Autoscope Technologies Corporation Announces 2025 Special Cash Dividend of $1.05 Per Share
Autoscope Technologies (OTCQX: AATC) has announced a special one-time cash dividend of $1.05 per share of common stock. The dividend will be payable on February 3, 2025 to shareholders of record at the close of business on January 27, 2025.
The Board of Directors made this decision after reviewing the company's current financial position and business outlook, determining it was in the best interest of both the Company and its shareholders. Interim CEO Andrew Markese confirmed that the company maintains adequate capital resources to meet its business needs while paying this special dividend.
Autoscope Technologies (OTCQX: AATC) ha annunciato un dividendo straordinario una tantum in contanti di $1,05 per azione di azioni ordinarie. Il dividendo sarà pagabile il 3 febbraio 2025 ai soci registrati alla chiusura del mercato il 27 gennaio 2025.
Il Consiglio di Amministrazione ha preso questa decisione dopo aver esaminato la posizione finanziaria attuale dell'azienda e le prospettive aziendali, determinando che fosse nel migliore interesse sia della Società che dei suoi azionisti. L'amministratore delegato ad interim Andrew Markese ha confermato che l'azienda mantiene risorse di capitale adeguate per soddisfare le sue esigenze aziendali mentre paga questo dividendo straordinario.
Autoscope Technologies (OTCQX: AATC) ha anunciado un dividendo en efectivo especial único de $1.05 por acción de acciones ordinarias. El dividendo será pagadero el 3 de febrero de 2025 a los accionistas registrados al cierre de operaciones el 27 de enero de 2025.
La Junta Directiva tomó esta decisión tras revisar la situación financiera actual de la empresa y las perspectivas comerciales, determinando que era en el mejor interés tanto de la Compañía como de sus accionistas. El CEO interino Andrew Markese confirmó que la empresa mantiene recursos de capital adecuados para satisfacer sus necesidades comerciales mientras paga este dividendo especial.
Autoscope Technologies (OTCQX: AATC)는 보통주 1주당 특별 일회성 현금 배당금을 $1.05로 발표했습니다. 이 배당금은 2025년 2월 3일에 2025년 1월 27일 거래 종료 시점에 등록된 주주에게 지급됩니다.
이사회는 회사의 현재 재무 상태와 사업 전망을 검토한 후 이 결정을 내렸으며, 이는 회사와 주주 모두에게 최선의 이익이 된다고 판단했습니다. 임시 CEO 앤드류 마르케세는 이 특별 배당금을 지급하는 동시에 사업에 필요한 충분한 자본을 유지하고 있다고 확인했습니다.
Autoscope Technologies (OTCQX: AATC) a annoncé un dividende exceptionnel en espèces unique de 1,05 $ par action ordinaire. Le dividende sera payable le 3 février 2025 aux actionnaires inscrits à la clôture des opérations le 27 janvier 2025.
Le Conseil d'administration a pris cette décision après avoir examiné la situation financière actuelle de l'entreprise et les perspectives d'affaires, déterminant qu'il était dans le meilleur intérêt de la Société et de ses actionnaires. Le PDG par intérim Andrew Markese a confirmé que l'entreprise maintient des ressources de capital adéquates pour répondre à ses besoins commerciaux tout en versant ce dividende exceptionnel.
Autoscope Technologies (OTCQX: AATC) hat eine einmalige Sonderdividende von $1,05 pro Aktie der Stammaktien bekannt gegeben. Die Dividende wird am 3. Februar 2025 an die Aktionäre ausgezahlt, die zum Geschäftsschluss am 27. Januar 2025 im Register stehen.
Der Vorstand hat diese Entscheidung getroffen, nachdem er die aktuelle finanzielle Lage des Unternehmens und die Geschäftsaussichten geprüft hat und festgestellt hat, dass dies im besten Interesse von sowohl dem Unternehmen als auch seinen Aktionären ist. Der Interims-CEO Andrew Markese bestätigte, dass das Unternehmen über ausreichende Kapitalressourcen verfügt, um seinen Geschäftsbedürfnissen nachzukommen, während es diese Sonderdividende zahlt.
- Special cash dividend of $1.05 per share announced
- Company has strong financial position to support dividend payment while maintaining business operations
- None.
MINNEAPOLIS, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Autoscope Technologies Corporation (“Autoscope”) (OTCQX: AATC) announced today that its Board of Directors has declared a special one-time cash dividend of
As a result of the Board's review of the Company's current financial position and business outlook, the Board determined that the payment of a special dividend was in the best interest of the Company and its shareholders.
Commenting on the Board's decision to declare this special dividend, Andrew Markese, Autoscope Technologies Interim Chief Executive Officer, stated, "We are pleased to be in a position to pay this dividend to our shareholders and are comfortable that the Company continues to have adequate capital resources to meet its business needs.”
About Autoscope Technologies Corporation
Autoscope Technologies Corporation is a global company dedicated to helping improve safety and efficiency for cities and highways by developing and delivering above-ground detection technology, applications and solutions. We give Intelligent Transportation Systems (ITS) professionals more precise and accurate information – including real-time reaction capabilities and in-depth analytics – to make more confident and proactive decisions. We are headquartered in Minneapolis, Minnesota. Visit us on the web at www.autoscope.com.
Forward-Looking Statements
Certain statements and information included in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange of 1934, as amended. Forward-looking statements represent our expectations or beliefs concerning future events and can be identified by the use of forward-looking words such as “believes,” “may,” “will,” “should,” “intends,” “plans,” “estimates,” “expects,” “anticipates” or other comparable terminology. Forward-looking statements are subject to risks and uncertainties that may cause our actual results to differ materially from the results discussed in the forward-looking statements. Some factors that might cause these differences include the factors listed below. Although we have attempted to list these factors comprehensively, we wish to caution investors that other factors may prove to be important in the future and may affect our operating results or financial condition. New factors may emerge from time to time, and it is not possible to predict all of these factors, nor can we assess the effect each factor or combination of factors may have on our business.
Those risks and uncertainties may include, but are not limited to, our historical dependence on a single product for most of our revenue; competition; potential changes in government spending on transportation technology; acceptance of our product offerings and designs; budget constraints by governmental entities that purchase our products, including constraints caused by declining tax revenue; the continuing ability of Econolite Control Products, Inc. to sell our products and pay royalties owed to us; the mix of and margins on the products we sell; our dependence on third parties for manufacturing and marketing our products; our dependence on single-source suppliers to meet manufacturing needs; our failure to secure adequate protection for our intellectual property rights; our inability to develop new applications and product enhancements; the potential disruptive effect on the markets we serve of new and emerging technologies and applications, including vehicle-to-vehicle communications and autonomous vehicles; unanticipated delays, costs and expenses inherent in the development and marketing of new products; our inability to respond to low-cost local competitors; our inability to properly manage any growth in revenue and/or production requirements; the influence over our voting stock by affiliates; our inability to hire and retain key scientific and technical personnel; the effects of legal matters in which we may become involved; our inability to achieve and maintain effective internal controls; our inability to successfully integrate any acquisitions; tariffs and other trade barriers; our operating costs tend to be fixed, while our revenue tends to be seasonal, thereby resulting in operating results that fluctuate from quarter to quarter; any significant variations between actual amounts and the amounts estimated for those matters identified as our critical accounting estimates and other significant accounting estimates made in the preparation of our financial statements; political and economic instability, including continuing volatility in the economic and political environment of the European Union, the war in Ukraine, the conflict between Israel and Hamas and other disruptions in the Middle East; our inability to comply with international regulatory restrictions over hazardous substances and electronic waste; the impact of international supply chain disruptions and delays; the impact of changes in U.S. federal and state income tax regulations; the impact of inflation and our ability to pass on rising prices to its customers; and conditions beyond our control such as war, terrorist attacks, health epidemics (including the COVID-19 pandemic caused by the coronavirus) and economic recession.
We further caution you not to unduly rely on any forward-looking statements because they reflect our views only as of the date the statements were made. We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
| Contact: | Andrew Markese, Interim CEO of AATC and President and CEO of ISNS |
| 612-438-2363 |
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