TAMPA, Fla.--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a new $1 million contract by Seminole County, Florida for a regional traffic signal retiming program, representing continued demand for Iteris’ specialized consulting services in a key geographic market.
The five-year Arterial Corridor Signal Retiming program includes data collection and analysis, development of signal timing plans, deployment, fine tuning in the field and performance evaluation. It will impact 19 systems and 146 intersections throughout the county.
The primary goal of the project is to implement optimized coordination timing plans to achieve optimal traffic flow, and improve safety for all road users, including vehicles, buses, bicycles and pedestrians. By reducing dwell time at 146 of the county’s intersections, the project is also expected to reduce fuel consumption and carbon emissions.
Having worked with Seminole County on retiming projects for over 15 years, Iteris is well acquainted with the county’s staff, procedures, and road network, and is in a unique position to use data collected from previous engagements to streamline the project.
“We are always happy to support Florida’s goal of improving the safety and mobility of road users, and excited to contribute by leading this traffic signal retiming program in Seminole County,” said Anita Vandervalk, regional vice president of consulting solutions at Iteris. “This initiative represents not only continued demand for Iteris’ expertise in traffic signal coordination, but also client satisfaction and success achieved with previous projects. It will ultimately help to increase the value and effectiveness of the region’s existing transportation infrastructure, consistent with our core value of improving safety, air quality and reducing fuel consumption.”
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," "plans," “anticipates,” "seeks," “thinks,” “might,” "estimates," "may," “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 contract and the benefits and impacts of our specialized consulting 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 perform the services on a cost-effective basis; government funding and budgetary issues and scheduling delays; 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).
