GeoAgro to Deploy Iteris ClearAg on Two Continents
December 15 2016 - 8:30AM
Business Wire
Argentinian Agronomic GIS Provider Licenses
ClearAg Digital Farming Platform for Use in Six Countries
Iteris, Inc. (NASDAQ: ITI), the global leader in applied
informatics for transportation and agriculture, today announced
that GeoAgro, a pioneer in agronomic geographic information systems
(GIS), has selected ClearAg web and mobile applications for
deployment in Argentina, Brazil and South Africa, and potentially
later in other Latin American and African countries. GeoAgro is
entering into a subscription agreement with Iteris. Under the terms
of the agreement, the Argentinian-company will embed ClearAg into
its solution and, then, distribute the integrated solution
throughout GeoAgro’s partner ecosystem in Latin America and
Africa.
“The global, agronomic, climatological and land surface modeling
data available within the ClearAg digital farming platform
perfectly complements our crop monitoring and zone management
approach to precision agriculture,” said Ed Di Pollina, Director
and Co-Founder at GeoAgro. “We support a wide network of agronomic
partners who provide solutions adapted to regions throughout the
southern hemisphere, many of whom will benefit from the improved
operational efficiency and profitability.”
GeoAgro is an Argentina-based company whose goal is to develop
solutions that combine software tools, maps and implementation
support to help the farming community improve operational
efficiency and profitability. GeoAgro’s precision technology
platform integrates programs that record and organize farm
information via GPS for past, present and future analysis.
“Food, fiber and fuel are essential elements for civilization,
and we’ve come a long way in the agronomic, climatological and
computer sciences to sustain production of those elements in the
near-term,” said Tom Blair, senior vice president at Iteris. “But
to drive future innovation and pave the way for long-term
sustainability in global agriculture, we must bring together the
best minds and technologies around the world to identify new
approaches to improving productivity and reducing waste. We are
delighted that GeoAgro has chosen to purchase, integrate and deploy
ClearAg in South America and Africa, helping to expand ClearAg’s
international footprint.”
ClearAg is a leading digital agriculture platform that delivers
weather, water, soil and crop health data and advisory services to
growers, researchers and other agribusinesses that need accurate,
location-based information available on a worldwide basis. Iteris
is the only environmental content and agronomic analytics company
to apply Land Surface Modeling (LSM) technology to agronomic
problems.
About Iteris, Inc.
Iteris is the global leader in applied informatics for
transportation and agriculture, turning big data into big
breakthrough solutions. We collect, aggregate and analyze data on
traffic, roads, weather, water, soil and crops to generate precise
informatics that lead to safer transportation and smarter farming.
Municipalities, government agencies, crop science companies,
farmers and agronomists around the world use our solutions to make
roads safer and travel more efficient, as well as farmlands more
sustainable, healthy and productive. Visit www.iteris.com for more
information.
Iteris Forward-Looking Statements
This release contains 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 anticipated results and
benefits of our agreement and future success, capabilities and
benefits of our ClearAg products and related 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 successfully integrate and
deliver our ClearAg solution on a timely and cost-efficient basis,
ability of our customer to apply and implement our ClearAg
applications leveraging agronomic, climatological and land surface
modeling data to compliment and improve efficiency of customer’s
crop monitoring and zone management approach to precision
agriculture, the future adoption of technology based analytics
solutions in the agriculture market, the challenges in the
development of software-based solutions generally, customer’s
dedication of resources and ability to achieve market acceptance
for its own products, and the potential impact of product and
service offerings from competitors and such competitors’ patent
coverage and claims. 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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IterisPressCindy Vuong,
949-270-9696ctv@iteris.comorInvestorsTodd Kehrli,
323-468-2300iti@mkr-group.com
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