Iteris Expands Presence in Illinois with Two Contracts for Traffic Signal Coordination and Timing Initiatives
January 23 2024 - 8:30AM
Business Wire
Multi-year programs leverage Iteris’ traffic
signal operations expertise to support agency goals of improving
sustainability and travel for residents and visitors
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced it has been awarded contracts for traffic engineering,
signal coordination and signal timing services for two
Illinois-based transportation agencies; one with Illinois
Department of Transportation (IDOT) Districts 2, 3, 4, and 5 and
the other with Lake County Division of Transportation.
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Iteris Expands Presence in Illinois with
Two Contracts for Traffic Signal Coordination and Timing
Initiatives (Photo: Business Wire)
These new contracts provide funding to identify innovative
traffic signal retiming techniques to improve safety and mobility,
reduce stops and traffic congestion, and increase sustainability.
By minimizing delays and stops on key corridors, these efforts will
help reduce emissions from vehicles—a key goal of IDOT’s 2023
sustainability initiatives.
Iteris’ strong local expertise in signal retiming and traffic
engineering creates a unique position to develop and provide
traffic signal timing plans, on-call traffic operations,
time-of-day plan recommendations, safety analyses, and more.
With these most recent awards, the current combined value of
Iteris’ contracts with IDOT will total approximately $6.0M.
Additionally, Iteris will become the only consulting firm with
traffic engineering expertise to maintain active traffic signal
operations contracts with all nine IDOT districts.
Iteris’ Geneva, IL office was established in 2018 and local
staff currently manage active ITS, traffic engineering, and design
projects in Illinois, Missouri, Kansas, Minnesota, and Indiana.
These two new projects enhance Iteris’ large presence in the
Chicago suburban area and represent continued expansion in the
Midwest.
“We’re honored to be awarded these contracts, and to serve as a
go-to consultant for our Illinois clients,” said Cliff Heise,
regional vice president, mobility professional services at Iteris.
“These opportunities expand our presence in the Midwest region and
beyond, and we look forward to continue delivering innovative ways
to help these agencies meet their sustainability goals.”
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart
mobility infrastructure management. Delivered through Iteris’
ClearMobility® Platform, our cloud-enabled 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," “outlooks,” “target,” "plans," "seeks," "estimates,"
"may," “would,” “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 contracts and benefits and
impacts of our services. 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 perform our
services in a cost-efficient manner; government funding and
budgetary delays, constraints and issues; adverse impacts of
performance timing and project and contract cancellations; and
adverse impacts 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/20240123422462/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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