Iteris, Inc., a leader in advanced traffic management technologies, today reported financial results for its fiscal quarter ending September 30, 2009. Net sales and revenues increased 1.6% over the preceding quarter, from $14.6 million to $14.9 million, primarily the result of a 20.5% increase in the sale of Roadway Sensors and a 30.5% increase in the sale of Vehicle Sensors. Growth was partially offset by a 16.9% decrease in Transportation Systems contract revenues. In addition, gross margins increased to 44.2%, compared to 38.1% for the preceding quarter, and compared to 41.3% in the same quarter of the prior fiscal year, although the current quarter total net sales and contract revenue figures represent a 22% decrease compared to the same quarter in the prior fiscal year. The gross margin increase was the result of a higher mix of Roadway and Vehicle Sensor net sales as a percent of total sales and

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This week, OmniVision Technologies (OTVI) announced the launch of its AutoVision OV9715, an advanced image sensor chip targeted at the automotive market. The product is especially suited for wide angle viewing required for 360 degree vision from the driver’s seat (EU has been pushing for this). It is also expected to come in handy for parking assistance and lane departure warning.

A number of special features make the ¼-inch 1 megapixel camera chip particularly useful for the automotive market. The first is a zero degree micro lens shift and 1280 x 800 pixel array. The high resolution is necessary for correction of electronic distortion, a normal characteristic of lenses used in wide angle viewing. The second important feature is low-light sensitivity.

OmniVision launched the first chip featuring low-light sensitivity as early as 2007. The OV9715 is based on OmniPixel3-HS architecture, a much newer technology, with much greater sensitivity

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Today I sold my full position in GeoEye, Inc. [GEOY: 21.72, -0.70 (-3.12%)], a provider of space-based and aerial imagery and geospatial information, at $20.75 per share.  The total amount in my portfolio was for a 3/4 position out of a full position, accounting for about 25% of my portfolio.  Those that follow me on Twitter received this update today as I made the transaction.

By the time some of you read this post, I will have already exited the position because my price target that I outlined was breached, so I advise you to subscribe to my Twitter feed that can be sent to your phone via text message or email for any actionable alerts that I will first post there before writing about in these pages.

Why:

As I recently wrote,

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MyECheck, Inc. today announced that it has signed Vacation Renter Solutions, LLC as a client and will be providing the vacation rental company with its suite of electronic check processing services. AlwaysOnVacation.com, owned by Vacation Renter Solutions, strives to be the best location to find the perfect vacation rental. The online portal uses exclusive matching technology to search hundreds of amenities to find a vacation rental that meets every demand.

Vacation Renter Solutions’ customers will now be able to use their checking accounts as a form of online payment. Through MyECheck’s patented software, the vacation rental company will have access to every U.S. checking account, even accounts that ACH cannot debit; providing financial access to more consumers and businesses than any other payment method.

MyECheck Inc., the leader in Check 21 solutions and check image processing for online merchants, is an electronic transaction processor and

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MyECheck, Inc. (MYEC.OB) is a leading electronic processor that provides an alternative for banks, merchants, and ecommerce sites to process payments. The patented and proprietary system was initially used to remotely create and clear checks (RCCs) for the safest, fastest, and most cost-effective manner for electronic payments. The company has expanded the system to launch additional services including remote deposit capture (RDC).

MyECheck does not require a physical check from the payee for its processing. The system actually generates electronic checks that follow the Check 21 specifications, which allow merchants, banks, and companies to process these items. The system has a number of certified check imagers and is an authorized reseller of DigitalCheck™ imaging equipment. Check image processing eliminates the need for paper check transportation, which reduces a company’s administrative costs and speeds the clearing of checks by 2+ days on average.

The

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Secure Runway Systems Corp. (”SRS”) is a development-stage company dedicated to safety in the aerospace industry. Its aim is to eliminate the dangers associated with foreign object debris (FOD) on airport runways.

FOD is classified as any object on airport grounds that, because of its inappropriate location, can damage aircraft or personnel. Every year, FOD costs the aviation industry an estimated $4 billion in damages. SRS is aimed at cutting those costs and, potentially, saving lives.

The SRS system, still in development, includes high definition infrared imaging components which feed through an image processing ground station. The product will instantaneously alert airport ground and flight crews to the presence of potentially hazardous FOD. Monitoring of the airfield is automated for maximum cost-effectiveness; alerts can be received via email or SMS.

Secure Runway Systems intends to provide airports around the world with the necessary technology to keep operations running smoothly. Not

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During afternoon trading, MyECheck announced that it has signed American Science & Surplus to its online check service and will be providing the ecommerce retailer with its complete suite of electronic check processing services.

Through this agreement, American Science & Surplus customers will be able to use their checking accounts to pay for merchandise. MyECheck’s patented software is able to debit any U.S. checking account, even those ACH isn’t able to, providing online retailers with financial access to more consumers and businesses at a lower cost than card processing.

American Science & Surplus provides customers with a distinctive mix of industrial, military and educational items, with a primary focus on science and education. They supply a wide range of unusual and hard-to-find items to the hobbyist, tinkerer, artist, experimenter, home educator, do-it-yourselfer, and bargain hunter. Just some of the uses of these items include homemade

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LOGIC Devices, Inc. (NASDAQ: LOGC) develops and markets high-speed digital integrated circuits that perform high density storage and signal/image processing functions. The company is focused on supplying integrated circuits that possess the highest quality, density, performance, and support. Their products enable SD and HD video display, transport, editing, composition, and special effects. LOGIC also provides solutions for digital filtering in wireless base stations, image enhancement in medical diagnostic scanning and imaging equipment, and guidance and target recognition capabilities in smart-weapons systems.

By using their experience in high-speed data path and embedded memory development, combined with a structure custom design methodology, LOGIC’s chip solutions involve highly optimized, integrated, and dedicated high-speed computation functions. Their solutions offer greater computational rates, lower cost, and lower power consumption than alternative approaches.

The company works closely with customers to define the features and performances required to meet demanding requirements.

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