Autoscope Technologies Corporation Names Frank G. Hallowell as President and Chief Operating Officer of Image Sensing Systems, Inc. and Announces Dividend Declaration
03 Fevereiro 2022 - 6:10PM
Autoscope Technologies Corporation (“Autoscope”) (NASDAQ: AATC)
today announced that the board has appointed Frank G. Hallowell as
President and Chief Operating Officer of Image Sensing Systems,
Inc. (“ISS”) and that its Board of Directors has authorized and
declared a quarterly cash dividend of $0.12 per share of its common
stock. ISS is a wholly owned subsidiary of Autoscope.
Mr. Hallowell assumed his new position effective February 1, 2022,
and will continue to serve as Chief Financial Officer of Autoscope.
Mr. Hallowell is an operationally oriented executive with over
thirty years of experience in building, strengthening, and leading
teams spanning a variety of industries including aviation,
communications, consulting, financial, legal, and technology. He
has considerable experience in business development, manufacturing
and service operations, procurement, mergers and acquisitions,
supply chain management, and turnaround management.
Prior to joining ISS in 2019, Mr. Hallowell served in management
roles at AT&T (formerly BellSouth Corporation), Dataserv, Inc.,
ExpressPoint Technology Services, Inc., Logic PD, Inc., KPMG LLP,
Legal Research Center, Pearson Plc., Scantron Corporation, and
Wipaire, Inc. He is a Certified Public Accountant and earned a B.S.
degree in business administration from the University of North
Dakota.
“Frank is a highly skilled and experienced leader who has served
as CFO of Image Sensing Systems and Autoscope Technologies
Corporation. His deep understanding of ISS and his
significant strategic, operational, and financial experience make
him an excellent choice to guide the organization going forward,”
said Andrew T. Berger, the Chairman and Chief Executive Officer of
Autoscope.
“As we continue to focus on innovation and product development
for the growing intelligent transportation industry, we have
positioned ourselves to be a market leader with our strong
portfolio of products and services,” said Mr. Hallowell. “I am
honored to have the opportunity to lead ISS and work with the board
and our talented team as we seek to drive growth and
profitability,” concluded Mr. Hallowell.
About Autoscope Technologies
Corporation
Autoscope 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 autoscope.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: |
Andrew Berger,
Chairman, President and Chief Executive Officer |
|
Autoscope Technologies Corporation Phone:
612.438.2363 |
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