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02.12.2021 14:30

Iteris Awarded $1.4 Million to Support Florida Department of Transportation for Regional Smart Mobility, Safety and Sustainability Initiative

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Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $1.4 million task order from Metric Engineering to support the Florida Department of Transportation (FDOT) for a regional smart mobility, safety and sustainability program, representing continued demand for Iteris’ specialized consulting services in Florida, a key geographic market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211202005224/en/

Iteris Awarded $1.4 Million to Support Florida Department of Transportation for Regional Smart Mobility, Safety and Sustainability Initiative (Photo: Business Wire)

Iteris Awarded $1.4 Million to Support Florida Department of Transportation for Regional Smart Mobility, Safety and Sustainability Initiative (Photo: Business Wire)

FDOT’s integrated corridor management (ICM) program with Iteris supports its goals to maintain travel time reliability, reduce fuel consumption and greenhouse gas emissions, while improving safety and mobility, and overall travel experience for all road users, including vehicles, buses, bicycles and pedestrians. By reducing delays and stops on key corridors for passenger vehicles and heavy vehicles, the project will help reduce CO2 emissions and fuel consumption, which in turn will contribute to sustainable environmental and air quality improvements.

Under the terms of the five-year sub-contract agreement, with Metric Engineering, Iteris will be the lead consultant for the arterials in the regional traffic management center, as well as lead the signal timing program in conjunction with three other firms that will improve traffic flow, enhance public safety and decrease stops throughout central Florida.

"We are proud to continue to support FDOT’s goal of improving the safety, mobility and sustainability of Florida road users by embarking on this regional integrated corridor management project,” said Jeff Gerken, regional vice president, Consulting Solutions at Iteris. "This initiative represents the continued expansion of Iteris’ specialized consulting services in Florida, and will ultimately help to increase the value, effectiveness and resilience of the region’s existing transportation infrastructure, while also improving air quality and reducing fuel consumption.”

About Iteris, Inc.

Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. 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," "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 success, impact, and benefits of the awarded contract and the project. 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 on a cost-effective basis; government funding and budgetary issues and potential related scheduling and funding delays; adverse impacts related to performance timing and cancellation of an awarded contract; adverse impacts of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors. 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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