Autoscope Technologies (AATC) Sells RTMS Assets
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Autoscope Technologies Corporation Announces Sale of RTMS Assets
September 5, 2023 4:05 PM EDTMINNEAPOLIS, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Autoscope Technologies Corporation (OTCQX: AATC) (Autoscope) announced today that Image Sensing Systems, Inc. (ISS), a wholly-owned subsidiary of Autoscope, has closed on its sale of all of the assets related to its RTMS radar detection product line to Sensys Networks, Inc. (Sensys Networks), a U.S. subsidiary of TagMaster AB, on August 31, 2023 for approximately $4.8 million in cash. The sale price is subject to certain customary post-closing adjustments that are expected to be immaterial and completed during the fourth quarter of 2023. Autoscope announced the signing by... More
