Multi-year contract expands company’s market penetration in key geographic market
GENEVA, IL – March 2, 2023 – Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been chosen by the Illinois Department of Transportation (IDOT) District One for select traffic signal plan preparation and plan review projects.
IDOT District One serves the Chicagoland area, one of the most populous urban areas in the nation. Located in northeastern Illinois, it includes 28,060 centerline miles of roads (2,775 state-maintained), serves over 650 million passengers, and is home to six counties: Cook, Lake, McHenry, Kane, DuPage, and Will.
Under the terms of the multi-year, $1.2 million contract, Iteris will provide design and review of Accessible Pedestrian Systems (APS) on numerous state-owned traffic signals. Work will include preparation of plans, special provisions, estimates of cost, and review of APS plans by others. Further efforts may consist of traffic signal design and operation review, agency coordination, catalog cut review, signing design, traffic control, ITS elements and environmental impact map preparation.
The project will support IDOT’s Long Range Transportation Plan (LRTP) as well as their ADA Transition Plan, which together seek to provide innovative, sustainable, and multimodal transportation solutions while making Illinois’ transportation systems accessible to all.
“We are thrilled to support IDOT’s goals of improving safety, mobility, and accessibility to intersections and roadways by embarking on this project,” said Cliff Heise, regional vice president, Mobility Professional Services at Iteris. “This initiative expands Iteris’ presence in the Midwest, while enhancing the effectiveness and accessibility of the region’s traffic signal infrastructure.”
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," “feels,” "anticipates," "expects," "intends," "plans," “anticipates,” "seeks," “might,” "estimates," "may," “could,” “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 our 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 perform the services on a cost-effective basis; government funding and budgetary issues and scheduling delays; 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).
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