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Iteris Selected to Provide Transportation Design and Operations Training for the National Highway Institute

^{Published on 2008-12-11 09:50:56 - Market Wire}
 

SANTA ANA, Calif.--([ BUSINESS WIRE ])--Iteris, Inc. (AMEX:ITI), a leader in the traffic management market that focuses on the application and development of advanced technologies, announced today that it has been selected as a contractor by the National Highway Institute (NHI), the training arm of the Federal Highway Administration (FHWA), to develop and deliver transportation design and operations training for an additional five years.

Under the multiple year IDIQ (Indefinite Delivery, Indefinite Quantity) contract, valued at up to $3.2 million, Iteris will lead a team of instructors and training professionals to compete for task orders to develop, revise, promote, and present training courses. To meet the current challenges of effectively training transportation professionals, training may be delivered via traditional classroom, distance learning, web-based and/or computer-based self-teaching, and video conferencing.

"It is an honor for Iteris to be a part of such a successful program; one that helps train transportation professionals who are essential for supporting our nation's infrastructure," said Abbas Mohaddes, Iteris' president and chief executive officer. "Iteris has been a leader in this field and is very pleased that we can continue providing our training services to FHWA."

Established by Congress in 1970, the goal of the NHI is to transfer knowledge quickly and effectively in providing training that addresses the full life cycle of the highway transportation system to and among transportation professionals. Iteris and its team members bring vast, relevant experience to assist NHI in meeting its goal.

About Iteris, Inc.

Iteris, Inc. is a leader in the traffic management market focused on the development and application of advanced technologies that reduce traffic congestion, minimize the environmental impact of traffic congestion, and improve the safety of surface transportation systems infrastructure. Combining outdoor image processing, traffic engineering, and information technology, Iteris offers a broad range of Intelligent Transportation Systems and driver safety solutions to customers worldwide. Iteris is headquartered in Santa Ana, California, with offices throughout the United States, Europe, and Asia. Investors are encouraged to contact us at 888-329-4483, or at [ www.iteris.com ].

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," "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 success and timing of this project and our future prospects.

Important factors that may cause such a difference include, but are not limited to our ability to specify, develop, and complete our technologies in a timely manner; budget constraints and changing governmental priorities; the timing and successful completion of this contract; the potential unforeseen impact of product offerings from competitors and other competitive or governmental 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 ]).