SANTA ANA, Calif.--(BUSINESS WIRE)--Aug 22, 2023--
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a new contract by the City of La Habra in Orange County, California for a Regional Traffic Signal Synchronization Project focused on the Euclid Street corridor. The initiative—led by La Habra—will also include Caltrans and the surrounding cities of Fullerton, Anaheim, Garden Grove, Santa Ana, and Fountain Valley.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230822972386/en/
Iteris Awarded $1.3 Million Contract by the City of La Habra for a Regional Smart Mobility Initiative (Photo: Business Wire)
Under the terms of the five-year, $1.3 million agreement, Iteris will provide signal timing design, communication design, construction support, integration, operations and maintenance and will be using their ClearGuide ® SaaS solution to improve mobility throughout the corridor. It will impact 136 intersections and six agencies, and is funded by the Orange County Transit Authority ’s Regional Traffic Signal Synchronization Program (RTSSP).
With ClearGuide, Iteris traffic operations personnel can remotely monitor arterial travel times and reliability, identify congestion hotspots and prioritize retiming efforts. This capability enhances work to provide optimized signal timing performance across the Euclid Street corridor.
The ClearGuide solution is a key component of Iteris’ ClearMobility® Platform, the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. 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.
“We are proud to embark on this regional smart mobility, safety and sustainability project with the City of La Habra and corridor stakeholders,” said Steven Bradley, regional vice president, Mobility Professional Services at Iteris. “This initiative represents the continued expansion of Iteris’ managed services and SaaS solutions across the West Coast, and will ultimately help to increase the value, effectiveness and resilience of the corridor’s existing transportation infrastructure.”
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility® Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
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," “outlooks,” “target,” "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 benefits and impacts of our services and solutions. 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; government funding and budgetary delays, constraints and issues; adverse impacts of performance timing; project and contract cancellations; availability of resources, such as components and equipment, necessary to perform the work for the project; adverse impacts of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors. 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:https://www.businesswire.com/news/home/20230822972386/en/
CONTACT: Media Contact
Breanna Wallace
Tel: (949) 996-5348
Email:brwallace@iteris.comInvestor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
Email:iti@mkr-group.com
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: DATA MANAGEMENT STATE/LOCAL TECHNOLOGY PUBLIC RELATIONS/INVESTOR RELATIONS CONSULTING PUBLIC SAFETY COMMUNICATIONS PROFESSIONAL SERVICES OTHER TRANSPORT PUBLIC POLICY/GOVERNMENT GENERAL AUTOMOTIVE TRANSPORT AUTOMOTIVE SOFTWARE PUBLIC TRANSPORT
SOURCE: Iteris, Inc.
Copyright Business Wire 2023.
PUB: 08/22/2023 08:30 AM/DISC: 08/22/2023 08:30 AM
http://www.businesswire.com/news/home/20230822972386/en
