Iteris Awarded $1 Million Extension for Continued Support of Florida Department of Transportation Initiative for Regional Smart Mobility, Safety and Sustainability

Initiative will Improve Traffic Flow and Safety, and Reduce Carbon Emissions Across Seven Florida Counties 

• Program leverages Iteris’ smart mobility infrastructure management expertise to support region’s goal of improving safety and mobility for all road users, while increasing sustainability across key arterials and highways in Central Florida.
• Over 1,000 signals across the seven Florida counties will benefit.
• Deal represents continued market share growth for Iteris’ specialized consulting services in a key geographic market.

TAMPA, Fla.--(BUSINESS WIRE)-- Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $1 million work order extension from Metric Engineering to support the Florida Department of Transportation (FDOT) for a regional smart mobility, safety and sustainability program.

Iteris Awarded $1 Million Extension for Continued Support of Florida Department of Transportation Initiative for Regional Smart Mobility, Safety and Sustainability (Graphic: Business Wire)

This extension supports an original initiative that Iteris announced last December with FDOT: a five-year sub-contract agreement with Metric Engineering in which Iteris will be the lead consultant for the arterials in the regional traffic management center, as well as lead the signal timing program in conjunction. Metric Engineering will further work on FDOT’s integrated corridor management (ICM) program with Iteris, in which Iteris supports projects to maintain travel time reliability, reduce fuel consumption and greenhouse gas emissions, improve safety and mobility, and improve the overall travel experience for all road users—including vehicles, buses, bicycles and pedestrians.

“We look forward to furthering our work with FDOT to improve the safety, mobility and sustainability of Florida roads, but today our thoughts go to the Florida communities who are still reeling from Hurricane Ian,” said Scott Carlson, vice president and general manager, Mobility Professional Services at Iteris. “While we are fortunate that our operations were not impacted, we know the road to rebuilding will be long, and we send our best wishes to everyone impacted. Our teams have resumed providing critical support to regional agency customers, including through projects like this one, as the state looks towards the future.”

Under the terms of the professional services work order extension, Iteris’ engineers will be embedded at FDOT’s Regional Traffic Management Center, addressing incident management, timing adjustments, corridor retiming and workforce development. Over 1,000 signals in FDOT District 5 will benefit from the service, including across Orange County, Seminole County, Brevard County, Osceola County, Lake County, Flagler County and Volusia County.

The overall project will reduce delays and stops on key corridors to reduce CO2 emissions and fuels consumption, leading to a more sustainable environment and better air quality.

About Iteris, Inc.

Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility® Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. 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, impact, and benefits of the awarded contract extension and our services. 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 perform the services on a cost-effective basis; government funding and budgetary issues and potential related scheduling and funding delays; adverse impacts related to performance timing and cancellation of an awarded contract; adverse impacts of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors. 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/20221011005462/en/

Media Contact

Breanna Wallace

Tel: (949) 996-5348

Email: brwallace@iteris.com

Investor Relations

MKR Investor Relations, Inc.

Todd Kehrli

Tel: (213) 277-5550

Email: iti@mkr-group.com

Source: Iteris, Inc.