Iteris Awarded $3 Million Contract by Texas DOT for Smart Mobility, Intelligent Transportation and Traffic Engineering Services
2024年3月19日 - 9:30PM
ビジネスワイヤ(英語)
Iteris expertise will help the twelve-county
San Antonio District reduce traffic congestion, improve safety, and
increase sustainability
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced that it has been awarded a five-year indefinite
delivery/indefinite quantity (IDIQ) contract by the Texas
Department of Transportation (TxDOT) San Antonio District. The
contract has a value of up to $3.0 million, representing continued
demand for Iteris’ specialized consulting services in the large and
forward-thinking Texas market.
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Iteris Awarded $3 Million Contract by
Texas DOT for Smart Mobility, Intelligent Transportation and
Traffic Engineering Services (Photo: Business Wire)
This is Iteris’ third IDIQ contract with the TxDOT San Antonio
District within the last six years, bringing the total value to $8
million. Work will include developing construction level plans,
specifications, and estimates (PS&E) and deploying wireless or
fiber communications, closed circuit television cameras (CCTV),
dynamic message signs (DMS), vehicle detection systems, wrong-way
driver systems, and low water crossing systems as well as
infrastructure support, traffic signal design, traffic signal
operations support and signal timing for the twelve-county
area.
This agreement is the sixth major contract awarded to Iteris by
TxDOT in the past six years, underscoring Iteris’ value in one of
the largest and most progressive national transportation
markets.
“We are proud to be selected again by TxDOT to support important
infrastructure projects in the San Antonio District,” said Cliff
Heise, regional vice president, mobility professional services at
Iteris. “With our deep and proven expertise, we are excited to help
TxDOT increase efficiency, reduce fuel consumption, improve air
quality, and create a better transportation experience for the
traveling public throughout the region.”
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
awarded contract and statements about our consulting 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 provide our services in a
cost-efficient manner; government funding and budgetary delays,
issues, and timing; adverse impacts related to project scheduling
delays and cancellation of a project; and the adverse impacts of
general economic, political, 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/20240319529874/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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