Published:
150,000th Iteris Sensor Hits the Road
SANTA ANA, Calif. - (BUSINESS WIRE) - Iteris, Inc. (NYSE Amex: ITI), a leader in the traffic management market
that focuses on the application and development of advanced
technologies, today announced that the Company has shipped over 150,000
machine-vision sensors to public and private sector clients worldwide.
Iteris' sensors have been deployed throughout the United States, Asia,
Latin America, Europe, and the Middle East.
Iteris' proven video-analytics technology, consisting of sophisticated
algorithms, software, and special purpose hardware, create leading
products that collect, process, and analyze real-time video images to
help reduce traffic congestion and enhance driver safety. Iteris'
advanced image processing technology is used in the Company's Vantage
product line to detect vehicle presence, count, speed, occupancy, and
other traffic data used in traffic management systems. It is also used
in Iteris' AutoVue Lane Departure Warning system, which recognizes the
difference between the road and lane markings, and warns motorists if
they are inadvertently drifting out of their lane.
"Iteris is a pioneer in the industry, utilizing machine-vision
technology to help improve the mobility and safety of our surface
transportation systems. With this milestone, Iteris has demonstrated our
leadership in delivering proven, leading-edge technologies that improve
the quality of life on a global scale," said Mr. Abbas Mohaddes,
president and chief executive officer of Iteris. "We are extremely
pleased with the adoption of our technologies and anticipate that they
will directly contribute to the ongoing advancement of traffic
management systems and vehicle safety worldwide."
About Iteris, Inc.
Iteris, Inc. is a leader in the traffic management market focused on the
development and application of advanced technologies that reduce traffic
congestion, minimize the environmental impact of traffic congestion, and
improve the safety of surface transportation systems infrastructure.
Combining outdoor image processing, traffic engineering, and information
technology, Iteris offers a broad range of Intelligent Transportation
Systems and driver safety solutions to customers worldwide. Iteris is
headquartered in Santa Ana, California, with offices throughout North
America, Europe, and Asia. Investors are encouraged to contact us at
888-329-4483, or at www.iteris.com.
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," "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 performance, acceptance and expected benefits of our
technology including our Vantage and AutoVue Lane Departure Warning
Systems, our market opportunities both domestically and abroad and our
strategies and our future prospects. These statements are subject to
change and we undertake no obligation to revise or update publicly any
forward-looking statements for any reason. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict. Therefore,
our 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 the market acceptance of our technologies and of the products
that incorporate our technologies, commercial vehicle and automotive
production schedules and agendas; the timing and successful completion
of customer qualification of our products and the risks of
non-qualification; market acceptance of our LDW system and the vehicles
that incorporate our systems; our ability to specify, develop, complete,
introduce, market and transition our products and technologies to volume
production in a timely manner; the potential unforeseen impact of
product offerings from competitors and other competitive pressures; and
the general economic and political conditions and specific conditions in
the markets we address, including the general economic slowdown and
volatility in the automotive sector. 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 Investor Relations
Brett Maas, 646-536-7331
brett@haydenir.com
or
Iteris
Trade Relations
Kelly May, 949-270-9668
ksm@iteris.com
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