Image Sensing Systems, Inc. (ISNS) 2013年年度报告「NASDAQ」.pdf

1、Annual Report 2013Last year was pivotal in the growth trajectory for Image Sensing Systems,marked by significant progress in product development and the continued traction we are seeing in the growth of our sales pipeline,both in terms of size and quality.From a strategic point of view,we defined ou

2、r companys direction around making cities safer with our existing and future technology solutions and innovations.We are encouraged by the momentum we had in product sales growth in the second half of 2013.Were also excited about our recent product launches,including our best-in-class CitySync Safet

3、y solution,that reads license or number plates for traffic data,security,police,and parking applications.2013:A Year of TransitionWhile we made tremendous strides in starting to leverage our core competencies and the many assets we have developed,we continued to fight economic headwinds in the globa

4、l economies.We were also slowed,in our transition,by a Foreign Corrupt Practices Act(FCPA)investigation into matters originating in Poland and quality and warranty issues within our legacy product portfolio.However,we continued to drive innovation despite these constraints.Our new product and soluti

5、ons offering truly differentiates us within our chosen markets,and we are getting great receptivity at trade shows and from potential customers.In a market ripe for innovation,we are shifting the focus to customer-led,benefit-based high tech solutions.Were very excited about the growth potential fro

6、m this suite of products.During the year,we saw further recovery and stabilization in the North American and international markets that we serve.While that improvement was uneven within our target international markets,we made good progress and grew in both our EMEA and Asia Pacific regions.In North