Iteris $5.5 Million Contract Award for Initial Design Phase Scheduled for 2018 Completion; Work Started in March.
SANTA ANA, Calif. – October 03, 2017 – Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today confirmed a $5.5 million initial contract for its role on the I-405 Improvement project for one of the busiest freeway segments in the nation, located in Orange County. Iteris’ initial work on the project involving infrastructure design started in March and is expected to run through 2018.
The I-405 Improvement project has a total budget of more than $1 billion and is the largest-scale project undertaken by Orange County Transportation Authority (OCTA), in cooperation with Caltrans. Iteris is responsible for the freeway intelligent transportation systems (ITS) and Express Lane infrastructure design, temporary ITS infrastructure for use during construction, development of the project traffic management plan, and signal design at 42 intersections throughout the corridor. ITS and Express Lanes elements to be designed include changeable message signs, CCTV cameras, vehicle detection, ramp metering, and communications networks for both ITS and the Express Lanes. The widening project will add a total of four lanes: two general purpose lanes and two tolled express lanes.
“This iconic project brings together the best practices for project design and delivery for smarter mobility,” said Ramin Massoumi, general manager and senior vice president of Transportation Systems at Iteris. “The ITS design incorporates leading technologies to ensure safety of motorists, simplified traffic management and improved travel times.”
An OCTA study concluded that by 2040, travel during rush hour through the regular lanes of this 16-mile stretch of I-405 will take only 29 minutes. The commute can be reduced to 13 minutes if a driver chooses to take the new Express Lanes. Without the widening project, it would take two hours and 13 minutes to travel the same stretch in regular lanes and two hours in the current carpool lanes.
Iteris is leading numerous ITS design and communication infrastructure projects nationwide, enabling smart mobility and smart communities. Iteris’ Transportation Systems business unit provides advanced design, real-time data analytics, and actionable informatics, to safely improve mobility within communities and ready the roadways for connected/autonomous vehicles in smart cities.
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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