Iteris Awarded $9.6 Million Contract by the Orange County Transportation Authority for Countywide Smart Mobility Initiative
27 März 2024 - 1:30PM
Business Wire
Project 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 it has been awarded a new contract by the Orange County
Transportation Authority (OCTA) for an unprecedented countywide
traffic signal synchronization project that will ultimately
increase efficiency, safety and sustainability across the entire
county.
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Iteris Awarded $9.6 Million Contract by
the Orange County Transportation Authority for Countywide Smart
Mobility Initiative (Photo: Business Wire)
Under the terms of the $9.6 million agreement, Iteris will
provide signal timing design, operations and maintenance for all 34
cities in Orange County, California, one of the most populous
counties in the entire United States. The project will be a
strategic reset of the traffic signal synchronization baseline for
over 2,500 signals—representing a significant shift in approach and
the need to leverage emerging technologies.
Iteris will utilize its ClearGuide® SaaS solution, rather than
temporary and/or manual data collection methods that provide only
limited insights, to efficiently capture a broader spectrum of
signal performance metrics to guide signal retiming and subsequent
monitoring of the network. In other words, with ClearGuide, Iteris
traffic operations personnel can remotely monitor arterial travel
times and reliability, identify congestion hotspots and prioritize
further retiming efforts to enhance network performance. This will
also be Iteris’ first deployment of Signal Trends, a new probe
data-based solution within ClearGuide that helps implement and
manage signal timing without reliance on roadside equipment.
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’re excited to be working with the Orange County
Transportation Authority on this important smart mobility
initiative,” said Bernard Li, vice president, mobility professional
services at Iteris. “The project represents an important shift
toward data-driven decision making and continues OCTA’s position as
a national leader in arterial management that focuses on safety and
sustainability for all roadway users.”
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart
mobility infrastructure management. Delivered through Iteris’
ClearMobility® Platform, our AI-powered 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,” “outlooks,” “targets,” “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 benefits and
impacts of our services and 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 successfully deliver services in
a cost-efficient manner; government funding and budgetary delays,
constraints and issues; adverse impacts of performance timing; 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).
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version on businesswire.com: https://www.businesswire.com/news/home/20240327712567/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: todd@mkrir.com
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