SANTA ANA, Calif.–(Enterprise WIRE)–Oct 27, 2020–
Iteris, Inc. (NASDAQ: ITI), the international leader in sensible mobility infrastructure administration, currently introduced that it has been awarded a five-calendar year experienced solutions contract with a ceiling of $5 million from the Florida Office of Transportation (FDOT) District 7 in Tampa, Florida for a regional website traffic signal retiming program, symbolizing ongoing demand from customers for Iteris’ specialised consulting providers in a important geographic current market.
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Iteris Awarded Florida Office of Transportation Contract for Targeted traffic Sign Retiming Program (Photo: Small business Wire)
The five-12 months method includes sign coordination and timing improvements at crucial intersections all over Florida’s District 7, which houses above 1,100 signalized intersections, symbolizing virtually 20% of signalized intersections in the point out.
Below the phrases of the agreement, Iteris will provide companies like intersection and method investigation, details selection and design development, site visitors signal timing prepare growth, implementation and evaluation, and additional website traffic sign functions solutions with the aim of increasing visitors stream, improving community security and lowering stops.
The most important intention of this venture is to put into practice optimized coordination timing plans to reach best traffic flow, and enhance protection for all road buyers, like automobiles, buses, bicycles and pedestrians.
“We are very pleased to support FDOT’s objective of strengthening the basic safety and mobility of road people by main this targeted visitors sign retiming system,” claimed Helmuth Arens, associate vice president and site visitors operations team manager, Transportation Methods at Iteris. “This initiative signifies the ongoing growth of Iteris’ site visitors sign coordination expert services in a key geographic market, and will eventually help to boost the benefit and usefulness of the region’s current transportation infrastructure, when also strengthening security, air high-quality and minimizing gasoline intake.”
Iteris expects to begin the website traffic signal coordination challenge promptly.
About Iteris, Inc.
Iteris is the international chief in intelligent mobility infrastructure management – the foundation for a new period of mobility. We implement cloud computing, synthetic intelligence, state-of-the-art sensors, advisory companies and managed providers to achieve protected, productive and sustainable mobility. Our finish-to-close answers keep track of, visualize and improve mobility infrastructure about the environment to aid ensure that streets are protected, travel is effective, and communities thrive. Visit www.iteris.com for additional details and be part of the dialogue on Twitter, LinkedIn and Fb.
Iteris Forward-Searching Statements
This release might incorporate ahead-seeking statements, which talk only as of the day hereof and are primarily based upon our existing expectations and the info available to us at this time. Terms this kind of as “believes,” “anticipates,” “expects,” “intends,” “plans,” “seeks,” “estimates,” “may,” “should,” “will,” “can,” and versions of these text or identical expressions are supposed to determine ahead-wanting statements. These statements contain, but are not minimal to, statements about the awarded agreement. Such statements are not assures of long term overall performance and are matter to sure pitfalls, uncertainties, and assumptions that are tough to predict, and precise final results could differ materially and adversely from people expressed in any forward-searching statements as a result of a variety of factors.
Important aspects that may possibly result in this kind of a variance include things like, but are not confined to, our potential to deliver our services in a timely and expense-effective foundation govt funding and budgetary challenges and delays the impacts of basic economic, political, and other disorders in the markets we deal with and the probable effect of products and service choices from rivals and this kind of competitors’ patent coverage and statements. Further more details on Iteris, Inc., including supplemental danger elements that may possibly impact our ahead-wanting statements, is contained in our Yearly Report on Type 10-K, our Quarterly Experiences on Kind 10-Q, our Existing Stories on Kind 8-K, and our other SEC filings that are obtainable by the SEC’s web page ( www.sec.gov ).
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Source: Iteris, Inc.
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PUB: 10/27/2020 08:30 AM/DISC: 10/27/2020 08:31 AM