AUSTIN - Iteris , Inc. (NASDAQ: NASDAQ:ITI), a trusted provider of smart mobility infrastructure management technology, has been awarded a five-year indefinite delivery/indefinite quantity (IDIQ) contract by the Texas Department of Transportation (TxDOT) San Antonio District valued at up to $3 million.
The contract, announced today, aims to reduce traffic congestion, improve safety, and increase sustainability across a twelve-county area in the San Antonio District.
This new contract marks Iteris's third IDIQ agreement with the TxDOT San Antonio District over the past six years, totaling $8 million in value. The company will focus on developing construction level plans, specifications, and estimates, as well as deploying various smart mobility solutions.
These include wireless or fiber communications, closed circuit television cameras, dynamic message signs, vehicle detection systems, wrong-way driver systems, and low water crossing systems. Additionally, Iteris will provide infrastructure support, traffic signal design, traffic signal operations support, and signal timing.
The collaboration with TxDOT highlights Iteris's continued role in the Texas market, which has awarded the company six major contracts in the last six years. Cliff Heise, regional vice president of mobility professional services at Iteris, expressed the company's pride in being selected again by TxDOT and its commitment to enhancing transportation infrastructure in the region.
Iteris is known for its ClearMobility® Platform, which delivers cloud-enabled end-to-end solutions to monitor, visualize, and optimize mobility infrastructure. The company serves over 10,000 public agencies and private-sector enterprises focused on mobility.
The information regarding the contract and Iteris's services is based on a press release statement. The forward-looking statements in the release are subject to various factors, including the company's ability to deliver services cost-effectively and the impact of economic and political conditions on the markets it serves.
Additional details about the risks and uncertainties that could affect Iteris's forward-looking statements are available in its SEC filings.
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