Press Release
New Initiative will Improve Traffic Flow Along Major Corridor Spanning Six Cities
- Project leverages Iteris’ ITS and signal operations to support
OCTA’s goal of improving the safety and mobility of
Orange County road users - Initiative will improve signal timing and safety across 16 miles
and 59 intersections in
Orange County, California
The three-year project includes intelligent transportation system (ITS)
improvements, upgrades to traffic signal infrastructure and signal
timing improvements along a 16-mile stretch of a major corridor spanning
59 signalized intersections. The project involves six city agencies –
Under the project agreement,
“We are proud to support OCTA’s goal of improving the safety and
mobility of Orange County’s road users by embarking on this traffic
signal synchronization project,” said
About
Iteris Forward-Looking Statements
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," “outlooks,” “target,” "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 timing, success, and benefits of the awarded project. 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 provide the services on a cost-effective
basis; government funding and budgetary issues, and potential impacts
related funding delays; changes in requirements to upgrade the traffic
signal infrastructure; availability of resources, such as components and
equipment necessary to perform the work for the project; the impact of
general economic, political, and other conditions in the markets we
address; and the potential impact of product and service offerings from
competitors and such competitors’ patent coverage and claims. Further
information on
View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005364/en/
Source:
Iteris Contact
David Sadeghi, (949) 270-9523
dsadeghi@iteris.com
or
Investor
Relations
MKR Group, Inc.
Todd Kehrli, (323) 468-2300
iti@mkr-group.com