Iteris Awarded $1.2 Million Contract by the City of Yorba Linda for a Regional Smart Mobility Initiative
12 Oktober 2023 - 2:30PM
Business Wire
Initiative will reduce traffic congestion,
improve safety, and result in more sustainable transportation in
Orange County, California
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced that it has been awarded a new contract by the City of
Yorba Linda in Orange County, California for a traffic signal
synchronization project and further ITS upgrades.
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Iteris Awarded $1.2 Million Contract by
the City of Yorba Linda for a Regional Smart Mobility Initiative
(Photo: Business Wire)
Under the terms of the multi-year, $1.2 million agreement,
Iteris will implement signal timing synchronization, install
conduit and fiber optic communications systems, introduce TMC
improvements and provide system construction and integration
support. Iteris will also create multiple reports aimed at
improving mobility, including a measure-of-effectiveness (MOE)
analysis, COVID-19 impacts to travel time analysis, travel time
comparison, and congestion hotspot analysis. The project—which will
impact 87 intersections across four cities—utilizes Iteris’
ClearGuide® solution and is funded by the Orange County Transit
Authority’s Regional Traffic Signal Synchronization Program
(RTSSP).
Using ClearGuide, Iteris personnel will remotely monitor
arterial travel times and reliability, identify congestion
hotspots, and prioritize retiming efforts. This capability enhances
work to provide optimized signal timing performance and will be
used as part of our future operations and maintenance phase for the
project. This strategy also serves to help maintain the signal
timing improvements, keeping corridor optimization at “year one”
levels for years to come—this is what the company refers to as the
“Iteris Year One Initiative™”.
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. It 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 happy to be a part of this regional smart mobility
project with the City of Yorba Linda,” said Steven Bradley,
regional vice president, mobility professional services at Iteris.
“This initiative will ultimately help to increase value,
effectiveness and resilience in the region’s existing
transportation infrastructure, all while improving air quality and
sustainability through reduced fuel consumption and emissions.”
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 benefits and impacts of our services and
ClearGuide solution. 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 on a cost-effective basis; government funding and
budgetary delays, constraints and issues; adverse impacts of
performance timing; project and contract cancellations;
availability of resources, such as components and equipment,
necessary to perform the work for the project; 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).
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version on businesswire.com: https://www.businesswire.com/news/home/20231012509259/en/
Media Contact Breanna Wallace Tel: (949) 996-5348 Email:
brwallace@iteris.com Investor Relations MKR Investor
Relations, Inc. Todd Kehrli Tel: (213) 277-5550 Email:
iti@mkr-group.com
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