SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced the Orange County Transportation Authority (OCTA) has engaged with the company to conduct a Vehicle-to-Infrastructure State of the Practice Review. The study will cover connected vehicle technology between vehicles (V2V) and vehicle-to-infrastructure (V2I) and will make recommendations for how the OCTA can advance their development and use as the technologies and their applications mature.
Connected Vehicle technology, which includes V2V and V2I communications, such as the sharing of traffic signal data with vehicles, presents enormous potential to reduce crashes on roadways. Iteris is at the forefront of designing and implementing these technologies having created the Connected Vehicle Reference Implementation Architecture (CVRIA) for the USDOT and through the company’s involvement in Connected and Autonomous vehicle testbeds in Ohio, Michigan and Virginia.
“Connected vehicle technology holds tremendous promise to prevent crashes,” said Ramin Massoumi, general manager and senior vice president of Transportation Systems at Iteris. “Understanding and advancing these technologies will not only make our roadways safer, but also operate more efficiently. With our study, OCTA will help to shape the roll-out of V2V and V2I in its region and pave the way for other regions.”
The National Highway Traffic Safety Administration estimates that safety applications enabled by V2V and V2I could eliminate or mitigate the severity of up to 80% of non-impaired crashes, including crashes at intersections or while changing lanes.
Iteris has decades of experience in V2I standards in planning, deployment, integration and operations. In addition to the CVRIA, the company developed and maintains the United States’ Intelligent Transportation System (ITS) architecture since 1996, and this year Iteris will combine the two architectures to further build-out the guidelines for connected vehicle and smart community initiatives.
About Iteris, Inc.
Iteris is the global leader in applied informatics for transportation and agriculture, turning big data into big breakthrough solutions. We collect, aggregate and analyze data on traffic, roads, weather, water, soil and crops to generate precise informatics that lead to safer transportation and smarter farming. Municipalities, government agencies, crop science companies, farmers and agronomists around the world use our solutions to make roads safer and travel more efficient, as well as farmlands more sustainable, healthy and productive. Visit www.iteris.com for more information.
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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," “outlooks,” “target,” "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 timing, success, and benefits of the review and effects of conducting a review. 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 complete the review and make recommendations; government funding and budgetary issues, and potential related funding delays; effects of connected vehicle technology, reviews and recommendations; implementation by the agency of recommendations made to the agency; the impact of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. 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).