Agreement Represents Expanded Role for Iteris During Multi-Year, $1.9 Billion Construction Project
- Iteris iPeMS cloud-based platform will manage construction traffic across the nation’s most heavily traveled freeway
- Access to real-time data, historical analysis, visualization and reporting will help improve traffic congestion, safety and mobility for 370,000 daily southern California drivers
- Contract represents a new use-case and market category for Iteris’ market-leading SaaS performance measurement system
SANTA ANA, Calif. – November 13, 2018 – Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced that OC 405 Partners will use Iteris iPeMS® SaaS performance measurement system as part of the I-405 Improvement Project in southern California, supporting its traffic management operations during construction.
In combination with real-time and historical traffic data from HERE Technologies – a global leader in mapping and location platform services – iPeMS will give OC 405 Partners – the joint venture team responsible for delivering the project – the ability to analyze and visualize traffic data to manage traffic congestion, safety and mobility for 370,000 daily southern California road users for an initial 12-month period during the construction phase of the $1.9 billion project.
Features include real-time congestion maps to support maintenance of traffic during construction; bottleneck monitors to identify construction-related problem areas; graphical representations of traffic conditions to analyze events and optimize response plans; historical trend and route reports, maps and congestion charts to track reliability and support planning of project detour routes in and around the cities of Costa Mesa, Fountain Valley, Huntington Beach, Westminster and Seal Beach.
Since the I-405 Improvement project’s launch in March 2017, Iteris has supported work on freeway intelligent transportation system (ITS) and 405 Express Lanes infrastructure design, temporary ITS infrastructure for use during construction, development of the project traffic management plan, and signal design. In May 2018, Iteris was subsequently awarded a $2.4 million contract to deploy temporary ITS infrastructure for use during construction, bringing total contract awards so far to $8.1 million. The I-405 Improvement Project – undertaken by the Orange County Transportation Authority in cooperation with the California Department of Transportation – is one of the largest transportation infrastructure projects in the nation. The multi-year improvement project will be completed in 2023.
“We are excited to further expand our role in this vital initiative that will ultimately make roads safer and more efficient for residents and commuters in Orange County and the Los Angeles County area,” said Scott Perley, vice president, Transportation Systems at Iteris. “Iteris iPeMS will provide real-time and historical traffic data that will offer actionable insights to support safe mobility and traffic management operations during the construction phase of this historic project.”
Government agencies and municipalities throughout North America, including California, Utah, Virginia, Oregon, and Toronto, use Iteris iPeMS to manage, measure and optimize complex transportation networks.
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 timing and budget for the project, and impact and benefits of the iPeMS solution to support traffic management operations for the project. 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; 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).
Tel: (949) 270-9523
MKR Group, Inc.
Tel: (323) 468-2300