Press Release
New Contract Continues to Expand the Company’s Market Penetration in
- Agreement is the third major contract awarded to
Iteris by TxDOT in the past 14 months - New contract award accelerates Iteris’ geographic expansion in one of the “largest and most progressive” national transportation markets
- Task orders expected in the areas of traffic signal design and timing, and ITS planning and integration
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Iteris Wins New Texas DOT IDIQ Contract for Smart Transportation and Traffic Engineering Services (Photo: Business Wire)
This contract represents a TxDOT multi-district IDIQ for TxDOT Austin, TxDOT San Antonio, TxDOT Houston and TxDOT statewide. The company anticipates task orders for traffic signal design and timing, as well as intelligent transportation systems planning and integration.
“We are proud to be selected again by TxDOT to support important
infrastructure projects in the state of
In
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 our design, planning and integration services and statements about the impacts and value of 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 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20180530005528/en/
Source:
Iteris Contact
David Sadeghi, 949-270-9523
dsadeghi@iteris.com
or
Investor
Relations
MKR Group, Inc.
Todd Kehrli, 323-468-2300
iti@mkr-group.com