Iteris Selected on Team to Operate Virginia's Transportation Operations Centers

Iteris Selected on Team to Operate Virginia's Transportation Operations Centers

- Iteris' Traffic Operations and Engineering Services Provided Under the Six-Year Contract Could Exceed $12.6 Million -

SANTA ANA, Calif.--(BUSINESS WIRE)-- Iteris, Inc. (NYSE MKT: ITI), a leader in providing intelligent information solutions to the traffic management market, was selected as part of a world-class team to operate, integrate, and provide innovative solutions for Virginia Department of Transportation's (VDOT) five traffic operations centers.

Iteris was chosen as a sub-contractor by Serco to provide traffic operators at two of VDOT's five traffic centers and general engineering services as requested by Serco. The centers monitor traffic conditions via cameras and other technology, allowing them to provide traveler information on road conditions, manage congestion, and coordinate incident response.

Iteris could generate more than $12.6 million in revenue over the six-year term of the engagement. It values the contract's operational component at $6.6 million, with the general engineering services piece to potentially provide an additional $6.0 million to $8.0 million. Traffic operations services are expected to begin during the fourth calendar quarter of 2013.

"The Commonwealth of Virginia sought innovation from around the country to deliver the best technology solutions to maximize our transportation system," said Robert McDonnell, Governor of Virginia, in a statement announcing the new program. "Virginia is a leader among state departments of transportation in providing real-time traffic information to motorists, and we wanted to build on that reputation. We will use technology more effectively to better manage congestion, freight movement, incidents, severe weather-related incidents and traveler information. This is another example of utilizing smart, creative solutions that harness cutting-edge innovations to improve the quality of life for Virginians."

Specific engineering services the team will consolidate and manage for VDOT include:

• Monitoring traffic through the use of 900 cameras, 500 electronic message signs, and more than 1,000 road sensors

• Managing incident and emergency response

• Dispatching safety service patrol and maintenance crews to respond to incidents

• Providing actionable 511 traveler information

• Managing HOV/reversible lanes

• Providing real-time information to emergency responders

• Serving as emergency operations centers during major events

• Coordinating signal systems

"The VDOT award expands our strong support for Virginia's transportation network, since we currently operate and maintain the Commonwealth's award-winning 511/Traveler Information System," said Abbas Mohaddes, president and CEO of Iteris. "VDOT is one of the leaders in intelligent transportation system innovation and has leveraged the benefits of technology to better guide system managers and users. Their business model stands as an excellent example for other state agencies to adopt."

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 unique IP, 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 the company 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," "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 contract and our future prospects.

Important factors that may cause such a difference include, but are not limited to the $6.0 to $8.0 million of potential value related to the general engineering services component of this award; the timing and successful completion of the operational component of this award as well as the continuation of this component through the term of the award; our ability to provide adequately trained staff in sufficient quantities to manage the traffic operations component of this award; budget constraints and changing governmental priorities; the potential unforeseen impact of product and service offerings from competitors and other competitive or governmental pressures; and the general economic, political, 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).

Investor Relations:
Liolios Group, Inc.
Scott Liolios or Cody Slach
Tel 1-949-574-3860
ITI@liolios.com

KEYWORDS: United States North America California Virginia

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