Iteris Awarded Contracts Totaling Over $2 Million from the Federal Highway Administration
February 27 2024 - 7:30AM
Business Wire
Contracts include training that will contribute
to improved transportation safety and mobility nationwide
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced the National Highway Institute (NHI) awarded Iteris seven
new task orders totaling over $2 million dollars to provide
comprehensive courses and training focused on several different
initiatives. This five-year deal is part of an indefinite
delivery/indefinite quantity (IDIQ) contract with the Federal
Highway Administration and demonstrates the administration’s
longstanding trust in Iteris’ unique expertise for various training
initiatives spanning over 20 years.
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Iteris Awarded Contracts Totaling Over $2
Million from the Federal Highway Administration (Photo: Business
Wire)
These new task orders encompass both course development and
course delivery. Iteris will develop, update and deliver materials,
supplementary resources, and services geared towards enhancing
training initiatives and facilitating the implementation of best
practices in various areas for FHWA.
These separate projects span a broad spectrum of content
development and training delivery, including the creation of
mobility data business plans, provision of federal aid, in-depth
travel demand analysis, climate resiliency practices, and
pedestrian facility design. The training will be accessible through
various channels, such as in-class sessions, online training,
virtual workshops, and technical assistance.
The NHI national training and workforce development program has
played a pivotal role in educating transportation professionals
from local and state agencies throughout the country, particularly
in intricate technical disciplines. Since Iteris started working
with the NHI in 2002, the company has demonstrated a track record
of developing and delivering industry-leading educational courses
and has developed over 20 courses and delivered more than 1,000
instructional sessions for the NHI.
“As an industry leader in applying technology to enhance safety,
mobility and sustainability across the nation, Iteris is honored to
continue our activities with the National Highway Institute,” said
Dr. Moe Zarean, general manager, mobility operations services at
Iteris. “These past years working with NHI, Iteris has perfected
our training approach, methods and practices, and we look forward
to continuing our role in helping to train the next generation of
transportation professionals nationwide.”
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart
mobility infrastructure management. Delivered through Iteris’
ClearMobility® Platform, our AI-powered 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," “feels,” “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 task
orders and statements about our technical, education and training
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 successfully perform the task
orders on a cost-effective basis; government funding and budgetary
delays, constraints and issues; adverse impacts related to
performance timing and cancellation of a contract or project; and
adverse impacts 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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version on businesswire.com: https://www.businesswire.com/news/home/20240227038836/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: itodd@mkrir.com
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