Iteris Awarded $3.5 Million Traffic Signal Synchronization Project from Orange County Transportation Authority
July 10 2018 - 8:30AM
Business Wire
New Initiative will Improve Traffic Flow Along
Major Corridor Spanning Six Cities
- Project leverages Iteris’ ITS and
signal operations to support OCTA’s goal of improving the safety
and mobility of Orange County road users
- Initiative will improve signal
timing and safety across 16 miles and 59 intersections in Orange
County, California
Iteris, Inc. (NASDAQ: ITI), the global leader in applied
informatics for transportation and agriculture, today announced
that it has been awarded a $3.5 million traffic signal
synchronization project by the Orange County Transportation
Authority (OCTA).
The three-year project includes intelligent transportation
system (ITS) improvements, upgrades to traffic signal
infrastructure and signal timing improvements along a 16-mile
stretch of a major corridor spanning 59 signalized intersections.
The project involves six city agencies – Anaheim, Fountain Valley,
Fullerton, Garden Grove, Huntington Beach and Westminster – as well
as the California Department of Transportation District 12.
Under the project agreement, Iteris will design, implement,
maintain and operate traffic signal technology and fiber-optic
communications equipment, and will synchronize traffic signals
along the entire Brookhurst Street corridor – a heavily traveled
arterial road transporting approximately 38,000 vehicles per day.
The primary goal of the project is to improve traffic flow and
safety for all road users, including vehicles, buses, bicycles and
pedestrians, by providing updated signal timing and signal
synchronization along the corridor and provide ongoing maintenance
services for a period of two years.
“We are proud to support OCTA’s goal of improving the safety and
mobility of Orange County’s road users by embarking on this traffic
signal synchronization project,” said Scott Carlson, vice president
and assistant general manager, Transportation Systems at Iteris.
“This initiative represents the continued expansion of Iteris’
traffic signal coordination services in southern California and
will ultimately help to increase the value and effectiveness of the
region’s existing transportation infrastructure, while also
improving air quality and reducing fuel consumption.”
Iteris expects to commence the traffic signal synchronization
project immediately.
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,"
“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 timing, success, and benefits of the awarded 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 provide the services on a
cost-effective basis; government funding and budgetary issues, and
potential impacts related funding delays; changes in requirements
to upgrade the traffic signal infrastructure; availability of
resources, such as components and equipment necessary to perform
the work for the project; the impact of general economic,
political, and other conditions in the markets we address; 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).
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Iteris ContactDavid Sadeghi, (949)
270-9523dsadeghi@iteris.comorInvestor RelationsMKR Group,
Inc.Todd Kehrli, (323) 468-2300iti@mkr-group.com
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