Iteris Awarded Over $1 Million SaaS Contract by Ventura County Transportation Commission

12.03.24 13:30 Uhr

Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a three year, over $1 million contract from the Ventura County Transportation Commission (VCTC) for use of its ClearGuide® solution to improve mobility throughout the region.

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Iteris Awarded Over $1 Million SaaS Contract by Ventura County Transportation Commission (Photo: Business Wire)

Under the terms of the software as a service (SaaS) agreement, VCTC will have access to Iteris’ ClearGuide Roadways solution to perform sophisticated mobility analytics. ClearGuide Roadways is an easy-to-use dynamic service that helps agencies improve real-time operations, incident management, work zone mobility, and transportation planning with traffic data and map content powered by HERE Technologies. To enhance the effectiveness of solutions, the software will be available to all cities and other agencies throughout the county.

Iteris will also provide traffic volume estimates, using Iteris’ ClearData® probe data and advanced learning models powered by industry-leading Artificial Intelligence to deliver estimated volume on roadways throughout the county. These AI-volume estimates are created annually for a majority of roadways in the county, including all freeways and major arterials, providing a continuous picture of volume at 15-minute intervals over the previous year. This data can be combined with other ClearGuide traffic metrics to generate accurate estimates of Vehicle Miles Travelled (VMT) or Vehicle Hours of Delay (VHD), among other derived quantities, for roadways across the county. This provides better coverage for both space and time than traditional methods, which rely on more limited coverage.

The ClearGuide solution is a key component of Iteris’ ClearMobility® Platform, the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence (AI), advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.

"We’re delighted to be working with Ventura County Transportation Commission to continue improving mobility in Southern California with our SaaS offering,” said Scott Perley, vice president of program management at Iteris. "They now join regional partners Los Angeles County and San Bernardino County in utilizing ClearGuide to turn data into insights for smart, data-driven decisions that will improve accessibility, efficiency and sustainability in the region.”

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 contract and the benefits and impacts of our ClearData and ClearGuide 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 provide our services and solutions in a cost-efficient manner; government funding and budgetary delays, timing and issues; adverse impacts related to project performance timing, changes or cancellation of a project; the potential impacts of service and solution offerings from competitors and such competitors’ patent coverage and claims; and the impact of influences and general economic, political, environment, 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).