Iteris Selected to Support Development of Connected Vehicle Data Exchange Platform for Florida Department of Transportation

Rhea-AI Summary

Iteris has been chosen by the Florida Department of Transportation (FDOT) for a four-year project to develop a connected vehicle data exchange platform. This initiative aims to improve real-time travel information dissemination to the public and various stakeholders while enhancing the state's readiness for connected and automated vehicle technologies. The project, among the first of its kind in the U.S., will facilitate the collection and analysis of data from multiple vehicle and infrastructure sources to optimize road safety and efficiency.

Positive

• Selected to develop a connected vehicle data exchange platform for FDOT, a key state agency.
• The four-year contract signifies an expansion of Iteris' consulting services in Florida.
• The project aligns with national advancements in connected and automated vehicle technologies.

Negative

• None.

Initiative Demonstrates Iteris’ Continuous Role as Trusted Advisor to FDOT and Public Transportation Agencies Nationwide

• Statewide program will enable FDOT to communicate critical travel information to the traveling public, state and local government entities, private-sector partners, and other stakeholders.
  
  
• Initiative leverages Iteris’ expertise to prepare cities and states for advancements in connected and automated vehicle technology.
  
  
• Four-year deal marks further expansion of Iteris’ specialized consulting services in Florida, 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 selected by the Florida Department of Transportation (FDOT) as part of the Southwest Research Institute (SwRI) team to develop a connected vehicle data exchange platform, representing the further expansion of Iteris’ specialized consulting services in Florida, a key geographic market.

Iteris Selected to Support Development of Connected Vehicle Data Exchange Platform for Florida Department of Transportation (Graphic: Business Wire)

The data exchange platform will enable FDOT to analyze real-time road conditions and communicate critical travel information to the traveling public, state and local government entities, private-sector partners, and other stakeholders.

The FDOT project is among the first in the United States to develop a vehicle-to-everything (V2X) data exchange, capturing data from thousands of devices across connected and automated vehicle (CAV) and smart mobility infrastructure networks. A key objective of the project is to standardize the collection, analysis and sharing of data from several proprietary systems, which have different coding and encryption methodologies, and to make additional considerations for privacy and safety.

“The primary goal of this technology is to save lives and move people more efficiently on roadways by sharing real-time driving conditions,” said Michael A. Brown, a SwRI Intelligent Systems Division engineer overseeing the project. “This data exchange will lay the foundation for FDOT to send alerts to drivers and traffic managers to coordinate routing, road closures and emergency response.”

The exchange will capture anonymous data both from standardized onboard units communicating directly with FDOT-owned roadside units and from the proprietary data feeds of various car manufacturers. This connected vehicle data will be fused with a breadth of other data both from FDOT-owned infrastructure and third-party data feeds. This stream of enriched data will be the basis for real-time and historic analysis, leveraging a combination of machine learning and traditional algorithms.

“We are thrilled to join the team responsible for developing this vital V2X data sharing program for FDOT, which will improve safety, mobility and sustainability statewide,” said Anita Vandervalk, vice president, strategic business development at Iteris. “The V2X data exchange will enable FDOT to communicate critical travel information to the traveling public, state and local government entities, private-sector partners, and other stakeholders.”

In addition to Iteris, participants in the FDOT program include Ford Mobility, which will supply V2X data from its connected vehicle platform; Florida International University; Amazon Web Services; Google; and several OEMs, and logistics and fleet companies.

This project is in line with several CAV and V2X deployments Iteris is working on across the U.S. – including oversight of pilot deployments, smart work zones, advanced pedestrian detection and automated commercial vehicle inspections. Iteris also led the development and evolution of the U.S. ITS architecture reference for over three decades, initiating the Connected Vehicle Reference Implementation Architecture in 2012 and continuing to support the evolution of the combined ARC-IT for the US Department of Transportation’s Federal Highway Administration.

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 success, impact, and benefits of being selected as part of the team and the project. 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/20220106005189/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 the connected vehicle data exchange platform developed by Iteris for FDOT?

The platform aims to provide real-time travel information to the public and stakeholders while enhancing road safety and efficiency.

How long is the contract between Iteris and FDOT for the connected vehicle project?

The contract spans four years.

What technologies does the connected vehicle data exchange platform utilize?

The platform will capture data from connected and automated vehicle sources, incorporating machine learning and traditional algorithms.

Which other companies are collaborating on the FDOT connected vehicle project?

Collaborators include Ford Mobility, Florida International University, Amazon Web Services, and Google.

What is the significance of the connected vehicle data exchange project for the U.S.?

It's one of the first projects in the U.S. to standardize data collection and sharing from various connected vehicle systems.