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Iteris Partners with National Renewable Energy Lab for Department of Energy-Funded Initiative

1. Iteris partners with DOE’s NREL for traffic signal energy metrics project. 2. Project aims to optimize signal timing and reduce vehicle energy consumption. 3. Traffic signals account for 19% of congestion; optimization improves air quality. 4. Iteris integrates innovative energy metrics to enhance transportation sustainability. 5. Collaboration strengthens Iteris’ position in smart mobility infrastructure management.

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FAQ

Why Bullish?

The partnership with DOE signals growth potential, similar to past collaborations boosting stock prices.

How important is it?

The project is significant for Iteris’ growth in energy-efficient solutions.

Why Long Term?

As sustainable infrastructure becomes vital, Iteris could see sustained demand.

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DOENRELITIITT
FAIRFAX, Va.--(BUSINESS WIRE)--Iteris, Inc., the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced that it is partnering with the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) on a project focused on energy metrics in traffic signal performance measures. The project, which is funded through the DOE’s Technology Commercialization Fund, aims to identify and grow energy and emissions metrics within the traffic signal operations community. It will embed the term “excessive energy” into standard Automated Traffic Signal Performance Measures (ATSPMs), strengthening the tie between infrastructure operations such as signal timing, and automobile energy expenditures such as gasoline, diesel, and battery electric, along with their associated emissions. Traffic signals contribute to about 19% of all congestion, with optimization offering significant improvements. When these improvements are made, the traveling public is not only able to move quicker and more efficiently, but also more sustainably, saving the traveling public money and improving air quality though reduced pollution. Iteris is the only provider combining infrastructure based ATSPM and connected vehicle based ATSPM. The combination provides a rich, nationwide data set as well as ground truth validation. By collaborating with the NREL, Iteris will integrate NREL’s leading energy and environmental measurements into traffic signal metrics (ATSPM-E) to improve transportation sustainability through energy optimized signal timing. “We’re honored to work with NREL and DOE on this important sustainability initiative,” said Masoud Hamedi, director of data science and analytics at Iteris. “With traffic signal performance measures and optimization being one of our strongest areas of expertise and environmental stewardship being a focus of ours, it makes perfect sense to be at the forefront of integrating energy metrics in this novel approach.” 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 the United States and internationally. 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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