Iteris Secures $547K Contract from the Utah Department of Transportation for Vehicle and Pedestrian Support Services Iteris to Provide All ITS Design Services for the I-35W Emergency Design-Build Contract to Replace the Mississippi River Bridge -
SANTA ANA, Calif., Jan 07, 2008 (BUSINESS WIRE) -- Iteris, Inc. (AMEX:ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, today announced it was awarded a contract valued at $547,000 from the Utah Department of Transportation (UDOT) to provide statewide vehicle and pedestrian detection support services.
"Iteris has been involved in many UDOT traffic management projects over the years and we are excited to continue our support in this region with the implementation of vehicle and pedestrian improvements statewide," said Abbas Mohaddes, president and chief executive officer for Iteris. "We have always enjoyed great working relationships with the UDOT Region traffic and signal engineers and local contractors. Iteris brings a highly-energetic, experienced and pro-active staff that has the ability to think on their feet and do whatever is necessary to ensure project quality and the satisfaction of UDOT."
Iteris will provide a variety of services as part of this contract which include: technical field engineering, the preparation of detection evaluation guidelines, investigation of known detection problems, and the supervision of contractor repairs. Iteris is a specialist in vehicle and pedestrian detection and has successfully provided similar services to many other agencies.
UDOT has recently obtained funding to focus on improving and repairing vehicle and pedestrian detection and bring it back to full operation at all state maintained traffic signals. Iteris will help UDOT track these funds, demonstrate measurable benefits and utilize the available funding to repair detection and provide improved signal operations.
Work on this contract began last month and the expected completion date is the end of 2008. Having completed numerous projects for the State of Utah, Iteris has over 40 years of cumulative, direct UDOT experience with a comprehensive background in all UDOT detection systems and technologies.
About Iteris, Inc.
Iteris, Inc. is a leader in the traffic management market. Iteris is focused on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion and improve the safety of surface transportation systems. Combining outdoor image processing, traffic engineering and information technology, Iteris offers a broad range of Intelligent Transportation Systems and driver safety solutions to customers worldwide. Iteris is headquartered in Santa Ana, California with offices throughout the U.S., Europe and Asia. Investors are encouraged to contact us at 888-329-4483, or at www.iteris.com.
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," "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 success and timing of this project and our future prospects.
Important factors that may cause such a difference include, but are not limited to our ability to specify, develop and complete our technologies in a timely manner; budget constraints and changing governmental priorities; the timing and successful completion of this contract; the potential unforeseen impact of product offerings from competitors and other competitive or governmental pressures; and the general economic and political conditions and specific 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).
SOURCE: Iteris, Inc.
CONTACT: Brett Maas, 646-536-7331