SANTA ANA, Calif.--(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 contract from the City of Bellevue, Washington for a smart mobility, safety and sustainability project, representing the expansion of Iteris’ software-as-a-service (SaaS) solutions in the Pacific Northwest.
Under the terms of the three-year software as a service agreement, Bellevue will have access to Iteris’ proprietary mobility data set, ClearData™, as well as both the ClearGuide® Roadways and Safety solutions to perform sophisticated mobility analytics. Because ClearGuide relies on diverse probe data sources rather than data collected from in-field hardware, this will result in a citywide capability—without any infrastructure installation needed—to track transportation trends across the city with minimal resources. Additionally, ClearGuide will enable Bellevue to identify and rank regional speeding hotspots in a proactive manner, rather than relying on past crash data alone.
The ClearGuide solution is a key component of Iteris’ 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.
“We are thrilled to be able to support Bellevue’s goal of creating an effective Speed Management Plan,” said Mark Nogaki, senior vice president of sales at Iteris. “ClearGuide enables users to understand safety through regular, proactive ranking and through an intuitive user interface and interactive map to make the creation of such plans significantly easier, more effective, and measurable.”
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," "anticipates," "expects," "intends," “outlooks,” “targets,” "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 the benefits and impacts of our ClearData and ClearGuide 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 provide our services and solutions in a cost-efficient manner; government funding and budgetary delays, constraints and issues; adverse impacts of performance timing; project and contract cancellations; the potential impact of product and service offerings from competitors and other competitive pressures; and the impact of influences and general economic, political, environment, 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).
