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ITIC Investors Title Company

187.34
1.29 (0.69%)
Last Updated: 15:07:09
Delayed by 15 minutes
Share Name Share Symbol Market Type
Investors Title Company NASDAQ:ITIC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.29 0.69% 187.34 187.10 190.00 188.00 187.20 187.20 1,379 15:07:09

Iteris Awarded $19 Million Contract to Continue Training DOTs Nationwide on Safer, More Efficient and Smarter Transportation

01/03/2016 1:30pm

Business Wire


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- New Five Year Contract Significantly Expands Iteris’ Training Program with the Federal Highway Administration and the National Highway Institute -

Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, was awarded a new $19 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the Federal Highway Administration (FHWA) for training departments of transportation technical staff on sustainable transportation planning and environment programs. This new contract expands the topics to include economic analysis and smart land use, as well as environment programs that promote safer and more efficient mobility.

Since 2001, Iteris has been an agency of record, providing training programs for the Federal Highway Administration (FHWA) and the National Highway Institute (NHI), both sub-divisions of the DOT. With this new contract, Iteris will continue to deliver these programs through its highly regarded subject matter experts and hands-on instruction, through 2021. The courses are designed for state and local departments of transportation and will focus on several of the most pressing technical matters, including freight and goods movement, multimodal and active transportation, congestion management, improved safety, higher efficiency environmental conservation, and smart growth.

“Iteris’ team of certified instructors are highly regarded in the field of transportation and this new award is testament to their knowledge and forward-thinking,” said Ramin Massoumi, senior vice president and general manager of Iteris, Transportation Systems. “Our team of experts are advising DOTs on the most important topics in transportation and helping cities and states to design and deploy sustainable systems on the path to smart cities.”

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, healthier and productive. Visit www.iteris.com for more information.

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 success, impact, and benefits of the awarded contract and the training 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 training programs; government funding and budgetary issues, and potential related scheduling and funding delays; the impact of training on technical matters; impact of influences and variances of general economic, political, environment, and other conditions; 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).

IterisTom Roberts, 949-270-9572tlr@iteris.com

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