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

  • May 17, 2012
    Major growth for fleet management systems in the Americas
    According to a new research report from the analyst firm Berg Insight, the number of fleet management systems deployed in commercial vehicle fleets in North America was 2.1 million in Q4-2010. Growing at a compound annual growth rate (CAGR) of 12.6 per cent, this number is expected to reach 3.8 million by 2015. In Latin America, the number of installed fleet management systems is expected to increase from 0.9 million in Q4-2010, growing at a CAGR of 20.6 per cent to reach 2.3 million in 2015.
    Read More
  • August 21, 2015
    More municipalities opt for Iteris road weather services
    Iteris has expanded its customer base for road weather services and signed agreements with four new municipal customers to provide pavement forecasting, weather alerts, and inclement weather related call-outs using its maintenance decision support system, ClearPath Weather. The new service agreements for the cities of Colorado Springs, Colorado; Bloomington and Ramsey, Minnesota; and Omaha, Nebraska, provide road-level forecasting services for efficient resource management and road maintenance. The munic
    Read More
  • December 18, 2014
    NextBus meets the demand for real-time passenger information
    Cubic Transportation Systems’ subsidiary, NextBus has been awarded three prestigious contracts totalling more than US$4.3 million for its in-demand real-time passenger information systems (RTPI) product suite. The San Francisco Municipal Transportation Agency (SFMTA) has exercised an option with NextBus valued at US$2 million under a contract awarded in 2013. The contract includes the RTPI system that NextBus hosts for Muni as well as maintaining onboard hardware, bus shelter signs and LCDs in subways.
    Read More
  • March 14, 2023
    Watch your step: the sidewalk robots are here
    The way we order and pay for goods has changed radically – but what about how those goods are delivered? Gordon Feller looks at how sidewalk robots might reshape the urban landscape
    Read More

Highlighted Content