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

  • November 3, 2015
    Cubic Transportation Systems re-enters tolling market
    Cubic Transportation Systems is to deliver a new back office for the New Hampshire Department of Transportation (NHDOT) E-ZPass system. The US$52 million, 5.5 year contract system marks Cubic’s re-entry to the tolling market and will deliver E-ZPass billing, collection, enforcement and customer service operations including a redesigned website and a new mobile app for NHDOT customers. Cubic has commenced the design, testing, installation and maintenance services with the new system expected to go li
    Read More
  • June 2, 2015
    Iteris adds MAP21 to performance measurement software
    Iteris has announced it has added MAP-21 (Moving Ahead for Progress in the 21st Century) features to the robust iPeMS performance measurement software platform, designed to help agencies meet forthcoming performance reporting requirements of the transportation legislation. The module supports the National Performance Management Research Data Set (NPMRDS) that is provided free to states and Metropolitan Planning Organisations (MPOs). Iteris’ iPeMS platform provides cloud-based hosting of processed NPMRDS
    Read More
  • December 8, 2020
    Iteris snaps up TrafficCast for $16m 
    Acquisition's software is expected to enhance Iteris’ ClearMobility platform 
    Read More
  • July 11, 2012
    Good news for the ITS industry from new $105 billion US transportation reauthorisation bill
    ITS America has applauded approval by the US House of Representatives and the US Senate of the conference report to HR 4348, (here’s the link Joseph: http://www.rules.house.gov/Media/file/PDF_112_2/LegislativeText/CRPT-112hrpt-HR4348ih.pdf ) a legislative package which includes the surface transportation reauthoriSation bill. The bill passed the House by a wide margin of 373 – 52, was subsequently approved by the Senate by a 74-19 vote, and the legislation has been signed by the President. The legislation w
    Read More

Highlighted Content