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Iteris Awarded $5.8 Million Task Order for Support of National ITS and Connected Vehicle ArchitecturesIteris, Inc. (NYSE MKT: ITI), a leader in providing information solutions to the transportation and agriculture markets, was awarded a $5.8 million task order from the U.S. Department of Transportation (USDOT) for continued support and evolution of the National Intelligent Transportation System (ITS) Architecture and the Connected Vehicle Reference Implementation Architecture (CVRIA) through 2018. This award extends Iteris' (News - Alert) working relationship with the USDOT to over 20 years. This new task order continues the evolution of the National ITS Architecture and supports its application at the regional, state and local agency levels for the planning and development of ITS projects. The work defined in the task order covers architecture content and software tool maintenance, ITS standards support, and technical support for architecture application. It also provides for Iteris' development and implementation of workshops and training on the National ITS Architecture; its application to the regional, state and local levels; and an introduction to the CVRIA and its related tools. Iteris is leading the development and evolution of the USDOT's CVRIA, which identifies key interfaces and standards for the Connected Vehicle Environment. Connected Vehicle technology allows vehicles to communicate with one another (V2V), as well as with transportation infrastructure (V2I). This technology has the potential of significantly improving the efficiency of the nation's transportation system and enhancing the safety and user experience for all travelers. Iteris complements its working relationship with the USDOT by assuming leadership positions in many other initiatives that relate to connected and autonomous vehicles. "The Connected Vehicle Reference Implementation Architecture continues to progress in response to the tremendous amount of activity," stated Ramin Massoumi, senior vice president and general manager, Transportation Systems at Iteris. "This increased activity has not only originated from the Federal government and state and local transportation agencies, but also from other significant transportation stakeholders, such as car manufacturers, communications service providers, and automotive electronics manufacturers. We started working on the National ITS Architecture over two decades ago, and have helped to establish a foundation for integrating new Conected Vehicle technologies into the existing infrastructure. Iteris' continued involvement in the integration of new and developing Connected Vehicle technology has enabled us to maintain a leading role in enhancing the widespread acceptance of this new transportation paradigm." The Connected Vehicles initiative is focused on the development and deployment of a connected transportation environment that makes effective use of multimodal transportation systems, as well as other transformational applications that require a robust, underlying technological platform. This environment can ensure safe, reliable, interoperable system operations that minimize risk and maximize efficiencies for the traveling public. About Iteris, Inc. Iteris, Inc. (NYSE MKT: ITI) is a leader in providing information solutions to the transportation and agriculture markets. The company is focused on providing information and guidance to practitioners in these markets to improve their effectiveness and efficiency. By combining its expertise, unique IP, and information infrastructure in a suite of products and services, Iteris offers a broad range of solutions to both domestic US and international customers. The firm is headquartered in Santa Ana, California, with offices throughout the US and in selected foreign countries. For more information, please visit www.iteris.com or call 1-888-329-4483. Also visit us on Facebook, Twitter, LinkedIn, and YouTube. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 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," "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 timing, success, and benefits of the project and the performance and utility 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 successfully complete each phase of the project; the potential impact of product and service offerings from competitors and other competitive pressures; 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 (News - Alert) filings that are available through the SEC's website (www.sec.gov).
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