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Iteris Awarded $8.9 Million 511 Traveler Information Contract by the San Francisco Bay Area MTCIteris (News - Alert), Inc. (NYSE MKT: ITI), a leader in providing information solutions to the transportation and agriculture markets, was awarded the 511 San Francisco Bay Area System Integrator, Data Management & Dissemination, and Interactive Voice Response Phone (News - Alert) System service contract by the Metropolitan Transportation Commission (MTC). Iteris will bring to the Bay Area traveler information system many years of experience in the design, development and operation of enhanced 511 systems. Work on the four-year, $8.9 million service agreement commences immediately. The Bay Area's existing 511 system has been the go-to source for actionable traveler information, handling more than 2.3 million web user sessions and 660,000 calls per month. The new Iteris Interactive Voice Response (IVR) Phone and Data Management System efficiently provides increased user capacity and functionality, including improved voice recognition and multilingual services. The IVR system will continue to deliver real-time traffic, parking and transit information to the end users. Iteris will also provide future enhancements to the Next Generation 511 system to continually improve its overall services. Iteris' traveler information platform is highly scalable and efficient, can rapidly ingest third party information and disseminate it to vehicles and transit users through multiple channels. The platform has been extensively field-proven and is currently deployed in nine statewide systems, as well as four regional systems in California. Ramin Massoumi, senior vice president and general manager of Transportation Systems at Iteris, commented: "This new real-time, multimodal phone system will bring next generation traveler information to the Bay Area and improve how commuters navigate to their desired destinations. Given the immense size of the San Francisco metro area and the numerous travelers that rely on 511 for their daily commute, this contract win represents a tremendous affirmation of the capabilities and quality of our advanced 511 platform." About the Metropolitan Transportation Commission The Metropolitan Transportation Commission (MTC) is the transportation planning, coordinating and financing agency for the nine-county San Francisco Bay Area. For more information, visit www.mtc.ca.gov. About Iteris, Inc. Iteris, Inc. (NYSE MKT: ITI) is a leader in providing information solutions to the transportation and agriculture markets. The company is focused on providing information and guidance to practitioners in these markets to improve their effectiveness and efficiency. By combining its expertise, unique IP, and information infrastructure in a suite of products and services, Iteris offers a broad range of solutions to both domestic US and international customers. The firm is headquartered in Santa Ana, California, with offices throughout the US and in selected foreign countries. For more information, please visit www.iteris.com or call 1-888-329-4483. Also visit us on Facebook, Twitter, LinkedIn, and YouTube. Iteris, Inc. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 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 timing, success, and benefits of the project and the performance, functionality and utility of our 511 system. 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 successfully complete each phase of the project; government funding and budgetary issues, and potential related funding delays; and the impact of general economic, political, and other conditions in the markets we address, and the potential impact of product and service offerings from competitors and such competitors' patent coverage and claims. 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 (News - Alert) filings that are available through the SEC's website (www.sec.gov).
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