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 Urban Traffic Control

Related Content

  • March 30, 2020
    San Diego: Let there be (street)light
    The influence of intelligent streetlights is spreading. David Crawford finds that San Diego’s deployment – and attendant legislation – may offer a blueprint for other cities going forward
    Read More
  • February 3, 2012
    Pioneering new passenger information systems
    Chicago pioneers new passenger information initiatives. By David Crawford
    Read More
  • July 7, 2017
    Missouri’s smart solution for rural road monitoring
    David Crawford sees how Missouri is using commercially available information to rapidly improve monitoring and driver information on rural highways. Missouri is a predominantly rural state with the second largest number of farms in the country and agriculture the main occupation in 97 of its 114 counties. US statistics starkly reveal how road accidents in rural areas tend to be more serious than in urban regions and of the 32,000 US motorists killed each year, 54% die on roads in rural areas even though onl
    Read More
  • March 16, 2015
    Report analyses multiple ITS projects to highlight cost and benefits
    Every year in America cost benefit analysis is carried out on dozens of ITS installations and pilot studies and the findings, along with the lessons learned, are entered into the Department of Transportation’s (USDOT’s) web-based ITS Knowledge Resources database. This database holds more than 1,600 reports and periodically the USDOT reviews the material on file to draw conclusions from this wider body of evidence. It has just published one such review ITS Benefits, Costs, and Lessons Learned: 2014 Update Re
    Read More

Highlighted Content