New Contract Expected to Extend the Company’s Market Penetration in
Iteris’ new IDIQ contract is assigned to the TxDOT San Antonio district, an area known for its smart transportation and traffic engineering innovations. The company anticipates task orders for traffic signal design and timing, as well as intelligent transportation systems planning and integration.
“We are proud to be selected again by TxDOT to support important
infrastructure projects in the state of Texas,” said
In April of this year,
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," “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 success and benefits of our services and statements about anticipated task orders related to the project. 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 carryout and complete the
project; our ability to effectively improve upon and integrate existing
transportation designs; government funding and budgetary issues, and
potential related funding delays; 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