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 $4.5 million contract from the Orange County Transportation Authority (OCTA) for a regional smart mobility, safety and sustainability program, representing continued demand for Iteris’ specialized consulting services, cloud-enabled managed services and software-as-a-service (SaaS) solutions in southern California, a key geographic market.
OCTA’s three-year regional traffic signal synchronization project with Iteris supports its goals to significantly reduce countywide travel time, fuel consumption and greenhouse gas emissions, while improving safety and mobility, and 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 sustainable 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 three-year project agreement, Iteris will upgrade traffic signal communications network and intelligent transportation system (ITS) devices, as well as provide signal timing and coordination services that will improve traffic flow, enhance public safety and decrease stops along Warner Avenue, a major east-west corridor that comprises key signalized intersections spanning three cities – Huntington Beach, Fountain Valley and Santa Ana – in Orange County, California.
The new agreement with OCTA follows contract awards totaling $8.3 million to perform the same traffic signal synchronization services for OCTA, announced in 2020, across Orange County’s Main Street and Katella Avenue corridors.
As part of the two-year operations and maintenance phase of the program, Iteris will deliver its recently launched congestion management service for intersections and arterials to augment OCTA’s traffic management operations on an ongoing basis. This offer bundles Iteris’ expertise and resources with the signal performance measures (SPM) and arterial performance measures (APM) features of Iteris’ ClearGuide® SaaS-based mobility intelligence solution. With ClearGuide SPM™, Iteris experts can monitor the health and safety of intersections, streamline their analysis through configurable alerts, and identify and prioritize optimizations without visiting the field. With ClearGuide APM, the project team can monitor arterial travel times and reliability, prioritize retiming efforts, identify congestion hotspots and understand how highway traffic impacts surrounding arterials. These activities will allow Iteris to proactively maintain optimum signal timing performance.
Earlier in 2021, Iteris announced that the City of Lake Forest, the Pulice-FNF-Flatiron Joint Venture and the OC 405 Partners Joint Venture had selected Iteris’ congestion management service to augment their traffic management operations to reduce congestion and improve safety.
“We are proud to continue to support OCTA’s goal of improving the safety, mobility and sustainability of Orange County road users by embarking on this traffic signal synchronization project,” said Scott Carlson, vice president, Alternative Delivery at Iteris. “This initiative represents the continued expansion of Iteris’ specialized consulting services, SaaS solutions and cloud-enabled managed 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 and reducing fuel consumption.”
Iteris’ managed services and SaaS solutions are key components of the ClearMobility™ Platform – the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.
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 effects of our ClearGuide and ClearGuide SPM solutions and ClearMobility platform. 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 deliver services timely and in a cost-effective manner; government funding and budgetary issues and delays; impact of influences and variances of general economic, political, environment, 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).
