Iteris Stock Price, News & Analysis

Iteris, Inc. (NASDAQ: ITI) has been invited to present at the B. Riley Securities 22nd Annual Institutional Investor Conference on May 25-26, 2022, at The Beverly Hilton, Beverly Hills, CA. President and CEO Joe Bergera and CFO Douglas Groves will present on May 26 at 1:40 p.m. PT. They will also participate in one-on-one meetings with investors. The presentation will be webcast live and available for replay via the company's investor relations webpage.

Iteris is recognized for its smart mobility infrastructure management technology, with over 10,000 agencies relying on its solutions.

Iteris, a leader in smart mobility infrastructure, has secured a new task order under a $19.5 million IDIQ contract with the Federal Highway Administration. This task focuses on a multimodal travel assessment to enhance accessibility and interoperability in mobility services. The funding commitment has reached $15.5 million so far. Iteris aims to improve travel options, particularly for underserved populations, aligning its efforts with the US Department of Transportation goals.

Iteris has secured a $1.5 million subcontract from HNTB Corporation to manage LA Metro's NextGen Countywide Signal Priority System, enhancing transit efficiency and safety for over 10 million residents in LA County. This project, the largest of its kind in the nation, expands Iteris' operational footprint to over 600 signalized intersections. The initiative demonstrates Iteris' commitment to utilizing vehicle-to-infrastructure (V2X) technology for improved public transit systems.

Iteris has expanded its partnership with Total Traffic & Weather Network (TTWN) to enhance mobility intelligence solutions targeting both public and commercial sectors. This multi-year agreement focuses on addressing the pandemic-induced shifts in traffic patterns by integrating TTWN's traffic incident data with Iteris' ClearMobility™ Cloud. The collaboration aims to provide comprehensive traffic information to various industries, reflecting the increased demand for accurate data as traffic congestion returns to pre-pandemic levels with more variability.

Iteris, awarded a three-year open-ended on-call contract by the Virginia Department of Transportation (VDOT), aims to enhance transportation safety and mobility in the Mid-Atlantic region. The contract, which has an unlimited ceiling and is renewable for two additional years, involves support for transportation system operations, connected vehicle programs, and integrated corridor management. This deal signals ongoing demand for Iteris' consulting services, potentially opening avenues for federal funding under the Infrastructure Investment and Jobs Act to bolster infrastructure improvements.