Iteris Commences $2 Million in Traffic Signal Synchronization Services Under New Contract from San Bernardino County Transpor...
June 26 2018 - 8:30AM
Business Wire
Three-year Initiative will Improve Traffic Flow
and Safety Across 15 Cities in Southern California
- Contract demonstrates demand for
Iteris’ new “intersection-as-a-service” offering and the company’s
traffic signal synchronization business
- Initiative will improve signal
timing and safety across 1,250 intersections covering over 250
square miles in the San Bernardino Valley area
Iteris, Inc. (NASDAQ: ITI), the global leader in applied
informatics for transportation and agriculture, today announced
that it has received $2 million in service orders under a new $3.2
million on-call contract from the San Bernardino County
Transportation Authority (SBCTA) for traffic signal synchronization
services across 15 cities in the San Bernardino Valley area.
Under the three-year $3.2 million on-call contract, Iteris will
prepare traffic signal coordination master plans, update existing
coordinated traffic signal timing plans, perform semi-annual system
assessments, and provide on-call system support and maintenance
services for the San Bernardino Valley Coordinated Traffic Signal
System (SBVCTSS) corridors – a heavily traveled arterial network of
more than 250 square miles. The primary goal of the project is to
improve traffic flow and safety for all road users, including
vehicles, buses, bicycles and pedestrians, as well as reduce travel
times and number of stops along the SBVCTSS corridors.
The initial service orders address traffic signal timing
improvements, semi-annual assessments and ongoing maintenance both
within cities and across jurisdictional boundaries for 1,250
signalized intersections. The service orders span 16 agencies:
Chino, Chino Hills, Colton, Fontana, Grand Terrace, Highland, Loma
Linda, Montclair, Ontario, Rancho Cucamonga, Redlands, Rialto, San
Bernardino City, San Bernardino County, Upland and Yucaipa.
“We are proud to support the SBCTA’s goal of improving the
safety and mobility of its road users with this expansive traffic
signal synchronization project, which demonstrates demand for
Iteris’ intersection-as-a-service offering and represents the
continued expansion of our advanced signal timing services in
southern California,” said Ramin Massoumi, senior vice president
and general manager, Transportation Systems at Iteris. “This new
initiative with the SBCTA will not only help to decrease travel
times and overall traffic congestion but also improve air quality
and reduce the existing transportation system’s impact on the
environment.”
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,"
"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 success, impact, and
benefits of the awarded contract 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 perform the contract on a
cost-effective basis; agency funding and budgetary allocations and
constraints; performance timing and cancellation of contract or
task orders; impact of influences and variances of general
economic, political, environment, and other conditions; and the
potential impact of product and service offerings from competitors.
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/20180626005082/en/
Iteris ContactDavid Sadeghi, (949)
270-9523dsadeghi@iteris.comorInvestor RelationsMKR Group,
Inc.Todd Kehrli, (323) 468-2300iti@mkr-group.com
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