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

August 01, 2023 at 08:30 AM EDT

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).

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Contacts

Media Contact

Breanna Wallace

Tel: (949) 996-5348

Email: brwallace@iteris.com

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MKR Investor Relations, Inc.

Todd Kehrli

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Email: iti@mkr-group.com