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

1. Iteris signed a two-year SaaS agreement with MnDOT for ClearGuide usage. 2. ClearGuide aids in traffic data analysis to enhance mobility and safety. 3. MnDOT has utilized ClearGuide since 2019, showing its sustained trust in Iteris. 4. The contract includes advanced traffic features for better congestion management. 5. ClearGuide is integral to Iteris' ClearMobility platform, promoting data-driven decisions.

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0%Current Return
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+1.08%S&P 500
$7.1902/05 10:32 AM EDTEvent Start
$7.1902/06 05:11 PM EDTLatest Updated
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FAQ

Why Bullish?

Repeat business with MnDOT reinforces Iteris' market position and reliability. Past contracts have boosted confidence in similar firms.

How important is it?

The contract with MnDOT significantly affects Iteris' revenue and market perception. Such agreements typically indicate confidence in the company's future earnings potential.

Why Long Term?

Ongoing partnerships often lead to future opportunities and expansion. Historical growth in public sector contracts usually enhances long-term stability.

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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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