Estimated $2.4M Sub-contract Expected to Improve ITS Maintenance Statewide
- Iteris, as part of the Digital Traffic Systems, Inc. team, will deploy an enhanced ITS Asset Management System to improve statewide ITS maintenance
- Iteris was selected following its successful deployment of ITS asset management system in Virginia
SANTA ANA, Calif. – June 16, 2020 – Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it is one of the core members of the Digital Traffic Systems, Inc. (DTS) team that has been awarded an indefinite delivery/indefinite quantity (IDIQ) contract for statewide intelligent transportation system (ITS) maintenance by the Georgia Department of Transportation (GDOT).
Under the terms of the five-year sub-contract, Iteris will implement a portion of the ITS Asset Management System (IAMS) for the GDOT project, with an estimated budget of approximately $2.4 million over the next five years.
GDOT will be able to utilize a suite of workflow improvement tools designed to reduce initial and ongoing costs to the program, including: a data collection and validation tool, an expedited service portal and an IAMS feedback tool.
Iteris’ deployment of the software solution to support the ITS Maintenance Program follows the prior successful delivery of the Iteris asset management services, part of the ClearMobility™ Platform, for city and state agencies nationwide.
“Having successfully deployed a SaaS-based asset management system in Virginia, Iteris is thrilled to be a core member of the DTS team that will deliver improved functionality and flexibility for ITS maintenance throughout Georgia,” said Moe Zarean, vice president and assistant general manager at Iteris. “We are committed to continuing to deliver the highest level of service to our state and county partners and look forward to providing full user training and support to the GDOT project for the term of the contract.”
Iteris and DTS have created an expedited service portal application that allows network operations center (NOC) and traffic management center (TMC) personnel to quickly detect and report field device outages while ensuring they are not issuing multiple service requests for the same device. Using drop-down menus and quick-view device status information from the network monitoring system, NOC and TMC staff can report down devices in as few as three mouse clicks.
Work on the new IAMS and NOC support, as well as the initial inventory of field assets, will commence immediately.
The ClearMobility Platform is the most complete solution for continuously monitoring, visualizing and optimizing mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. The ClearMobility Platform applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility.
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," “feels,” “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 success, impact, and benefits of the awarded contract. 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 perform each project and contract on a cost-effective basis; government funding and budgetary delays, constraints and issues; adverse impacts related to performance timing and cancellation of an awarded contract; and adverse impacts of general economic, political, and other 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).
Tel: (949) 270-9523
MKR Investor Relations, Inc.
Tel: (323) 468-2300