Iteris Wins $1.5 Million Contract for Smart City Upgrade Project Spanning 63 Intersections in Abilene, TX
SANTA ANA, Calif. – (Nov. 15, 2017) – Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, has been awarded a $1.5 million contract for a traffic-signal upgrade project from the City of Abilene, TX.
Iteris will upgrade 63 intersections with new equipment, including a wireless broadband-radio communications system that will provide faster communications throughout Abilene and increase the city’s ability to respond to citizen concerns more quickly. Additionally, the system will allow city traffic technicians to respond to problems remotely, saving the city time and money by reducing the need to drive to intersections and enabling them to resolve issues more quickly and improve safety.
“Iteris is pleased to continue to provide design, construction and integration solutions for the City of Abilene,” said Todd Kreter, senior vice president and general manager, Roadway Sensors at Iteris. “This turnkey solution will result in an accelerated schedule and a streamlined implementation of transportation management solutions, improving mobility in the community and moving the city one step further in their smart city journey.”
In addition to the system design and integration services, upgrades will include Iteris’ advanced vehicle detection systems including VantageNext® and Vantage Vector® (a hybrid detection system that utilizes video and radar); a city-wide wireless broadband radio communications network; new traffic signal controllers; new traffic signal control cabinets; and managed Ethernet switches that allow the wireless communications to be shared by all of the hardware systems.
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.
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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 timing, success, impact, and benefits of the awarded contract and the design, construction and integration 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 and timely deliver, and do so in a cost effective manner; government funding and budgetary issues, and potential related scheduling and funding delays; impacts of third party suppliers, including availability and continuity of radio communication services provisioned through wireless broadband; impact of influences and variances of general economic, political, environment, and other conditions; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. 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).
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