Agriculture Biotech Pioneer to Accelerate ClearAg Digital Farming
Platform Expansion
SANTA ANA, Calif.--(BUSINESS WIRE)--Feb. 28, 2017--
Iteris,
Inc. (NASDAQ: ITI), the global leader in applied informatics for
transportation and agriculture, today announced that Scott Deeter,
president and CEO of Ventria, has been elected to its Board of Directors.
Deeter has served as Ventria's President and CEO and as a director since
2002. Ventria is the first company to commercialize recombinant proteins
derived from a plant-based manufacturing system.
“We are very pleased for Scott to join Iteris as an independent
director,” said Tom Thomas, Chairman of the Board for Iteris. “Our
entire board is impressed with Scott’s proven business acumen and
insights into emerging markets for technology, as well as his broad
understanding of the agriculture value chain. As a highly regarded
entrepreneur, Scott will contribute substantial value to Iteris, drawing
on his extensive background in pioneering and commercializing new
technologies.”
“Iteris
ClearAg® delivers science-based insights to make agriculture more
sustainable and productive,” said Deeter. “There is a profound need to
optimize the use of farmland to generate food, fiber and fuel for
billions of people now and in the future. ClearAg, which is used by
growers, crop scientists, and field service personnel around the world,
is uniquely positioned to address this critical challenge.”
Prior to Ventria, Deeter served as President and CEO and as a director
of CyberCrop, a supply chain software company connecting producers with
their markets to optimize quality, logistics and efficiency. Previously,
Mr. Deeter started and led a joint venture between Cargill and F.
Hoffmann-La Roche that commercialized pharmaceutical intermediates and
functional food ingredients. Earlier in his career he was a member of
the Technology and Life Sciences Group of Salomon Brothers. He is a
graduate of the University of Kansas (BSc-Economics); University of
Chicago (MBA); and London School of Economics (MSc-Economics).
About Iteris, Inc.
Iteris is the global leader in applied informatics for transportation
and agriculture, turning big data into big breakthrough solutions. We
collect, aggregate and analyze data on traffic, roads, weather, water,
soil and crops to generate precise informatics that lead to safer
transportation and smarter farming. Municipalities, government agencies,
crop science companies, farmers and agronomists around the world use our
solutions to make roads safer and travel more efficient, as well as
farmlands more sustainable, healthy and productive. Visit www.iteris.com
for more information.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
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," "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 impact and expected contribution of our new director. 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, impact the new director will have on the company; our
ability to be (and remain) competitive in new and existing market
segments, and the impact of general economic, political and other
conditions in the markets we address. Further information on Iteris,
Inc., including additional risk factors that may affect our forward
looking statements, is contained in our Annual Report on Form 10-K, our
Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our
other SEC filings that are available through the SEC’s website (www.sec.gov).
View source version on businesswire.com: http://www.businesswire.com/news/home/20170228006700/en/
Source: Iteris, Inc.
Iteris Press Contact
Tom Roberts, 949-270-9572
tlr@iteris.com
or
Iteris
Investor Contact
Todd Kehrli, 323-468-2300
iti@mkr-group.com