State-of-the-art detection solution will
transform pedestrian detection in the United States
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, and
Sumitomo Electric Industries (SEI) today announced a groundbreaking
partnership that will bring the highly acclaimed Sumitomo
Pedestrian Detection sensor to the U.S. market, a technology that
has significantly enhanced pedestrian safety across Japan.
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the full release here:
https://www.businesswire.com/news/home/20240611209434/en/
Iteris ClearMobility Platform will
Integrate Sumitomo Electric’s Pedestrian Sensor to Create
Industry’s Most Advanced Pedestrian Detection Solution (Photo:
Business Wire)
Beginning this year, Iteris will integrate SEI’s advanced
pedestrian detection sensor, which utilizes advanced radar
technology to detect pedestrians with remarkable accuracy, into the
Iteris ClearMobility® Platform. In addition to its exceptionally
accurate detection capability, this highly sophisticated solution
will provide valuable, granular pedestrian data that will enhance
Iteris’ uniquely curated mobility data set.
“We are thrilled to partner with Iteris to bring our innovative
pedestrian detection sensor to the U.S. market. This technical and
commercial collaboration with Iteris marks a significant milestone
for us, as we are committed to enhancing safety standards not only
within Japan, but internationally as well,” said Hitoshi Hirata,
General Manager of Systems & Electronics Division of Sumitomo
Electric. “By leveraging Iteris’ extensive market expertise and
distribution network, we are confident that integrating our
advanced pedestrian detection sensor into the ClearMobility
Platform will set a new benchmark for safety and reliability for
both American pedestrians and drivers."
Given the world’s busiest pedestrian crossings exist in Japan,
SEI developed the world’s most advanced pedestrian detection
sensor. Launched in 2017, the Sumitomo pedestrian detection sensor
is currently operating in five regions in Japan. It has been
instrumental in reducing traffic incidents, particularly among
vulnerable populations such as the elderly. This makes it a perfect
addition to the U.S. market, which has seen an increase in
pedestrian fatalities since 2009—a trend the transportation
industry and federal government among others are working to
reverse.
"We are deeply committed to enhancing the safety and efficiency
of our nation’s transportation systems," said Joe Bergera, CEO of
Iteris. "Sumitomo's decision to collaborate with Iteris is a
testament to our shared vision for a safer, smarter mobility
future. Their sensor will complement our market-leading detection
portfolio perfectly, continuing to strengthen the already robust
capabilities of the ClearMobility Platform."
Iteris’ comprehensive suite of advanced and reliable detection
solutions are part of Iteris’ ClearMobility Platform, the world’s
most complete solution to continuously monitor, visualize and
optimize mobility infrastructure. It applies cloud computing,
artificial intelligence, advanced sensors, advisory services and
managed services to help ensure roads are safe, travel is
efficient, and communities thrive.
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.
About Sumitomo Electric Industries
Sumitomo Electric Industries, Ltd. is a recognized global
technology leader with over 289,000 employees working at more than
414 group companies in 40 countries. Building on over 120 years of
innovation, today Sumitomo Electric is engaged in diversified
business activities that support people's daily lives and
industries in five business segments: environment & energy,
infocommunications, automotive, electronics, and industrial
materials. For more information, visit
https://sumitomoelectric.com.
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," “outlooks,” “targets,” "plans," "seeks," "estimates,"
"may,” “would,” “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 contractual relationship and the
impacts, performance, and benefits of the integrated technologies.
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 and
products in a cost-efficient manner; our ability to effectively
introduce, market and gain broad acceptance of our new and existing
solution offerings; the potential impact of product and service
offerings from competitors and other competitive pressures, such as
competitors’ patents coverage and claims; challenges in the
development of software-based solutions generally; 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).
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240611209434/en/
Iteris Media Breanna Wallace Tel: (949) 996-5348 Email:
brwallace@iteris.com
Iteris Investor Relations MKR Investor Relations, Inc.
Todd Kehrli Tel: (213) 277-5550 Email: todd@mkrir.com
Sumitomo Electric Industries Email:
its-contact@info.sei.co.jp
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