Press Release
Three-year Initiative will Improve Traffic Flow and Safety Across 15
Cities in
- Contract demonstrates demand for Iteris’ new “intersection-as-a-service” offering and the company’s traffic signal synchronization business
- Initiative will improve signal timing and safety across 1,250
intersections covering over 250 square miles in the
San Bernardino Valley area
Under the three-year
The initial service orders address traffic signal timing improvements,
semi-annual assessments and ongoing maintenance both within cities and
across jurisdictional boundaries for 1,250 signalized intersections. The
service orders span 16 agencies:
“We are proud to support the SBCTA’s goal of improving the safety and
mobility of its road users with this expansive traffic signal
synchronization project, which demonstrates demand for Iteris’
intersection-as-a-service offering and represents the continued
expansion of our advanced signal timing services in southern
California,” 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," "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 success, impact, and benefits of the awarded contract and the related task orders. 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 perform the contract on a cost-effective
basis; agency funding and budgetary allocations and constraints;
performance timing and cancellation of contract or task orders; impact
of influences and variances of general economic, political, environment,
and other conditions; and the potential impact of product and service
offerings from competitors. Further information on
View source version on businesswire.com: https://www.businesswire.com/news/home/20180626005082/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