New Initiative Brings Total Contract Awards in the State to Over $3 Million Since Opening Illinois Regional Office in 2019
- Agreement is the third major contract awarded to Iteris by IDOT since January 2019, representing continued demand for Iteris’ smart mobility infrastructure management expertise to improve safety and mobility for the state’s road users
- Initiative will improve the efficiency of existing intelligent transportation systems, and the coordination and safety of key signalized intersections
- Program continues recent Midwest expansion following new multi-year initiatives in Nebraska, Iowa and Ohio, as well as the Chicagoland area
SANTA ANA, Calif. – March 30, 2021 – Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $500,000 intelligent transportation systems (ITS) and traffic signal synchronization project by the Illinois Department of Transportation (IDOT), bringing total contract awards since the opening of Iteris’ regional Illinois office in January 2019 to over $3 million and representing continued demand for Iteris’ specialized consulting services in a key geographic market.
The project includes the modification and modernization of existing traffic signals with state-of-the-art traffic signal systems, and signal coordination and timing (SCAT) improvements at key signalized intersections.
Under the project agreement, Iteris will provide phase II engineering services associated with the preparation of plans, special provisions and estimates for traffic signals and/or ITS projects. The program consists of new traffic signals and ITS systems, modification and modernization of existing traffic signals and ITS systems, system interconnect design, varying communication systems, developing IP addressing schema and emergency contract plans. Work will also include the preparation of SCAT studies for various locations throughout the district. The SCAT work will include data collection, data analysis to generate optimal signal operation plans with existing and modified signal equipment, implementation, and evaluation.
“We are proud to support IDOT’s goal of improving the safety and mobility of Illinois’ road users by embarking on this traffic signal modernization and synchronization project,” said Scott Carlson, regional vice president, Transportation Systems at Iteris. “This initiative represents the continued expansion of Iteris’ ITS and traffic signal coordination services in the Midwest, and will ultimately help to increase the value and effectiveness of the region’s existing transportation infrastructure, while also improving air quality and reducing fuel consumption.”
With this contract, Iteris expands its current traffic engineering and smart mobility work to another IDOT district, representing over $3 million from numerous contracts awarded since January 2019.
In addition to providing phase II engineering services to IDOT District Nine, Iteris’ Illinois team is currently providing: SCAT and traffic operation assistance to IDOT District One; traffic system operations and management (TSO&M) services to Kane County DOT; traffic engineering and SCAT assistance to DuPage County DOT; transit signal priority system integration services to Pace Bus; and network support services to IDOT District Five.
Iteris opened a regional Illinois office in Chicagoland in January 2019 to service the needs of a larger client base in the region. With the company’s recent acquisition of TrafficCast International, Inc. in December 2020, Iteris has expanded its presence in the Midwest to also now include Wisconsin, in addition to its existing operations in Nebraska, Missouri and Kansas.
The company expects to commence the ITS and traffic signal synchronization project immediately.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. 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 project and impacts and benefits of our 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 deliver services timely and cost effectively; government funding and budgetary issues and delays; impact of influences and variances of general economic, political, environment, and other conditions in the markets we address; performance timing and cancellation of contracts; 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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