SANTA ANA, Calif .– (BUSINESS WIRE) – Jan. July 2021–
Iteris, Inc. (NASDAQ: ITI), the worldwide chief in clever mobility infrastructure administration, introduced immediately that the Los Angeles County Metropolitan Transportation Authority (LA Metro) has awarded two clever mobility planning companies associated to toll lane conversion (HOT) on two main highways in Los Angeles County, demonstrating a rising demand for Iteris’ specialised advisory companies in an essential geographic market.
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Iteris wins $ 1.5 million contract to offer clever mobility planning companies for Los Angeles County’s Metropolitan Transportation Authority (Picture: Enterprise Wire)
Underneath the phrases of the 2 subcontracting agreements with WSP and Parsons Company, totaling $ 1.5 million, Iteris will present visitors forecasting, microsimulation and operational idea improvement companies to help the HOT lane conversion on the freeway Assist I-405 through Sepulveda Move and the I-10 Freeway within the San Gabriel Valley. The freeway system enchancment technique will assist scale back congestion, enhance mobility and supply better route flexibility and visitors effectivity for about 600,000 each day freeway customers on greater than 40 miles of freeway in Los Angeles County.
The HOT lane idea is a managed lane system that helps enhance the operation of a hall by combining excessive occupancy car (HOV) lanes – generally referred to as automobile pool lanes – with dynamic pricing methods. In contrast to HOV lanes, HOT lanes permit single drivers to make use of the HOT lanes to save lots of journey time when paying the relevant toll.
“We’re proud to be a part of the multidisciplinary improvement crew planning and designing the conversion of HOV lanes to HOT lanes – an more and more in style technique for bettering the freeway system – in two of essentially the most congested corridors in Los Angeles County” mentioned Viggen Davidian, vice chairman, Consulting Options at Iteris. “With the arrival of latest car administration applied sciences over the previous decade, we are able to now handle congested corridors extra successfully whereas lowering journey occasions and total visitors congestion, bettering air high quality, lowering the environmental impression of the prevailing transport system, and delivering Los Angeles.” Roundabout individuals with extra versatile route choices. “
About Iteris, Inc.
Iteris is the world’s main supplier of Sensible Mobility Infrastructure Administration – the inspiration for a brand new period of mobility. We use cloud computing, synthetic intelligence, superior sensors, consulting companies and managed companies to realize protected, environment friendly and sustainable mobility. Our end-to-end options monitor, visualize and optimize mobility infrastructure world wide to make sure roads are protected, journey is environment friendly and communities are thriving. Go to www.iteris.com for extra data and be a part of the dialogue on Twitter, LinkedIn and Fb.
Ahead-Trying Statements from Iteris
This press launch might comprise forward-looking statements that talk solely as of the date of this launch and are primarily based on our present expectations and knowledge at present accessible to us. Phrases like “believes”, “expects”, “expects”, “intends”, “planet”, “seeks”, “estimates”, “can”, “ought to”, “will”, “can” and variations of those phrases or related expressions are meant to establish forward-looking statements. These statements comprise, amongst different issues, statements in regards to the contracts awarded, the undertaking and our consulting companies. Such statements will not be ensures of future efficiency and are topic to sure dangers, uncertainties and assumptions which can be tough to foretell and varied elements may trigger precise outcomes to vary materially and adversely from these expressed in any forward-looking statements.
Essential elements that may trigger such a distinction embody our capability to offer the companies efficiently and inexpensively; Company price range constraints; Utilization requirement of the company for the contractual companies (e.g. seasonality); Efficiency scheduling and cancellation of job orders; and the potential impression of product and repair choices from rivals. For extra details about Iteris, Inc., together with extra threat elements that might have an effect on our forward-looking statements, please see our Annual Report on Kind 10-Okay, our Quarterly Studies on Kind 10-Q, our Present Studies on Kind 8-Okay, and our others SEC filings accessible on the SEC web site (www.sec.gov).
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CONTACT: Media contact
David Sadeghi
Tel: (949) 270-9523
E-mail: dsadeghi@iteris.com Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
E-mail: iti@mkr-group.com
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY GENERAL AUTOMOBILES OTHER TRAVEL TRAVEL OTHER TRANSPORT AUTOMOBILE OTHER CONSTRUCTION & REAL ESTATE COMMERCIAL CONSTRUCTION & REAL ESTATE CONSTRUCTION & REAL ESTATE TRANSPORT CONSTRUCTION SYSTEMS PUBLIC TRANSPORT OTHER AUTOMOTIVE DATA TRANSPORT
SOURCE: Iteris, Inc.
Copyright Enterprise Wire 2021.
PUB: 07/01/2021 08:30 a.m. / DISC: 07/01/2021 08:32
http://www.businesswire.com/information/house/20210701005185/en
Copyright Enterprise Wire 2021.
