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Iteris Awarded Contract by Minnesota Department of Transportation for Continued Use of ClearGuide

1. Iteris renews two-year SaaS contract with Minnesota Department of Transportation. 2. ClearGuide enhances traffic operations with real-time data and analytics. 3. The partnership supports MnDOT’s goal for a safe, efficient transport system. 4. ClearGuide has been operational since 2019, demonstrating its effectiveness. 5. Iteris is a leader in smart mobility solutions with global reach.

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Why Bullish?

The contract renewal indicates strong demand for Iteris' services, potentially boosting revenue, similar to previous successful contracts.

How important is it?

The article highlights a significant contract that can drive future revenue and shows market confidence in Iteris' capabilities.

Why Long Term?

Ongoing partnership with MnDOT suggests stability and growth potential, akin to past multi-year agreements leading to sustained revenue increases.

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ITIALMVF
GENEVA, Ill.--(BUSINESS WIRE)--Iteris, Inc., the world’s trusted technology ecosystem for smart mobility infrastructure management and part of Almaviva Group, today announced it has executed a two-year SaaS agreement with the Minnesota Department of Transportation (MnDOT) enabling the state to continue to use ClearGuide® to improve mobility and traffic operations. This agreement demonstrates the agency’s continued confidence in Iteris’ software and services. ClearGuide, which enables the analysis and visualization of traffic data to improve roadway mobility and safety, has been in use by MnDOT since 2019. Under the terms of the two-year contract, MnDOT will continue to have access to powerful ClearGuide features, including bottleneck detection and alerts; dynamic maps to support detailed location specific traffic analysis; tools to help identify and mitigate congestion; animations to analyze events and optimize response plans; historical trend reports and dynamic congestion charts to track improvements, reliability and support planning; traffic data communication to Dynamic Message Signs and much more. ClearGuide is a key component of Iteris’ ClearMobility® Platform, the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive. “We’re happy to be continuing our partnership with the Minnesota Department of Transportation,” said Scott Perley, vice president of program management at Iteris. “With ClearGuide, MnDOT has access to insights for smart, data-driven decisions that will help them in their mission to provide a safe, equitable and sustainable transportation system to the traveling public of Minnesota.” About Iteris, Inc. Iteris, Inc. is a leading provider of smart mobility infrastructure management solutions and part of the Almaviva Group businesses serving the transportation and logistics industry. Iteris’ cloud-enabled solutions help public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers monitor, visualize, and optimize mobility infrastructure to make mobility safe, efficient, and sustainable. As a pioneer in intelligent transportation systems technology, Iteris’ advanced detection sensors, mobility and traffic data, software-as-a-service offerings, and consulting services represent a comprehensive range of mobility infrastructure management solutions that serve customers in North America and around the world. For more information, visit Iteris’ website at www.iteris.com. About Almaviva Group Almaviva, an Italian digital innovation group, supports the country’s growth processes by embracing the challenges that companies must face in order to remain competitive in the digital age, innovating its own business models, organization, corporate culture, and ICT. With solid made-in-Italy expertise, Almaviva has built a global network consisting of 30 companies and 79 offices in Italy and abroad, with a significant presence in LATAM (Brazil, Colombia, Dominican Republic), as well as in the United States, Belgium, Spain, Finland, Saudi Arabia, the United Arab Emirates, Egypt, and Tunisia. For more information visit www.almaviva.it [almaviva.it]

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