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Iteris (NASDAQ: ITI) has been selected for a U.S. Trade and Development Agency (USTDA)-funded project to enhance transportation systems in Metro Cebu, Philippines.
The project aims to develop an Intelligent Transportation System (ITS) master plan for Cebu City and 12 other local government units, addressing traffic congestion, delays, and unsafe conditions.
Iteris will lead ITS activities, including assessing current conditions, recommending ITS technologies, reviewing U.S. technology suppliers, and creating the master plan.
The initiative aims to improve traffic management, reduce emissions, enhance road safety, and optimize cargo and passenger movements.
Iteris, Inc. (NASDAQ: ITI) announced its participation in two investor conferences in May 2024, including EF Hutton Annual Global Conference and B. Riley 24th Annual Institutional Investor Conference. The company's president and CEO, Joe Bergera, and CFO, Kerry Shiba, will host one-on-one meetings with institutional investors at these events.