Iteris Announces Agreement to Distribute TAPCO Intelligent Warning Systems in Texas
February 22 2018 - 8:30AM
Business Wire
Exclusive Partnership to Support Demand for
Intelligent Warning Systems in Key Transportation Market
- Deal represents milestone in Iteris’
strategic focus on geographical expansion in one of the “largest,
most progressive and influential” national transportation
markets
- Products help to reduce speed,
injuries and accidents for drivers, pedestrians and other
vulnerable road users
Iteris, Inc. (NASDAQ: ITI), the global leader in applied
informatics for transportation and agriculture, today announced an
exclusive agreement with Traffic & Parking Control Co., Inc.
(TAPCO), a manufacturer of solar, wireless and eco-friendly
intelligent transportation systems products, to distribute its
Intelligent Warning Systems (IWS) products throughout Texas.
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Iteris Announces Agreement to Distribute
TAPCO Intelligent Warning Systems in Texas (Photo: Business
Wire)
The deal spans TAPCO’s complete offering of IWS solutions, which
includes solar-powered and LED-enhanced systems for pedestrian
crosswalks, stop sign intersections, work zones, parking facilities
and more. TAPCO’s popular BlinkerChevron™ Dynamic Curve Warning
System will also be offered as part of the agreement, along with
its innovative wrong-way driving prevention solutions.
“TAPCO’s range of advanced roadway technology complements our
own offerings and will position us to deliver end-to-end solutions
in a key strategic market for Iteris,” says Nader Ayoub, regional
vice president, Roadway Sensors at Iteris. “Texas is one of the
largest, most progressive and influential transportation markets in
the US, so we would expect our innovative use of technology in the
state to ultimately benefit the safety and convenience of road
users nationwide.”
“TAPCO intelligent warning systems have become widely used
throughout the state of Texas, which triggered our decision to
evaluate distribution partners in the industry,” says Lindsay Lau,
director of sales at TAPCO. “Iteris was an easy choice because of
its reputation, industry expertise and superior service levels. The
company’s ability to foster long-term relationships by educating
end users and contractors on advanced roadway technology will
ensure our innovative products are well represented and people are
safer as a result.”
About TAPCO
As an industry-leading innovator, TAPCO manufactures and
distributes a wide portfolio of traffic and parking safety
solutions designed to increase safe travels for all. Since 1956, we
have set the standard for delivering reliable, cutting-edge traffic
safety enhancements. From our world-renowned line of LED-enhanced
BlinkerSign® solutions to our pedestrian crossing products, safety
is at the heart of all TAPCO innovations.
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 anticipated results and
benefits of our agreement and our future success and benefits in
connection with third party product offerings. 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 offer for sale, deliver and support third party products in
Texas; the potential impact of product and service offerings from
competitors and other competitive pressures; our dedication of
resources and ability to achieve market acceptance for third party
solutions and services; the broad adoption of technology based
solutions in the 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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version on businesswire.com: http://www.businesswire.com/news/home/20180222005572/en/
Iteris ContactDavid Sadeghi, (949)
270-9523dsadeghi@iteris.comorIteris Investor RelationsMKR
Group, Inc.Todd Kehrli, (323) 468-2300iti@mkr-group.comorTAPCO
ContactSteve Paulus, (262)
649-4459steve.paulus@tapconet.com
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