Press Release
LA Metro Selects Iteris to Support Two High-Occupancy Toll Lane Conversions in Los Angeles County’s
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Projects will help to reduce congestion, improve mobility, and provide more routing flexibility and traffic efficiency for around 600,000 daily highway users across more than 25 freeway miles in
Los Angeles County . -
Iteris will provide services in the areas of traffic forecasting, microsimulation and development of concept of operations as part of the freeway system improvement strategy for two of the region’s most congested corridors. -
Deal demonstrates growing demand for Iteris’ specialized consulting services in
California , a key geographic market.
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Iteris Awarded Contracts Totaling
Under the terms of the two sub-contract agreements with
The concept of HOT lanes is a managed lane system that helps to improve the operations of a corridor by combining high-occupancy vehicle (HOV) lanes, commonly known as carpool lanes, with dynamic pricing strategies. In contrast to HOV lanes, HOT lanes allow single-occupant vehicles to use the HOT lanes to save travel time if they choose to pay the applicable toll.
“We are proud to be part of the multi-disciplinary development teams that will plan and design the conversion of HOV lanes to HOT lanes – an increasingly popular freeway system improvement strategy – in two of the most congested corridors in Los Angeles County,” said
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 awarded contracts, the project, and our consulting 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 cost effectively; agency budgetary constraints; utilization needs of the agency for the services subject to the contract (e.g., seasonality); performance timing and cancellation of task orders; and the potential impact of product and service offerings from competitors. Further information on
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