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

  • October 18, 2016
    Sharjah Police record 500 per cent increase in heavy vehicle traffic violations
    The Traffic and Patrol Department of Sharjah Police has successfully increased road safety since the beginning of last year by utilising technologies new to the United Arab Emirates, designed to manage truck and heavy vehicle movements in the emirate - the highlight of their recent submission in to the Gulf Traffic Awards taking place at the Dubai World Trade Centre on 13-15 November. Issues with heavy vehicles passing through the city without permits and other restricted zones have been a recurring pro
    Read More
  • April 19, 2012
    Iteris releases VantageView 2.0
    Iteris has released a major upgrade to its leading video detection management software. VantageView 2.0 provides enhanced data collection and graphical display, including vehicle counts, speed, and occupancy, as well as multi-video viewing capabilities from a web-based application. This intelligence is essential for traffic engineers and planners seeking to maximise efficiency of traffic flow. VantageView is an integrated software platform that enables traffic managers to monitor video feeds from Iteris’
    Read More
  • March 22, 2012
    Decline in global shipments of PNDs
    According to a new research report from the analyst firm Berg Insight, global shipments of personal navigation devices (PNDs) declined to about 33 million units in 2011, while the number of subscribers using a turn-by-turn navigation app or service on their handset doubled in 2011 and reached 130 million worldwide. The subscriber base is forecasted to grow at a compound annual growth rate (CAGR) of 21.9 per cent to reach 340 million users worldwide in 2016.
    Read More
  • August 1, 2012
    InfoConnect delivers accurate travel information on all levels
    Deryk Whyte provides an overview of how the New Zealand Transport Agency's InfoConnect concept was developed. Historically, the New Zealand Transport Agency (NZTA) (formerly Transit New Zealand) has faced challenges in communicating effectively with road users, its customers, about highway-related events or incidents in a timely, accurate manner. Prior to 2007, Transit relied on a third-party organisation to collect and disseminate national road condition information. This often resulted in incomplete infor
    Read More

Highlighted Content