Iteris Chosen by Port of Long Beach to Complete a Multimodal Transportation Study
16 April 2024 - 10:30PM
Business Wire
The study will coordinate future Port
improvements and improve safety and efficiency for all
transportation modes
Iteris, Inc. (NASDAQ: ITI), the world’s trusted technology
ecosystem for smart mobility infrastructure management, today
announced it has been awarded a $900,000 contract by the Port of
Long Beach for an 18-month multimodal transportation study.
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Iteris Chosen by Port of Long Beach to
Complete a Multimodal Transportation Study (Photo: Business
Wire)
The project will identify how best to accommodate cargo movement
within the Port to enhance safety and efficiency for various
transportation modes, including trucks, rail, transit, bicyclists,
and pedestrians. It will also coordinate future Port development
and infrastructure improvements. Iteris is leading a team of
partner firms, including HDR Inc., System Metrics Group, Raju
Associates, and Valerie Martinez Associates Communications, Inc.,
to provide comprehensive services.
The multimodal transportation study, which aims to advance the
goals identified in the Port’s strategic plan, will identify
strategies and recommendations to optimize the operations of the
Port’s transportation system for its users and Port
stakeholders.
The Port of Long Beach is a primary Unites States gateway for
trans-Pacific trade and a trailblazer in innovative goods movement,
safety, environmental stewardship and sustainability. Voted “Best
West Coast Seaport” by industry peers, the Port handles trade
valued at $200 billion annually and supports 2.6 million jobs
across the nation and more than 575,000 in Southern California
alone.
Iteris has provided trusted consulting services to the Port of
Long Beach for over 20 years in various capacities. Most recently
in 2023 Iteris assisted in a successful grant application to the
Maritime Administration’s Port Infrastructure Development Program,
which awarded $52.6 million to modernize critical on-dock rail
capabilities and improve several key roadways aimed at speeding the
flow of cargo through the Port of Long Beach.
“We’re proud to be a part of this essential project for the Port
of Long Beach,” said Steven Bradley, regional vice president,
mobility professional services at Iteris. “Their mission to enhance
productivity and efficiency in goods movement and improve the
environment through sustainable practices aligns perfectly with
Iteris’ goals. We’re excited to work on this study to increase
efficiency and sustainability.”
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
awarded contract and impacts and benefits of our consulting
services. 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 deliver our
services in a cost-efficient manner; government funding and
budgetary issues and delays; project performance timing; impact of
influences and variances of general economic, political,
environment, and other conditions in the markets we address; and
the potential impact of product and service offerings from
competitors and other competitive pressures. 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).
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version on businesswire.com: https://www.businesswire.com/news/home/20240416308921/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
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