Iteris Chosen to Support Intelligent Transportation Systems Project in Mérida, Mexico
July 27 2023 - 8:30AM
Business Wire
Iteris selected to modernize public transit in
the Yucatán Capital, as part of USTDA-funded technical
assistance
- USTDA technical assistance project will provide a roadmap
for the deployment of technologies to improve performance,
operations, and safety
- Represents international demand for Iteris’ specialized
consulting services
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced it has been selected to modernize public transit in
Mérida, the capital of the Mexican state of Yucatán, as part of a
United States Trade and Development Agency (USTDA)-funded ITS
modernization project.
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Iteris Chosen to Support Intelligent
Transportation Systems Project in Mérida, Mexico (Photo: Business
Wire)
This technical assistance activity provided by USTDA to the
grantee, Instituto de Movilidad y Desarrollo Urbano Territorial
(IMDUT), is intended to update the bus control and monitoring
center, and advance the transition to electric buses for Mérida’s
public transportation fleet. In this phase of the project, Iteris
will support the selection and deployment of ITS technologies that
will be critical to achieve the project’s objectives.
Iteris is a subconsultant to Nathan Associates, LLC, a trusted
global partner for providing analytic and economic solutions
worldwide, who was awarded the USTDA Mérida ITS Modernization
project. Iteris will be an active part of Nathan’s team as the ITS
expert and will support other members of the team in all aspects of
the project, including assessment of current conditions,
development of ITS technology recommendations, review of potential
technology suppliers in the U.S., and creation of an ITS
implementation plan.
“We are thrilled to have been chosen to support this important
international initiative,” said Moe Zarean, general manager of
mobility operations services at Iteris. “We realize the impact of
this project is critical to improving public transportation in
Mérida by enhancing overall system performance, bus control, and
monitoring operations and safety. We look forward to working
closely with USTDA, IMDUT, Nathan Associates and other stakeholders
to make it successful.”
This project is Iteris’ first international ITS consulting
project funded by USTDA, and one of the first large-scale projects
in Latin America focusing on ITS solutions and bus electrification
as part of modernizing public transportation networks.
About Iteris, Inc.
Iteris is the world’s trusted technology ecosystem for smart
mobility infrastructure management. Delivered through Iteris’
ClearMobility® Platform, our cloud-enabled end-to-end solutions
monitor, visualize and optimize mobility infrastructure around the
world, and help bridge legacy technology silos to unlock the future
of transportation. That’s why more than 10,000 public agencies and
private-sector enterprises focused on mobility rely on Iteris every
day. Visit www.iteris.com for more information, and join the
conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
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," “should,” “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 project and impacts and
benefits of our specialized consulting services. Such statements
are not guarantees of future performance and 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, our ability to provide our services in a
cost-efficient manner; government funding and budgetary delays,
issues and timing; adverse impacts related to performance timing
and cancellation of a project; and the impact of general economic,
political and other 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).
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version on businesswire.com: https://www.businesswire.com/news/home/20230727917485/en/
Media Contact Breanna Wallace Tel: (949) 996-5348 Email:
brwallace@iteris.com
Investor Relations MKR Investor Relations, Inc. Todd
Kehrli Tel: (213) 277-5550 Email: iti@mkr-group.com
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