SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NYSE MKT: ITI), a leader in providing intelligent traffic management information solutions, has been selected, along with HERE, to compete with a small group of other companies to provide traffic data and analytics for the I-95 Corridor Coalition, which spans nearly 2,000 miles from Maine to Florida.
Iteris will work in partnership with HERE to deliver advanced traffic analytics to support the I-95 Coalition, allowing decision-makers to closely monitor traffic and weather conditions, measure performance, optimize operations, and communicate actionable information to traffic engineers. Iteris plans to provide the I-95 Coalition with a robust website, analytic tools, and archiving capabilities for real-time and historic traffic and weather information.
“The opportunity provided by the I-95 Coalition members confirms the integral role of technology in traffic management operations,” said Iteris’ Tom Blair, senior vice president, iPerform. “We currently work with HERE to deliver innovative, real-time visual analytics, and traffic data services to agencies and look forward to serve the eastern seaboard.”
Roy Kolstad, VP Enterprise Sales, HERE, commented: “Our traffic services, along with the Iteris iPeMS platform, can enhance the movement of people and goods along and within this corridor. We look forward to working with the states to enhance their operations and provide valuable traveler information to citizens. The I-95 Coalition members will have the opportunity to receive the highest quality data, tools and support in the most efficient manner possible.”
The iPeMS® software platform measures, manages, and visualizes transportation networks, providing real-time, actionable information to optimize vehicle through-put of the entire network. With iPeMS, Iteris is able to deliver next generation cloud-based solutions that bring the power of advanced data analytics to performance monitoring, MAP-21 reporting requirements, traffic prediction, and hyper-local weather conditions to the public marketplace.
George Schoener of the I-95 Corridor Coalition commented: "The I-95 Coalition is pleased to announce the completion of a very thorough competitive process for procuring real-time speed, travel time data and analytics. As a result, the Coalition secured even higher quality specifications for accuracy, timeliness and granularity of the data. Additionally, the network emphasis was expanded to include freeways and arterials – creating an industry-first, multi-vendor, unified operations picture that spans critical road classes. We're looking forward to working with the HERE and Iteris team as part of this important project."
About Iteris, Inc.
Iteris, Inc. (NYSE MKT: ITI) is a leader in providing intelligent information solutions to the traffic management market. The company is focused on the development and application of advanced technologies and software-based information systems that reduce traffic congestion, provide measurement, management, and predictive traffic and weather analytics, and improve the safety of surface transportation systems. By combining its unique IP, products, decades of expertise in traffic management, hyper-local weather solutions and information technologies, Iteris offers a broad range of Intelligent Transportation System (ITS) solutions to customers worldwide. The firm is headquartered in Santa Ana, California, with offices nationwide and in the Middle East. For more information, please call 1-888-329-4483 or visit www.iteris.com. Also visit us on Facebook, Twitter, and YouTube.
HERE, a Nokia company, is a leader in navigation, mapping and location experiences. We combine highly accurate and fresh maps with cloud technology to enable rich, real-time location experiences in a broad range of connected devices – from smartphones and tablets to wearables and vehicles. To learn more about HERE, including our work in the areas of connected and autonomous driving, visit http://360.here.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
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," "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 our ability to successfully compete to provide advanced traffic analytics tools and other capabilities for the I-95 Corridor Coalition. 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 specify, develop, complete and roll out an advanced website for this project, as well as the analytics tools and other capabilities for the I-95 Corridor Coalition on a timely basis, with the desired functionality and that meet the requirements of the states; our ability to successfully anticipate the demands and requirements of the states participating in this project, the timing and successful completion of customer qualification of our deliverables under this project; the potential unforeseen impact of product and service offerings from competitors, increased competition in certain market segments and other competitive pressures; the impact of federal, state and local government budgetary issues, constraints and delays; the timing and amount of government funds allocated to overall transportation infrastructure projects and the transportation industry; 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).