Experience in infrastructure and technology
will enhance the company’s strategic planning and capital
allocation
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced that Gary Hall, partner and president of infrastructure
& public finance for Siebert Williams Shank & Company, and
Kimberly Valentine-Poska, managing director at Global Capital
Markets, Inc., have been appointed to its board of directors.
Mr. Hall has an extensive background in infrastructure, public
finance and regulatory work and is currently a partner and
president of infrastructure & public finance for Siebert
Williams Shank & Company, the nation’s largest minority-owned
investment bank. Mr. Hall is also a partner in a public
infrastructure private equity firm (American Triple I Partners),
which focuses on transportation, energy, knowledge and information
systems, and smart city investments.
Previously, Mr. Hall worked in the Mergers & Acquisitions
Group of Bank One Capital Markets (JP Morgan), where he gained
extensive experience serving as an advisor to middle-market
companies executing strategic transactions. Prior to this, Mr. Hall
served as a special advisor to the Under Secretary of the Treasury
for Domestic Finance within the U.S. Department of Treasury. He
also practiced law as a corporate finance attorney.
Mr. Hall earned a bachelor’s degree in finance from Howard
University and a J.D. from the University of Notre Dame.
Ms. Valentine-Poska has a 30 year career of success in
investment banking, helping clients across multiple industry
verticals to successfully negotiate and close complex domestic and
international transactions. She currently works as Managing
Director for Global Capital Markets, a global middle-market
investment bank where the focus includes middle-market technology
transactions.
Earlier in her career, she was elected as the first female
partner in the National Corporate Finance Practice at Deloitte, an
international professional services firm and the largest public
accounting firm in the United States. While at Deloitte, Ms.
Valentine-Poska advised technology, software, and real estate
companies with mergers and acquisitions, IPOs, and debt and equity
financings.
Ms. Valentine-Poska earned a bachelor’s degree in finance and
business economics from the University of Southern California and
an MBA from Harvard Business School. In addition to Iteris, Ms.
Valentine-Poska serves as an independent director on the board of
Empire Valuation Consultants, Inc., a New York-based independent
valuation firm.
“The appointments of Gary and Kimberly add significant
experience in infrastructure, technology, strategic transactions
and capital allocation to our board of directors,” said Tom Thomas,
chairman of the board for Iteris. “Gary’s successful track record
in transportation, sustainability and smart cities should be
invaluable as we continue to evolve Iteris’ ClearMobility®
Platform, while Kimberly’s experience in technology mergers and
acquisitions and strategic transactions broadens and deepens our
board in these important areas.”
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,"
“outlooks,” “target,” "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 future growth and development. Such statements are not
guarantees of future performance and are subject to 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 reliance on managing Board continuity and
effectiveness by integrating and retaining independent directors,
like Mr. Hall and Ms. Valentine-Poska; our ability to provide the
services and deliverables on a cost-effective basis; government
funding and budgetary issues, and potential impacts related to
funding delays; changes in scheduling and/or requirements related
to projects; availability of resources, such as components and
equipment necessary to perform the work for the project; the impact
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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version on businesswire.com: https://www.businesswire.com/news/home/20230718247403/en/
Media Contact Breanna Wallace Tel: (949) 996-5348 Email:
brwallace@iteris.com
Investor Relations MKR Investor Relations, Inc. Todd
Kehrli Tel: (213) 277-5550 Email: iti@mkr-group.com
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