Iteris Selected to Support Intelligent Transportation Systems Project in Metro Cebu, Philippines
16 Maio 2024 - 9:30AM
Business Wire
This United States Trade and Development Agency
(USTDA)-funded technical assistance aims to improve public mobility
through the application of new technologies
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced it has been chosen to support the selection and
deployment of Intelligent Transportation System (ITS) technologies
in Metro Cebu, Philippines as part of a USTDA-funded ITS
modernization project.
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Iteris Selected to Support Intelligent
Transportation Systems Project in Metro Cebu, Philippines (Photo:
Business Wire)
This technical assistance activity is provided by USTDA to the
grantee, Philippines’ Department of Transportation (“DOTr”). The
project involves developing an ITS master plan for the rapidly
growing Cebu City and 12 surrounding local government units.
Because of their large population and quick growth, the region is
facing considerable challenges related to transportation
infrastructure, causing congestion, delays, and unsafe traffic
conditions.
The project aims to identify ITS solutions that can improve
traffic management, reduce vehicle emissions, enhance road safety,
and advance efficiencies in intra/inter Metro Cebu cargo and
passenger movements.
Iteris is a subconsultant to Nathan Associates, LLC, a trusted
global partner for providing analytic and economic solutions
worldwide. Iteris will lead the ITS activities, including
assessment of current conditions, development of ITS technology
recommendations, review of potential technology suppliers in the
U.S., and creation of the ITS master plan.
“We’re happy to have been selected to be part of this
international initiative, which is another recognition of our
team’s expertise in modernizing transportation infrastructures,”
said Dr. Moe Zarean, general manager of mobility operations
services at Iteris. “This project will be critical to improving
mobility in Metro Cebu at an essential time of growth, and we’re
excited to work closely with all stakeholders to make it a
success.”
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart
mobility infrastructure management. Delivered through Iteris’
ClearMobility® Platform, our AI-powered end-to-end solutions
monitor, visualize and optimize mobility infrastructure around the
world, and help bridge legacy technology silos to unlock the future
of transportation. That’s why more than 10,000 public agencies and
private-sector enterprises focused on mobility rely on Iteris every
day. 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," “feels,” "anticipates," "expects,"
"intends," "plans," "seeks," "estimates,” "may," “could,” “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
project and impacts and benefits of our consultant 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 our services in a
cost-efficient manner; government funding and budgetary delays,
issues and timing; adverse impacts related to performance timing
and cancellation of a project; 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 filings that are
available through the SEC’s website (www.sec.gov).
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version on businesswire.com: https://www.businesswire.com/news/home/20240516372290/en/
Media Contact Breanna Wallace Tel: (949) 996-5348 Email:
brwallace@iteris.com
Investor Relations MKR Investor Relations, Inc. Todd
Kehrli Tel: (213) 277-5550 Email: todd@mkrir.com
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