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

For more information on companies in this article

Related Content

  • Smart cars, smart roads seen as boosting safety
    August 29, 2014
    A new America THINKS survey from national infrastructure solutions firm HNTB Corporation, finds Americans craving more technology to keep them safe and informed when they hit the road. And many Americans would be willing to part with more cash to implement a connected vehicle system, which would allow drivers to be notified about road conditions and potential dangers electronically in real-time. In fact, nearly two-thirds of Americans think using transportation technology that keeps drivers informed is m
    Read More
  • Alstom wins new Kochi metro line contracts
    January 23, 2015
    Alstom has been awarded two contracts worth over US$73 million by Delhi Metro Rail Corporation (DMRC) to supply signalling, telecom and electrification solutions for the new Kochi metro line. The projects will be implemented in early 2016 and commercial service is scheduled to begin in March 2016. The contracts include 25 Alstom Metropolis trains which will circulate on the new Kochi metro line which is 25 kilometres long and includes 22 stations. These trains will carry up to 15,000 passengers per hour
    Read More
  • Additional accuracy enhances ITS options
    March 19, 2015
    High accuracy and reliability of GNSS location data is available using the EGNOS services to be ready for Galileo’s expanding satellite constellation. Global navigation satellite systems (GNSS) are increasingly a building block for ITS applications from road user charging and E-call to tracking & tracing of freight. Even while the European Space Agency is still assembling the Galileo constellation, EGNOS (the European Geostationary Navigation Overlay Service) is already providing the basis of a range of ser
    Read More
  • Data collection becoming a crowded market
    October 26, 2017
    New ways of gathering data can revolutionise traffic and travel management, so is the writing on the wall for the traditional methods? Jon Masters reports. There are two big industries that stand to be revolutionised by massive increases in data – healthcare and transportation, says Finlay Clarke, the UK managing director of the smartphone sat nav traffic app, Waze. “At present we’re really only at the start of how cities, in particular, will be transformed,” he says.
    Read More

Highlighted Content