Iteris Awarded $3.2 Million Contract for Tampa Regional Traffic Management Center

Extendable Five-year Agreement Provides Operations Services and Staff for Tampa Bay SunGuide Center in Florida DOT’s District 7

  • Deal represents expansion of company’s operations services business in a key geographic market
  • Florida DOT embraces “proactive operations culture” for District 7 RTMC, with the aim of improving safety and efficiency of transportation system

SANTA ANA, Calif.--()--Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced that it has been awarded a $3.2 million sub-contract agreement to provide operations services and staff to the Florida Department of Transportation (FDOT) District 7 regional traffic management center (RTMC) in Tampa, Florida, representing an expansion of Iteris’ operations services business in a key geographic market.

Under the terms of the sub-contract, with Lucent Group, Inc., Iteris will supply traffic management center (TMC) operations services and staff for a minimum of five years. The program supports FDOT’s commitment to a “proactive operations culture,” which takes a more purposeful approach to seeking and anticipating traffic-related issues with the goal of improving road safety and efficiency for travelers.

Tasks may also include integrating future I-75 managed lanes to the RTMC, co-management of arterial and freeway operations, and design and construction oversight of the new operator workstations’ floor layout.

“FDOT is demonstrating its commitment to improving traffic safety and efficiency in this key part of the state,” said Moe Zarean, vice president and assistant general manager, eastern region, Transportation Systems at Iteris. “We look forward to leveraging the expertise from our TMC staffing engagements across the country to resolve the issues facing freeways and arterial roads throughout District 7.”

Iteris’ Transportation Systems business unit provides public and private entities, including local city agencies, counties, institutions and state DOTs, comprehensive TMC solutions, encompassing everything from design concept to installation, configuration and staffing.

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 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," "anticipates," "expects," "intends," "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 success and benefits of the awarded project and future opportunities related to it. 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 deliver operations services and staff in a timely and cost-effective basis; state agency budgeting constraints, delays and re-allocations related to an awarded project; timing of anticipated task orders issued under an awarded project; and the impacts 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).

Contacts

Iteris Contact
David Sadeghi, 949-270-9523
dsadeghi@iteris.com
or
Investor Relations
MKR Group, Inc.
Todd Kehrli, 323-468-2300
iti@mkr-group.com

Release Summary

Iteris today announced that it has been awarded a $3.2 million sub-contract agreement to provide operations services and staff to the Tampa RTMC.

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Contacts

Iteris Contact
David Sadeghi, 949-270-9523
dsadeghi@iteris.com
or
Investor Relations
MKR Group, Inc.
Todd Kehrli, 323-468-2300
iti@mkr-group.com