Press Release
Agriculture and Weather Analytics Segment’s FY19 Net Bookings Total
The segment’s full-year net bookings reflect significant and sustained
demand for both
Recent notable Agriculture and Weather Analytics new customer bookings include:
- A leading crop science company focused in the field of biologics will integrate ClearAg’s environmental intelligence into the crop science company’s crop modeling platform.
- RiceTec, a leading developer of rice seed technology, will use ClearAg’s machine learning platform to develop advanced rice seed models.
- A leading international contract research organization in the field of agroscience, Staphyt Agrosciences, selected ClearAg for use in 19 countries.
- Two irrigation solution providers, including CropMetrics, will integrate ClearAg’s environmental intelligence into their unique irrigation solutions offerings.
-
A national agricultural agency in the
UK , theAgriculture & Horticulture Development Board , ingested ClearAg hyperlocal current and forecast weather data into the board’s WeatherHub. - Several leading European allied providers, including Hummingbird Technologies and Dacom Farm Intelligence, will embed ClearAg APIs and/or visualization components into their solutions.
“We are excited by the response from our target customer base to the
solutions-oriented approach we introduced in FY19,” 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,” “outlooks,” “target,” “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, and benefits of the new customer bookings and the performance, functionality and utility of our products and 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 provide the products and services on a
cost-effective basis; government funding and budgetary issues, and
potential related scheduling and funding delays; the impacts of general
economic, political, and other conditions in the markets we address; the
future adoption of our Agriculture and Weather Analytics technologies in
the markets we address; customer’s dedication of resources and ability
to achieve market acceptance for its own products and services; and the
potential impacts 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/20190425005270/en/
Source:
Iteris Contact
David Sadeghi
Tel: (949) 270-9523
Email:
dsadeghi@iteris.com
Investor Relations
MKR Investor Relations, Inc.
Todd
Kehrli
Tel: (323) 468-2300
Email: iti@mkr-group.com