Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced that it has been awarded an $800,000 traffic signal synchronization project by the Illinois Department of Transportation (IDOT).
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Iteris Awarded Traffic Signal Coordination and Timing Project from Illinois Department of Transportation (Photo: Business Wire)
The five-year project includes signal coordination and timing improvements at various locations in IDOT’s District One. The project involves six counties – Cook, Lake, DuPage, Kane, Will and McHenry.
Under the project agreement, Iteris will develop optimized traffic signal coordination and timing plans at heavily travelled corridors and respond in the field to traffic signal and system operational issues, complaints and other District One needs in short notice. Other tasks include preparation or review of traffic signal design and networking plans, traffic studies, and other tasks as assigned by the district’s traffic programs engineer. The primary goal is to improve traffic flow and safety for all road users, including vehicles, buses, bicycles and pedestrians, by providing updated signal timing and signal synchronization along the corridors being analyzed.
“We are proud to support IDOT’s goal of improving the safety and mobility of Illinois’ road users by embarking on this traffic signal synchronization project,” said Scott Carlson, vice president and assistant general manager, Transportation Systems at Iteris. “This initiative represents the continued expansion of Iteris’ traffic signal coordination services in the Midwest and will ultimately help to increase the value and effectiveness of the region’s existing transportation infrastructure, while also improving air quality and reducing fuel consumption.”
Iteris opened an office in St. Charles, IL in January 2019. The company expects to commence the traffic signal synchronization project immediately.
About Iteris, Inc.
Iteris is the global leader in applied informatics for transportation and agriculture, turning big data into big breakthrough solutions. We collect, aggregate and analyze data on traffic, roads, weather, water, soil and crops to generate precise informatics that lead to safer transportation and smarter farming. Municipalities, government agencies, crop science companies, farmers and agronomists around the world use our solutions to make roads safer and travel more efficient, as well as farmlands more sustainable, healthy and productive. 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,” “outlooks,” “target,” “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 project and the impact 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 provide the services and deliverables on a cost-effective basis; government funding and budgetary issues; potential impacts related to funding delays and lack of funding availability; availability of resources, such as components and equipment necessary to perform the work for the project; the impact of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. 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).