SANTA ANA, Calif .– (COMMERCIAL THREAD) – Iteris, Inc. (NASDAQ: ITI), the global leader in intelligent mobility infrastructure management, today announced it has won a $ 6.8 million outsourcing contract from Parsons Corporation (NYSE: PSN) to provide design, implementation and integration assistance for the upgrade and expansion of the Los Angeles County Metropolitan Bus Signal Priority (BSP) NextGen System Transportation Authority (LA Metro), representing the continued expansion of Iteris’ BSP solutions in Southern California, a key geographic market.
Under the three-year subcontracting agreement with Parsons Corporation, Iteris will provide design, procurement, integration and testing services, and operationalize the new vehicle-to-infrastructure compatible BSP system (V2X ) at 88 additional reported intersections. along major corridors in the Greater Los Angeles area.
This project will upgrade and expand the largest priority signaling project in the country, and bring full deployments of Iteris’ BSP connected bus solutions to more than 600 signaled intersections in the region.
The V2X-enabled BSP system will take advantage of existing bus-based priority request systems that integrate GPS-based automatic vehicle location equipment, wireless communications and advanced traffic controller technologies at intersections that provide allocation capabilities. priority at intersections. This new deployment of the Countywide Signal Priority system is expected to be completed within 34 months.
In addition, Iteris will leverage its new asset management service for intersections and arteries to track and maintain the inventory and condition of equipment deployed in the field or in storage, perform life cycle analysis and monitor asset performance over time.
“Improving the safety, efficiency and sustainability of all modes of transportation is a priority for Iteris, as well as for the cities and state agencies we work with in the United States,” said said Scott Carlson, vice president and general manager of professional mobility services at Iteris. “Our commitment and continued involvement in LA Metro’s Countywide Signal Priority program is a testament to the effectiveness of our vehicle-infrastructure approach in alleviating congestion and improving the environment in metropolitan areas of Southern California, as well as throughout Southern California. the country. ”
Iteris’ asset management service for intersections and arteries is a key part of the ClearMobility ™ platform, the world’s most comprehensive solution for continuously monitoring, visualizing and optimizing mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to ensure safe roads, efficient travel and healthy communities.
LA Metro is one of the nation’s largest public transportation agencies, serving nearly 10 million transit riders per year, covering more than 83 square miles of Los Angeles County communities.
About Iteris, Inc.
Iteris is the world leader in intelligent management of mobility infrastructures – the basis 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 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 press release may contain forward-looking statements, which speak only as of the date hereof and are based on our current expectations and information currently available to us. Words such as “believes”, “anticipates”, “feels”, “anticipates”, “expects”, “intends to”, “plans”, “research”, “estimates”, “might”, “Should”, “should,” “may”, and variations of such words or similar phrases are intended to identify forward-looking statements. Such statements include, but are not limited to, statements about the success, impacts and benefits of the contract awarded and statements about our advisory and management services and our 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 may differ materially and unfavorably from those expressed in forward-looking statements due to various factors.
Important factors which may cause such a difference include, without limitation, our ability to successfully execute the contract on a profitable basis; government funding and budget delays, constraints and problems; negative impacts linked to the execution schedule and the cancellation of an awarded contract; the negative impacts of economic, political and other conditions on the markets we serve; and the potential impact of competitor’s product and service offerings and of such competitor’s patent coverage and claims. Further information about 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 documents available on the SEC website (www.sec.gov).