Iteris among Select Group to Open University of Michigan Mcity Testing Facility for Connected and Driverless Vehicles
By Business Wire News
By Business Wire News
SANTA ANA, Calif.
Iteris, Inc. (NYSE MKT: ITI), a leader in providing information solutions to the transportation and agriculture markets, is participating in the grand opening of Mcity, the University of Michigan’s (U-M) 32 acre testing facility for connected and driverless vehicle technologies. Iteris has been a key part of many initiatives intended to advance connected vehicle technologies including developing the U.S. DOT’s Connected Vehicle Reference Implementation Architecture.
At the grand opening, Iteris is featuring several currently deployed technologies including multi-sensor detection systems, travel time measurement system, and a transportation management center for data analytics, viewing and measuring the performance and safe existence of driverless vehicles, bicycles and pedestrians in the Mcity environment. The Iteris systems will remain in Mcity for continued collaborative studies of the interdisciplinary group.
“Our goal is to keep everything connected and communicating within the transportation network,” stated Ramin Massoumi, senior vice president and general manager, Transportation Systems at Iteris. “This testing environment should accelerate the connected vehicle technology, complementing and advancing our work with the connected vehicle infrastructure architecture definitions. In the end, efficient movement of goods and people, with zero accidents is the goal. This environment provides a great opportunity to test a variety of technologies.”
Todd Kreter, senior vice president and general manager, Roadways Sensors at Iteris, added: “The systems we have in Mcity are currently used on roadways worldwide. The sensors detect movement of both vehicles and bicycles, and communicate with the traffic controllers to safely improve traffic flow. Efficiency and safety are always our focus, and the newer technologies we are validating hold significant promise for the future of connected vehicles.”
Mcity, located in Ann Arbor at U-M’s North Campus, is celebrating its grand opening this week.
About Iteris, Inc.
Iteris, Inc. (NYSE MKT: ITI) is a leader in providing information solutions to the transportation and agriculture markets. We are focused on providing this information to practitioners in these markets to improve their effectiveness and efficiency. By combining our expertise, unique IP, and information infrastructure in a suite of products and services, Iteris offers a broad range of solutions to both domestic and international customers. The firm is headquartered in Santa Ana, California, with offices throughout the U.S. and in select locations internationally. For more information, please visit www.iteris.com or call 1-888-329-4483. Also visit us on LinkedIn, Facebook, Twitter, and YouTube.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
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,” “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 anticipated collaboration with Mcity. 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 impact the Mcity research programs and adapt such programs for future deployments on a timely basis or at all; challenges in the analysis, development, roll-out of such programs, and market acceptance of such programs, the potential impact of product and service offerings from competitors and other competitive pressures; the availability and timing of government funding for ITS projects; the broad adoption of technology based mobility solutions; and the impact 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 (www.sec.gov).
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