Iteris Awarded Over $1 Million SaaS Contract by Ventura County Transportation Commission
March 12 2024 - 8:30AM
Business Wire
Iteris’ proprietary mobility data and
intelligence software will provide critical transportation
analytics and volume data throughout the county
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced that it has been awarded a three year, over $1 million
contract from the Ventura County Transportation Commission (VCTC)
for use of its ClearGuide® solution to improve mobility throughout
the region.
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Iteris Awarded Over $1 Million SaaS
Contract by Ventura County Transportation Commission (Photo:
Business Wire)
Under the terms of the software as a service (SaaS) agreement,
VCTC will have access to Iteris’ ClearGuide Roadways solution to
perform sophisticated mobility analytics. ClearGuide Roadways is an
easy-to-use dynamic service that helps agencies improve real-time
operations, incident management, work zone mobility, and
transportation planning with traffic data and map content powered
by HERE Technologies. To enhance the effectiveness of solutions,
the software will be available to all cities and other agencies
throughout the county.
Iteris will also provide traffic volume estimates, using Iteris’
ClearData® probe data and advanced learning models powered by
industry-leading Artificial Intelligence to deliver estimated
volume on roadways throughout the county. These AI-volume estimates
are created annually for a majority of roadways in the county,
including all freeways and major arterials, providing a continuous
picture of volume at 15-minute intervals over the previous year.
This data can be combined with other ClearGuide traffic metrics to
generate accurate estimates of Vehicle Miles Travelled (VMT) or
Vehicle Hours of Delay (VHD), among other derived quantities, for
roadways across the county. This provides better coverage for both
space and time than traditional methods, which rely on more limited
coverage.
The ClearGuide solution is a key component of Iteris’
ClearMobility® Platform, the world’s most complete solution to
continuously monitor, visualize and optimize mobility
infrastructure. ClearMobility applies cloud computing, artificial
intelligence (AI), advanced sensors, advisory services and managed
services to help ensure roads are safe, travel is efficient, and
communities thrive.
“We’re delighted to be working with Ventura County
Transportation Commission to continue improving mobility in
Southern California with our SaaS offering,” said Scott Perley,
vice president of program management at Iteris. “They now join
regional partners Los Angeles County and San Bernardino County in
utilizing ClearGuide to turn data into insights for smart,
data-driven decisions that will improve accessibility, efficiency
and sustainability in the region.”
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,” “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 impacts of our ClearData and
ClearGuide 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
solutions in a cost-efficient manner; government funding and
budgetary delays, timing and issues; adverse impacts related to
project performance timing, changes or cancellation of a project;
the potential impacts of service and solution offerings from
competitors and such competitors’ patent coverage and claims; and
the impact of influences and general economic, political,
environment, 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/20240312389241/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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