Press Release
New Three-year On-Call Agreement With Unlimited Ceiling Expands Company’s Market Penetration in Mid-Atlantic
- Program leverages Iteris’ smart mobility infrastructure management expertise and resources to support region’s goal of improving safety and mobility for all road users, while increasing sustainability.
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Iteris will deliver services including transportation system operations and management, connected and automated vehicle program support, and ITS planning under an open-ended on-call contract.
- Deal represents continued demand for Iteris’ mobility consulting services in a key geographic market.
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![Iteris Selected by Virginia Department of Transportation for Intelligent Transportation System Operations, Planning and Support Services (Photo: Business Wire)](https://mms.businesswire.com/media/20220413005114/en/1419205/4/road-intersection-P77Q68W.jpg)
Iteris Selected by
Under the terms of the three-year contract, which has an unlimited ceiling and is renewable for two one-year extensions,
This contract is federally approved and could be eligible for federal funds, including program budget authorized under the
“We are thrilled that
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 and capabilities and benefits of our specialized 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 provide our services in a cost-efficient manner; government funding and budgetary delays, issues and timing; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact of general economic, political and other conditions in the markets we address. Further information on
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