Iteris Chosen to Support Intelligent Transportation Systems Project in Mérida, Mexico

Iteris selected to modernize public transit in the Yucatán Capital, as part of USTDA-funded technical assistance

• USTDA technical assistance project will provide a roadmap for the deployment of technologies to improve performance, operations, and safety

• Represents international demand for Iteris’ specialized consulting services

FAIRFAX, Va., July 27, 2023--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been selected to modernize public transit in Mérida, the capital of the Mexican state of Yucatán, as part of a United States Trade and Development Agency (USTDA)-funded ITS modernization project.

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Iteris Chosen to Support Intelligent Transportation Systems Project in Mérida, Mexico (Photo: Business Wire)

This technical assistance activity provided by USTDA to the grantee, Instituto de Movilidad y Desarrollo Urbano Territorial (IMDUT), is intended to update the bus control and monitoring center, and advance the transition to electric buses for Mérida’s public transportation fleet. In this phase of the project, Iteris will support the selection and deployment of ITS technologies that will be critical to achieve the project’s objectives.

Iteris is a subconsultant to Nathan Associates, LLC, a trusted global partner for providing analytic and economic solutions worldwide, who was awarded the USTDA Mérida ITS Modernization project. Iteris will be an active part of Nathan’s team as the ITS expert and will support other members of the team in all aspects of the project, including assessment of current conditions, development of ITS technology recommendations, review of potential technology suppliers in the U.S., and creation of an ITS implementation plan.

"We are thrilled to have been chosen to support this important international initiative," said Moe Zarean, general manager of mobility operations services at Iteris. "We realize the impact of this project is critical to improving public transportation in Mérida by enhancing overall system performance, bus control, and monitoring operations and safety. We look forward to working closely with USTDA, IMDUT, Nathan Associates and other stakeholders to make it successful."

This project is Iteris’ first international ITS consulting project funded by USTDA, and one of the first large-scale projects in Latin America focusing on ITS solutions and bus electrification as part of modernizing public 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 project and impacts and benefits of our specialized 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 performance timing and cancellation of a project; and the impact 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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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