Company Announcements

The solution will transform arterial congestion management by identifying where signal performance is compromised without reliance on infrastructure

AUSTIN, Texas--(BUSINESS WIRE)--Mar. 26, 2024-- Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology ecosystem for smart mobility infrastructure management, today announced the launch of ClearGuide® Signal Trends, a new probe data-based solution for improving signal performance.

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Iteris Launches New ClearGuide Signal Trends as a Probe-based Option for Improving Intersection Performance (Photo: Business Wire)

Signal Trends complements Iteris’ industry-leading detection and traffic analytics software by enabling agencies to enhance performance at the intersection level without the need for equipment connectivity. The solution is designed to help agencies easily identify maintenance and congestion problems at more intersections, including where they do not yet have traffic sensors or communications infrastructure.

The new solution within ClearGuide provides signal performance data and visualization by region or sub-region, notifies operators of abnormal conditions promptly, eliminates the need for traffic counting studies, and helps agencies better prioritize signal retiming with a data-driven, rather than calendar-based, approach to retiming.

Signal Trends leverages anonymized trajectory data from cloud-connected vehicles to identify whenand where there are signal performance issues and how they have changed over time. This enables agencies to make timely adjustments to reduce delays and improve traveler satisfaction.

Signal Trends integrates seamlessly with ClearGuide Roadways, ClearGuide Safety, and ClearGuide SPM. Together these comprehensive diagnostic solutions generate reports, alerts, and recommendations to improve the safety and efficiency of traffic signals and arterials in one user interface. Only Iteris offers both probe Signal Performance Measure (SPM) and Automated Traffic Signal Performance Measure (ATSPM) solutions.

ClearGuide Signal Trends is available to any agency in the United States as a standalone solution, or as a valuable addition to the existing ClearGuide solutions in use today.

“The addition of Signal Trends to the ClearGuide platform allows our customers to instantly see which intersections need attention, across their entire network, so they can prioritize staff time and investments,” said Tiffany Symes, senior director of product management at Iteris. “With Signal Trends, Iteris continues to expand its intersection offerings—that includes vision and radar sensors, connected vehicle technology, curated mobility data, and advanced analytics—to create the industry’s most complete solution for intersection operations, maintenance, and safety.”

The ClearGuide solution is a key component of Iteris’ ClearMobility® Platform, the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient and communities thrive.

About Iteris, Inc.

Iteris is the world’s trusted technology ecosystem for smart mobility infrastructure management. Delivered through Iteris’ ClearMobility® Platform, our AI-powered end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world, and help bridge legacy technology silos to unlock the future of transportation. That’s why more than 10,000 public agencies and private-sector enterprises focused on mobility rely on Iteris every day. Visit www.iteris.com for more information, and join the conversation on Twitter, LinkedIn and Facebook.

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," “feels,” "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “could,” “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 benefits and impacts of our ClearGuide solution. 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 provide our services and solutions in a cost-efficient manner; government funding and budgetary delays, issues and timing; the potential impact of product and service offerings from competitors and other competitive pressures; challenges in the development of software-based solutions generally; and the impact of influences and general economic, political, environment, and other 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).

View source version on businesswire.com: https://www.businesswire.com/news/home/20240326489358/en/

Media Contact
Breanna Wallace
Tel: (949) 996-5348
Email: brwallace@iteris.com

Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
Email: todd@mkrir.com

Source: Iteris, Inc.