Iteris Announces Availability of New Cloud-enabled Managed Services for Smart Mobility Infrastructure Management

Rhea-AI Summary

Iteris has launched two cloud-enabled managed services aimed at enhancing smart mobility infrastructure management for public agencies and commercial enterprises. These services focus on congestion management and asset management, utilizing Iteris' industry expertise to reduce traffic congestion, ensure improved safety, and promote sustainable infrastructure. The positive market reception is evidenced by early adopters, including the City of Lake Forest and the Georgia Department of Transportation, who seek to improve traffic operations and maintenance.

Positive

• Launch of cloud-enabled managed services for congestion and asset management.
• Early adopter interest from clients like the City of Lake Forest and the Georgia Department of Transportation.
• Potential to reduce traffic congestion and improve safety and sustainability.

Negative

• None.

Innovative New Congestion Management and Asset Management Services Will Improve Efficiency and Sustainability for Public Agency and Commercial Enterprise Customers

• Iteris’ managed service offerings augment the transportation operations of municipalities, cities, states and commercial enterprises with Iteris’ industry-leading technology, expertise and resources on an ongoing basis.
• Use of Iteris managed services for proactive management of complex transportation operations leads to reduced traffic congestion, improved safety, and more sustainable, equitable and resilient transportation infrastructure.
• Early adoption of these new solution delivery systems by both public agency and commercial enterprise customers demonstrates strong demand for Iteris’ cloud-enabled, platform-based approach to smart mobility infrastructure management.

SANTA ANA, Calif.--(BUSINESS WIRE)--

Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced the availability of two new cloud-enabled managed services that augment the traffic management operations of public agencies and commercial enterprises with Iteris’ technology, expertise and resources.

Iteris Announces Availability of New Cloud-enabled Managed Services for Smart Mobility Infrastructure Management (Graphic: Business Wire)

Iteris’ managed service offerings leverage its ClearMobility™ Platform to proactively manage complex transportation operations, leading to reduced traffic congestion, improved safety, and more sustainable, equitable and resilient transportation infrastructure.

Iteris’ congestion management service for intersections, arterials and highways enables the constant analysis of traffic trends along signalized corridors and highway construction projects, identification of areas of improvement, and optimization of signal timing along corridors to help improve mobility, and decrease congestion for municipalities, cities, states and commercial customers nationwide. As part of the congestion management service, Iteris applies its industry-leading suite of software-as-a-service (SaaS) solutions, including its ClearGuide™ transportation performance measures solution, for continuous analysis and visualization of traffic data to improve safety and mobility, and implement remediation measures as traffic conditions change. Initially, the congestion management service is focused on the operation of traffic signals, and maintenance of traffic on highway construction projects, but it is expected to evolve to address additional use cases.

Iteris’ asset management service enables transportation agencies to track and maintain the inventory and condition of technology equipment deployed in the field or warehoused, conduct lifecycle analysis, and monitor asset performance over time. Iteris’ asset management service improves traffic sensor uptime for improved overall operations, and management of traffic signals and highway intelligent transportation systems (ITS).

Early adopters have already deployed Iteris’ new managed services.

In July 2021, the City of Lake Forest selected Iteris for a multi-year smart mobility program, whereby Iteris will deliver its congestion management service for arterials to augment the city’s traffic management operations to reduce congestion and improve safety throughout Lake Forest, CA.

In March 2021, the Pulice-FNF-Flatiron Joint Venture selected Iteris’ congestion management service for highways to improve mobility and safety for the strategically important Arizona Department of Transportation I-10 Broadway Curve Design Build highway improvement project. Also in March 2021, the OC 405 Partners Joint Venture expanded its use of ClearGuide for another year as part of Iteris’ congestion management service to manage and minimize the impact of construction on traffic congestion, safety and mobility for 370,000 daily southern California drivers during the I-405 Improvement Project, which was launched in 2017.

Additionally, the Georgia Department of Transportation selected Iteris’ asset management service to improve statewide ITS maintenance following the successful deployment of a similar ITS Asset Management System for the Virginia Department of Transportation (VDOT). This new service will expand Iteris’ asset management for VDOT from tens of thousands of highway ITS assets to include 4,500 traffic signals statewide.

“These innovative new cloud-enabled managed services for congestion management and asset management enable cities and states to improve safety, mobility and road user satisfaction to a greater extent than can be achieved through traditional methods, while reducing carbon emissions for better air quality,” said Scott Carlson, vice president, Alternative Delivery at Iteris. “Based on the positive outcomes of early adopters, we excited to officially launch these new solutions.”

Iteris’ congestion management and asset management services are key components of the ClearMobility Platform, the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.

About Iteris, Inc.

Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. 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 capabilities and benefits of our portfolio of cloud-enabled managed services and ClearMobility platform. 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 our services and products in a cost-efficient manner; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; 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).

View source version on businesswire.com: https://www.businesswire.com/news/home/20211019005181/en/

Iteris Contact

David Sadeghi

Tel: (949) 270-9523

Email: dsadeghi@iteris.com

Investor Relations

MKR Investor Relations, Inc.

Todd Kehrli

Tel: (213) 277-5550

Email: iti@mkr-group.com

Source: Iteris, Inc.

FAQ

What new services has Iteris launched as of October 2021?

Iteris launched cloud-enabled managed services for congestion management and asset management.

How do Iteris' new managed services benefit public agencies?

The new services improve efficiency, reduce traffic congestion, and enhance safety in transportation operations.

Which organizations have adopted Iteris' new managed services?

Early adopters include the City of Lake Forest and the Georgia Department of Transportation.

What is the focus of Iteris' congestion management service?

The service focuses on optimizing traffic signal timing and improving mobility along highways and intersections.

What are the key features of Iteris' asset management service?

The asset management service tracks and maintains the condition of technology equipment and monitors performance over time.