Iteris Awarded $1.5 Million Inland Empire 511 Traveler Information System Contract
-- The contract will provide a comprehensive, multi-media, traffic, and transit information system to the Inland Empire region of Southern California --
Santa Ana, Calif. ? Iteris, Inc., a leader in the traffic management market that focuses on the application and development of advanced technologies, today announced that the Riverside County Transportation Commission (RCTC), in a cooperative venture with the San Bernardino Associated Governments (SANBAG), has awarded a contract to Iteris for the rapid deployment of a 511 traveler information system for the Inland Empire region of Southern California. The $1.5 million, three-year contract is intended to provide this high growth area to the east of Los Angeles with a comprehensive, multi-media, traffic, and transit information system. Work on the project has already begun.
Under the new RCTC contract, Iteris will update the RCTC traffic map and Interactive Voice Response (IVR) telephone system which includes the entire southern California region. The interactive map will display travel times on major highways, changeable message signs, as well as display incidents and SigAlerts as reported by the California Highway Patrol.
The RCTC partnership with SANBAG leverages over 20 years of a cooperative relationship that exists between the two agencies with respect to providing rideshare and alternative commute services to their constituents. In addition, the agencies are building upon a previously established relationship with the Los Angeles County Department of Public Works (DPW) which allows the RCTC use of a traffic map and underlying IVR system selected by the DPW through a competitive process which resulted in a contract award by the DPW to Iteris.
?Having investigated various options for collaborating with parallel traveler information systems developments in adjoining counties, RCTC unanimously endorsed a recommendation by staff for the RCTC and SANBAG to jointly deploy an Inland Empire specific 511 system,? stated Robert Yates, RCTC Multimodal Services Director. ?We feel this best serves the needs of the residents, commuters, and freight operators in the two counties.?
?Iteris very much appreciates the confidence displayed by the RCTC and SANBAG in awarding this work to the company.? said Abbas Mohaddes, president and chief executive officer of Iteris. ?We look forward to expanding Iteris? traveler information systems services in the Inland Empire and improving the mobility for the over 4 million residents of the region.?
About Iteris, Inc.
Iteris, Inc. is a leader in the traffic management market 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 North America, 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, political, 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).
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