SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today launched Iteris SPM, a comprehensive, cloud-based automated traffic signal performance measures (SPM) solution that expands the company’s growing “intersection-as-a-service” offering.
With the proliferation of high-resolution traffic data from internet-of-things (IoT) devices, as well as Bluetooth and Wi-Fi readers throughout the country, Iteris harnesses, stores and analyzes more than 25 terabytes of data through its performance analytics platform. Iteris SPM sets triggers for signal operations modifications, identifies traffic trends, provides before-and-after studies, and maintenance advisory services.
Iteris SPM represents a synthesis of the company’s integration experience, big data ingestion, visualization and hardware production knowledge, as well as its analytics and consulting expertise, and forms part of its broader drive to promote safety and efficiency at all intersections.
“As we gather more and more data from new and enhanced IoT devices at intersections, we are pleased to be able to help agencies better manage their network with a focus on improving safety and efficiency,” said Tiffany Barkley, director of product, Transportation Analytics at Iteris. “With Iteris SPM, we deliver an end-to-end intersection-as-a-service solution by handling installation, data collection, management, analysis, and visualization in the cloud, while providing regular, proactive recommendations through an easy-to-read user interface.”
The application supports the Federal Highway Administration’s Every Day Counts 4 program, which encourages using automated traffic SPMs to optimize traffic signal coordination and programming.
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 new solution release and the potential impact and capabilities of such new release. 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 roll out and gain broad market acceptance for our new solution release; our ability to deliver the new solution in a timely, easy and efficient manner; ability of the new solution, including its effects to improve safety and efficiency at intersections; the potential impact of product and service offerings from competitors and other competitive pressures; the broad adoption of the new technology based solutions in the transportation market; 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).
