MINNEAPOLIS, Aug. 21, 2024 (GLOBE NEWSWIRE) — Picture Sensing Programs, Inc., a wholly-owned subsidiary of Autoscope Applied sciences Company (OTCQX: AATC), introduced in the present day the introduction of Autoscope Analytics, a knowledge 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 know-how, Autoscope Analytics empowers communities to swiftly and decisively implement security measures, thus making vital strides in direction of the overarching purpose of reaching zero traffic-related fatalities and extreme accidents.
Our mission is to avoid wasting lives sooner, mentioned Seth Anderson, Director of Innovation. Autoscope Analytics is designed to speed up your complete strategy of analysis, remedy, and evaluation, making certain a extra environment friendly path to Imaginative and prescient Zero. The sooner remedies get deployed, the extra alternative there’s to forestall accidents or lack of life.
Past enabling communities to maneuver sooner towards their security objectives, we imagine foundational site visitors knowledge, equivalent to car counts, Susceptible Roadway Person (VRU) counts, and car working velocity knowledge, ought to be available to communities of all sizes and assets. Thus, with Autoscope Analytics, we’re eradicating boundaries to accessing this important info and providing it without spending a dime. 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 applications.
To expertise Autoscope Analytics’ transformative capabilities, we invite you to go to us on the upcoming ITS California sales space #203, which shall be held from August 26 to 27 in San Francisco, CA.
About Picture Sensing Programs
Picture Sensing Programs, Inc. is a machine vision-based car detection know-how firm with 40 years of expertise delivering transformative options to reinforce metropolis security and effectivity. We empower Clever Transportation Programs (ITS) professionals with larger management over bettering roadway experiences for all customers. We’re headquartered in Minneapolis, Minnesota. Go to us on the internet at imagesensing.com.
Ahead-Trying Statements
Sure statements and knowledge included on this Annual Report represent forward-looking statements inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade of 1934, as amended. Ahead-looking statements characterize our expectations or beliefs regarding future occasions and will be recognized by way of forward-looking phrases equivalent to believes, could, 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’ve got tried to listing these components comprehensively, we want to warning buyers that different components could show to be vital sooner or later and should have an effect on our working outcomes. New components could emerge on occasion, and it isn’t potential to foretell all of those components, nor can we assess the impact every issue or mixture of things could have on our enterprise.
These dangers and uncertainties could embrace, however usually are not restricted to, 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; finances 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 combination 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 satisfy manufacturing wants; our failure to safe ample safety for our mental property rights; our incapability 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 autos; unanticipated delays, prices and bills inherent within the improvement and advertising and marketing of latest merchandise; our incapability to answer low-cost native rivals; our incapability to correctly handle any development in income and/or manufacturing necessities; the affect over our voting inventory by associates; our incapability to rent and retain key scientific and technical personnel; the consequences of authorized issues wherein we could turn out to be concerned; our incapability to attain and preserve efficient inside controls; our incapability to efficiently combine any acquisitions; tariffs and different commerce boundaries; our working outcomes fluctuate from quarter to quarter on account of, amongst different causes, the truth that our working prices are usually fastened, whereas our income tends to be seasonal; any vital variations between precise quantities and the quantities estimated for these issues recognized as our important accounting estimates and different vital accounting estimates made within the preparation of our monetary statements; political and financial instability, together with persevering with volatility within the financial and political atmosphere of the European Union and the struggle in Ukraine, and the battle between Israel and Hamas; our incapability to adjust to worldwide regulatory restrictions over hazardous substances and digital waste; the influence of worldwide provide chain disruptions and delays; the influence of adjustments in U.S. federal and state revenue tax laws; the influence of inflation and our capability to go on rising costs to its clients; and circumstances past our management equivalent to struggle, terrorist assaults, well being epidemics (together with the COVID-19 pandemic brought on by the coronavirus) and financial recession.
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.
| Contact: | Lisa Beutler Picture Sensing Programs 651.603.7700 |
Supply: Picture Sensing Programs, Inc.
