Project Will Improve Traffic Flow and Communication Infrastructure on
Pacific Coast Highway – a Major Corridor in Newport Beach
SANTA ANA, Calif.--(BUSINESS WIRE)--Jul. 12, 2016--
Iteris,
Inc. (NASDAQ: ITI), the global leader in applied informatics for
transportation and agriculture, today announced it has been awarded a
$2.1 million traffic signal synchronization and communication upgrade
project by the Orange County Transportation Authority (OCTA). The
project continues OCTA’s ongoing mobility enhancements and includes
upgrades to traffic signal infrastructure and signal timing improvements
along a heavily traveled nine-mile stretch of the Pacific Coast Highway
(PCH) in Newport Beach. This major corridor is operated by the City of
Newport Beach and Caltrans and is known locally as Mariner’s mile. Work
on the project is expected to commence immediately.
Iteris will design and implement traffic
signal system infrastructure and fiber-optic communications
equipment, and synchronize all traffic lights along the PCH corridor.
PCH is a major artery that is used by travelers and commuters, and also
serves as the main access road to famous destinations such as Mariner’s
Mile shops, the well-known beaches of Newport Beach, and shopping at
Fashion Island. The primary goal of the project is to improve traffic
flow efficiency and safety for all users including vehicles, buses,
bicycles, and pedestrians.
“This project builds on the OCTA’s leadership of technology deployment
through synchronizing traffic signals and system upgrades for efficient
travel,” said Ramin Massoumi, senior vice president of transportation
systems at Iteris. “Signal synchronization and system upgrades are at
the core of efficient travel as they provide a wide range of benefits,
from improving safety and reducing delays to improving air quality and
reducing fuel consumption. This project also represents a significant
step in preparing for expansion into the building of Smart Communities
with new and expanded communications infrastructure, ensuring
transportation information is easily collected and shared. OCTA
proactively manages mobility conditions for a better travel experience,
and we appreciate our continued relationship with them.”
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, healthier
and productive. Visit www.iteris.com
for more information.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
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 timing, success, impact, and
benefits of the awarded contract and the design and implementation
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 deliver; government funding and
budgetary issues, and potential related scheduling and funding delays;
impacts of deploying traffic signal system upgrades and synchronization
of traffic lights; impact of influences and variances of general
economic, political, environment, and other conditions; and the
potential impact of product and service offerings from competitors and
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/20160712005403/en/
Source: Iteris, Inc.
Iteris
Tom Roberts, (949) 270-9572
tlr@iteris.com
