AUSTIN, Texas--(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 five-year indefinite delivery/indefinite quantity (IDIQ) contract by the Texas Department of Transportation (TxDOT) San Antonio District. The contract has a value of up to $3.0 million, representing continued demand for Iteris’ specialized consulting services in the large and forward-thinking Texas market.
This is Iteris’ third IDIQ contract with the TxDOT San Antonio District within the last six years, bringing the total value to $8 million. Work will include developing construction level plans, specifications, and estimates (PS&E) and deploying wireless or fiber communications, closed circuit television cameras (CCTV), dynamic message signs (DMS), vehicle detection systems, wrong-way driver systems, and low water crossing systems as well as infrastructure support, traffic signal design, traffic signal operations support and signal timing for the twelve-county area.
This agreement is the sixth major contract awarded to Iteris by TxDOT in the past six years, underscoring Iteris’ value in one of the largest and most progressive national transportation markets.
“We are proud to be selected again by TxDOT to support important infrastructure projects in the San Antonio District,” said Cliff Heise, regional vice president, mobility professional services at Iteris. “With our deep and proven expertise, we are excited to help TxDOT increase efficiency, reduce fuel consumption, improve air quality, and create a better transportation experience for the traveling public throughout the region.”
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,” “seeks,” “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 statements about our 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 provide our services in a cost-efficient manner; government funding and budgetary delays, issues, and timing; adverse impacts related to project scheduling delays and cancellation of a project; and the 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).
