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Iteris Awarded $2 Million Texas DOT IDIQ Contract for Smart Mobility and Traffic Signal Timing Services

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Iteris Awarded $2 Million Texas DOT IDIQ Contract for Smart Mobility and Traffic Signal Timing Services
News

News

Iteris Awarded $2 Million Texas DOT IDIQ Contract for Smart Mobility and Traffic Signal Timing Services

2024-06-27 20:32 Last Updated At:20:41

AUSTIN, Texas--(BUSINESS WIRE)--Jun 27, 2024--

Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2 million by the Texas Department of Transportation (TxDOT).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240627265118/en/

Under the terms of this contract, Iteris will continue to provide traffic signal timing and operational improvements at key intersections throughout the TxDOT Houston District, one of the largest metropolitan areas in the United States with over 1,000 signalized intersections.

“We are extremely pleased to extend our close working relationship with the state of Texas, one of the largest and most progressive transportation markets in the U.S.,” said Cliff Heise, regional vice president, mobility professional services at Iteris. “Texas is a key strategic market for Iteris and, with this being the fourth consecutive TxDOT Houston District Traffic Signal Timing IDIQ awarded to Iteris, we’re excited for the chance to continue our work increasing efficiency and creating a better, more sustainable travel experience in the region.”

This agreement is the eighth major contract awarded to Iteris by TxDOT in the past six years and the fourth consecutive signal timing contract. Iteris has provided $15 million of Intelligent Transportation System (ITS), traffic engineering and traffic signal timing/operations support to TxDOT.

About Iteris, Inc.

Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility® Platform, our cloud-enabled 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," “outlooks,” “targets,” "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 awarded contract and statements about our professional 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 project scheduling delays and cancellation of a project; and the adverse impacts 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 ).

Iteris announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2 million by the Texas Department of Transportation (TxDOT). (Photo: Business Wire)

Iteris announced that it has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract with a value of up to $2 million by the Texas Department of Transportation (TxDOT). (Photo: Business Wire)

BRIDGETOWN, Barbados (AP) — Virat Kohli's first half-century at this Twenty20 World Cup anchored India to 176-7 against South Africa in the final on Saturday.

Kohli, who tallied only 75 runs in seven games, made 76 off 59 balls with six fours and two sixes after India was in early trouble at 34-3 inside the first five overs.

Axar Patel absorbed the pressure well after getting promoted at No. 5, hitting four sixes in his brisk 47 off 31 balls, and put India back on track by sharing a 72-run stand with Kohli.

Kohli completed his half-century off 48 balls in the 17th over, but pushed the acceleration by smashing big sixes against Kagiso Rabada (1-36) and Marco Jansen (1-49). Kohli holed out in the deep in the penultimate over.

Shivam Dube made 27 off 16 balls and fell in Anrich Nortje's (2-26) last over as India scored 58 runs in the last five overs.

Kohli got India off to a flier when he hit left-arm fast bowler Jansen for three boundaries in the first over, and captain Rohit Sharma struck left-arm spinner Keshav Maharaj (2-23) for two fours off his first two balls.

But Maharaj struck twice in his first over when Sharma was brilliantly snapped up by Heinrich Klaasen low at square leg, and Rishabh Pant hit off the toe-end of the bat while attempting a reverse sweep and ballooned a simple catch behind the wickets.

Klaasen shone again in the outfield when he caught Suryakumar Yadav at deep fine leg off Rabada’s short-pitched ball before Patel and Kohli rebuilt the innings.

Patel was run out off a brilliant direct throw from wicketkeeper Quinton de Kock as he smartly intercepted Kohli’s flick and then hit the stumps at the non-striker’s end.

Both teams were unchanged from the semifinals.

South Africa is eyeing its maiden ICC title in its first final, while India, the inaugural T20 World Cup champion in 2007, hasn’t won a major trophy in 13 years.

AP cricket: https://apnews.com/hub/cricket

An Indian fan cheers for his team before the start of the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

An Indian fan cheers for his team before the start of the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

A fan takes a selfie with West Indies' cricket legend Chris Gayle before the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

A fan takes a selfie with West Indies' cricket legend Chris Gayle before the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

India's Virat Kohli bats during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

India's Virat Kohli bats during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

South Africa's Quinton de Kock, right, celebrates with teammates the wicket of India's Axar Patel during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

South Africa's Quinton de Kock, right, celebrates with teammates the wicket of India's Axar Patel during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

South Africa's Keshav Maharaj, second right, celebrates with teammates after the dismissal of India's captain Rohit Sharma, right, during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

South Africa's Keshav Maharaj, second right, celebrates with teammates after the dismissal of India's captain Rohit Sharma, right, during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

South Africa's Kagiso Rabada, center, celebrates with teammates after the dismissal of India's Suryakumar Yadav during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

South Africa's Kagiso Rabada, center, celebrates with teammates after the dismissal of India's Suryakumar Yadav during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

India's Virat Kohli, right, makes his crease as South Africa's Quinton de Kock fields the ball during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

India's Virat Kohli, right, makes his crease as South Africa's Quinton de Kock fields the ball during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

India's Axar Patel bats during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

India's Axar Patel bats during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

India's Virat Kohli bats during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

India's Virat Kohli bats during the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

South Africa's Anrich Nortje warms up before the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

South Africa's Anrich Nortje warms up before the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

Indian fans cheer for their team before the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

Indian fans cheer for their team before the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ramon Espinosa)

Indian supporters cheer for their team before the start of the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

Indian supporters cheer for their team before the start of the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

Indian supporters cheer for their team before the start of the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

Indian supporters cheer for their team before the start of the ICC Men's T20 World Cup final cricket match between India and South Africa at Kensington Oval in Bridgetown, Barbados, Saturday, June 29, 2024. (AP Photo/Ricardo Mazalan)

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