Iteris Awarded $2 Million Texas DOT IDIQ Contract for Smart Mobility and Traffic Signal Timing Services
27 Giugno 2024 - 2:30PM
Business Wire
Iteris expertise will help the six-county
Houston 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 with a value of up to
$2 million by the Texas Department of Transportation (TxDOT).
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Iteris announced that it has been awarded
a five-year indefinite delivery/indefinite quantity (IDIQ) contract
with a value of up to $2 million by the Texas Department of
Transportation (TxDOT). (Photo: Business Wire)
Under the terms of this contract, Iteris will continue to
provide traffic signal timing and operational improvements at key
intersections throughout the TxDOT Houston District, one of the
largest metropolitan areas in the United States with over 1,000
signalized intersections.
“We are extremely pleased to extend our close working
relationship with the state of Texas, one of the largest and most
progressive transportation markets in the U.S.,” said Cliff Heise,
regional vice president, mobility professional services at Iteris.
“Texas is a key strategic market for Iteris and, with this being
the fourth consecutive TxDOT Houston District Traffic Signal Timing
IDIQ awarded to Iteris, we’re excited for the chance to continue
our work increasing efficiency and creating a better, more
sustainable travel experience in the region.”
This agreement is the eighth major contract awarded to Iteris by
TxDOT in the past six years and the fourth consecutive signal
timing contract. Iteris has provided $15 million of Intelligent
Transportation System (ITS), traffic engineering and traffic signal
timing/operations support to TxDOT.
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," “outlooks,” “targets,” "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 professional 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/20240627265118/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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