Key Developments: Iteris Inc (ITI)
1.66USD
17 May 2013
$0.02 (+1.22%)
$1.64
$1.65
$1.66
$1.64
29,767
34,711
$1.91
$1.25
Latest Key Developments (Source: Significant Developments)
Iteris Inc Secures Contract From South Carolina Department Of Transportation
Iteris Inc announced that it was selected by the South Carolina Department of Transportation (SCDOT) to upgrade and operate the State's next generation 511 Traveler Information System. The three-year contract, valued at approximately $2.5 million, includes two one-year options for ongoing operation and maintenance. The award strengthens Iteris' leadership position in 511 traveler information systems, with the Company currently operating 18 systems nationwide and abroad. Work on the project is planned to begin immediately. Under the terms of the engagement, Iteris will lead a team of highly qualified partners experienced in the delivery of traveler information systems. Full Article
Iteris Inc Secures Two Five-Year Federal Highway Administration Contracts
Iteris Inc announced that it has been selected to provide on-call task-order based services that the Federal Highway Administration (FHWA) will release under two contracts for a period of up to five years. The two contracts for Support Services for the Office of Operations include: Operations and Intelligent Transportation Systems (ITS), and Traffic Incident and Events Management, and are valued at up to $67.6 million and $12.6 million, respectively. Full Article
Iteris Inc Receives Traffic Signal Synchronization Contract from Anaheim, California
Iteris Inc announced that it was awarded a Traffic Signal Synchronization Services contract from the City of Anaheim, California. The project requires the deployment of Intelligent Transportation System (ITS) upgrades and optimized traffic signal timing along Lincoln Avenue/Nohl Ranch Road through the cities of Anaheim and Orange. The contract is initially approved for approximately $928,000, with a ceiling value of $974,000, if all options are exercised. Under the contract, Iteris is responsible for equipment procurement, integration and signal timing design, implementation, and support services at 46 intersections. Work on the project is expected to begin immediately. Full Article
Iteris Inc Announces Award Of $2.45 Million By Abu Dhabi
Iteris Inc announced that it has been awarded a contract by the Abu Dhabi Department of Transport (DoT) for the design, implementation, operation and maintenance of the first integrated travel information and navigation services (i-TINS) system in the Middle East. The contract is valued at $2.45 million. Design and implementation commences immediately, followed by a 24-month operations and maintenance agreement. The system is expected to be operational by early 2013. Iteris will manage this project from its Abu Dhabi office with support from its U.S. based staff. Full Article
Iteris Inc Secures $1.4 Million ITS Integration Services Contract
Iteris Inc announced that it has been awarded an Intelligent Transportation Systems (ITS) Integration Services contract from the City of Oxnard, Calif., for deployment of the city’s ITS Master Plan. The contract is approved for $1.4 million. Full Article
Iteris Inc Secures $1.5 Million Contract To Extend Maintenance And Operations For Inland Empire’s 511 Traveler Information System
Iteris Inc announced that it was awarded a $1.5 million, five-year contract by the Riverside County Transportation Commission (RCTC), in cooperation with the San Bernardino Associated Governments (SANBAG). Iteris was engaged to operate and maintain the Inland Empire’s 511 (IE 511) traveler information system, with work on the project expected to run through June 2016. Under this new contract, Iteris will be converting the existing IVR platform to its IVR to reduce ongoing costs, and streamline the operations and maintenance of the overall 511 system, reporting regularly to RCTC on system up-time and user statistics. Full Article
Iteris Inc To Acquire Berkeley Transportation Systems
Iteris Inc announced that it has signed a definitive agreement to acquire all of the outstanding capital stock of Berkeley Transportation Systems, Inc. (BTS), a privately-held company based in Berkeley, California. BTS is a transportation performance measurement. Its Performance Measurement System (PeMS) leverages BTS’ real-time data collection, diagnostic, fusion, and warehousing platform to aggregate and compute performance measures. The transaction, subject to certain conditions, is expected to close within the week. Terms of acquisition were not disclosed. Full Article
Iteris Inc Launches iPerform Solutions For Measurement And Management Of Intelligent Transportation Networks
Iteris Inc announced that it has introduced iPerform, a information management solution that utilizes all available data resources to provide effective performance analysis and prediction. Full Article
Iteris Inc Secures Contract From Virginia Department Of Transportation
Iteris Inc announced that it has been selected by the Virginia Department of Transportation (VDOT) to provide the core services of 511 Interactive Voice Response, aggregating transportation video, and managing web-based traveler information and other data. Iteris will also be responsible for distributing related information to the VDOT and traveling public, as well as to other VDOT public partners. The initial five-year, task order-based contract has an estimated value of $10 million. The contract also includes the option for two, two-year extensions. Work on the project is expected to commence immediately. Under this contract, Iteris will lead a team of highly qualified partners that will leverage its rich experience assisting in the evolution of VDOT’s Intelligent Transportation System infrastructure and transportation management processes to provide VDOT with a comprehensive, cost-effective solution for sharing video and data that can readily adapt to rapidly evolving technologies and information dissemination media. Full Article
Iteris Inc Forms Partnership With Sutec Holding LLC
Iteris Inc announced that it has partnered with Sutec Holding LLC to become the Argentina company’s designated supplier of non-invasive video detection technologies for its traffic signal control systems. Through this partnership, Sutec will offer Iteris’ complete line of video detection hardware and software management solutions. This includes Iteris’ Pico camera system that was designed with the International market in mind for use in intersection detection and other special applications. Pico has already been successfully installed in the City of Lima, Peru, by Sutec for an adaptive signal control application, 'Semáforo Inteligente'. Full Article
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