Iteris Awarded 4.5 Year Contract for the City/County Association of Governments of San Mateo County’s Smart Corridor Project
Approximate $1.0 million contract will continue to improve safety and mobility across nine cities in northern California
SANTA ANA, Calif., September 12, 2023--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced the City/County Association of Governments of San Mateo County (C/CAG) has awarded Iteris an almost $1.0 million, multi-year contract to support its countywide Smart Corridor Project.
Under the terms of the managed services contract, Iteris will continue to monitor the C/CAG’s San Mateo County Smart Corridor System network and ITS devices and provide support to the Smart Corridor maintenance contractor, as it has been since 2013.
The C/CAG’s San Mateo County Smart Corridor project aims to maximize efficiency, smooth traffic flow and improve safety and travel times in the region, which consists of nine cities in San Mateo County and Caltrans District 4.
Iteris has supported the project for over a decade and plays a crucial role in the ongoing maintenance of the network and equipment, modernization of Smart Corridor infrastructure, and integration of new cities onto the Smart Corridor system.
"We are proud to continue to support C/CAG of San Mateo County’s Smart Corridor project goals of improving safety and mobility in the region," said Steven Bradley, regional vice president, mobility professional services at Iteris. "The expansion of this contract represents continued demand for Iteris’ managed services in northern California and will serve to decrease congestion in the area while improving sustainability."
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," "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 contract and benefits and impacts 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 perform the services on a cost-effective basis; government funding and budgetary delays, constraints and issues; adverse impacts of performance timing; project and contract cancellations; and 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).
View source version on businesswire.com: https://www.businesswire.com/news/home/20230912513817/en/
Contacts
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: iti@mkr-group.com
