Iteris Awarded $2.5 Million by San Bernardino County Transportation Authority for Signal Coordination Support and Development of Smart County Master Plan

Rhea-AI Summary

Iteris, Inc. (NASDAQ: ITI) has secured a $2.5 million contract from the San Bernardino County Transportation Authority to monitor and enhance traffic signal systems across San Bernardino County. This initiative involves the development of a Smart County Master Plan aimed at improving mobility through advanced technology.

The project will leverage Iteris' ClearMobility™ Platform to optimize traffic management and infrastructure. This marks a significant demand for the company's services in a crucial market, emphasizing their commitment to enhancing transportation safety and efficiency in California.

Positive

• Awarded a $2.5 million contract for traffic signal system management and Smart County development.
• Continued demand for Iteris' solutions, indicating strong market positioning.
• Development of a comprehensive Smart County Master Plan covering all 24 cities in San Bernardino County.

Negative

• None.

This multi-year, $2.5 million contract will include a Smart County roadmap for the largest county in the United States

SANTA ANA, Calif.--(BUSINESS WIRE)-- Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been awarded a $2.5 million contract from the San Bernardino County Transportation Authority (SBCTA) to monitor and maintain the San Bernardino Valley Coordinated Traffic Signal System (SBVCTSS) corridors and develop a Smart County Master Plan for all of San Bernardino County. This project represents significant, continued demand for Iteris’ services and solutions in a key geographic market.

Iteris Awarded $2.5 Million by San Bernardino County Transportation Authority for Signal Coordination Support and Development of Smart County Master Plan (Photo: Business Wire)

One component of the project will focus on continuation of Iteris’ SBVCTSS support for jurisdictions in the San Bernardino Valley. This on-call support, a service offering that Iteris has been providing since 2017, may involve training agency staff, managing corridor upgrade implementation, designing improvements, procuring equipment, implementing signal performance measure (SPM) software, and developing coordinated signal timing plans—which could include ClearGuide® Signals (SPM) or ClearAsset® management software for some cities in San Bernardino Valley.

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

Beyond monitoring and maintenance, another major component of the project looks to the future with the development of a Smart County Master Plan for the entirety of San Bernardino County, covering all 24 cities. It could also include several other agencies (e.g., law enforcement, public utilities, school districts). This plan will define and evaluate a broad spectrum of technology to serve as a roadmap—outlining the planning, development, and implementation necessary for a Smart County strategy.

While Smart City Master Plans and subsequent implementation of smart technologies have been done for several other cities, this is the first Smart County Master Plan of this magnitude—covering the entirety of the largest county in the U.S.

“A Smart County project of this size will go a long way in making mobility safer, more efficient, and more sustainable in California. We applaud the forward thinking and commitment to an initiative that will serve the community for decades to come, which is why we are honored to be working with the San Bernardino County Transportation Authority and the San Bernardino Council of Governments (SBCOG) on it.” says Scott Carlson, general manager and vice president, Mobility Professional Services at Iteris. “This new contract also demonstrates the value of Iteris’ smart mobility solutions and management leading to increasing demand for our solutions-focused offering.”

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," “feels,” "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 awarded contract and capabilities and benefits of our services and solutions. 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 in a cost-efficient manner; government funding and budgetary delays, issues and timing; 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/20230330005176/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.

FAQ

What is the value of the contract awarded to Iteris by the San Bernardino County Transportation Authority?

The contract is valued at $2.5 million.

What will Iteris do under the Smart County project in San Bernardino?

Iteris will monitor and maintain traffic signal systems and develop a Smart County Master Plan.

How long has Iteris been providing support for the San Bernardino Valley traffic signal system?

Iteris has been providing support since 2017.

What technology will Iteris use for the Smart County project?

Iteris will utilize its ClearMobility™ Platform for traffic management and infrastructure optimization.

What is the significance of the Smart County Master Plan for Iteris?

It's the first of its kind covering the entire largest county in the U.S., indicating a major business opportunity.