San Francisco Bay Area Metropolitan Transportation Commission Awards Iteris $6.9 Million Operational Services Contract
Iteris (NASDAQ: ITI) has secured a $6.9 million contract from the Metropolitan Transportation Commission (MTC) for operational services at two Bay Area operations centers. This three-year agreement includes options for an additional four years and focuses on staffing and management for the 511 Operations Center in Oakland and the Regional Operations Center in San Francisco. The centers aim to enhance traffic information dissemination and congestion management, supporting over 63 million interactions through Iteris's ClearMobility™ Platform in the past year.
- Secured a $6.9 million contract from MTC to enhance operational services.
- The agreement includes options for an additional four years, indicating long-term business potential.
- Iteris has been managing MTC services since 2015, showcasing a strong ongoing partnership.
- None.
SANTA ANA, Calif.--(BUSINESS WIRE)--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that the Metropolitan Transportation Commission (MTC) has awarded Iteris a
Under the terms of the three-year agreement, which includes an option to extend for an additional four years, Iteris will provide staffing and management services to the 511 Operations Center in Oakland, California that is responsible for collecting, curating and disseminating traffic and transit information for the nine-county Bay Area region. The 511 Operations Center staff disseminate transportation information through the 511 SF Bay traveler information system, of which the 511 Phone System and Transit Data System have been managed by Iteris since 2015. In addition, Iteris will also provide staffing and management services to the Regional Operations Center in San Francisco, California to monitor traffic and toll collection systems along the MTC-operated Express Lanes, and help maximize mobility through congestion management and coordinated incident response.
“MTC is committed to using technology to make the San Francisco Bay Area transportation network safer, more efficient and easier to navigate for our region’s travelers,” said Andrew Fremier, deputy executive director at MTC. “We look forward to continue working with Iteris to ensure that San Francisco Bay Area travelers and public transit riders, as well as emergency responders have accurate, real-time travel information around the clock via the 511 SF Bay traveler information system.”
“Iteris is proud that MTC has relied on Iteris to deliver key services of the San Francisco Bay Area’s 511 traveler information system since 2015, and we are excited to expand our role to include staffing and management services for two critical operations centers in the region,” said Ramin Massoumi, senior vice president and general manager, Transportation Systems at Iteris. “We are committed to ensuring that the San Francisco Bay Area’s travelers and public transit riders, as well as emergency responders, have access to accurate, real-time travel information to improve safety and efficiency throughout the region.”
Iteris provides multimodal traveler information services for 11 state and regional transportation agencies across the U.S. as part of the ClearMobility™ Platform, supporting over 63 million combined interactions and 7.1 million individual interactive voice response phone calls in the past year alone.
About the ClearMobility Platform
The ClearMobility Platform is 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.
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 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 successfully deliver our services timely and 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; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; 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).
