Press Release
New
- Agreement is the sixth major contract awarded to
Iteris by TxDOT in the past three years - New contract award accelerates Iteris’ geographic expansion in one of the “largest and most progressive” national transportation markets
- Task orders expected in the areas of traffic signal timing, traffic signal operations and signal communication analysis to improve mobility and safety
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Iteris Wins New Texas DOT IDIQ Contract for Smart Transportation and Traffic Engineering Services (Photo: Business Wire)
The company anticipates task orders for traffic signal timing, traffic signal operations and signal communication analysis.
“We are proud to be selected again by TxDOT to support important
infrastructure projects in the state of
With this contract, which was awarded in
In
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 potential up to total value, success, impact, and benefits of the awarded contract. 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 perform the services cost
effectively; agency funding and budgetary timing, allocations and
constraints; utilization needs of the agency for the services subject to
the contract (e.g., seasonality); impact of adverse influences and
variances of general economic, political, environmental, and other
conditions in the markets we address; performance timing and
cancellation of task orders; 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/20190510005025/en/
Source:
Iteris Contact
David Sadeghi
Tel: (949) 270-9523
Email:
dsadeghi@iteris.com
Investor Relations
MKR Investor Relations, Inc.
Todd
Kehrli
Tel: (323) 468-2300
Email: iti@mkr-group.com