Press Release
Multi-Year Agreement Will Combine Traffic Data from Both Companies to Deliver Industry-Leading Mobility Intelligence Solutions to Existing Customers and New Markets
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New agreement addresses the pandemic “new normal” for returning traffic volume but increased traffic variability.
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Combination of enhanced traffic incident data from TTWN and
Iteris , and integration ofIteris traffic flow enables new mobility insights for TTWN’s broadcast media clients.
- Deal reflects growing demand from more markets for accurate, actionable traffic information from public transportation agencies, radio and TV broadcasters, automotive OEMs, logistics operations, insurance providers, construction firms and non-traditional market sectors.
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![Total Traffic & Weather Network and Iteris Expand Nationwide Partnership (Photo: Business Wire)](https://mms.businesswire.com/media/20220421005142/en/1426945/4/alexander-popov-Xbh_OGLRfUM-unsplash.jpg)
Total Traffic &
As part of the expanded multi-year partnership, TTWN will broaden its coverage of award-winning, real-time traffic incident data provided to
Enabled by the ClearMobility Cloud, Iteris’ mobility data management engine, application programming interface (API) framework and microservices ecosystem, this data integration will support TTWN’s expansion into new vertical markets, including local, regional, state and federal transportation agencies, construction firms, insurance companies, fleet operators, and delivery companies.
The new agreement enables
The expanded partnership coincides with the return of traffic congestion. In many markets traffic is back to pre-pandemic levels, but peak congestion times have shifted and occur at much more variable times. This “new normal” is driving an increased need for accurate, comprehensive data on traffic flows and incidents, which this expanded partnership delivers.
“We are excited to extend and expand our partnership with Total Traffic & Weather Network to provide radio and television broadcasting partners, and automotive OEMs throughout
“Traffic is back, but typical traffic patterns have changed. This extension of our collaboration with
About Total Traffic & Weather Network
Total Traffic & Weather Network is the leading provider of traffic, transit and weather information in
About
Iteris’ traffic flow and incident data feeds and APIs are key components of the ClearMobility Platform. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.
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 capabilities and benefits of ClearMobility Platform. 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 and products in a cost-efficient manner; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures, such as competitors’ patent coverage and claims; 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005142/en/
Total Traffic & Weather Contact
Tel: (419) 351-5145
Email: jennifersavage@iheartmedia.com
Iteris Media Contact
Tel: (949) 270-9523
Email: dsadeghi@iteris.com
Iteris Investor Relations
MKR Investor Relations, Inc.
Tel: (213) 277-5550
Email: iti@mkr-group.com
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