Press Release
New Initiatives will Improve Traffic Management in Major California Central Valley City
- Deals demonstrate continued expansion of Iteris’ operations services business
- Projects leverage the company’s intelligent transportation systems planning and traffic signal operations expertise
- Initiatives support Modesto’s goal of improving safety and mobility for the city’s road users
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190618005429/en/
Iteris Awarded Strategic Planning and Traffic Signal Timing Projects from
The two one-year projects include the development of a citywide transportation technology master plan, as well as signal coordination and timing improvements.
The ultimate goal of the traffic signal synchronization project is to
generate optimal timing plans for each of the 156 intersections located
outside the downtown area. By properly timing the intersections and
implementing optimized time-of-day plans, this project will balance
capacity and flow to reduce vehicular stops through the system and
facilitate movement of all modes of transportation during peak hours.
This project will ensure local residents and visitors have a pleasant
experience when navigating through the
“We are proud to support the City of Modesto’s goal of improving the
safety and mobility of its road users by embarking on this strategic
plan and traffic signal synchronization project,” said
Work is currently underway on both projects, which follow traffic signal
synchronization programs with the
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," “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 awarded projects. 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 provide the services and deliverables on a
cost-effective basis; government funding and budgetary issues, and
potential impacts related funding delays; changes in requirements to
upgrade the traffic signal infrastructure; availability of resources,
such as components and equipment necessary to perform the work for the
projects; 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20190618005429/en/
Source:
Iteris Contact
David Sadeghi
Tel: (949) 270-9523
Email:
dsadeghi@iteris.com
Investor Relations
MKR Investor Relations, Inc.
Todd
Kehrli
(323) 468-2300
Email: iti@mkr-group.com