Iteris Awarded 4.5 Year Contract for the City/County Association of Governments of San Mateo County’s Smart Corridor Project
September 12 2023 - 8:30AM
Business Wire
Approximate $1.0 million contract will continue
to improve safety and mobility across nine cities in northern
California
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced the City/County Association of Governments of San Mateo
County (C/CAG) has awarded Iteris an almost $1.0 million,
multi-year contract to support its countywide Smart Corridor
Project.
Under the terms of the managed services contract, Iteris will
continue to monitor the C/CAG’s San Mateo County Smart Corridor
System network and ITS devices and provide support to the Smart
Corridor maintenance contractor, as it has been since 2013.
The C/CAG’s San Mateo County Smart Corridor project aims to
maximize efficiency, smooth traffic flow and improve safety and
travel times in the region, which consists of nine cities in San
Mateo County and Caltrans District 4.
Iteris has supported the project for over a decade and plays a
crucial role in the ongoing maintenance of the network and
equipment, modernization of Smart Corridor infrastructure, and
integration of new cities onto the Smart Corridor system.
“We are proud to continue to support C/CAG of San Mateo County’s
Smart Corridor project goals of improving safety and mobility in
the region,” said Steven Bradley, regional vice president, mobility
professional services at Iteris. “The expansion of this contract
represents continued demand for Iteris’ managed services in
northern California and will serve to decrease congestion in the
area while improving sustainability.”
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," "anticipates," "expects," "intends,"
“outlooks,” “target,” "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 awarded contract and benefits and impacts of our 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 delays, constraints and issues; adverse impacts of
performance timing; project and contract cancellations; 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).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230912513817/en/
Media Contact Breanna Wallace Tel: (949) 996-5348 Email:
brwallace@iteris.com
Investor Relations MKR Investor Relations, Inc. Todd
Kehrli Tel: (213) 277-5550 Email: iti@mkr-group.com
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