Study is first in Southern California and builds on Iteris’ deep
knowledge of Connected Vehicle technology from its decades of work with
USDOT
SANTA ANA, Calif.--(BUSINESS WIRE)--Apr. 20, 2017--
Iteris,
Inc. (NASDAQ: ITI), the global leader in applied informatics for
transportation and agriculture, today announced the Orange County
Transportation Authority (OCTA) has engaged with the company to conduct
a Vehicle-to-Infrastructure State of the Practice Review. The study will
cover connected vehicle technology between vehicles (V2V) and
vehicle-to-infrastructure (V2I) and will make recommendations for how
the OCTA can advance their development and use as the technologies and
their applications mature.
Connected Vehicle technology, which includes V2V and V2I communications,
such as the sharing of traffic signal data with vehicles, presents
enormous potential to reduce crashes on roadways. Iteris is at the
forefront of designing and implementing these technologies having
created the Connected Vehicle Reference Implementation Architecture (CVRIA)
for the USDOT and through the company’s involvement in Connected and
Autonomous vehicle testbeds in Ohio, Michigan and Virginia.
“Connected vehicle technology holds tremendous promise to prevent
crashes,” said Ramin Massoumi, general manager and senior vice president
of Transportation Systems at Iteris. “Understanding and advancing these
technologies will not only make our roadways safer, but also operate
more efficiently. With our study, OCTA will help to shape the roll-out
of V2V and V2I in its region and pave the way for other regions.”
The National
Highway Traffic Safety Administration estimates that safety
applications enabled by V2V and V2I could eliminate or mitigate the
severity of up to 80% of non-impaired crashes, including crashes at
intersections or while changing lanes.
Iteris has decades of experience in V2I standards in planning,
deployment, integration and operations. In addition to the CVRIA, the
company developed and maintains the United States’ Intelligent
Transportation System (ITS) architecture since 1996, and this year
Iteris will combine the two architectures to further build-out the
guidelines for connected vehicle and smart community initiatives.
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," “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
review and effects of conducting a review. 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 successfully complete the review and make
recommendations; government funding and budgetary issues, and potential
related funding delays; effects of connected vehicle technology, reviews
and recommendations; implementation by the agency of recommendations
made to the agency; 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 Iteris, Inc.,
including additional risk factors that may affect our forward-looking
statements, is contained in our Annual Report on Form 10-K, our
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170420005264/en/
Source: Iteris, Inc.
Iteris Contact
Tom Roberts, 949-270-9572
tlr@iteris.com
or
Iteris
Investor Contact
Todd Kehrli, 323-468-2300
iti@mkr-group.com