New Multi-year Contract Leverages Iteris’ Cloud-enabled Congestion Management Managed Service
 

• Program will augment the City of Lake Forest’s traffic management operations with Iteris’ industry-leading technology, expertise and resources.
   
• Access to real-time and historical data, historical analysis, visualization and reporting through Iteris’ ClearGuide SaaS solution will help to reduce congestion and improve safety throughout the southern California city.
   
• Initiative demonstrates growing demand for Iteris’ cloud-enabled managed services and SaaS solutions.
   

SANTA ANA, Calif. – July 27, 2021 – Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced it has been selected by the City of Lake Forest, California for a multi-year smart mobility program to reduce congestion and improve safety throughout the city, representing continued adoption of Iteris’ cloud-enabled managed services (CEMS) and software-as-a-service (SaaS) solutions.

Under the terms of the contract, Iteris will deliver its Congestion Management for Arterials CEMS to augment the City of Lake Forest’s traffic management operations. This offer bundles Iteris’ expertise and resources with the arterial performance measures features of its SaaS-based mobility intelligence solution, ClearGuide™. The benefits of the Congestion Management for Arterials CEMS include the continuous analysis of traffic trends, identification of mobility infrastructure improvement opportunities, and optimization of corridor-wide signal timing.

“We are proud the City of Lake Forest selected Iteris’ cloud-enabled managed service for arterial congestion management to reduce congestion and improve safety throughout the city,” said Scott Carlson, regional vice president, Consulting Solutions at Iteris. “The City of Lake Forest joins a growing number of forward-thinking organizations that are choosing to augment their traffic management operations with Iteris’ cloud-enabled managed services and software-as-a-service solutions.”

Recently, Iteris announced the Pulice-FNF-Flatiron Joint Venture selected Iteris’ Congestion Management for Highways CEMS to improve mobility and safety for the strategically important Arizona Department of Transportation I-10 Broadway Curve Design Build highway improvement project. Iteris’ Congestion Management for Highways CEMS uses ClearGuide’s Highway Performance Measures (HPM) capabilities for maintenance of traffic (MOT).

Over 50 government agencies, municipalities and commercial entities, including Transport Canada, Minnesota DOT, Virginia DOT, South Carolina DOT, the California Department of Transportation (Caltrans), Hillsborough County in Florida, the Pulice-FNF-Flatiron Joint Venture, the OC 405 Partners Joint Venture, and cities like Irvine, CA and Round Rock, TX, use the powerful transportation analytics capabilities of Iteris’ ClearGuide mobility intelligence and performance measurement solution to manage, measure and optimize complex transportation networks.

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 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, CEMS, and capabilities, benefits and impacts of our ClearGuide solutions and ClearMobility platform. 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 services in a cost-effective manner; government funding and budgetary issues and delays; impact of influences and variances of general economic, political, environment, 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).

Media Contact

David Sadeghi
Tel: (949) 270-9523
Email: dsadeghi@iteris.com

Investor Relations

MKR Investor Relations, Inc.
Todd Kehrli
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Email: iti@mkr-group.com