SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $1.1 million contract by the City of Orange for a regional smart mobility, safety and sustainability program, representing continued demand for Iteris’ specialized consulting services in southern California, a key geographic market.
According to the Orange County Transportation Authority (OCTA), Orange County's population is expected to increase 13% by 2035, resulting in more drivers on the county’s roadways: “To ease growing traffic demands, OCTA, the California Department of Transportation (Caltrans), the County of Orange and all 34 cities are working together to coordinate traffic lights across the county.”
The City of Orange’s three-year regional traffic signal synchronization project with Iteris supports the goals of OCTA’s Project P, a comprehensive transportation funding scheme under the Measure M program that aims to significantly reduce countywide travel time, fuel consumption and greenhouse gas emissions, while improving safety and mobility, and improving overall travel experience for all road users, including vehicles, buses, bicycles and pedestrians. By reducing delays and stops on key corridors for passenger vehicles and heavy vehicles, the project will help reduce CO2 emissions and fuel consumption, which in turn will contribute to environmental and air quality improvements.
Since launch, OCTA’s traffic signal synchronization program has already resulted in a 13% reduction in travel time, a 14% improvement in travel speed, a 52 million gallon reduction in fuel consumption and a 885 million pound reduction in greenhouse gas emissions.
Under the project agreement, Iteris will make infrastructure upgrades, signal coordination and timing improvements, develop signal timing plans for key signalized intersections, provide vehicle turn movement counts, and perform before-and-after corridor analysis along the Tustin Avenue/Rose Drive corridor from First Street in the City of Tustin to Wabash Avenue in the City of Yorba Linda. The project area comprises 54 signalized intersections spanning six cities – Tustin, Santa Ana, Anaheim, Orange, Placentia and Yorba Linda – as well as key highway on/off ramps under Caltrans in Orange County, California.
“Keeping traffic flowing safely and smoothly through the City of Orange is one of our highest priorities. Optimizing traffic signal coordination reduces travel times and delays throughout the region,” said Larry Tay, city traffic engineer at the City of Orange. “We are proud to be part of OCTA’s countywide effort to improve air quality and reduce fuel consumption.”
“We are proud to continue to support the City of Orange and OCTA’s goals of improving safety, mobility and sustainability for all road users by embarking on this regional traffic signal synchronization program,” said Bernard Li, vice president, Consulting Solutions at Iteris. “This initiative represents the continued expansion of Iteris’ specialized consulting services across the west coast, and will ultimately help to increase the value, effectiveness and resilience of the region’s existing transportation infrastructure, while also improving air quality by reducing fuel consumption and emissions.”
Iteris has designed, deployed or equipped over one third of all signalized intersections in the United States, supporting local and state transportation agencies with advanced detection sensors, and traffic signal design, timing and synchronization services.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. 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 awarded contract and benefits and impacts of our 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 successfully perform the services on a cost-effective basis; government funding and budgetary delays, constraints and issues; adverse impacts of performance timing; adverse impacts of general economic, political, and other conditions in the markets we address; 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).
