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Iteris Awarded $1.4 Million Contract to Provide Bus Signal Priority System for Culver City

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Extendable Three-year Agreement Continues to Expand Company's
Multimodal Efficiency and Vehicle-to-Infrastructure Initiatives

  • Initiative will improve services for over five million Culver
    CityBus riders a year, covering 33 square miles of west Los Angeles
    communities
  • Deal represents Iteris' commitment to leveraging
    vehicle-to-infrastructure technology to improve efficiency in public
    transit networks nationwide

Iteris,
Inc
. (NASDAQ:ITI), the global leader in applied informatics for
transportation and agriculture, today announced that it has been awarded
a $1.4 million contract from the City of Culver City to provide a bus
signal priority (BSP) system for eight Culver CityBus (CCB) lines,
representing the continued expansion of its BSP solution in southern
California.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180814005168/en/

Iteris Awarded $1.4 Million Contract to Provide Bus Signal Priority System for Culver City (Photo: B ...

Iteris Awarded $1.4 Million Contract to Provide Bus Signal Priority System for Culver City (Photo: Business Wire)

Under the terms of the three-year agreement, which is extendable for two
additional years of operations and maintenance service, Iteris will
provide design services, procurement and testing, and make operational
the new BSP system at 103 signalized intersections. This project is the
seventh BSP project in southern California, bringing total deployments
of Iteris' BSP connected bus solutions to over 600 intersections in the
region.

"Improving safety and efficiency for all modes of transportation is a
priority for Iteris and the cities and state agencies with which we work
throughout the U.S.," said Ramin Massoumi, senior vice president and
general manager, Transportation Systems at Iteris. "This new initiative
with the City of Culver City is further testament to the efficacy of our
vehicle-to-infrastructure approach to mitigate traffic congestion
throughout southern California metropolitan areas, as well as
nationwide."

Deployment of the BSP system is anticipated to be completed within 12
months. The BSP system will leverage existing on-bus systems that
incorporate GPS-based automatic vehicle location equipment, wireless
communications and advanced intersection traffic controller technologies.

The CCB serves approximately 5 million riders annually on eight lines
that include a bus rapid transit line called the Rapid 6. The CCB
service area encompasses 33 square miles.

About Iteris, Inc.

Iteris is the global leader in applied informatics for transportation
and agriculture, turning big data into big breakthrough solutions. We
collect, aggregate and analyze data on traffic, roads, weather, water,
soil and crops to generate precise informatics that lead to safer
transportation and smarter farming. Municipalities, government agencies,
crop science companies, farmers and agronomists around the world use our
solutions to make roads safer and travel more efficient, as well as
farmlands more sustainable, healthy and productive. 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," "anticipates," "expects,"
"intends," "plans," "seeks," "estimates," "may," "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 success, impact, and benefits
of the awarded contract. 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 perform the contract on a cost-effective
basis; agency funding and budgetary allocations and constraints;
performance timing and cancellation of contract or task orders; impact
of influences and variances of general economic, political, environment,
and other conditions; and the potential impact of product and service
offerings from competitors. 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).

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