|By Business Wire||
|December 19, 2013 08:30 AM EST||
Iteris, Inc. (NYSE MKT: ITI), a leader in providing intelligent traffic management information solutions, was one of three firms selected for a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract for Traffic Design and Operations Training Services, from the Federal Highway Administration (FHWA). The FHWA has budgeted a ceiling of $17.7 million for the five-year training program.
Through the IDIQ contract, fixed price task orders will be issued for the development, update and delivery of instructor-led and distance learning courses covering transportation operations. The National Highway Institute (NHI) plays a vital role in the FHWA’s effort to provide education and training in transportation management, including topics such as highway and bridge planning, engineering, safety, design, relocation, acquisition, construction, maintenance, contract administration, quality control, inspection activities and environmental adherence. The instructional courses are provided for federal, state and local highway and transportation agencies located within the United States.
“Our selection by NHI for this prestigious IDIQ contract reflects our continued leadership in the transportation industry and we truly appreciate the confidence afforded to us by FHWA,” said Abbas Mohaddes, president and CEO of Iteris. “We have a tremendous track record of developing and conducting training courses that utilize advanced learning and instructional system design techniques. After several years of supporting both FHWA and NHI highway safety and traffic operations training programs, we believe Iteris has developed an excellent approach in methods and practices to deliver information that is applicable and readily available to practitioners.”
To explore typical courses currently being offered or under development, course objectives and target audiences, visit the NHI website at http://www.nhi.fhwa.dot.gov/.
About Iteris, Inc.
Iteris, Inc. is a leader in providing intelligent information solutions to the traffic management market. The company is focused on the development and application of advanced technologies and software-based information systems that reduce traffic congestion, provide measurement, management, and predictive traffic analytics, and improve the safety of surface transportation systems. By combining its unique IP, products, decades of expertise in traffic management, and information technologies, Iteris offers a broad range of Intelligent Transportation System (ITS) solutions to customers in the US and internationally. The firm is headquartered in Santa Ana, California, with offices nationwide and in the Middle East. For more information, please call 1-888-329-4483 or visit www.iteris.com. Also visit the company on Facebook, Twitter, and You Tube.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," "will," “can,” and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the success and timing of this contract, actual allocations to Iteris under the IDIQ contract, and such contract’s on our future prospects. Such statements are subject to certain risks, uncertainties, and assumptions that are difficult to predict and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to the timing and successful completion of each phase of the project by the Company and the other providers under the IDIQ contract, including the design, equipment procurement, deployment, and on-going operation and maintenance; budget constraints and changing governmental priorities; the potential unforeseen impact of product and service offerings from competitors and other competitive or governmental pressures; general economic and political conditions; and the specific conditions in the markets we address. Further information on Iteris, Inc., including additional risk factors that may affect our forward looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC's website (www.sec.gov).