Iteris Awarded $2 Million Contract by City of Concord for Smart Mobility, Safety and Sustainability Initiative
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a $2 million contract by the City of Concord for a smart mobility, safety and sustainability program representing continued demand for Iteris’ advanced detection systems in northern California, a key geographic market.
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Iteris Awarded $2 Million Contract by City of Concord for Smart Mobility, Safety and Sustainability Initiative (Photo: Business Wire)
Under the terms of the five-year contract, which is extendable for two additional one-year periods, Iteris will upgrade key intersections and arterials in Concord, California with hybrid video and radar detection systems to support the city’s goals of improving traffic flow and safety, and reducing carbon emissions.
With Iteris’ Vantage Vector® hybrid video and radar detection systems, the City of Concord will be able to differentiate between vehicles, bicyclists and pedestrians to improve mobility and safety for all road users, while saving money.
In addition to its ability to differentiate between vehicles, bicyclists and pedestrians for rich data and insights on trends in traffic volumes and modes of transportation, the Vantage Vector system has high-precision radar sensing technology that enables dilemma zone and red-light running safety applications. Vantage Vector’s advanced dilemma zone and red-light running detection capabilities help reduce the risks of rear-end and right-angle collisions by either extending a signal phase to give drivers more time to react or enabling an all-red phase, pausing traffic until the intersection is cleared.
This combination of smart mobility technologies will enable the city to adjust traffic signal timing to accommodate slower-moving road users, and minimize congestion and delays. The reduced congestion, as well as the ability to reduce the risk of collisions at the intersection, will help to improve safety, while also improving air quality through reductions in carbon emissions.
“We are thrilled to support the City of Concord’s goal of improving safety and mobility for drivers, cyclists and pedestrians, while maximizing efficiency and improving air quality along these key signalized intersections,” said Brian Girardot, regional vice president, sales at Iteris. “This new contract, which is testament to the spirit of innovation at the City of Concord, demonstrates increasing demand for Iteris’ leading solutions for the smart mobility infrastructure management market and underscores the city’s commitment to a technology framework that will serve its communities for decades to come.”
Vantage Vector is a key component of the ClearMobility™ Platform – the world’s 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 world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility Platform, our cloud-enabled end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. 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,” “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 awarded contract and capabilities and benefits of our detection systems. 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 and products in a cost-efficient manner; government funding and budgetary delays, issues and timing; challenges in the development of software-based solutions generally; the adverse impacts of general economic, political and other conditions in the markets we address; 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).
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