Two-year Agreement to Serve as “Launchpad” for Further Projects in “Key Strategic Market”
- Initiative will improve safety and efficiency throughout the city’s transportation network
- Iteris has upgraded the transportation systems and infrastructure at the city’s intersections
- Agreement included the deployment of advanced video detection technology, traffic controllers, and communications network and traffic management center upgrades
SANTA ANA, Calif. – November 27, 2018 – Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced an ongoing $1.8 million initiative with the City of College Station to upgrade key transportation systems and infrastructure throughout the east-central Texas city.
The two-year initiative has already upgraded the city’s intersections to Iteris’ industry-leading intersection management devices, including the deployment of traffic controllers, video detection sensors, Bluetooth and fiber-optic communications devices and systems, CCTV cameras, and two new traffic management center video walls. The project will also ensure the city’s transportation infrastructure is compatible with the next generation of connected and autonomous vehicles. With the continuation of the project, Iteris will be helping College Station extend its fiber communication network and installing digital message signs (DMS) along key corridors to get vital information to motorists during incidents and special events such as Texas A&M football games. This technology is critical to the movement of vehicles after each A&M football game since the freeway system is located over a mile away from the stadium.
“We are thrilled to entrust Iteris with the design, upgrade and deployment of key transportation systems and infrastructure across our city’s intersections,” said Troy Rother, traffic engineer at the City of College Station. “As the home of Texas A&M University, it is vital that College Station leads the way in transportation innovation. And with Iteris’ state-of-the-art detection and traffic management systems, residents can expect safer, more efficient mobility, as well as the reassurance that the city will be prepared for the next generation of connected vehicles.”
“We are pleased to be able to work alongside the City of College Station to provide systems to enhance safety and mobility in this vibrant university town,” said Nader Ayoub, regional vice president, Roadway Sensors at Iteris. “Texas is a key strategic market for Iteris and projects like this serve as a launchpad for statewide deployments of our advanced video detection and traffic management technology.”
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 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 success and benefits of our products and 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 carry out and timely complete the contract in a cost efficient manner; changes in the technologies or strategies related to autonomous/connected vehicles; our product or third party product delays and/or issues; government funding and budgetary issues, and potential related funding delays; the impact of general economic, political, and other conditions in the markets we address; 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).
Tel: (949) 270-9523
MKR Group, Inc.
Tel: (323) 468-2300