Iteris Awarded $1.2 Million Texas DOT IDIQ Deal for Good Mobility and Targeted traffic Engineering Solutions

New Three-calendar year Agreement Expands the Company’s Marketplace Penetration in Texas

• Settlement is the fourth important contract awarded to Iteris by TxDOT in the past three years
  

• Timing advancements will be built at critical intersections during the Houston district, just one of the country’s most significant metropolitan areas, with above 1,000 signalized intersections
  

• Offer accelerates Iteris’ geographic growth in a single of the “major and most progressive” national transportation marketplaces

Iteris, Inc. (NASDAQ: ITI), the world wide leader in clever mobility infrastructure management, nowadays announced that it has been awarded a 3-year indefinite shipping and delivery/indefinite quantity (IDIQ) agreement by the Texas Department of Transportation (TxDOT), with a probable price of up to $1.2 million, representing continued demand from customers for Iteris’ specialised consulting services in a essential geographic sector.

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Iteris Awarded $1.2 Million Texas DOT IDIQ Agreement for Intelligent Mobility and Website traffic Engineering Products and services (Image: Business enterprise Wire)

The 3-12 months software consists of visitors signal timing advancements at crucial intersections all through the Houston district, a person of the country’s most significant metropolitan regions, which properties in excess of 1,000 signalized intersections.

“We are very pleased to be selected once again by TxDOT to support crucial infrastructure projects in the condition of Texas, one particular of the largest and most progressive transportation marketplaces in the U.S.,” explained Scott Carlson, regional vice president, Transportation Techniques at Iteris. “Texas is a critical strategic marketplace for Iteris and, with this getting the fourth TxDOT IDIQ awarded to Iteris in the previous three a long time, we hope to more broaden our share of specialised consulting, managed expert services and software-as-a-provider income in the point out.”

With this deal, which was awarded in December 2020, Iteris expands its existing website traffic engineering and smart mobility do the job to another TxDOT district, for a whole likely TxDOT backlog of over $9.3 million from six IDIQ contracts awarded over the previous five many years.

Tale continues

In Could 2019, Iteris was awarded an IDIQ contract from TxDOT for targeted visitors signal timing, website traffic sign operations and sign conversation examination in the Austin district. That deal was a three-calendar year determination with a prospective worth of up to $2 million.

In June 2020, Iteris was awarded a $1 million agreement by the City of Spherical Rock to offer mobility intelligence answers and video detection technological know-how updates during the Texas metropolis.

About Iteris, Inc.

Iteris is the world wide chief in wise mobility infrastructure administration – the foundation for a new period of mobility. We apply cloud computing, synthetic intelligence, state-of-the-art sensors, advisory solutions and managed expert services to attain risk-free, effective and sustainable mobility. Our stop-to-finish remedies keep an eye on, visualize and enhance mobility infrastructure around the globe to support make sure that streets are harmless, travel is efficient, and communities thrive. Visit www.iteris.com for additional details and join the dialogue on Twitter, LinkedIn and Fb.

Iteris Ahead-Looking Statements

This release could comprise forward-looking statements, which talk only as of the day hereof and are dependent on our recent expectations and the facts accessible to us at this time. Phrases these types of as “believes,” “feels,” “anticipates,” “expects,” “intends,” “ideas,” “seeks,” “estimates,” “may,” “need to,” “will,” “can,” and variations of these text or comparable expressions are intended to identify forward-looking statements. These statements include, but are not minimal to, statements about the achievements, impression, and benefits of the awarded contract. These statements are not ensures of long term general performance and are issue to particular threats, uncertainties, and assumptions that are complicated to forecast, and real benefits could vary materially and adversely from those people expressed in any ahead-on the lookout statements as a end result of numerous components.

Vital aspects that may lead to such a distinction incorporate, but are not confined to, our skill to correctly carry out the providers on a price-efficient basis government funding and budgetary delays, constraints and challenges adverse impacts relevant to performance timing and cancellation of an awarded agreement adverse impacts of common economic, political, and other conditions in the markets we address and the likely impression of products and service choices from rivals. Additional info on Iteris, Inc., together with additional danger aspects that may possibly influence our forward-seeking statements, is contained in our Annual Report on Type 10-K, our Quarterly Reviews on Sort 10-Q, our Present-day Reports on Variety 8-K, and our other SEC filings that are out there by means of the SEC’s web site (www.sec.gov).

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Contacts

Iteris Make contact with
David Sadeghi
Tel: (949) 270-9523
E-mail: [email protected]

Trader Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
Email: [email protected]