Image Sensing Systems, Inc. (ISNS) Announced a partnership with NuPark. We will look to use any significant pop in the stock as an opportunity to add to our short position.
This partnership news means nothing in terms of the context of the news that propelled TASR and DGLY. Why not disclose the potential revenue from the deal? Regardless, it adds to the short thesis that ISNS has nothing to do with body worn cameras. Through a simple web search, it looks like NuPark is not a large company.
Company Description courtesy of Zoom: NuPark provides the only permit and enforcement system created to utilize LPR technology for virtual permitting and true targeted enforcement.
Revenue: $1 mil. – $5 mil.
Employees: 10 – 20
And what does “partnership mean?” Just go to NuPark’s website and you will see that it lists 7 other partners, including Microsoft.
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