Iteris
| Public | |
| Traded as | NYSE MKT: ITI |
| Industry | Communication Equipment |
| Founded | 1969 |
| Headquarters | Santa Ana, California, United States |
Area served | worldwide |
Key people |
Abbas Mohaddes (Interim Chief Financial Officer, Principal Accounting Officer and Controller) As of December 31, 2013 |
| Products | Intelligent transportation systems |
| Revenue |
 $ 66.49M As of December 31, 2013 |
Number of employees | 258 As of December 31, 2013 |
| Website |
www |
Iteris, Inc. is an American company which was set up in 1969 and now is based in Santa Ana, California, focusing on intelligent information solutions to the traffic management market globally. Based on its technology, these intelligent transportation systems (ITS) help to reduce traffic congestions, improve predictions of weather and traffic conditions, and provide more accurate performance analysis. There are two major segments in Iteris, namely roadway sensors and transportation systems. In November 2011, the company acquired Berkeley Transportation Systems, Inc.[1][2]
History
In the late 1990s, Iteris acquired some assets of Rockwell International Corp., Mohaddes Associates, and Viggen Corporation. Meanwhile, it cooperated to develop a lane departure warning system. In 2011, Iteris reconstructed its production line of lane departure to be an intelligent traffic management information company and then developed the iPerform group. After that, the company acquired Meridian Environmental Technologies and Berkeley Transportation Systems for better weather forecasting and traffic measurement.[3]
Products
Iteris, Inc.’s roadway sensors segment markets on vehicle detection systems for traffic intersection control and traffic data collections. The products of this segment are Vantage series video detection system (such as VantageView, Vantage Vector), SmartSpan and SmartCycle, VersiCam, Pico, and Abacus. The company’s transportation systems segment markets on transportation engineering, and consulting services, information systems and decision support systems for better traffic conditions. In addition, its iPerform segment markets on transportation performance measurement.[4]
In 2013, the company launched SmartCycle, which can detect vehicles and bicycles accurately with a single video detection camera facing a dedicated approach.[5]
Research and development
September, 2013. Iteris, Inc. announced the new web-based software iPeMS lite for arterial and freeway applications, with an instant analysis and visualization of big data in traffic conditions, such as speed and congestions.[6]
May, 2013. Iteris, Inc. cooperated with INRIX to integrate INRIX’s real-time and historical traffic information with IterisPeM. After the integration, IterisPeMS could collect traffic data information across all major highways and arterial roads for better evaluation abilities.[7]
Awards
2013. ASCE’s Award for the Outstanding Private Sector Civil Engineering Project for its contribution to Metro Orange Line Extension.[8]
2013. Iteris received the Project Achievement Award, to by CMAA Southern California Chapter for the Metro Orange Line Extension.[9]
2010. Iteris won the One of the Best in the West by the American Association of State Highway and Transportation Officials (AASHTO) for the I-15 North Design-Build Project.[10]
2009. Iteris won "The Next Downtown, A Sustainable Vision for Downtown L.A." by the American Planning Association (APA), Los Angeles Section.[10]
References
- ↑ "Business Summary".
- ↑ "Form 10-Q company acquisition".
- ↑ "Company mission and history".
- ↑ "Company Full Description".
- ↑ "“Year of the Bicycle” Signals Iteris Release of Vantage® SmartCycle™".
- ↑ "Iteris Introduces iPeMS lite Software to Better Know Your Roadway Network".
- ↑ "Iteris Collaborates with INRIX to Provide Actionable Traffic Intelligence".
- ↑ "The ASCE Region 9 Board of Governors is pleased to announce the 2013 Individual and Project Awards.".
- ↑ "Project Award Winners-2013" (PDF).
- 1 2 "Awards & Recognitiona".