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

  • April 5, 2012
    Iteris wins contract for National ITS Architecture Evolution and Support
    Iteris has been awarded the prime contract from the US Research and Innovative Technology Administration (RITA) for the National Intelligent Transportation Systems (ITS) Architecture Evolution and Support programme, with a value of up to US$12.4 million over a five-year period. Over the last fifteen years, Iteris has provided the US federal government support in developing the National ITS Architecture and facilitating its implementation across the country. This task order-based contract, which is expected
    Read More
  • January 17, 2013
    Iteris to upgrade South Carolina 511 traveller information services
    Iteris, US-based intelligent traffic management information solutions provider is to upgrade and operate the South Carolina Department of Transportation (SCDOT) next generation 511 Traveler Information System. The company has been awarded a three-year contract, valued at approximately US$2.5 million, including two one-year options for ongoing operation and maintenance. Work on the project is planned to begin immediately. A component of the award includes IterisPeMS (iPeMS), a state-of-the-art system that a
    Read More
  • September 8, 2022
    Iteris has data plan for Virginia
    VDoT wants firm to provide a plan on how to integrate outside C/AV data into operations
    Read More
  • August 9, 2013
    Iteris enhances travel time system
    Iteris has upgraded its Vantage detection solutions with Vantage Velocity 2.0, which includes several enhancements to its Bluetooth-based travel time system. Vantage Velocity, Iteris’ Bluetooth-based travel time system, employs sensors installed at defined segments along the road to capture the identity of passing Bluetooth-enabled devices. Utilising advanced algorithms, the host software analyses the matches between sensors to create accurate real-time speed and travel time data on freeways and arterial ro
    Read More

Highlighted Content