Press Release
12-month Contract Extension will Continue to Improve Safety and Mobility Across 16 Municipalities in
- Traffic signal timing will be improved for up to 1,250 intersections throughout the 250-square-mile area
- Iteris’ ClearGuide SaaS solution will be used to conduct before-and-after analysis on retimed corridors
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Deal demonstrates growing demand for Iteris’ software-enabled managed services in
California , a key geographic market
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Iteris Awarded Traffic Signal Synchronization Services Contract Extension from
Under the terms of the 12-month on-call contract extension,
The new service orders address traffic signal timing improvements, and ongoing traffic device and infrastructure maintenance both within cities and across jurisdictional boundaries for up to 1,250 signalized intersections on an as-needed basis. The service orders span 16 agencies: the Cities of
Iteris’ software-enabled managed services offering is a key component of the ClearMobility™ Platform, the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.
“We are proud to continue to support the SBCTA’s goal of improving safety and mobility in the
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," "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 new service orders, and capabilities, benefits and impacts of our managed services and ClearGuide solution. 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 our services and solutions in a cost-efficient manner; the accuracy and completeness of data for our solutions to analyze and measure; government funding and budgetary delays, issues and timing; our ability to introduce, market and gain broad acceptance of our service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact of general economic, political and other conditions in the markets we address. Further information on
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Iteris Contact
Tel: (949) 270-9523
Email: dsadeghi@iteris.com
Investor Relations
MKR Investor Relations, Inc.
Tel: (213) 277-5550
Email: iti@mkr-group.com
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