Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced the Metropolitan Transportation Commission (MTC) has awarded Iteris a $5.4 million contract extension to continue its use of Iterisâ next-generation traveler information services solution to power the San Francisco Bay Area's 511 traveler information system.
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Iteris Awarded $5.4 Million Contract Extension by San Francisco Bay Area Metropolitan Transportation Commission (Photo: Business Wire)
Iteris has been providing key services of the 511 SF Bay traveler information system to the MTC since 2015 and the new contract extension will continue this partnership a further two years. Under the terms of the contract extension with the MTC, Iteris will continue to operate and maintain the 511 SF Bay interactive voice response (IVR) system, and provide regional transit data integration, software support and technical services for the MTCâs 511 Operations Center. These efforts will ensure continued innovation and longevity, while preserving the functionality and features that the MTC and 511 SF Bay travelers depend on.
"Iteris is excited to extend our partnership with the San Francisco Bay Area MTC by continuing to operate key services of the regionâs 511 traveler information system,â said Scott Carlson, vice president and assistant general manager, Transportation Systems at Iteris. "We are committed to ensuring the San Francisco Bay Area travelers and public transit riders, who make 1.5 million daily trips, are able to access accurate, real-time travel information that improves their mobility across the nine-county region.â
Iteris provides multimodal traveler information services for 11 state and regional transportation agencies across the U.S. as part of the ClearMobility⢠Platform, supporting over 63 million combined interactions and 7.1 million individual IVR phone calls in the past year alone.
About the ClearMobility Platform
The ClearMobility Platform is the worldâs most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management â the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. 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," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "should,â "will,â "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 ClearRoute traveler information 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 provide our services in a cost-efficient manner; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; 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 SECâs website (www.sec.gov).
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