Iteris contract wins boost order backlog

Iteris has added approximately US$24 million in new signed contracts in the last three months, reaching a company record US$52 million in backlog for its transportation systems business division, representing an approximate 60 per cent increase from this point in time one year ago. These contracts broaden the firm’s transportation management and connectivity services providing additional software and hardware solutions; services include commercial vehicle operations (CVO), transit, performance monitoring, t
January 7, 2016 Read time: 2 mins
73 Iteris has added approximately US$24 million in new signed contracts in the last three months, reaching a company record US$52 million in backlog for its transportation systems business division, representing an approximate 60 per cent increase from this point in time one year ago. These contracts broaden the firm’s transportation management and connectivity services providing additional software and hardware solutions; services include commercial vehicle operations (CVO), transit, performance monitoring, traveller information, and operations services.

The company is also supporting the 324 US Department of Transportation (USDOT) in the development of the connected vehicles architecture.

“Iteris continues to utilise a customer-centric focus to grow in newer verticals, as demonstrated by these numerous contracts,” said Ramin Massoumi, senior vice president and general manager of Iteris’ Transportation Systems division. “This increased backlog is a positive indicator of our fiscal 2017 financial performance and our ability to provide a suite of first-rate mobility solution; further, it provides an immediate recurring revenue source in a number of strategic market segments.”

Location Based Systems UTC

Related Content

  • December 22, 2016
    Growth of embedded car OEM telematics subscribers
    According to a new research report by Berg Insight, the number of telematics service subscribers using embedded systems will grow at a compound annual growth rate (CAGR) of 36.4 per cent from 26.5 million subscribers at the end of 2015 to 170.2 million subscribers at the end of 2021. In addition, Berg Insight forecasts that shipments of embedded car OEM telematics systems worldwide will grow from almost 13.8 million units in 2015 at a CAGR of over 25.1 per cent to reach 52.8 million units in 2021. In Eur
    Read More
  • February 2, 2012
    Communications for cooperative infrastructures and safety
    Scott Andrews of Cogenia Partners, LLC details the findings of the VII Proof Of Concept work carried out to verify the effectiveness of 5.9GHz-based communication for future US cooperative infrastructures
    Read More
  • August 2, 2012
    Tracy Marks appointed as president of TransCore ITS
    TransCore ITS has announced that Tracy Marks has been named as president, succeeding John Simler. Marks joined the company in 1993 and most recently served as senior vice president of both the Southern US and international regions. In addition, he has been general manager of United Toll Systems, a growing product division within TransCore ITS.
    Read More
  • May 1, 2015
    Iteris demonstrates major presence in transportation management
    Iteris has a major presence at this year’s ITS America Annual meeting as the company continues finding traction for its suite of transportation management solutions that measure, manage and inform users. The company’s participation will kick off on Sunday, May 31 with the Iteris-sponsored bicycle tour of downtown Pittsburgh which will pass through an intersection where the firm’s enhanced bicycle detection algorithm in the latest version of its award-winning SmartCycle innovation will be on display.
    Read More

Highlighted Content