Iteris Awarded Federal Highway Administration Contract for Intelligent Transportation Systems Architecture Program
31 Oktober 2023 - 1:30PM
Business Wire
Three-year agreement with contract ceiling of
$9.5 million demonstrates Iteris’ continuous role as trusted
advisor to US Department of Transportation
- US DOT’s ITS architecture is important to the consistency,
interoperability, and scalability of the nation’s transportation
network
- Iteris team to provide functional, technology, data,
security, engineering, and other essential technical expertise to
further enhance US DOT’s ITS architecture
- ITS architecture enhancements will prepare state and local
transportation infrastructure owner operators for advances in
automation, connectivity, and emerging technology
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced that it has been awarded a task order under Iteris’
General Services Administration Multiple Award Schedule contract
with a ceiling of $9.5 million from the Federal Highway
Administration Intelligent Transportation Systems Joint Program
Office (ITS JPO) to provide continued development, evolution and
deployment support for the nation’s Intelligent Transportation
Systems (ITS) reference architecture program.
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Iteris Awarded Federal Highway
Administration Contract for Intelligent Transportation Systems
Architecture Program (Photo: Business Wire)
Under the three-year agreement, Iteris will support the
evolution of the Architecture Reference for Cooperative and
Intelligent Transportation (ARC-IT) content to reflect ongoing
changes in ITS, including new capabilities enabled by automation,
connectivity, and emerging technology. The program supports
statewide and regional ITS planning and deployment to encourage
interoperability and emerging technology preparedness through
workshops, training and technical assistance.
“Since its initial release in 1996, the ITS architecture program
has been a vital and constantly evolving reference for ITS and
emerging technology projects,” said Dr. Moe Zarean, general
manager, mobility operations services at Iteris. “Iteris is honored
to provide expertise which supports the ITS JPO’s mission to
improve the safety, mobility, equity, and sustainability of our
nation’s transportation system.”
Iteris has led the evolution of the U.S. ITS architecture
reference for three decades, most recently expanding ARC-IT to
support Multimodal Accessible Travel (MAT). These updates have
addressed accessible navigation, payment integration, and
vulnerable road user safety across multiple modes, with the MAT
analysis including a gap assessment to inform standards updates and
development planning. ARC-IT has also been updated to better
support Management of Electronic Traffic Regulations, which
addresses electronic communication of traffic regulations to
connected and automated vehicles. The exceptional team that Iteris
assembled for the next evolution of ARC-IT includes Consystec,
Cooperative Mobility, GO Systems and Solutions, JMCRota, Trevilon,
and TrustThink.
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
total value, success, impact, and benefits of the awarded contract,
and the services related to ARC-IT, including ongoing ITS changes
and emerging technology developments. 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 successfully perform the
services in a cost-effective manner; agency funding and budgetary
issues and delays; utilization needs of the agency for the services
subject to the contract (e.g., seasonality); impact of adverse
influences and variances of general economic, political,
environmental, and other conditions in the markets we address;
performance timing and cancellation of task orders; and the
potential impact of product and service offerings from competitors
and other competitive pressures. 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).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231031637526/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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