Iteris’ Market-Leading Smart Intersection Products Certified for Purchase Under Newly Reinstated Texas SmartBuy Contract

SANTA ANA, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24ITI&src=ctag” target=”_blank”gt;$ITIlt;/agt; lt;a href=”https://twitter.com/hashtag/Iteris?src=hash” target=”_blank”gt;#Iterislt;/agt;–Iteris,
Inc.
(NASDAQ: ITI), the global leader in applied informatics for
transportation and agriculture, today announced that its intersection
detection and related traffic management products have been certified
for purchase under the newly reinstated Texas SmartBuy
contract 550-A2, administered by the Statewide Procurement Division of
the Texas Comptroller of Public Accounts.

SmartBuy contract 550-A2, which was just renewed, administers the
purchase of traffic control devices, markers and delineators for the
Texas Department of Transportation, as well as local agencies across the
state of Texas. This new contract will remain in effect until November
30, 2019, with three optional one-year renewal periods. The prior
version of this contract ended on May 31,2018, temporarily
affecting the purchase of Iteris’ video, radar and Bluetooth detection
sensors; traffic controllers; and fiber-optic communications devices and
systems in the Texas market.

“We are delighted to have received notice from the Texas Comptroller of
Public Accounts that our market-leading portfolio of intersection
detection and other intelligent transportation system technology
products are now available for purchase via the recently reinstated
Texas SmartBuy contract for traffic control devices, markers and
delineators,” said Joe Bergera, president and CEO of Iteris. “Texas is
one of the largest and most progressive transportation markets in the
country, and we look forward to continuing to help the state improve
safety and mobility for its road users with our intersection detection
and other related technology products.”

The Texas SmartBuy Membership Program is a service provided by the Texas
Comptroller’s office. It promotes best value procurements through state
contract usage at the local level, by leveraging the multi-billion
dollar purchasing volume of the estimated #10 economy in the world.

About Iteris, Inc.

Iteris is the global leader in applied informatics for transportation
and agriculture, turning big data into big breakthrough solutions. We
collect, aggregate and analyze data on traffic, roads, weather, water,
soil and crops to generate precise informatics that lead to safer
transportation and smarter farming. Municipalities, government agencies,
crop science companies, farmers and agronomists around the world use our
solutions to make roads safer and travel more efficient, as well as
farmlands more sustainable, healthy and productive. 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,”
“anticipates,” “expects,” “intends,” “outlooks,” “target,” “plans,”
“seeks,” “estimates,” “may,” “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 success and benefits of participating
in a procurement program. 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, changes in the Texas SmartBuy Membership Program that may
adversely impact our sales; government agendas, funding and budgetary
issues, and potential related funding delays and discontinuations; the
impact of general economic, political, and other conditions in the
markets we address; and the potential impact of product and service
offerings from competitors and such competitors’ patent coverage and
claims. 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).

Contacts

Iteris Contact
David Sadeghi
Tel: (949) 270-9523
Email:
dsadeghi@iteris.com

Investor Relations
MKR Investor Relations, Inc.
Todd
Kehrli
Tel: (323) 468-2300
Email: iti@mkr-group.com

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