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Stock impact report

Iteris Awarded $9.6 Million Contract by the Orange County Transportation Authority for Countywide Smart Mobility Initiative [Yahoo! Finance]

Iteris, Inc. (ITI) 
NASDAQ:AMEX Investor Relations: iterisinc.gcs-web.com/investor-relations
Company Research Source: Yahoo! Finance
SANTA ANA, Calif., March 27, 2024 BUSINESS WIRE Iteris, Inc. (NASDAQ: ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced it has been awarded a new contract by the Orange County Transportation Authority (OCTA) for an unprecedented countywide traffic signal synchronization project that will ultimately increase efficiency, safety and sustainability across the entire county. Under the terms of the $9.6 million agreement, Iteris will provide signal timing design, operations and maintenance for all 34 cities in Orange County, California, one of the most populous counties in the entire United States. The project will be a strategic reset of the traffic signal synchronization baseline for over 2,500 signals—representing a significant shift in approach and the need to leverage emerging technologies. Iteris will utilize its ClearGuide® SaaS solution, rather than temporary and/or manual data collection methods that provide only limit Show less Read more
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