Rhea-AI Summary
Iteris (NASDAQ: ITI) announced a $4.7 million contract with the Orange County Transportation Authority (OCTA) for a traffic signal synchronization project. The three-year initiative aims to enhance traffic flow, public safety, and reduce stops through improved signal coordination across key intersections along Katella Avenue, spanning eight cities in Orange County, California. The project leverages Iteris' Intersection-as-a-Service™ and ClearMobility™ Platform for proactive monitoring and optimized traffic management. Services begin immediately, building on a previous $3.6 million contract awarded in January 2020.
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What is the current stock price of Iteris (ITI)?
Iteris (ITI) last closed at $7.20.