Iteris Awarded $2 Million Contract to Provide Traffic Engineering Design Services for Los Angeles County Metropolitan Transportation Authority
Extendable Two-year Agreement Continues to Expand Company’s Multimodal and Urban Transit Integration Initiatives
Project will improve services for over 25,000 daily transit riders across 9.2 miles and 60 signalized intersections in
East San Fernando Valley
Iteris’ commitment to leveraging integrated arterial and transit signal communication technology to improve safety and efficiency in public transit networks nationwide
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Under the terms of the two-year sub-contract agreement, with
“We are proud to be part of the team that will design and implement this groundbreaking project for LA Metro, which involves the integration of urban rail transit within a major arterial corridor in Los Angeles County,” said
This LRT project will include 14 at-grade stations, mostly in the median of
Groundbreaking is scheduled for 2022, which will enable the service to open for operation in time for the 2028 Summer Olympics.
Iteris Forward-Looking Statements
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," “feels,” "expects," "intends," "plans," "seeks," "estimates," "may," “should,” "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 potential up to total value, success, impact, and benefits of the awarded contract. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to successfully perform the services cost effectively; agency funding and budgetary timing, allocations and constraints; potential adverse impacts, such as reduced revenue potential, due to change in scope of work for the project, performance timing and contract cancellation; and the potential impact of product and service offerings from competitors. Further information on
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