ITI Iteris

Iteris Selected to Support IIJA-Funded Northwestern Illinois Region Safety Evaluation Project

. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced it has been chosen to support and the in completing a safety analysis of the area’s transportation infrastructure.

Iteris is subconsultant to , 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 Northwestern Illinois. The aim of the project is to comprehensively evaluate safety challenges in the area to identify solutions that can help the region’s crash reduction goals. The project will prioritize the needs of the local disadvantaged communities that historically have not been able to participate in the planning process.

This project is funded by the (SS4A) initiative, an important federal safety grant program under the (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 $5 billion in SS4A grants to state, regional, and local agencies over five years.

“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 Illinois representing a strategic growth market for Iteris, we’re excited about the goals of this project and look forward to helping the region create safer, more equitable transportation infrastructure.”

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 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," “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 ().

EN
18/06/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Iteris

 PRESS RELEASE

Iteris Reports Record Quarterly Revenue of $45.8 Million

AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today reported financial results for its fiscal first quarter ended June 30, 2024. Fiscal 2025 First Quarter Financial Highlights Revenues of $45.8 million, up 5.1% year over year compared to an unusually strong prior year period Net new bookings of $48.8 million, resulting in record trailing six months net new bookings of $102.1 million Record Backlog of $126.8 million as of March 31, 2024, up 2.4% year over year Gross profit of $17.3 million, or 37.9% of revenue, comp...

 PRESS RELEASE

Iteris Chosen by City of Lakeland for Smart Mobility and Safety Initia...

TAMPA, Fla.--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced its selection by the City of Lakeland, Florida to provide smart mobility infrastructure management technologies to support the city’s (iCASP). The project includes the deployment of ®, Iteris’ next-generation video detection system and !®, an easy-to-use, web-based data service that allows users to view activity at their intersections by automatically collecting and analyzing vehicle, bicycle and pedestrian data, removing the need for manual,...

 PRESS RELEASE

Iteris Sets Fiscal First Quarter 2025 Conference Call for Thursday, Au...

AUSTIN, Texas--(BUSINESS WIRE)-- (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it will conduct a conference call on Thursday, August 8th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fiscal first quarter ended June 30, 2024. The financial results will be issued in a press release prior to the call. Iteris president and CEO Joe Bergera and CFO Kerry Shiba will host the call, followed by a question and answer period. Date: Thursday, August 8, 2024 Time: 4:30 p.m. Easter...

 PRESS RELEASE

Iteris Receives $3.75 Million Contract from San Francisco Bay Area Met...

OAKLAND, Calif.--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced the (MTC) has awarded Iteris a $3.75 million contract for ongoing operational support in the San Francisco Bay Area. This press release features multimedia. View the full release here: Iteris Receives $3.75 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission (Photo: Business Wire) Iteris has been providing telephone system since 2016 and this new contract for the 511 SF Bay Interactive Voice Response (IVR) ...

 PRESS RELEASE

Iteris Awarded $2 Million Texas DOT IDIQ Contract for Smart Mobility a...

AUSTIN, Texas--(BUSINESS WIRE)-- . (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2 million by the (TxDOT). This press release features multimedia. View the full release here: Iteris announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2 million by the Texas Department of Transportation (TxDOT). (Photo: Business Wire) Under the terms of...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch