Iteris Receives $3.75 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission

Iteris will provide managed services that support 511 traveler information operations region-wide

Iteris, Inc. (NASDAQ:ITI), the world's trusted technology ecosystem for smart mobility infrastructure management, today announced the Metropolitan Transportation Commission (MTC) has awarded Iteris a $3.75 million contract for ongoing operational support in the San Francisco Bay Area.

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Iteris Receives $3.75 Million Contract from San Francisco Bay Area Metropolitan Transportation Commission (Photo: Business Wire)

Iteris has been providing MTC's 511 Traveler Information telephone system since 2016 and this new contract for the 511 SF Bay Interactive Voice Response (IVR) phone system and operations support services continues the partnership for three additional years. Under the terms of the new contract, Iteris will continue to provide the 511 SF Bay phone service as well as operations support services for the nine-county region.

Iteris is also MTC's go-to provider for 511 and Express Lanes operational staffing services, for which it was awarded a four-year, $13.3 million contract extension from the commission last year.

With seven statewide and regional systems implemented across the nation, Iteris is a nationwide leader in traveler information services, which provide essential, up-to-the-minute traffic and incident data to assist travelers in making informed routing decisions.

"We're proud of our successful partnership with the Metropolitan Transportation Commission and very excited to be continuing it," said Dr. Moe Zarean, general manager, mobility operations services at Iteris. "The 511 SF Bay phone system is integral to providing information to the traveling public, and we're committed to delivering the highest level of service to MTC's travelers while continuing to improve operational performance, mobility and sustainability these next three years."

About Iteris, Inc.

Iteris is the world's trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris' ClearMobility® Platform, our AI-powered end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That's why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. 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," "feels," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "could," "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 awarded contract and capabilities and benefits of our services. 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 deliver our services timely and in a cost-efficient manner; government funding and budgetary issues and delays; project performance timing; impact of influences and variances of general economic, political, environment, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors and other competitive pressures. 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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