ITI Iteris

Iteris Selected to Provide Bus Signal Priority System for City of Gardena

. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced that it has been awarded $707,000 from the City of Gardena to provide design services as part of the bus signal priority (BSP) project for () bus Line 2, representing the continued expansion of Iteris’ BSP leadership in southern California.

This press release features multimedia. View the full release here:

Iteris Selected to Provide Bus Signal Priority System for City of Gardena (Photo: Business Wire)

Iteris Selected to Provide Bus Signal Priority System for City of Gardena (Photo: Business Wire)

Under the terms of the one-year agreement, Iteris will provide design services, procurement, testing and oversight, as well as construction support to enable operations on the new BSP system at major signalized intersections in compliance with the Los Angeles County Metropolitan Transportation Authority’s Countywide Signal Priority program. Task orders for three years of operation and maintenance services are pending, and include the option for two additional years of O&M.

This is Iteris’ seventh BSP project in southern California, bringing total deployments of Iteris’ BSP connected bus solutions to over 500 intersections in the region.

“Improving safety and efficiency for all modes of transportation is a priority for Iteris and the cities and state agencies with which we work throughout the U.S.,” said Scott Carlson, vice president and assistant general manager, Transportation Systems at Iteris. “This new initiative with the City of Gardena is further testament to the effectiveness of our vehicle-to-infrastructure approach, which is designed to mitigate traffic congestion throughout southern California and across the nation.”

Deployment of the BSP system is anticipated to be completed within nine months. The BSP system will leverage on-bus systems that incorporate GPS-based automatic vehicle location equipment, wireless communications and advanced intersection traffic controller technologies.

GTrans serves nearly 3 million riders annually across five lines. The GTrans service area encompasses 40 square miles.

Work on the project, which builds on transit signal priority (TSP) system services deployed to other transit agencies in LA County, is expected to begin immediately.

Iteris’ TSP system services are used by some of the largest transit agencies across the country, including the , , the and the City of Pasadena.

About Iteris, Inc.

Iteris is the global leader in applied informatics for transportation and agriculture, turning big data into big breakthrough solutions. We collect, aggregate and analyze data on traffic, roads, weather, water, soil and crops to generate precise informatics that lead to safer transportation and smarter farming. Municipalities, government agencies, crop science companies, farmers and agronomists around the world use our solutions to make roads safer and travel more efficient, as well as farmlands more sustainable, healthy and productive. Visit for more information and join the conversation on , and .

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," “feels,” “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 the awarded contract. 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 each project and contract on a cost-effective basis; government funding and budgetary delays, constraints and issues; 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 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 ().

EN
19/12/2019

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