- Continental and Iteris explore intelligent infrastructure solutions that advance connected and automated vehicle technology with real-world vehicle-to-everything (V2X) solutions with the goal of enabling cooperative perception capabilities.
- Program brings together vehicle and infrastructure sensor expertise to improve safety and efficiency throughout transportation networks nationwide.
- Collaboration will support needed infrastructure transformation demanded by future connected and automated vehicles.
AUBURN HILLS, Mich. and SANTA ANA, Calif. – April 27, 2021 – Global mobility supplier Continental and Iteris, Inc. (NASDAQ: ITI), the leader in smart mobility infrastructure management, today announced they have entered into a collaboration agreement to explore intelligent infrastructure solutions for communities across North America. With the goal of readying cities for advancements in connected and automated vehicle technologies, the partnership is designed to help ensure safer and more efficient mobility.
“Smart mobility is in our DNA at Continental and we are constantly improving and innovating solutions that help make roadways safer for all who use them. As we look to a future with more connected and automated vehicles (CAVs), the infrastructure will play a bigger role, demanding updates in sensing, connectivity and communication capabilities,” explained Murali Srinivasan, Vice President, Passive Safety and Sensorics, Continental North America. “Our long and proven history in safety sensorics fits naturally with Iteris’ expertise in intelligent infrastructure management to deliver solutions that will contribute to greater environmental awareness and increased road user safety.”
The future-oriented traffic infrastructure collaboration will leverage automotive sensors, and infrastructure-to-vehicle (I2V) connectivity to make city transportation systems across North America more efficient, while supporting local and regional transportation agencies’ efforts to achieve their Vision Zero goals.
Information generated by the automotive sensors will be used to enable cooperative perception capabilities. In addition to sharing a connected vehicle’s location with other V2X-enabled devices, cooperative perception messaging enables that vehicle to also share what it senses – a pedestrian or car, for example – with the rest of its connected environment. The collaboration is focused on improving the current transportation infrastructure while working toward a more balanced, intelligent and optimized infrastructure that communicates seamlessly with the mobility ecosystem in the future thanks to expanded sensing capabilities.
“At Iteris, we are committed to helping public transportation agencies and our commercial partners achieve safe, efficient and sustainable mobility through the use of innovative technology, and advanced sensing and communications systems,” said Todd Kreter, senior vice president and general manager, Advanced Sensor Technologies at Iteris. “We are thrilled to announce this partnership with Continental, a pioneer of automotive safety and connected mobility technologies, to explore new intelligent infrastructure solutions that will help make roads safer, more efficient and sustainable, while readying cities and automotive OEMs for advancements in connected and automated vehicle technologies.”
“Historically, infrastructure and automotive development happened largely independent from one another. Our efforts will help blur that boundary, ensuring that sensor data can be used in new and important ways to create a fuller, real-time picture of a traffic situation,” Murali added.
In addition to offering more comfort and convenience to drivers, this safety-focused partnership can contribute to stronger V2X effectiveness – critical in reaching the goal of Vision Zero. The U.S. Department of Transportation states that V2X technology has the potential to address approximately 80 percent of unimpaired vehicle crashes. Roadway injuries and fatalities also impact people outside of vehicles. According to the National Safety Council, in the United States approximately 30 percent of all road fatalities are vulnerable road users, which include pedestrians, cyclists, scooters and motorcyclists. Continental and Iteris are committed to helping the mobility industry realize this potential.
About Continental
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. Continental generated preliminary sales of €37.7 billion in 2020 and currently employs more than 235,000 people in 58 countries and markets. In 2021, the company celebrates its 150th anniversary.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release contains 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 collaboration arrangement and capabilities of our solutions. 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 integrate and deliver our solutions on a timely and cost-efficient basis; the future adoption of technology-based analytics solutions in the transportation market; 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).
Continental Media Contact
Brianna Blust
Tel: (248) 230-0143
Email: Brianna.blust@continental.com
Iteris Media Contact
David Sadeghi
Tel: (949) 270-9523
Email: dsadeghi@iteris.com
Iteris Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
Email: iti@mkr-group.com
