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Iteris Records 32% YoY Increase in Full-Year Net Bookings for Agriculture and Weather Analytics SolutionsIteris, Inc. (NASDAQ: ITI), the global leader in applied informatics for transportation and agriculture, today announced that its Agriculture and Weather Analytics segment recorded $6.3 million in net bookings for the fiscal year ending March 31, 2019, representing a 32% increase from the same prior-year period. The segment's full-year net bookings reflect significant and sustained demand for both Iteris (News - Alert) ClearAg® and Iteris ClearPath Weather®. ClearAg provides environmental intelligence to agribusinesses and agriculture allied providers, while ClearPath Weather provides predictive roadway intelligence to state and local agencies, as well as commercial entities. Iteris offers both ClearAg and ClearPath Weather on a software-as-a-service (SaaS (News - Alert)) basis. Recent notable Agriculture and Weather Analytics new customer bookings include:
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," "outlooks," "target," "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 success, and benefits of the new customer bookings and the performance, functionality and utility of our products and services. 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 the products and services on a cost-effective basis; government funding and budgetary issues, and potential related scheduling and funding delays; the impacts of general economic, political, and other conditions in the markets we address; the future adoption of our Agriculture and Weather Analytics technologies in the markets we address; customer's dedication of resources and ability to achieve market acceptance for its own products and services; and the potential impacts of product and service offerings from competitors and such competitors' patent coverage and claims. 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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