Michalopoulos Panos G – Underwriting Agreements Watch

from SC 13D/A 1 page Exhibit 1 Joint Filing Agreement in Accordance With Rule 13d-1(k) Under the Securities Exchange Act of 1934, as Amended, Dr. Panos G. Michalopoulos and Transatlantic Emporium & Technology Exchange L.L.C. Each Agree to the Joint Filing on Behalf of Each of Them of a Schedule 13d (Including Amendments Thereto) With Respect to the Common Stock of Image Sensing Systems, Inc., a Minnesota Corporation, and Further Agree That This Joint Filing Agreement Be Included as an Exhibit to Such Joint Filing. Date: August 31, 2006 /S/ Panos Michalopoulos Panos Michalopoulos Transatlantic Emporium & Technologies Exchange L.L.C. /S/ Panos Michalopoulos Panos Michalopoulos Owner