Iteris Receives $3.75 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission
23 Luglio 2024 - 2:30PM
Business Wire
Iteris will provide managed services that
support 511 traveler information operations region-wide
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced the Metropolitan Transportation Commission (MTC) has
awarded Iteris a $3.75 million contract for ongoing operational
support in the San Francisco Bay Area.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240723760174/en/
Iteris Receives $3.75 Million Contract
from San Francisco Bay Area Metropolitan Transportation Commission
(Photo: Business Wire)
Iteris has been providing MTC’s 511 Traveler Information
telephone system since 2016 and this new contract for the 511 SF
Bay Interactive Voice Response (IVR) phone system and operations
support services continues the partnership for three additional
years. Under the terms of the new contract, Iteris will continue to
provide the 511 SF Bay phone service as well as operations support
services for the nine-county region.
Iteris is also MTC’s go-to provider for 511 and Express Lanes
operational staffing services, for which it was awarded a
four-year, $13.3 million contract extension from the commission
last year.
With seven statewide and regional systems implemented across the
nation, Iteris is a nationwide leader in traveler information
services, which provide essential, up-to-the-minute traffic and
incident data to assist travelers in making informed routing
decisions.
“We’re proud of our successful partnership with the Metropolitan
Transportation Commission and very excited to be continuing it,”
said Dr. Moe Zarean, general manager, mobility operations services
at Iteris. “The 511 SF Bay phone system is integral to providing
information to the traveling public, and we’re committed to
delivering the highest level of service to MTC’s travelers while
continuing to improve operational performance, mobility and
sustainability these next three years.”
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart
mobility infrastructure management. Delivered through Iteris’
ClearMobility® Platform, our AI-powered 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 capabilities 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 successfully deliver our
services timely and in a cost-efficient manner; government funding
and budgetary issues and delays; project performance timing; impact
of influences and variances of general economic, political,
environment, and other conditions in the markets we address; and
the potential impact of product and service offerings from
competitors and other competitive pressures. 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/20240723760174/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
Grafico Azioni Iteris (NASDAQ:ITI)
Storico
Da Feb 2025 a Mar 2025
Grafico Azioni Iteris (NASDAQ:ITI)
Storico
Da Mar 2024 a Mar 2025