Iteris Chosen to Support Intelligent Transportation Systems Project in Los Angeles County
February 13 2024 - 8:30AM
Business Wire
Initiative will improve traffic flow for bus
transportation in Downey, California
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced that it has been awarded a new contract by the City of
Downey in Los Angeles County, California for a regional smart
mobility project.
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Iteris Chosen to Support Intelligent
Transportation Systems Project in Los Angeles County (Photo:
Business Wire)
The five-month, nearly $900,000 contract was awarded under the
Downey Citywide Bus Signal Priority Project and will involve the
installation of technology to enable buses to request priority at
signalized intersections. This initiative will help the Downey LINK
transit system keep their buses moving and transporting riders on
time, while helping to improve traveler throughput at each
intersection.
This project is part of Iteris’ new Intelligent Transportation
Systems (ITS) Build initiative that focuses on delivering
specialized ITS installation services for Iteris traffic sensors,
as well as other ITS hardware. The benefits to agencies include a
streamlined procurement process, accelerated implementation
schedules and increased cost savings. The service is currently
available in California and Texas but is expected to be expanded to
other markets.
“We’re excited to be working on this regional smart mobility,
safety and sustainability project,” said Scott Carlson, general
manager and vice president, mobility professional services at
Iteris. "We have a long track record of successfully delivering
signal priority projects of this nature, and we’re looking forward
to working with International Line Builders and the City of Downey
to deliver this one. It also signifies the ongoing growth of
Iteris’ ITS Build initiatives on the West Coast, aiming to enhance
the value, efficiency and robustness of the area’s current
transportation infrastructure."
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart
mobility infrastructure management. Delivered through Iteris’
ClearMobility® Platform, our AI-powered 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," “feels,” "anticipates," "expects,"
"intends," "plans," "seeks," "estimates,” "may," “could,” “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 the benefits and capabilities of our services
and solutions. 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 our services and
products in a cost-efficient manner; adverse impacts of performance
timing, project and contract cancellations, and availability of
resources, such as components and equipment, necessary to perform
the work for the project; the potential impact of product and
service offerings from competitors and other competitive pressures,
such as 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: https://www.businesswire.com/news/home/20240213671547/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: todd@mkrir.com
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