Press Release
Multi-year contract expands company’s market penetration in key geographic market
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Iteris Wins New
IDOT District One serves the Chicagoland area, one of the most populous urban areas in the nation. Located in northeastern
Under the terms of the multi-year,
The project will support IDOT’s Long Range Transportation Plan (LRTP) as well as their ADA Transition Plan, which together seek to provide innovative, sustainable, and multimodal transportation solutions while making Illinois’ transportation systems accessible to all.
“We are thrilled to support IDOT’s goals of improving safety, mobility, and accessibility to intersections and roadways by embarking on this project,” 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," “feels,” "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “could,” “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 our mobility professional 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 successfully perform the services on a cost effective basis; agency funding and budgetary allocations and constraints; utilization needs of the agency for the services subject to the contract (e.g., seasonality); impact of adverse influences and variances of general economic, political, environmental, and other conditions; performance timing and cancellation of task orders; and the potential impact of product and service offerings from competitors. Further information on
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Media Contact
Tel: (949) 996-5348
Email: brwallace@iteris.com
Investor Relations
MKR Investor Relations, Inc.
Tel: (213) 277-5550
Email: iti@mkr-group.com
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