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

  • Fleet management systems ‘will reach 12 million units in the Americas by 2018’
    October 3, 2014
    According to a new research report from analyst firm Berg Insight, the number of active fleet management systems deployed in commercial vehicle fleets in North America was four million in Q4-2013. Growing at a compound annual growth rate (CAGR) of 15.3 per cent, this number is expected to reach 8.1 million by 2018. In Latin America, the number of active fleet management systems is expected to increase from 1.9 million in Q4-2013, growing at a CAGR of 16.1 per cent to reach 3.9 million in 2018. The top t
    Read More
  • Future-proofing transportation with a one-stop optical network solution
    July 20, 2021
    Huawei is helping transportation customers leverage optical transmission networks to optimise their communications and ensure business survival in the fast-changing worlds of road, rail, aviation, maritime and logistics
    Read More
  • Q-Free steers Skiffington to traffic
    November 29, 2022
    Senior exec takes global traffic management role with focus on 'disruptive technology'
    Read More
  • Modelling MaaS and making it happen
    June 15, 2017
    Colin Sowman looks at some of the emerging technology being introduced to evaluate and operate Mobility as a Service. The fast-growing interest in Mobility-as-a-Service (MaaS) has prompted the creation of a host of software systems for those wanting to become a MaaS provider or participate in MaaS offerings. Most recently, at ITS International’s MaaS Market conference, Portuguese company Brisa Innovation announced a name change to A-to-Be to reflect its increasing involvement in the MaaS sector with the lau
    Read More

Highlighted Content