|[November 05, 2013]
Iteris Awarded $2.2 Million Contract for Bus Signal Priority System in Los Angeles County
SANTA ANA, Calif. --(Business Wire)--
Iteris (News - Alert), Inc. (NYSE MKT: ITI), a leader in providing intelligent traffic
management information solutions, was awarded a $2.2 million contract to
provide a bus signal priority (BSP) system for Torrance Transit's Rapid
Line in Los Angeles County, California. Work on the contract is expected
to begin immediately.
"This project expands our established multi-modal operations throughout
Los Angeles County," said Abbas Mohaddes, president and CEO of Iteris.
"By growing our nationwide presence and utilizing existing bus system
technologies, we are able to provide clients with superior technology to
mitigate traffic congestion. We look forward to helping improve the
overall service to Los Angeles County residents and commuters."
Iteris is responsible for the design, procurement, deployment, and
on-going operation and maintenance of a multi-jurisdiction bus traffic
signal priority system at 83 signalized intersections. Deployment of the
bus signal priority system is anticipated to be completed within 18
months. The BSP system utilizes existing on-bus systems that incorporate
GPS-based automatic vehicle location equipment, wireless
bus-to-intersection communications, and advanced intersection traffic
controller technologies previously implemented by Iteris under the
Countywide Metro Rapid Signal Priority Program.
Kim Turner, Transit Director of the City of Torrance, added,
"Consistency and implementation of a proven system is essential for the
residents and transit users of Torrance Transit. Iteris has provided a
proven solution throughout Los Angeles County and we look forward to
continued success with their expanded solution."
About Iteris, Inc.
Iteris, Inc. 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-base
information systems that reduce traffic congestion, provide measurement,
management, and predictive traffic analytics, and improve the safety of
surface transportation systems. By combining its unique IP, products,
decades of expertise in traffic management, 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 the company on Facebook,
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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,"
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"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 success
and timing of this contract and its effect on our future prospects. Such
statements 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 the timing and successful completion of each phase of the
project, including the design, equipment procurement, deployment, and
on-going operation and maintenance; budget constraints and changing
governmental priorities; the potential unforeseen impact of product and
service offerings from competitors and other competitive or governmental
pressures; general economic and political conditions; and the specific
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
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