Multi-year Contract Allows Agencies Nationwide More Rapid Access to Iteris’ Consulting Services
FAIRFAX, VA – August 25, 2022 – Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, announced that it has been awarded a Multiple Award Schedule (MAS) by the General Services Administration (GSA).
This government-wide contract is currently effective until 2027 and provides federal, state and local government buyers with quick access to Iteris’ consulting services. Listed under contract number 47QRAA22D00BT, it was awarded for technical and engineering services, business administration services, training and IT services.
“As a long-standing provider to government agencies, this contract is a perfect fit for Iteris,” said Moe Zarean, General Manager of Mobility Consulting Solutions at Iteris. “We are excited that the GSA MAS program will make it easier for us to deliver our technical and domain expertise to public-sector clients, especially as agencies at all levels of government begin to deploy funding from the Infrastructure Investment & Jobs Act to address critical mobility initiatives across the nation.”
The GSA MAS program is an integral part of the Federal Marketplace strategy of modernizing the procurement process for commercial products and services, making buying easy and efficient with technology that connects government buyers and industry. It brings Iteris the ability to both better serve current customers and attain new government business.
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. 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," "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 awarded contract and capabilities and benefits of our detection systems. 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 provide our services and products in a cost-efficient manner; government funding and budgetary delays, issues and timing; challenges in the development of software-based solutions generally; the adverse impacts 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).
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