities estimated for these issues recognized as our important accounting estimates and different important accounting estimates made within the preparation of our monetary statements; political and financial instability, together with persevering with volatility within the financial and political setting of the European Union and the warfare in Ukraine, and the battle between Israel and Hamas; our lack of ability to adjust to worldwide regulatory restrictions over hazardous substances and digital waste; the influence of worldwide provide chain disruptions and delays; the influence of modifications in U.S. federal and state earnings tax rules; the influence of inflation and our capability to go on rising costs to its clients; and situations past our management reminiscent of warfare, terrorist assaults, well being epidemics (together with the COVID-19 pandemic attributable to the coronavirus) and financial recession.
We additional warning you to not unduly depend on any forward-looking statements as a result of they replicate our views solely as of the date the statements had 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.
| Contact: | Lisa Beutler Picture Sensing Methods 651.603.7700 |
Supply: Picture Sensing Methods, Inc.
