The Toro Company will utilize ClearAg global weather content for better data-driven water management support
SANTA ANA, Calif. – Nov. 2, 2017 – Iteris (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, and The Toro Company (NYSE: TTC), a leading worldwide provider of innovative solutions for the outdoor environment including turf, snow and ground-engaging equipment, and irrigation and outdoor lighting solutions, have entered into agreement to provide ClearAg global environmental content via The Toro Company’s turf management platform and applications.
“We look forward to driving further value for Toro’s residential and commercial irrigation customers with ClearAg’s premium weather information,” said Randy Pearson, director of engineering for The Toro Company. “The integration of ClearAg data into Toro’s platform and applications will allow Toro’s irrigation customers the ability to make real-time decisions and make adjustments accordingly.”
As a leading provider of innovative irrigation solutions, Toro helps customers worldwide care for golf courses, sports fields, public green spaces, commercial and residential properties, and agricultural crops. ClearAg content will deliver pertinent course and plant information, such as evapotranspiration, temperature, humidity, and wind speed or direction.
“We are excited to extend our ClearAg Platform to Toro’s global customer base,” said Jim Chambers, senior vice president and general manager of Iteris’ Agriculture and Weather Analytics division. “The ClearAg Platform will allow The Toro Company to continue driving water efficiency in their irrigation products through a better understanding of the environmental information required to make cost-effective irrigation decisions.”
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.
About The Toro Company
The Toro Company (NYSE: TTC) is a leading worldwide provider of innovative solutions for the outdoor environment including turf, snow and ground engaging equipment, and irrigation and outdoor lighting solutions. With sales of $2.4 billion in fiscal 2016, Toro's global presence extends to more than 90 countries. Through constant innovation and caring relationships built on trust and integrity, Toro and its family of brands have built a legacy of excellence by helping customers care for golf courses, landscapes, sports fields, public green spaces, commercial and residential properties and agricultural fields. For more information, visit www.toro.com.
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 anticipated results and benefits of our agreement and future success, benefits and capabilities of our ClearAg products and related 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 timely and on a cost-efficient basis integrate and deliver our ClearAg solution; ability of ClearAg content to improve water efficiency, methods and equipment used in conjunction with our ClearAg solution; the potential impact of product and service offerings from competitors and other competitive pressures; partner’s dedication of resources and ability to achieve market acceptance for its own products and services; the broad adoption of technology based analytics solutions in the agriculture market; our competitors’ patent coverage and claims; and the impact 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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