Earnings promise to advance sharply in 2011. Sales are likely to reach $40 million, fueled by a full year's contribution from CiySync. The license plate reading technology is proving to be Image Sensing's fastest growing category, as well. Traffic management is likely to expand less rapidly, due to the budget deficits that are cropping up around the nation. But underlying demand remains robust. Congestion is building as the economy improves. And computerized intersection management is cheaper alternative to new road construction. A major new line that combines machine vision with radar is slated for introduction. That line promises to propel Image Sensing's price performance advantage far beyond its competition, laying the groundwork for significant market share expansion over the next several years.
We estimate 2011 earnings will advance 30% to $1.35 a share. Sustained above average gains are possible well into the decade as the license plate recognition line achieves wider adoption, and the hybrid product rolls out. International potential remains huge, particularly in emerging markets. Image Sensing already has sales offices in place in the Far East.
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