Iteris Awarded $1 Million Contract to Update Florida’s Intelligent Transportation Systems Architectures

Iteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced that it has received a $1 million contract to update the Florida Department of Transportation’s (FDOT) Statewide Intelligent Transportation Systems (ITS) Architecture (SITSA) and seven Regional ITS Architectures (RITSA) to conform to the latest version of the National ITS Architecture, and to reflect the current and planned ITS and advanced technology solutions Florida stakeholders envision. The scope of services also includes annual maintenance updates of the SITSA and RITSAs.

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Iteris Awarded $1 Million Contract to Update Florida’s Intelligent Transportation Systems Architectures (Photo: Business Wire)

Under the five-year agreement, Iteris will review and evaluate each architecture, and define plans for each Florida DOT region to address transportation needs with advanced technology, such as connected and automated vehicles (CAV). Iteris will also highlight opportunities for the capture and use of transportation data to support decision making in Florida in the context of the broad view of ITS that the architecture provides. The SITSA and RITSAs support Florida’s ITS planning and deployment to encourage interoperability and CAV preparedness.

At project completion, FDOT will have Federal Highway Administration Rule 940-compliant ITS architectures that support Florida’s transportation systems management and operations (TSM&O) vision and goals, and support ITS and CAV project planning over a 10-year horizon.

"We are pleased to announce FDOT’s decision to entrust Iteris with the update of Florida’s statewide and regional ITS architectures,” said Cliff Heise, vice president, national ITS Architecture lead and federal program project manager, Transportation Systems at Iteris. "As Florida’s transportation needs increase and new technologies such as connected and automated vehicles advance and proliferate, it is vital that transportation stakeholders invest in preparations for the new realities and use a common framework to efficiently facilitate their project development and deployment activities across organizational boundaries.”

Iteris will use the latest version of the Architecture Reference for Cooperative and Intelligent Transportation (ARC-IT) and its software tool set, the Regional Architecture Development for Intelligent Transportation (RAD-IT), to update the Florida architectures. Iteris has led the development and evolution of the U.S. ITS architecture reference, ARC-IT, over the past three decades. ARC-IT provides transportation stakeholders with the architecture reference to collaboratively plan, deploy, and enhance their transportation systems to support ITS and CAV technologies.

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, healthy and productive. 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," "outlooks,” "target,” "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 related to the awarded contract, our services, and architecture references. 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, changes in the vehicle connectivity and autonomy technologies; perform our services on a timely and cost-effective basis; acceptance and use of the latest versions of the architecture references; government funding and budgetary issues, and potential related funding delays; 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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