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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Iteris Selected by San Francisco Metropolitan Transportation Commission for Connected and Automated Vehicle Initiative

March 5, 2019
Iteris Selected by San Francisco Metropolitan Transportation Commission for Connected and Automated Vehicle Initiative (Graphic: Business Wire)

SANTA ANA, Calif.--(BUSINESS WIRE)--Mar 5, 2019--Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced that it has been selected by the Metropolitan Transportation Commission (MTC) to enhance and upgrade the intelligent transportation systems (ITS) across five cities in the San Francisco Bay Area.

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Iteris Selected by San Francisco Metropolitan Transportation Commission for Connected and Automated Vehicle Initiative (Graphic: Business Wire)

The three-year project supports MTC’s Innovative Deployments to Enhance Arterials (IDEA) program, which seeks to enable the continuous improvement of arterial operations and the enhancement of the Bay Area’s readiness for connected and automated vehicle (CAV) technologies.

As part of the project, Iteris will provide systems engineering services for the IDEA program, including the deployment of connected vehicle applications, automated vehicle applications and virtual bicycle detection technology for signal operations across 79 intersections in Los Gatos, Emeryville, Walnut Creek, Concord and Dublin. Iteris played a similar role in the IDEA program’s predecessor, the Next Generation Arterial Operations Program, which deployed adaptive traffic control systems in Dublin, Fremont, San Leandro and Hayward, as well as enhancements to Santa Clara County’s traffic responsive system.

“MTC has been a national leader in using technology to make the Bay Area transportation network safer, more efficient and easier to navigate,” said Andrew Fremier, deputy executive director at MTC. “We look forward to working with Iteris to make sure our region is prepared for the connected and automated vehicles of the future.”

“We are proud to support MTC’s IDEA program and help to improve mobility and safety across key intersections in these five Bay Area cities,” said Ramin Massoumi, senior vice president and general manager, Transportation Systems at Iteris. “Iteris’ continued involvement in the growing connectedness of multimodal road users puts us in prime position to prepare one of the most technologically advanced regions in the nation for the CAV revolution.”

This project is in line with the many other CAV deployments Iteris is working on across the United States – including smart work zones, advanced pedestrian detection and automated commercial vehicle inspections. Iteris also led the development and evolution of the U.S. ITS architecture reference for over three decades, initiating the Connected Vehicle Reference Implementation Architecture in 2012 and continuing to support the evolution of the combined ARC-IT for the US Department of Transportation’s Federal Highway Administration.

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,” “feels,” “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 success, impact, and benefits of the awarded project and the related task orders. 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 complete each phase of the project; government funding and budgetary issues and potential related funding delays; 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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CONTACT: Iteris Contact

David Sadeghi

Tel: (949) 270-9523

Email:dsadeghi@iteris.comInvestor Relations

MKR Group, Inc.

Todd Kehrli

Tel: (323) 468-2300

Email:iti@mkr-group.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE TRANSPORT RAIL OTHER TRANSPORT PUBLIC TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT AUTOMOTIVE OTHER AUTOMOTIVE COMMUNICATIONS PUBLIC RELATIONS/INVESTOR RELATIONS

SOURCE: Iteris, Inc.

Copyright Business Wire 2019.

PUB: 03/05/2019 08:30 AM/DISC: 03/05/2019 08:30 AM

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