Iteris Awarded $1.1 Million Contract by City of Moreno Valley for Smart Mobility Initiative

Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a $1.1 million contract by the City of Moreno Valley to supply Iteris’ Vantage Vector® hybrid video and radar detection systems throughout the Southern California city.

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Iteris Awarded $1.1 Million Contract by City of Moreno Valley for Smart Mobility Initiative (Photo: Business Wire)

With the Vantage Vector hybrid detection system – an all-in-one detection sensor that combines video and radar for stop-bar and advanced zone detection – the City of Moreno Valley will be able to differentiate between vehicles, bicyclists and pedestrians, helping traffic to flow more efficiently and improving safety for all road users, while saving the city money and unnecessary construction by eliminating the need for in-ground hardware. The Vantage Vector detection system also provides robust data for smart mobility applications, automated traffic signal performance measures (ATSPM) software, and adaptive traffic control systems.

In addition to its multimodal detection and differentiation capabilities, the Vantage Vector system integrates video detection with high-precision radar sensing technology to provide total coverage of the dilemma zone – the point at which a driver approaching a yellow signal has to make a split-second decision to either unsafely stop and risk a rear-end collision or proceed to cross the intersection, potentially running a red light and risking a right-angle crash. Vantage Vector’s advanced dilemma zone detection capabilities mitigate these risks by either extending a signal phase to give drivers more time to react or enabling an all-red phase to avoid collisions while crossing the intersection.

The Vantage Vector detection system 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, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.

"Iteris offered the best combination of features and value, and our maintenance staff finds the units easy to operate and maintain,” said John Kerenyi, acting city traffic engineer at the City of Moreno Valley. "The new systems will have an immediate safety impact, will advance our goal to support all users and will help maintain better detection in the long term, especially during construction jobs.”

"We are pleased to be able to support the City of Moreno Valley’s goal of improving safety and mobility for the city’s vehicles, cyclists and pedestrians, while maximizing efficiency throughout its transportation network,” said Mark Nogaki, vice president, sales and customer success, Roadway Sensors at Iteris. "This new contract, which is testament to the spirit of innovation at the City of Moreno Valley, demonstrates increasing demand for Iteris’ leading solutions for the smart mobility infrastructure management market and underscores the city’s commitment to a technology framework that will serve the community for decades to come.”

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 capabilities, benefits and impacts of our products and 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 products and solutions in a cost-efficient basis; government funding and budgetary issues and timing; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact 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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