Boston, MA 08/27/2014 (wallstreetpr) – Image Sensing Systems, Inc. (NASDAQ:ISNS) and other manufacturers of security surveillance products stand to benefit if a White House petition calling for tighter security in the states and counties succeeds. More than a few people have signed up to call for a legislation that would require police to wear surveillance cameras on the job. That will be big business for the makers of such devices.
Image Sensing Systems, Inc. (NASDAQ:ISNS), a $19.9 million company, makes and markets video and radar image processing solutions. Its products have widespread application in traffic such as highways, intersections. The image processing products also allow data collection and management of the same. The company reported a loss of $0.22 a share in the most recent quarter, missing the consensus estimate of $0.05 a share for the quarter.
Shares of Image Sensing Systems, Inc. (NASDAQ:ISNS) are down more than 41% over the past 12 months.
Enhanced security surveillance
In the wake of the unrest in Ferguson, as many as 147,000 people have petitioned the White House calling for a law that would police in the states, counties and local ones to be equipped with devices such as wearable camera. Police fought hard and long in Ferguson following the killing over a black teen. The unprecedented unrest brought to the fore the need and perhaps the urgency to take security surveillance to the next level. That is why Image Sensing Systems, Inc. (NASDAQ:ISNS) and its peers such as Digital Ally, Inc. (NASDAQ:DGLY) find good news. A law requiring enhanced policed surveillance means big spending on their security products and solutions. Digital Ally provides security camera that can be pinned to eyeglasses, belts and shirts.
Investors react
Shares of Image Sensing Systems, Inc. (NASDAQ:ISNS) and other security surveillance stock have been hitting high since the Ferguson unrest on the prospects of increased spending on security monitoring items that they make.
