Iteris Selected by City of Fremont for Smart Mobility and Safety Initiative

Rhea-AI Summary

Iteris has secured a $940,000 contract with the City of Fremont to enhance traffic flow and safety along a 10-mile section of Fremont Boulevard. The Fremont Boulevard Safe and Smart Corridor project will implement advanced detection systems and a SaaS solution to improve traffic management. This initiative highlights the growing demand for Iteris’ smart mobility technologies in Northern California, contributing towards improved safety for all road users and reduced emissions.

Positive

• Secured a $940,000 contract with the City of Fremont.
• Project focuses on traffic safety and efficiency, enhancing demand for smart mobility technologies.
• Deployment of advanced detection systems expected to improve traffic flow and reduce emissions.

Negative

• None.

Multi-year Project Will Implement Advanced Detection Systems, SaaS Solution and Detection Optimization Service to Improve Traffic Flow and Safety, and Reduce Emissions Across the Northern California City

• The Fremont Boulevard Safe and Smart Corridor project aims to “creatively use technology to move traffic efficiently along the corridor at a safe speed, ensure safe pedestrian and bicycle movement, [and] improve management of the traffic signal [systems]”.
• Iteris’ video and radar detection systems, traffic analytics software-as-a-service solution, and detection optimization service will be deployed along 10-mile section of Fremont Boulevard.
• Initiative represents continued demand for Iteris’ smart mobility infrastructure management technologies and expertise in a key geographic market.

SANTA ANA, Calif.--(BUSINESS WIRE)-- Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $940,000 contract by the City of Fremont to provide a comprehensive smart mobility and safety solution as part of the Fremont Boulevard Safe and Smart Corridor project, representing continued demand for Iteris’ advanced detection systems, software-as-a-service (SaaS) solutions and services in northern California, a key geographic market.

Iteris Selected by City of Fremont for Smart Mobility and Safety Initiative (Photo: Business Wire)

Under the terms of the contract, Iteris will upgrade key intersections and arterials along a 10-mile section of Fremont Boulevard with hybrid video and radar detection systems to support the city’s vision of using smart mobility technologies to “move traffic efficiently along the corridor at a safe speed, ensure safe pedestrian and bicycle movement, [and] improve management of the traffic signal [systems]”.

Fremont Boulevard is one of the city’s most well-traveled corridors and, as revealed in the 2015 Fremont Vision Zero Status Report and Action Plan, is a safety priority street, with 50% of the city’s fatalities occurring on segments of the corridor.

With Iteris’ Vantage Vector® hybrid video and radar detection systems, the City of Fremont will be able to differentiate between vehicles, bicyclists and pedestrians to improve traffic flow and safety for all road users, while saving money.

In addition to its ability to differentiate between vehicles, bicyclists and pedestrians for rich data and insights on trends in traffic volumes and modes of transportation, the Vantage Vector system has high-precision radar sensing technology that enables dilemma zone and red-light running safety applications. Vantage Vector’s advanced dilemma zone and red-light running detection capabilities help to reduce the risks of rear-end and right-angle collisions by either extending a signal phase to give drivers more time to react or enabling an all-red phase, pausing traffic until the intersection is cleared.

Under the multi-year contract, Iteris will also deploy its VantageLive!® SaaS solution to provide intersection analytics for vehicles, bicyclists and pedestrians, as well as its VantageCare™ detection system optimization service to enable the continuous monitoring and optimization of detection system performance. As part of the VantageCare service, Iteris will provide quarterly reports summarizing the health of detection systems and bi-annual trend reports with suggestions on optimizing traffic signal timing.

This combination of smart mobility solutions will enable the city to adjust traffic signal timing to accommodate slower-moving road users, and minimize congestion and delays. The reduced congestion, as well as the ability to reduce the risk of collisions at the intersection, will help to improve safety, while also improving air quality through reductions in carbon emissions.

Iteris’ advanced detection systems, SaaS solutions and 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.

“We are pleased to be working with Iteris to upgrade our smart mobility infrastructure by implementing state-of-the-art detection systems along Fremont Boulevard, as part of the Fremont Boulevard Safe and Smart Corridor project,” said Eric Hu, principal transportation engineer at the City of Fremont. “By using Iteris’ detection technologies, traffic analytics software and detection system optimization services, we are providing road users throughout the city with improved safety and increased mobility at the intersection, while improving air quality by reducing emissions.”

“We are thrilled to support the City of Fremont’s goal of improving safety and mobility for drivers, cyclists and pedestrians, while maximizing efficiency and improving air quality along this critical corridor,” said Brian Girardot, regional vice president, sales at Iteris. “This new contract, which is testament to the spirit of innovation at the City of Fremont, demonstrates increasing demand for Iteris’ leading solutions for the smart mobility infrastructure management market and underscores the city’s commitment to a technology framework that will serve its communities for decades to come.”

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 awarded contract and capabilities, benefits and impacts of our Vantage solutions 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 successfully deliver services in a cost-effective manner; government funding and budgetary issues and delays; impact of influences and variances of general economic, political, environment, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. 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/20211012005420/en/

Media 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 is the Fremont Boulevard Safe and Smart Corridor project?

It is a project initiated by Iteris involving advanced detection systems to enhance traffic flow and safety along Fremont Boulevard.

How much was the contract awarded to Iteris by the City of Fremont?

The contract awarded to Iteris by the City of Fremont is worth $940,000.

What technologies will Iteris deploy for the Fremont project?

Iteris will deploy video and radar detection systems, along with a SaaS solution for traffic analytics.

What are the expected benefits of the project for the City of Fremont?

The project aims to improve traffic safety, ensure efficient movement of pedestrians and cyclists, and reduce emissions.

What does the contract signify for Iteris and its market presence?

The contract underscores increasing demand for Iteris' smart mobility technologies in Northern California.