SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NYSE MKT: ITI), a leader in providing information solutions to the transportation and agriculture markets, has entered into agreements with four new municipal customers to provide pavement forecasting, weather alerts, and inclement weather related call-outs using Iteris’ leading maintenance decision support system, ClearPath Weather®. Iteris now provides road weather services for 14 state DOTs and 65 municipalities.
The new service agreements for the cities of Colorado Springs, CO; Bloomington and Ramsey, MN; and Omaha, NE, provide pavement-level forecasting services for efficient resource management and road maintenance. The municipalities will also subscribe to ClearPath Weather’s METAlerts Alerting Service, a customizable subscription service for weather, road condition, and National Weather Service (NWS) watch or warning alerts.
“We have extended our market-leadership in providing state-wide support for snow and ice maintenance by enhancing our ClearPath Weather solution with pavement weather forecasting support for municipalities,” said Tom Blair, senior vice president of Iteris’ Performance Analytics Division. “The number of municipalities now under contract reflects the strength of our technology and service offering. We look forward to supporting maintenance managers with premium, real-time, road-specific weather information and decision support services, and enabling them to save time, money and resources while keeping their road networks safe and clear, before, during, and after severe weather events.”
ClearPath Weather is based on Iteris’ proprietary Highway Condition Analysis and Prediction System (HiCAPS™) pavement condition model. This cloud-based decision support solution features an easy- to-use interface with state-of-the-art visualization tools and mapping. The solution also provides road maintenance managers with access to critical information, such as radar, satellite imagery, weather forecasts, plow location, and route-specific pavement weather and road maintenance treatment recommendations.
About Iteris, Inc.
Iteris, Inc. (NYSE MKT: ITI) is a leader in providing information solutions to the transportation and agriculture markets. The company is focused on providing information and guidance to practitioners in these markets to improve their effectiveness and efficiency. By combining its expertise, unique IP, and information infrastructure in a suite of products and services, Iteris offers a broad range of solutions to both domestic US and international customers. The firm is headquartered in Santa Ana, California, with offices throughout the US and in selected foreign countries. For more information, please visit www.iteris.com call 1-888-329-4483. Also visit us on Facebook, Twitter, LinkedIn, and YouTube.
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 the anticipated results and benefits of our agreement with municipalities and our ability to renew such contracts annually. 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 statewide pavement weather forecasting and maintenance decision support services accurately, reliably and on a timely basis; challenges in the development, roll-out and integration of software-based solutions generally; the potential impact of product and service offerings from competitors and other competitive pressures; the broad adoption of technology based analytics solutions in the traffic market; government budgetary issues and priorities; 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).