ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Iteris Expands Midwest Presence with Two Contracts for Regional Smart Mobility Initiatives

Multi-year initiatives will improve traffic management, safety and mobility in key Midwest cities Indianapolis and Kansas City

Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded contracts for smart mobility, safety and sustainability projects by two agencies in the Midwest: Indianapolis Metropolitan Planning Organization (IMPO) and Mid-America Regional Council (MARC). These projects represent expanded Midwest operations due to continued demand in the region.

Under the terms of the first contract with IMPO, Iteris will update the Indianapolis ITS Architecture to reflect current ITS systems and services provided in the Indianapolis region. The project will include stakeholder engagement to identify the current and planned elements and provide updated architecture content. In addition, Iteris will provide an analysis of regional transportation operations and the potential of a Transportation Systems Management and Operations (TSM&O) Program.

Under the second contract with MARC, Iteris will provide traffic engineering and signal timing services for the Operation Green Light Program, an effort to improve the operation of traffic signals on major routes throughout 27 agencies in the Kansas City area. This two-year agreement involves identifying innovative traffic signal retiming techniques to improve safety and mobility, reducing stops and traffic congestion, and increasing sustainability. Through minimizing delays and stops on key corridors, Operation Green Light will help reduce emissions that contribute to ground-level ozone, which is the Kansas City area’s main air pollutant.

“Iteris is excited to expand our presence in the Midwest with these new projects,” said Cliff Heise, regional vice president, mobility professional services at Iteris. “We are pleased to apply our extensive ITS architecture and signal timing expertise to help both the Indianapolis and Kansas City areas increase the safety, efficiency and sustainability of their transportation networks.”

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," "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 contracts and impacts and benefits of our services. 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 timely and cost effectively; government funding and budgetary scheduling, issues and delays; potential adverse impacts from general economic, political, environment, and other conditions in the markets we address; performance timing and cancellation of contracts; 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).

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.