Multi-year Initiatives will Improve Traffic Management, Safety and Mobility Across the Midwest
- Initiatives leverage Iteris’ expertise to improve safety and mobility for road users in Nebraska, Illinois and Pennsylvania
- Iteris has opened a new regional office in the Chicagoland area to meet growing demand for its “intersection-as-a-service and consulting expertise”
SANTA ANA, Calif. – January 29, 2019 – Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced that it has expanded its Midwest operations to service the needs of a larger client base in the region. As part of this expansion, Iteris has opened an office in the Chicagoland area.
The multi-year programs, representing a combined increase in added backlog of over $1 million, include the expansion of traffic signal system management services provided to the City of Omaha, the deployment of Iteris’ intersection-as-a-service™ platform to the Kane County Department of Transportation, and the deployment of a mobile workzone connected vehicle application for the Pennsylvania Turnpike Commission.
“Iteris is excited to expand our presence in the Midwest with these new and extended projects, as well as the recent addition of a team of experienced engineers with local market knowledge in the Chicagoland area,” said Ramin Massoumi, senior vice president and general manager, Transportation Systems at Iteris. “We are pleased to be able to help increase the safety and efficiency of the transportation networks in these areas, while responding to increased demand for Iteris’ intersection-as-a-service and consulting expertise with the opening of a new regional office.”
Iteris expects to commence the projects immediately.
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 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 impact and benefits of our intersection-as-a-service platform and consulting 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; 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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