Press Release
Five-year Initiative with Contract Ceiling of
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Program leverages Iteris’ traffic signal operations expertise to support region’s goal of improving the safety and mobility for all road users
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Timing improvements will be made at key intersections throughout Florida’s
District 7 , which houses over 1,100 signalized intersections, representing almost 20% of signalized intersections in the state
- Deal represents continued demand for Iteris’ specialized consulting services in a key geographic market
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The five-year program includes signal coordination and timing improvements at key intersections throughout Florida’s
Under the terms of the agreement,
The primary goal of this project is to implement optimized coordination timing plans to achieve optimal traffic flow, and improve safety for all road users, including vehicles, buses, bicycles and pedestrians.
“We are proud to support FDOT’s goal of improving the safety and mobility of road users by leading this traffic signal retiming program,” 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 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 deliver our services in a timely and cost-effective basis; government funding and budgetary issues and delays; the impacts 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
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Media Contact
Tel: (949) 270-9523
Email: dsadeghi@iteris.com
Investor Relations
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(213) 277-5550
Email: iti@mkr-group.com
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