Iteris Selected on Team to Implement Adaptive Traffic Signal Control in the Nation’s Capital
May 4, 2015 | By Business Wire News
SANTA ANA, Calif.
Iteris, Inc. (NYSE MKT: ITI), a leader in providing information solutions to the transportation and agriculture markets, as part of the Daniel Consultants, Inc. (DCI) team, was selected by the District of Columbia Department of Transportation (DDOT), to upgrade and implement an Adaptive Traffic Signal Control system on three major arterials in the Washington, D.C. area. Iteris’ contract value for this work is approximately $714,000 and is expected to commence immediately.
DDOT is building an adaptive signal control system in order to provide more efficient signal operations, and as part of this effort, is implementing extensive traffic detection systems on the three major arterials to monitor traffic flow. A total of over 50 signalized intersections are included as part of the initial system procurement project.
Iteris’ work is expected to include procurement and installation of central hardware and software that upgrades the District’s current central traffic control system with an adaptive control module to enhance the system functionality. Iteris also plans to procure and implement upgrades to existing controllers and test and validate operations involving the upgraded central system, upgraded controllers, and related detection systems being installed along the selected arterial routes.
“We are excited to help bring an adaptive traffic control system to our Nation’s Capital,” said Ramin Massoumi, senior vice president and general manager, Transportation Systems at Iteris. “Iteris continues to be heavily involved in the implementation of adaptive systems throughout the U.S., and we believe Washington, D.C. will benefit from the efficient upgrade of their traffic signal system.”
Iteris was involved in a feasibility study for adaptive control for DDOT in 2011, which identified several options for implementing adaptive signal systems, and recommended the arterial routes and intersections, which are part of the first phase implementation effort.
According to M.G. Habib, the DDOT Project Manager for the adaptive traffic signal system project, the transportation objectives in the District include making key investments in improving traffic operations of the network and reducing the many of hours of congestion that affect the movement of people and goods. The adaptive traffic control system is one of the key elements in improving the transportation system operations.
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 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 our ability to successfully upgrade and implement an Adaptive Traffic Signal Control system on three major arterials in the Washington, D.C. area. 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 specify, develop, complete and roll out the necessary hardware and software updates successfully, with the desired functionality and that meet the requirements of the DDOT; our ability to successfully anticipate the demands and requirements of the DDOT, the timing and successful completion of our deliverables under this contract; the potential unforeseen impact of product and service offerings from competitors, increased competition in certain market segments and other competitive pressures; the impact of federal, state and local government budgetary issues, constraints and delays; the timing and amount of government funds allocated to overall transportation infrastructure projects and the transportation industry; 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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