Press Release
Initiative will Improve Traffic Flow and Safety, and Reduce Carbon Emissions Across Seven
-
Program leverages Iteris’ smart mobility infrastructure management expertise to support region’s goal of improving safety and mobility for all road users, while increasing sustainability across key arterials and highways in
Central Florida . -
Over 1,000 signals across the seven
Florida counties will benefit. - Deal represents continued market share growth for Iteris’ specialized consulting services in a key geographic market.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221011005462/en/
![Iteris Awarded $1 Million Extension for Continued Support of Florida Department of Transportation Initiative for Regional Smart Mobility, Safety and Sustainability (Graphic: Business Wire)](https://mms.businesswire.com/media/20221011005462/en/1597608/4/FDOT_extension.jpg)
Iteris Awarded
This extension supports an original initiative that
“We look forward to furthering our work with FDOT to improve the safety, mobility and sustainability of Florida roads, but today our thoughts go to the
Under the terms of the professional services work order extension, Iteris’ engineers will be embedded at FDOT’s Regional Traffic Management Center, addressing incident management, timing adjustments, corridor retiming and workforce development. Over 1,000 signals in
The overall project will reduce delays and stops on key corridors to reduce CO2 emissions and fuels consumption, leading to a more sustainable environment and better air quality.
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 extension and our 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 perform the services on a cost-effective basis; government funding and budgetary issues and potential related scheduling and funding delays; adverse impacts related to performance timing and cancellation of an awarded contract; adverse impacts of general economic, political, and other conditions in the markets we address; 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/20221011005462/en/
Media Contact
Tel: (949) 996-5348
Email: brwallace@iteris.com
Investor Relations
MKR Investor Relations, Inc.
Tel: (213) 277-5550
Email: iti@mkr-group.com
Source: