Iteris Awarded $12.4 Million Contract for National ITS Architecture Evolution and Support

• Posted 04/04/2012

-- Five-Year Award Extends Iteris? Relationship with the Research and Innovative Technology Administration Division of the US DOT--

SANTA ANA, Calif. ? April 4, 2012? Iteris, Inc., the leader in traffic management solutions, has been awarded the prime contract from the Research and Innovative Technology Administration (RITA) for the National Intelligent Transportation Systems (ITS) Architecture Evolution and Support Program. The award has a ceiling valued at $12.4 million over a five-year period.

Over the last fifteen years, Iteris has provided the federal government support in developing the National ITS Architecture and facilitating its implementation across the country. The task order-based contract, which is expected to begin in April 2012, has a two-year base period and includes three one-year options that would extend through 2017. The initial two-year base period task order is anticipated to be $4.9 million with a significant portion allocated to support connected vehicle systems architecture maintenance and alignment. With all options, the total potential value of the contract could reach $12.4 million. As part of this project, Iteris leads a team of ITS experts from companies that include: Lockheed Martin, Consystec Corporation, and Ice & Associates.

?The National ITS Architecture Program has been a corner stone of the Federal ITS Program,? said Abbas Mohaddes, president and CEO of Iteris. ?This program has evolved as ITS has expanded. We are delighted to have the opportunity to continue assisting RITA in both the National Architecture program as well as connected vehicle initiatives. These prestigious and important programs are expected to play a key role in the next phase of ITS evolution and implementation across the county.?

Since the late 1990s, the National ITS Architecture has been used as the basis for the development of over 270 regional, state, and local ITS architectures. The National ITS Architecture Program has provided guidance, tools, and technical support to municipalities to aid in these developments and facilitate their use in successful ITS deployment.

Connected Vehicles is a major initiative focused on the development and deployment of a fully connected transportation system that makes the most of multi-modal, transformational applications requiring a robust, underlying technological platform. The platform is a combination of well-defined technologies, interfaces, and processes that, combined, ensure safe, stable, interoperable, reliable system operations that minimize risk and maximize opportunities.

About Iteris, Inc.

Iteris, Inc. is the market leader in providing Traffic Information Management Solutions to the Intelligent Traffic Management Industry. Our decades of expertise in traffic management, along with superior services and patented products help: detect, measure, and manage traffic and vehicular performance; minimize traffic congestion and inform and empower our clients with solutions to better manage their transportation networks. The firm is headquartered in Santa Ana, California with offices nationwide and in the Middle East. Investors are encouraged to contact us at 1-888-329-4483 or at www.iteris.com.

About RITA

RITA coordinates the U.S. Department of Transportation's research and education programs, and is working to bring advanced technologies into the transportation system. RITA also offers vital transportation statistics and analysis, and supports national efforts to improve education and training in transportation-related fields. RITA works to ensure that the nation's transportation research investments produce results for the American people. For more information please visit www.rita.dot.gov.

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 and service offerings from competitors and other competitive or governmental pressures; and the general economic, political, and specific conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward looking lable through the SEC's website (www.sec.gov).

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