Iteris Selected by Illinois Department of Transportation for Traffic Signal Coordination and Timing Initiatives

Rhea-AI Summary

Iteris, Inc. has been awarded a three-year contract by the Illinois Department of Transportation (IDOT) for traffic signal synchronization projects across four districts in Central and Southern Illinois. This initiative aims to enhance traffic flow, improve safety, and reduce CO2 emissions by optimizing traffic signal operations. The project addresses operational issues and responds to user complaints while supporting IDOT's state goals for reducing travel time and greenhouse gas emissions. This contract demonstrates ongoing demand for Iteris' specialized consulting services in a key market.

Positive

• Awarded a three-year contract by IDOT to improve traffic signal synchronization.
• Supports IDOT's goals for reducing travel time and greenhouse gas emissions.
• Demonstrates continued demand for Iteris' consulting services in a significant market.

Negative

• None.

Three-year Initiative will Improve Traffic Flow and Safety, and Reduce Carbon Emissions Across Four IDOT Districts in Central and Southern Illinois

• Initiative leverages Iteris’ traffic signal operations expertise to support region’s goal of improving safety and mobility for all road users, across key signalized intersections in IDOT Districts Six through Nine.
  
  
• Regional traffic signal coordination and timing project supports IDOT’s goals to significantly reduce statewide travel time, fuel consumption and greenhouse gas emissions.
  
  
• Program represents continued demand for Iteris’ specialized consulting services in a key geographic market.

GENEVA, Ill.--(BUSINESS WIRE)-- Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been selected by the Illinois Department of Transportation (IDOT) Districts Six through Nine for various traffic signal synchronization projects, representing continued demand for Iteris’ specialized consulting services in a key geographic market.

Iteris Selected by Illinois Department of Transportation for Traffic Signal Coordination and Timing Initiatives (Photo: Business Wire)

Under the terms of the three-year contract, Iteris will develop optimized traffic signal coordination and timing plans at heavily travelled corridors in Central and Southern Illinois, and respond in the field to traffic signal and system operational issues, complaints, and other needs on short notice. The primary goal is to improve traffic flow and safety for all road users, including vehicles, buses, bicycles and pedestrians, by providing updated signal timing and signal synchronization along the corridors being analyzed. The signal coordination and timing work will include data collection, data analysis to generate optimal signal operation plans, implementation, and evaluation.

The program supports IDOT’s goals to significantly reduce statewide travel time, fuel consumption and greenhouse gas emissions, while improving safety and mobility, and the overall travel experience for all road users. By reducing delays and stops on key corridors for passenger vehicles and heavy vehicles, the project will help reduce CO2 emissions and fuel consumption, which in turn will contribute to sustainable environmental and air quality improvements.

“We are proud to support IDOT’s goals of improving safety, mobility and sustainability for all road users in the state by embarking on this traffic signal synchronization project,” said Cliff Heise, regional vice president, Mobility Professional Services at Iteris. “This initiative expands on Iteris’ depth in traffic engineering and consulting services in the Midwest, and will maximize the effectiveness of the region’s traffic signal infrastructure, while improving air quality and reducing fuel consumption.”

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 awarded contract 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 provide our services and solutions 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; 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/20220330005098/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 purpose of Iteris' new contract with IDOT?

The contract aims to improve traffic flow and safety while reducing CO2 emissions through optimized traffic signal synchronization.

How long is Iteris' contract with IDOT?

The contract is for three years.

Which IDOT districts will benefit from Iteris' traffic signal project?

The project will benefit IDOT Districts Six through Nine.

What are the expected outcomes of the traffic signal synchronization project?

Expected outcomes include reduced travel time, lower fuel consumption, and improved air quality.

What company is responsible for the traffic signal project in Illinois?

Iteris, Inc. is responsible for the traffic signal synchronization project.