Company Website:
http://www.iteris.com
SANTA ANA, Calif. -- (Business Wire)
Iteris,
Inc. (NYSE MKT: ITI), a leader in providing intelligent traffic
management information solutions, has launched SmartSpanTM as
a new product addition to its Vantage®
video detection product suite. Using proprietary Dynamic Zone
Stabilization (DZS) algorithms, SmartSpan provides accurate and cost
effective advance detection and stop-bar detection of vehicles at
intersections equipped with span wire mounted signal lights.
The new solution addresses the unmet needs of many traffic management
agencies that have not been able to cost-effectively deploy video
vehicle detection. This has traditionally required stable camera mounts
that are only possible with rigid traffic signal mast arms; however,
SmartSpan can be mounted on the same span wires holding the traffic
signal without sacrificing detection accuracy.
“SmartSpan finally provides traffic engineers a seamless way to combine
the benefits of video vehicle detection, traffic data collection, and
intersection surveillance for span wire equipped intersections,” said Abbas
Mohaddes, president and CEO of Iteris. “This product also creates a
new sales opportunity for us to provide video detection to an additional
55,000 signalized intersections – primarily in Eastern and Southern U.S.
states – where span wire intersections are routinely installed. Further,
using our proprietary DZS algorithms, we can provide video detection in
locations that are subject to high winds or vibration which can result
in unwanted camera movement.”
SmartSpan builds on Iteris’ proven Vantage video vehicle detection
technology that has been deployed throughout North America, Latin
America, Europe, Asia, and the Middle East. Iteris is the market leader
with more than 100,000 video detection sensors operational worldwide. A
global network of exclusive distributors and direct sales offices
provide local technical support and training. SmartSpanis
available for immediate purchase and implementation.
About Iteris, Inc.
Iteris, Inc. is a leader in providing intelligent information solutions
to the traffic management market. The company is focused on the
development and application of advanced technologies and software-based
information systems that reduce traffic congestion, provide measurement,
management, and predictive traffic analytics, and improve the safety of
surface transportation systems. By combining its patented products,
decades of expertise in traffic management, and information
technologies, Iteris offers a broad range of Intelligent Transportation
System ("ITS") solutions to customers worldwide. The firm is
headquartered in Santa Ana, California with offices nationwide and in
the Middle East. For more information, please call +1.888.329.4483 or
visit www.iteris.com.
Also visit us on Facebook,Twitter,
and You
Tube.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
This release may contain 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,"
“should,” “could,” "may," "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 expected benefits of SmartSpan technology and the Iteris
Vantage® video detection system.
Important factors that may cause such a difference include, but are not
limited to the market acceptance of our technologies, including
SmartSpan and Vantage, and the solutions that incorporate our
technologies; The timing and successful completion of customer
qualification of our products and the risks of non-qualification; market
acceptance of our SmartSpan system; our ability to specify, develop,
complete, introduce, market, and transition our products and
technologies to volume production in a timely manner; the potential
unforeseen impact of product offerings from competitors and other
competitive pressures; and the general economic and political conditions
and specific conditions in the markets we address. 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).
Contacts:
Investor Relations:
Liolios Group, Inc.
Scott Liolios
or Cody Slach
Tel 1-949-574-3860
ITI@liolios.com
Source: Iteris, Inc.