AgTech Veteran to Drive Global Expansion of Iteris ClearAg

SANTA ANA, Calif.--(BUSINESS WIRE)--Aug. 7, 2017-- Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced the appointment of Jim Chambers as Senior Vice President and General Manager for its Agriculture and Weather Analytics segment.

“Our Ag and Weather Analytics segment has been growing rapidly over the past several quarters, largely due to the favorable market adoption of our digital agriculture platform, ClearAg®,” said Joe Bergera, president and CEO of Iteris. “Having successfully deployed ClearAg in several international markets, we intend to advance the maturity of our business operation to match the capability of our technology platform. As a recognized expert in AgTech and Digital Agriculture, Jim brings the right mix of expertise, along with proven business acumen, to lead the segment to its full potential. We are excited to have Jim onboard and welcome him to the Iteris family.”

Mr. Chambers is a veteran business executive with more than 20 years of experience leading teams and products in the global agriculture market. He joins Iteris from Observant, a provider of agricultural in-field hardware and cloud based applications for precision farm water management, where he was CEO since February 2016. Observant was recently acquired by Jain Irrigation.

“With its robust analytics and advanced modeling platform, Iteris ClearAg has grown to become a recognized brand and an important component in the agricultural supply chain,” said Mr. Chambers. “I am very excited to join the ClearAg and ClearPath Weather® teams at Iteris and to help accelerate growth and innovation.”

Prior to Observant, Mr. Chambers served as Director of Marketing at Bayer CropScience. Before joining Bayer, he held various key management positions at divisions of Deere & Company, including John Deere Water (acquired by FIMI Opportunities Funds) and John Deere Agri Services, Inc. (acquired by Constellation Software). Additionally, he held strategic roles at Valent BioSciences Corporation, AgraQuest (acquired by Bayer CropScience), and Monsanto. Mr. Chambers holds a B.S. degree in Agriculture Business Management and Economics from The Ohio State University.

About Iteris, Inc.

Iteris is the global leader in applied informatics for transportation and agriculture, turning big data into big breakthrough solutions. We collect, aggregate and analyze data on traffic, roads, weather, water, soil and crops to generate precise informatics that lead to safer transportation and smarter farming. Municipalities, government agencies, crop science companies, farmers and agronomists around the world use our solutions to make roads safer and travel more efficient, as well as farmlands more sustainable, healthy and productive. Visit www.iteris.com for more information.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” “will,” "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the impact and expected contributions of our new hire. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, our ability to retain, integrate and incentivize our new hire; new hire’s ability to advance the maturity of our business operations; integration of the new hire into the company and its operations without any material disruptions to the company or its operations; our ability to accelerate, specify, develop, complete, introduce, market, and transition our products and technologies to volume production in a timely manner; successfully develop, complete, roll out and gain broad market acceptance of our technologies in the transportation and agriculture markets; and the impact of general economic, political and other conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).

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Source: Iteris, Inc.

Iteris Press Contact
Tom Roberts
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