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ITI Iteris Incorporated New

4.67
0.02 (0.43%)
After Hours
Last Updated: 21:02:01
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Share Name Share Symbol Market Type
Iteris Incorporated New NASDAQ:ITI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.43% 4.67 4.62 5.14 4.6896 4.63 4.64 28,634 21:02:01

Iteris to Enhance 511 Road Management System for State of South Dakota

21/03/2024 12:30pm

Business Wire


Iteris (NASDAQ:ITI)
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Enhanced system features to improve safety and mobility for the traveling public

Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced the South Dakota Department of Transportation (SDDOT) awarded Iteris a one-year contract to introduce new features to its 511 traveler information system and to continue operation and maintenance services for the statewide system.

SDDOT 511, which is powered by Iteris’ advanced traveler information system, ClearRoute®, delivers contextual, real-time, actionable information to the traveling public and transportation professionals throughout South Dakota. This new contract will fund two new enhancements: (1) county and tribe road closure and travel advisory enhancements and (2) automation of state highway network map updates. Additionally, under the terms of this latest award, Iteris will continue to provide operation and maintenance of the roadway management system (RMS) itself, the SD511 website, the SD511 mobile applications for iOS and Android, and the interactive voice response telephone number.

“We are proud to continue to be South Dakota’s trusted provider of the SD511 roadway management system,” said Dr. Moe Zarean, general manager of mobility operations services at Iteris. “The 511 service is paramount to efficiency and road safety in South Dakota, especially during winter weather, and Iteris is proud to help the travelling public safely plan their travel across and throughout the state.”

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," "plans," "seeks," "estimates," "may," “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 capabilities and benefits of our 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 deliver our services timely and in a cost-efficient manner; government funding and budgetary issues and delays; impact of influences and variances of general economic, political, environment, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and other competitive pressures. 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).

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

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