Iteris Awarded $19 Million Contract to Continue Training DOTs Nationwide on Safer, More Efficient and Smarter Transportation
March 01 2016 - 7:30AM
Business Wire
- New Five Year Contract Significantly Expands
Iteris’ Training Program with the Federal Highway Administration
and the National Highway Institute -
Iteris, Inc. (NASDAQ: ITI), the global leader in applied
informatics for transportation and agriculture, was awarded a new
$19 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract
from the Federal Highway Administration (FHWA) for training
departments of transportation technical staff on sustainable
transportation planning and environment programs. This new contract
expands the topics to include economic analysis and smart land use,
as well as environment programs that promote safer and more
efficient mobility.
Since 2001, Iteris has been an agency of record, providing
training programs for the Federal Highway Administration (FHWA) and
the National Highway Institute (NHI), both sub-divisions of the
DOT. With this new contract, Iteris will continue to deliver these
programs through its highly regarded subject matter experts and
hands-on instruction, through 2021. The courses are designed for
state and local departments of transportation and will focus on
several of the most pressing technical matters, including freight
and goods movement, multimodal and active transportation,
congestion management, improved safety, higher efficiency
environmental conservation, and smart growth.
“Iteris’ team of certified instructors are highly regarded in
the field of transportation and this new award is testament to
their knowledge and forward-thinking,” said Ramin Massoumi, senior
vice president and general manager of Iteris, Transportation
Systems. “Our team of experts are advising DOTs on the most
important topics in transportation and helping cities and states to
design and deploy sustainable systems on the path to smart
cities.”
About Iteris, Inc.
Iteris is the global leader in applied informatics for
transportation and agriculture, turning big data into big
breakthrough solutions. We collect, aggregate and analyze data on
traffic, roads, weather, water, soil and crops to generate precise
informatics that lead to safer transportation and smarter farming.
Municipalities, government agencies, crop science companies,
farmers and agronomists around the world use our solutions to make
roads safer and travel more efficient, as well as farmlands more
sustainable, healthier and productive. Visit www.iteris.com for
more information.
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 success, impact, and
benefits of the awarded contract and the 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 deliver training
programs; government funding and budgetary issues, and potential
related scheduling and funding delays; the impact of training on
technical matters; impact of influences and variances of general
economic, political, environment, and other conditions; 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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IterisTom Roberts, 949-270-9572tlr@iteris.com
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