New Contract to Continue Iteris’ Expanding Education Program with the
Federal Highway Administration and National Highway Institute
SANTA ANA, Calif.--(BUSINESS WIRE)--Nov. 7, 2017--
Iteris,
Inc. (NASDAQ: ITI), the global leader in applied informatics for
transportation and agriculture, has been awarded a new indefinite
delivery/indefinite quantity (IDIQ) contract worth up to $9.5 million
from the Federal Highway Administration (FHWA) to develop, update, and
deliver the National Highway Institute’s (NHI) financial management,
business, public administration, quality, civil rights, highway safety
and communications training.
Since 2001, Iteris has been an agency of record for the FHWA and NHI,
providing training programs for both sub-divisions of the United States
Department of Transportation. Under this new contract Iteris will
advance the state of practice and implement best practices for the FHWA
financial management, business, public administration, quality, civil
rights, highway safety and communication program areas. Training courses
are delivered to staff from federal, state, regional and local
transportation agencies.
“We are thrilled that FHWA renewed their confidence in our ability to
deliver this very important program,” said Ramin Massoumi, senior vice
president and general manager, Transportation Systems at Iteris. “Our
track record of developing and delivering training courses with
instructional system design techniques, paired with our nationally
renowned subject matter experts will allow us to continue to provide
outstanding education services to state and local agencies nationwide.”
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.
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
and benefits of the awarded contract and the performance and quality of
the training and education services. 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 and timely deliver the services;
government funding and budgetary issues, and potential
scheduling-related and funding delays; the potential impact of new
practices and changes to practices for federal, state and other
transportation agencies; 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, including without
limitation, 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 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).
View source version on businesswire.com: http://www.businesswire.com/news/home/20171107005248/en/
Source: Iteris, Inc.
Iteris
David Sadeghi, (949) 270-9523
dsadeghi@iteris.com
or
Iteris
Investor Contact
Todd Kehrli, (323) 468-2300
iti@mkr-group.com