Iteris, Inc. (NYSE: ITI) said it was awarded a USD1.4m contract by the Orange County Transportation Authority to provide traffic signal improvements.
The project is part of the renewed Measure M Regional Traffic Signal Synchronization Program, which was approved by voters in 2006 for a 30-year extension.
Under this contract, Iteris will update and synchronize traffic signals along Newport Boulevard in Orange County, California. Newport Boulevard is a major arterial to many tourist attractions in the area, including the Orange County Fairgrounds in Costa Mesa and the Balboa Peninsula in Newport Beach. Iteris will also construct new underground fibre-optic cables for the roadway and strategically deploy traffic cameras at major intersections, allowing the cities to proactively monitor traffic conditions in real-time.
Iteris is a leader in providing intelligent information solutions to the traffic management market. The firm is headquartered in Santa Ana, California, with offices nationwide and in the Middle East. For more information, visit www.iteris.com.