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Image Sensing Systems Names Dale E. Parker As Chief Operating Officer And Chief Financial Officer

Stocks in this article: ISNS

SAINT PAUL, Minn., June 24, 2013 (GLOBE NEWSWIRE) -- Image Sensing Systems, Inc. (Nasdaq:ISNS) announced today that it has named Dale E. Parker as its Chief Operating Officer, Chief Financial Officer and Treasurer, effective June 25, 2013. Parker will continue to serve on the Image Sensing Systems board. Parker replaces Gregory R. L. Smith, who has resigned his position with Image Sensing Systems. The resignation of Smith's employment was not related to any issue with respect to Image Sensing Systems' financial statements.

Parker has extensive experience working in senior executive positions for both public and private companies in a variety of industries in addition to his expertise with financial statement preparation and SEC reporting. He has served on the board of directors of HickoryTech Corporation, a communications service provider, since 2006, and has chaired that corporation's board since January 2011. He served as interim chief financial officer of Ener1, Inc., an energy storage technology company, from 2011 until 2012. Previously he served in numerous chief financial officer and vice president roles for manufacturing companies.

Kris Tufto, Image Sensing Systems CEO, said: "We are pleased and fortunate to have Dale Parker step into executive positions with our organization. Having been on our board for the past year, Dale already knows our company, growth strategies and culture. With a strong public company background, he is an ideal choice for COO and CFO."

The company also announced that it has added Paul F. Lidsky as a board director, replacing Parker on the three board committees. Lidsky has been President and Chief Executive Officer of Datalink Corporation since July 2009 and a member of its board of directors since June 1998. He was the President and Chief Executive Officer of Calabrio, Inc. from October 2007 until July 2009 and he is currently a member of Calabrio, Inc.'s Board of Directors. From December 2005 until September 2007, Lidsky served as Chief Operating Officer for Spanlink Communications, Inc.

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