Iteris Selected to Support IIJA-Funded Northwestern Illinois Region Safety Evaluation Project
Iteris (NASDAQ: ITI) has been selected to support a safety evaluation project in Northwestern Illinois, focusing on traffic safety enhancement in Stephenson County and the Blackhawk Hills Regional Council region. As a subconsultant to Kaskaskia Engineering Group, Iteris will provide safety and equity analyses and identify safety improvement measures. Funded by the Safe Streets and Roads for All (SS4A) initiative under the Infrastructure Investment and Jobs Act (IIJA), this project aims to address safety challenges and support crash reduction goals. The initiative also prioritizes the needs of historically disadvantaged communities. The USDOT is expected to allocate $5 billion in SS4A grants over five years.
- Iteris has been selected for a significant safety evaluation project in Northwestern Illinois, enhancing the company's project portfolio.
- The project is backed by the substantial funding of the federal SS4A initiative, part of IIJA, providing financial stability.
- Illinois is identified as a strategic growth market for Iteris, potentially leading to more business opportunities in the region.
- The focus on disadvantaged communities aligns with social equity goals, improving brand reputation and community relations.
- The project's success heavily relies on federal funding and government support, which can be unpredictable.
- Competition in the traffic safety and infrastructure sector may lead to potential challenges in securing future projects.
- Dependence on subconsultancy roles might limit Iteris' control over project outcomes and profitability.
Iteris' expertise will help identify traffic safety issues and develop solutions to enhance the safety of the region's roads
Iteris is subconsultant to Kaskaskia Engineering Group, a trusted local full-service civil engineering, environmental, and contracting firm. Iteris will be an active part of their team, providing a safety analysis, equity analysis, and an identification of safety improvement countermeasures for the rural six-county area in
This project is funded by the Safe Streets and Roads for All (SS4A) initiative, an important federal safety grant program under the Infrastructure Investment and Jobs Act (IIJA), which supports local and regional initiatives to prevent death and serious injury on roads and streets. Through this program, the USDOT is expected to award a total of
“We’re honored to partner with Kaskaskia Engineering Group in order to help the Blackhawk Hills Regional Council and the communities they serve,” said Cliff Heise, regional vice president, mobility professional services at Iteris. “In addition to
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility® Platform, our AI-powered 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," “feels,” "anticipates," "expects," "intends," “outlooks,” “targets,” "plans," "seeks," "estimates," "may," “would,” “could,” “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 benefits and impacts of our mobility professional 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 our services in a cost-efficient manner; government funding and budgetary delays, issues, and timing; adverse impacts related to project scheduling delays and project cancellations; and adverse impacts 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).
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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: todd@mkrir.com
Source: Iteris, Inc.
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